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Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Filed under: Customer Development , Lean LaunchPad , Teaching.
Jeff has been promoting the use of Lean UX as an effective method to spur greater innovation, quality and productivity in startups as well as within teams in larger organizations. Lean Startups need to make snap decisions, iterate quickly and pivot when needed. Demos have become our design reviews.”
We feel pressure to hit milestones for a variety of reasons: Investor presentations, conference demos, customer sales meetings, competitive pressures, a need to drive revenue, business development commitments – whatever. There is nothing that will focus the mind more than not wanting to be on stage with a demo that bombs.
Unlike traditional demo days or Shark Tanks which are, “Here’s how smart I am, and isn’t this a great product, please give me money,” a Lessons Learned presentation tells the story of a team’s 10-week journey and hard-won learning and discovery. . – while simultaneously building a series of minimal viable products.
The Lean Startup movement provides a wonderful template, and Ross wrote a great post in which he discussed how managers can use these principles in their own marketing campaigns. The USPS has a great demo tool which allows you to play with targeting zip codes, routes and customer types and that gives you a real time cost and will estimator.
Together Pete, Joe Felter and I created Hacking for Defense , a nationwide program to teach university students how use Lean methodologies to solve defense and national security problems. Solution 4 : What we have been missing is an innovation pipeline focused on deployment not demos.
Imagine the “typical&# deal – somebody comes into a VC’s office, they’ve never met, they’re highly referred by a friend and they’re pitching a product demo and a PPT. If you have good experience then the VC will be leaning forward for the rest of the presentation. They might want you to start lean.
You don't have an "edge" just because you're passionate, hard-working, or "lean.". Some head straight to the booth to get a demo; for many I give a private demo of the product on sofas in the hallway. To summarize: Anything that can be copied will be copied, including features, marketing copy, and pricing. Like what??
Unlike traditional demo days or Shark Tanks which are, “here’s how smart I am, please give me money,” a Lessons Learned presentation tells the teams’ stories of a 10-week journey of hard-won learning and discovery. Hacking for Defense has its origins in the Lean LaunchPad class I first taught at Stanford in 2011. What a year.
The Lean Startup Machine looks a lot like reality television for startups. I have written previously about how powerful the these events are as a teaching tool for Lean Startup principles. Below you will find the final presentations of each of the Lean Startup Machine NYC teams, including SnappSchool, who was judged to be the winner.
Approvals tended to be based on who had the best demo and/or slides or lobbied the hardest. A canonical Lean Innovation process inside a company or government agency would look something like this: Curation. Ironically, by standing still, they were falling behind. As the head of the U.S. They need the support and oversight of the CEO.
My company is in the contract automation business so we have made our NDA available for free on our demo page so people can use it for free if they think it works for them. EE Reply My take on Customer Development and the Lean Startup | Recess Mobile Blog , on January 9, 2010 at 5:30 am Said: [.]
This post co-written by Sarah Milstein and Eric Ries, co-hosts of The Lean Startup Conference. Our goal in hosting The Lean Startup Conference —which starts in just over two weeks—is to help entrepreneurs learn absolutely useful things from each other. Whether intended as jokes, plenty of people saw them as far from funny.
No amount of learning how to get a VC meeting or improving your VC demo skills will fix the lack of concrete customer data. Your presentation doesn’t have a single word about Lean Startups or Customer Development. You might as well bring your lucky rabbits foot to the VC meeting.
The Stanford Lean LaunchPad class was an experiment with a new model of teaching startup entrepreneurship. They found that sales to this channel would require a demonstration, and that dealers would have to demo the robotic weeders to the customers. Filed under: Lean LaunchPad , Teaching. Relationships and trust are important.
But Apple had planned to announce and demo QuickTime without a way to get video into the Mac. Something Profound Engineering gave us a demo of the prototype board and software and asked, “Do you guys think we can sell a few of these boards?” We must have made them play the demo twenty times. My first IPO at Convergent.
I reminded her that all the Lean tools she learned in class–Customer Discovery, business model and value proposition canvases– contained her answer. How do I sort out what to do?”. She winced as I reminded her that she had gone through the National Science Foundation Innovation Corps. Painful and invaluable” was her reply.
We just finished the 6 th annual Lean LaunchPad class. For the last 6 years I’ve taught the Lean LaunchPad class at Stanford and Berkeley. Therefore, we developed the 8-week Lean LaunchPad class to teach students how to think about all the parts of building a business, not just the product.
I learned everything I know about startups in these lean years: 2001-2004. A small refuge from a busy day of shaking hands and demo’ing products. We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company.
This redefinition was my motivation for creating the derivative Lean Canvas format and codifying what I believe to be the universal meta-principles for Running Lean depicted below: You start out by drawing a line in the sand with your initial Lean Canvas, prioritizing risks, and systematically testing those risks through experiments.
We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. I’m going to start with what’s a lean business plan.
And inviting to the booth/dinner/private demo. General Comments for both Awareness and Lead Generation Demo’s I don’t care how small the booth or trade show is, do a canned demo every 20 to 30 minutes regardless of whether anyone is at your booth or not. Demo’s are the heart of the booth. One of them is a loser.
Suggestions for Angel Investors - Feld Thoughts , June 2, 2010 I’m on an Acela train between Boston and New York (listening to Boston’s More Than A Feeling – how recursive) on my way to the TechStars Boston 2010 Investor / Demo day. think many of the fundamentals behind the lean startup are things you likely have been practicing for a while.
Lean Marketing tips: not-for-profit edition – [link]. Learn from Excelerate Labs Demo Day: 3 Elements of a Killer Pitch – [link]. Lean Marketing tips: not-for-profit edition – [link]. Outstanding, candid post for entrepreneurs on a failed fundraising effort – by @randfish of @seomoz [link].
These dynamics harm startups at all stages, because they pressure founders to engage in “success theatre” – trying to make themselves look successful by general management standards by focusing on vanity metrics , product milestones, and whiz-bang demos. And it’s not just investors who are having trouble. The class debuts in a few weeks.
Lean Marketing: Five Cheap Ways To Market Your Startup – [link]. Lean Marketing: Five Cheap Ways To Market Your Startup – [link]. Good post by @micah with tips for entrepreneurs demoing a product/service to investors – [link]. image credit: EpicV27. The Best 10 Solutions For Email Marketing – [link].
Hackathons and incubators are helpful in getting product teams focused and result in great demos, but you’re left still not knowing whether you have something beneficiaries/stakeholders/users want nor do you know what it takes to deploy the solution to the field. Demo of final MVP. Pivot stories.
Later, they built a web demo to demonstrate the functionality of the PalmPilot product—the idea was to lure people to the PalmPilot project. Then, to their surprise, the web demo really started to take off, and they started to attract a lot more interest in the web product than the PalmPilot product. What do we do?
When you’ve got two people on the team and you’re going super lean in the early stages, usually your best bet is to have a customer experience person and a builder. Plus, in such a connected world, at the seed stage, the "outside" bar is low--a good article, review, demo can be a difference maker and get you on the right radars.
Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: Business Model Discovery.
For example, you may find that, upon experimenting with chatbots, it increases demo signups to your SaaS product by ~3%. Even startups with a lean marketing strategy invest in at least two or three channels. This could be a purchase, app download, user-sign up, demo, or consultation. Marketing requires a multi-channel approach.
This message appeals to customers who value a comfortable shave without leaning solely on the subscription business model. This means buying their product, booking a demo or signing up for a trial. Sign up for a demo and go through the sales process. Convenience is table stakes in the DTC landscape. What’s the packaging like?
They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. Eventually early product demos start happening but they’re rough and the product looks very alpha. Soundbites from potential customers are encouraging.
There was a time when anticipating your target demo was more or less guesswork. Writing a Lean Business Plan and modeling different financial scenarios is a great way to make sure you’ve thought through every aspect of your hotel venture. You can download a free Lean Plan template to help you get started. Write a business plan.
We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. The NGA has adopted Lean Innovation methods to make this happen. Their goal is to integrate these techniques into their own Lean innovation processes.
We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. The NGA has adopted Lean Innovation methods to make this happen. Their goal is to integrate these techniques into their own Lean innovation processes.
The classes are built on the Lean Startup methodology: Customer Discovery, Agile Engineering and the Business/Mission Model Canvas. Rather than doing every demo of your MVP live, consider 1) recording it 2) highlighting the key points. Break your MVP demo into <1 minute segments. Take the time to zoom in. Lessons Learned.
50 Advanced HTML5 Demos to show It’s Power – [link]. Can User Experience Designers be Lean? Designing Hyperlinks: Tips and Best Practices – [link]. Review of Popular Web Font Embedding Services – [link]. Understanding Visual Hierarchy in Web Design – [link]. – [link].
However, accelerator Demo Days are a combination of graduation ceremony and pitch contest, with the uncomfortable feel of a swimsuit competition. Other than “I’ll know it when I see it”, there’s no formal way for an investor attending Demo Day to assess project maturity or quantify risks.
Although I couldn’t possibly cover them all, some of the larger ones by attendees and membership are Silicon Beach, Lean Startup, Startup Grind, Amazon AWS and the Big Data Analytics meet-up group. Key successes include Grabble , which was sold to Walmart Labs. Australia is not short on those.
——————– March 11 th 1-4pm Demo Day at VC Firm (Location TBD). Set up a booth, put up posters, run demos, etc. Deliverable: Each team will present a 30 minute “Lessons Learned” presentation about their business. Show off your product to the public and real VC’s. Food and refreshments provided.
I began formulating the key ideas around what became the Lean Startup – that startups and existing companies were distinctly different – companies execute business models while startups search for them. Let’s Teach Lean Via Experiential Learning. Lean-driven (hypothesis testing/business model/customer development/agile engineering).
The first few years of Refocus were spent operating as a very lean company with a team of four ( Ren Ng , Colvin Pitts , Tim Knight and Alex Fishman ) focused primarily on research and development and on learning about the market. All Things Digital, Ina Fried.
Lean LaunchPad class developed for Stanford. And the Lean LaunchPad class I developed at Stanford was the first such class. I believe the analogy is identical for entrepreneurship.The capstone entrepreneurship classes like NSF I-Corps or a Lean LaunchPad class, are for those who have already decided they want to be entrepreneurs.
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