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I’ve watched the Valley go from Microwave Valley – to Defense Valley – to Silicon Valley to Internet Valley. the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally.
Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customerdevelopment? But too often when its time to think about customers, marketing, positioning, or PR, we delegate it to "marketroids" or "suits." Many of us are not accustomed to thinking about markets or customers in a disciplined way.
I believe it is the best introduction to CustomerDevelopment you can buy. As all of you know, Steve Blank is the progenitor of CustomerDevelopment and author of The Four Steps to the Epiphany. You can easily take from it whatever makes sense for your business, and leave the rest. I think theyve succeeded.
But he left to work on what he told me he came to do - crack the innovation code of Silicon Valley and share it with the rest of the world. They went to work gathering deep knowledege of what makes successful Internet startups. Max and his partners interviewed and analyzed over 650 early-stage Internet startups.
We taught them the business model / customerdevelopment / agile development solution stack. This methodology forces rapid hypothesis testing and CustomerDevelopment by getting out of the building while building the product. And since the rest of the slides were about CustomerDevelopment, I taught those.
70% of Chinese Internet users are under 30. Internet penetration in Beijing is greater than 70% while it’s less than 25% in Yunnan, Jiangxi, Guizhou and other provinces. The slide below from the Zhen Fund shows the breadth of business coverage of each of the Chinese Internet incumbents. New Rules for China.
Last night I had the great privilege to interview Bill Gross , one of the Internet’s true pioneers. He took out an ad in the Yellow Pages (it was the early 80′s, pre Internet), which cost him $1,000 / month for a half-page ad. If it worked in the Yellow Pages, why not on the Internet? Cars Direct / Internet Brands.
Venture Capitalists on your board developed the expertise to get your firm public as soon as possible using whatever it took including hype, spin, expand, and grab market share because the sooner you got your billion dollar market cap, the sooner the VC firm could sell their shares and distribute their profits. So what’s left?
Present at the Creation It was early 1991 and Apple’s software development team was hard at work on QuickTime , the first multimedia framework for a computer. At the time no one (including Apple) knew exactly what consumers were going to do with multimedia, it was still pre-Internet. Little did we know. It was fun watching it happen.
70% of Chinese Internet users are under 30. Internet penetration in Beijing is greater than 70% while it’s less than 25% in Yunnan, Jiangxi, Guizhou and other provinces. The slide below from the Zhen Fund shows the breadth of business coverage of each of the Chinese Internet incumbents. New Rules for China.
It wasn’t a lack of competence or skill in her job; it was just that as far as she was concerned, her job had no connection to the rest of marketing, our customers or our ultimate success as a company. “We So I asked the fatal question, “Has anyone ever looked at the customer registration cards?
If you cant find any , maybe that means you havent figured out who your customer is yet. And if you dont know who your customer is, perhaps some customerdevelopment is in order? Labels: customerdevelopment , search engine marketing 13comments: Jim Lindstrom said. What is customerdevelopment?
So if youre new, consider not paying any attention to the rest of this post, and just diving into the archives, if you havent already. Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? Im one of those people whos been programming since they can remember.
I met one recently that is working on a really innovative product, and the stories I heard from their development team made me want to cringe. The product manager was clearly struggling to get results from the rest of the team. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
Read the rest of The Startups Rules of Speed - The Conversation - Harvard Business Review. Read the rest of The Startups Rules of Speed - The Conversation - Harvard Business Review. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? This is the speed-up-or-slow-down moment.
Read the rest of The Five Whys for Start-Ups. Read the rest of The Five Whys for Start-Ups. The Entrepreneur’s Guide to CustomerDevelopment ▼ June (3) What is a startup? Applied to a start-up, heres how it works. You can view previous essays in this series here: Is Entrepreneurship a Management Science?
You can read the rest of his posts on his blog : Introduction , Part 1 , Part 2.) When I first encountered customerdevelopment , it was considered pure lunacy by mainstream entrepreneurs and VCs. You can read the rest of his posts on his blog : Introduction , Part 1 , Part 2.) We all owe him our thanks for persevering.
Luckily for the rest of us, he was able to find his path to a green card, and now employs 24 Americans in West Lafayette, Indiana. The cost of creating new companies is falling rapidly, and access to markets, distribution, and information is within the reach of anyone with an Internet connection. He started Passageways Inc.
You must also understand the value the product provides customers (along with the rest of your business model.). And going for crowdfunding before you do customer discovery with customers can lock you into the wrong idea too early. Filed under: CustomerDevelopment , SiriusXM Radio Show.
Read the rest at The Conversation - Harvard Business Review. Read the rest at The Conversation - Harvard Business Review. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Is Entrepreneurship a Management Science? No departments The Five Whys for Startups (for Harvard Business R.
Everybody and their mom uses the internet to discover new brands, influencers and ultimately to buy new products and services. If you want to compete with them, you’re going to have to develop a reputation and a strong web presence yourself. Customdevelopment. Customdevelopers can really bring your vision to life.
Lessons Learned by Eric Ries Saturday, January 2, 2010 Towards a new entrepreneurship When I started writing about the lean startup , my aspiration was to do more than just share a handful of tips and tricks that work for consumer internet startups. This belief led me to the lean startup, and to an amazing 2009. Lets get 2010 underway.
Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customerdevelopment. The opportunity was just mind-bogglingly huge.
We spent the rest of our time pretending to work on the assigned homework, but really trying to do interesting side projects, like sending juvenile messages across the school network or building primitive video games. No logins, no codes, just raw uncensored internet access. Take a look and let me know what you think.
As a consumer internet company with millions of customers, it may seem to have little relevancy for an enterprise software company with only a handful of potential customers, or a computer security company whose customers demand a rigorous audit before accepting a new release. So new conflicts appear.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? What is customerdevelopment? As companies grow, it becomes increasingly important to build an organization that can execute in multiple areas simultaneously. No departments The Five Whys for Startups (for Harvard Business R.
Recently, he was bitten by the lean startup bug and has started writing about his experiences attempting to apply lean startup and customerdevelopment principles. Managing weekly releases got a lot harder once I started doing customerdevelopment. Things started to slip. Things started to slip.
The rest of the post, which you can read here , discusses the application of these principles to other contexts. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? I recommend you take a look. No departments The Five Whys for Startups (for Harvard Business R.
Read the rest here. Read the rest here. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? For a little while, the team can resort to the last defense of entrepreneurs in trouble: the promised hockey-stick. No departments The Five Whys for Startups (for Harvard Business R.
But, as any startup can tell you, this opens up a tremendous set of opportunities for the rest of us. But for the rest of us, who create content because we care passionately about having an impact on the world, we need to rethink the process by which we do it. For established media empires, this is a scary fact.
.&# In 2002 I became exposed to the idea of “agile software development&# and subsequently was a first round investor in Rally Software which is now the market leader in Agile application lifecycle management software. Read the rest. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
Heres my favorite part: If youve got a team, part of the team should obsess about the backlist, honing it, editing it and promoting it, while the rest work to generate (as opposed to promote) the frontlist. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
Lessons Learned by Eric Ries Monday, February 16, 2009 Continuous deployment with downloads One of my goals in writing posts about topics like continuous deployment is the hope that people will take those ideas and apply them to new situations - and then share what they learn with the rest of us. Take a look and let me know what you think.
For the rest of us, there is an alternative: to create credibility by building a lean startup. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? At IMVU, we were terrified by how early we shipped (and charged for) our first product. Take a look and let me know what you think.
When doing the post-interview team meeting, it was common for the first opinion expressed about a candidate to become the prevailing opinion of the rest of the team members. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? The two rounds of questioning is a good idea for avoiding that.
Chris Schroeder , Internet/media CEO, venture investor and author of Startup Rising: The Entrepreneurial Revolution Remaking the Middle East. Keeping the interactive unit separate from the rest of the company helped, he said. Filed under: CustomerDevelopment. Chris Schroeder. If you can’t hear the clip, click here.
.&# If you keep iterating at it, you keep making it a little bit more sophisticated, at a certain point after you’ve been through 10 iterations, that you still got no uptake whatsoever, and the feedback you’re getting from customers is still a yawn, you might say to yourself,&# You know what?
Read the rest: For Startups, How Much Process Is Too Much? - Read the rest: For Startups, How Much Process Is Too Much? - The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Finding the right balance requires an understanding of the fundamental feedback loop that powers all startups.
Cloud computing or rather the cloud can be described as the process of using a network of remote servers that are internet-based to process, manage and store data. The host ensures that the cloud’s services are efficiently delivered to the customer through the internet.
What sets this approach apart from practices like using focus groups is that companies base product development decisions not just on what customers say they want but on how they vote with their wallets. Read the rest. The key ideas are customerdevelopment , the pivot , MVP, and root cause analysis. Read the rest.
2gov.org will take care of the rest. 2gov.org will take care of the rest. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? To that end, were tweeting about it, and would like to ask you to join us. The Geeks are doing their part. Take a look and let me know what you think.
Read the rest of Entrepreneurs: Beware of Vanity Metrics at The Conversation on Harvard Business Review. Read the rest of Entrepreneurs: Beware of Vanity Metrics at The Conversation on Harvard Business Review. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
Read the rest here. Read the rest here. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? This program is designed for people who have a stake in creating great products: engineers, designers, product managers, marketers and businesspeople—from companies of any size.
This requires deep customer and competitive knowledge. However, the mistake would be to confuse the interest in consumer facing companies with mass interest in the rest of corporate America. In an existing or resegmented market, this may include branding and product line extensions. It may happen, but its not there yet. (As
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