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Lessons Learned by Eric Ries Friday, July 3, 2009 Lean Startup fbFund wrap-up Last week I had a real blast meeting with the companies at the fbFund incubator at Palo Alto. The Lean Startup fbFund Edition View more documents from Eric Ries. As usual, Id like to post the slides and then offer some additional commentary.
Products can find sources of validation with impressive stats along a number of dimensions, such as high engagement, viral coefficient, or long-term retention. The Lean Startup Intensive is tomorrow at Web 2.0. Case Study: Continuousdeployment makes releases n. Expo SF (May. for Harvard Business Revie.
What these products all have in common is the question their minimum viable product is attempting to answer: does this product have high natural retention built-in? These concepts have important implications for any lean startup. These concepts have important implications for any lean startup. It’s probably time to pivot.
Just like in the world of startups, we can start to use micro-scale pilot programs, executed in lean fashion, to gather real facts for making ROI decisions about new project investment. If they don’t, there are a new breed of lean startups who understand this deep in the bones ready to take their place. 12comments: Dougvs said.
For the rest of us, there is an alternative: to create credibility by building a lean startup. Retention cohort analysis. The Lean Startup Intensive is tomorrow at Web 2.0. Case Study: Continuousdeployment makes releases n. Amazing lean startup resources Is Entrepreneurship a Management Science?
At IMVU , we would routinely find retention effects that would stem from registration changes and have impact days or weeks later. The Lean Startup Intensive is tomorrow at Web 2.0. Case Study: Continuousdeployment makes releases n. Amazing lean startup resources Is Entrepreneurship a Management Science?
Revenue is always my preferred measure, but you can use anything that is important to your business: retention, activation, viral invites, or even customer satisfaction in the form of something like net promoter score. The Lean Startup Intensive is tomorrow at Web 2.0. Case Study: Continuousdeployment makes releases n.
I wrote about this challenge for iPhone developers, in an essay on retention competition : the battle over what icon the user will click when they go to the home screen. Our theory is that the key to long-term retention is creating an engagement loop where the reactivation rate exceeds the rate of fatigue. What do they get out of it?
You need to have some sort of plan for testing to see how it’s affecting key metrics , whether those are revenue, retention, registration, user happiness, or some other number you care about. ► November (2) 6 Reasons Users Hate Your New Feature Is ContinuousDeployment Good for Users?
I think its helpful to think about two kinds of competition for distribution: acquisition competition and retention competition. Retention competition is how you get people to come back to your app. If your app has incredibly strong retention, you will probably do very well with the current PR/new app system of acquisition.
is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The Lean Startup Intensive is tomorrow at Web 2.0.
Lessons Learned by Eric Ries Monday, June 22, 2009 Pivot, dont jump to a new vision In a lean startup , instead of being organized around traditional functional departments, we use a cross-functional problem team and solution team. Thats not the goal of a lean startup. Your writing is certainly not lean. My question to you: 1.
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