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Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. I like the term because of two connotations: Lean in the sense of low-burn.
Enter “ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses “, a New York Times bestseller by founder of IMVU (creator of 3D avatars) Eric Ries. The Lean Startup’s core is represented by the Build-Measure-Learn feedback loop.
Guest post by Lisa Regan, writer for The Lean Startup Conference. As Lean Startup methods have been used now for a number of years, we’ve become increasingly interested in how companies use them to sustain growth. But we couldn''t have identified this without having clear metrics (that high bug count) to assess our development process.
Once again, along with my partners at 500 Startups, we are proud to present the most substantive track at SXSW: [link] There was a running joke last year that "the Lean Startup track was the only place at SXSW you couldn't get out of the building." Seth Sternberg Co-Founder & CEO Scott Chacon CIO Kevin Hale Senior Product Manager NEW!
Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. In this post, Id like to talk about the perils of vanity metrics. My personal favorite vanity metrics is "hits."
Guest post by Lisa Regan, writer for The Lean Startup Conference The Lean Startup Conference is next week--and now that we can step back and see all the speakers and mentors, we have to say: Wow. Ben Horowitz ’s book The Hard Thing About Hard Things is driving the conversation around startup management this year.
Lessons Learned by Eric Ries Sunday, October 5, 2008 The product managers lament Life is not easy when youre working in an old-fashioned waterfall development process, no matter what role you play. The product manager was clearly struggling to get results from the rest of the team. Lets start with what the product manager does.
Lessons Learned by Eric Ries Wednesday, December 16, 2009 What is Lean about the Lean Startup? The first step in a lean transformation is learning to tell the difference between value-added activities and waste. I was giving my first-ever webcast on the lean startup. This value is evident in Lean Startups.
Guest post by Jennifer Maerz, contributing editor of Lean Startup Co. It’s been exciting to watch the Lean Startup movement grow from a practice utilized in the tech world to one implemented in a wide variety of sectors ranging from enterprise to education, religious organizations, nonprofits, and government groups.
Today, I want to introduce you to a new concept for starting and growing successful companies: Lean Planning™. Before I dive too deeply into the Lean Planning methodology, it makes sense to talk about its history and where it comes from. Lean Planning is born. At the time, we used Business Plan Pro and Basecamp for this.
—– Lean Innovation Management. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. Each horizon requires different focus, different management, different tools and different goals.
Lessons Learned by Eric Ries Tuesday, January 12, 2010 Amazing lean startup resources A year ago, there was no lean startup movement. I continue to believe that the explosion of interest in the lean startup has very little to do with me. If you are attempting to apply lean startup ideas in your own business - you are not alone.
He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. You don’t have to be a heavily funded later stage startup to get access to “big data,” customer analytics, and metrics dashboards. Set milestones and manage to those targets.
Lessons Learned by Eric Ries Monday, August 3, 2009 Minimum Viable Product: a guide One of the most important lean startup techniques is called the minimum viable product. I was delighted to be asked to give a brief talk about the MVP at the inaugural meetup of the lean startup circle here in San Francisco. Thanks Eric.
And they’re easy to remember because they all begin with an M: management, market, money and above all else momentum. That might work for $50-100k but less likely for $3m unless you’re a seasoned entrepreneur, known to the VC, have some metrics that work in your favor or have built something the VC believes to be truly unique.
Today, I want to introduce a new approach to business planning: Lean Planning. Lean Planning replaces lengthy business plans with a 20-minute planning process that focuses on increasing your chances of success in business. Lean Planning is simpler and faster than writing a traditional business plan. Step 1: Create a Lean Plan.
Long before there was the Lean Startup, Business Model Canvas or Customer Development there was a guy in Santa Barbara California who had already figured it out. How dare you,” the fab manager said. “We The supplier’s CEO directed his business unit general managers to take a SyncDev workshop. That night we flew to Boise.
This post was co-written by Eric Ries and Sarah Milstein, co-hosts of The Lean Startup Conference. This year, for the first time, we've added a day of workshops and site visits to The Lean Startup Conference. The Lean Entrepreneur: Embrace the Unknown to Go Big with Patrick Vlaskovits and Brant Cooper.
Lessons Learned by Eric Ries Friday, July 9, 2010 Founder personalities and the “first-class man&# theory of management At any given time, something like four percent of the US population is engaged in some form of new-company-creation. If you’re part of the Lean Startup movement, then you’re actually making it happen.
Michael later served as a group partner, managing director, and CEO of YC. Prioritize growth as the primary metric for fundraising: For Silicon Valley investors, growth is the most important factor, even more so than the team or past experience. Manage operations leanly: The most common problem for startups is spending too much money.
Lessons Learned by Eric Ries Monday, September 15, 2008 The one line split-test, or how to A/B all the time Split-testing is a core lean startup discipline, and its one of those rare topics that comes up just as often in a technical context as in a business-oriented one when Im talking to startups. Thanks for writing this article.
kaChing has been very active in the Lean Startup movement. With case studies like this, we aim to illustrate specific Lean Startup techniques through the stories of current practitioners. To shed some light, I talked with kaChing , a destination that enables individual investors to find outstanding money managers to manage their money.
Board meeting gets scheduled Nobody thinks too much about it until a week or two before Management team has a last-minute scramble to pull materials together Management is super focused on its daily work of … winning customers, signing biz dev, shipping product … so this prep is a last minute “fire drill” and is seen as a slight distraction.
So what does CTO mean, besides just "technical founder who really cant manage anyone?" I always assumed I wouldnt manage anybody. Being a manager didnt sound fun - deep down, who really wants to be held accountable for other peoples actions? So I wound up learning the discipline of managing other people. I dont think so.
Guest post by Jennifer Maerz, Program Chair of Lean Startup Co. For eight years, our flagship conference has focused on sharing stories and lessons of putting Lean Startup’s entrepreneurial methodology into practice. Lean Startup Week (Oct. 31 ( limited to the first 200 Gold Passholders.)
Because five whys kept turning up a few key metrics that were hard to set static thresholds for, we even had a dynamic prediction algorithm that would make forecasts based on past data, and fire alerts if the metric ever went out of its normal bounds. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May.
Like many new organizations that experience huge growth, Adopt-a-Pet needed to figure out how to manage it effectively. Around this time Moore was introduced to lean principles through The Lean Startup and urged CEO David Meyer to consider them as well. “We We were a mess,” says Moore. “We They want us to succeed.”
These companies typically have limited budgets, thin resources, and strained capacity which combine to create a challenge for managers and owners: how to develop an effective marketing campaign using tactics that will work for their business. Related posts: Lean Marketing tips: not-for-profit edition. Outdoor and print.
Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) But I managed a few "good learning experiences" before throwing myself full-bore into IMVU. Eventually, I came to summarize these themes with the phrase " the lean startup." So much for timing.
I owe it originally to lean manufacturing books like Lean Thinking and Toyota Production System. Similar results apply in product management, design, testing, and even operations. If peer pressure doesnt work then it looks like a management problem. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May.
Lessons Learned by Eric Ries Thursday, July 2, 2009 How to conduct a Five Whys root cause analysis In the lean startup workshops , we’ve spent a lot of time discussing the technique of Five Whys. My intention is to describe a full working process, similar to what I’ve seen at IMVU and other lean startups.
Of all the tactics I have advocated as part of the lean startup , none has provoked as many extreme reactions as continuous deployment , a process that allows companies to release software in minutes instead of days, weeks, or months. Managers start to make a note of who’s on which faction, and then assign projects accordingly.
February 17, 2010 1:09 AM Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) Subscribe via email Blog Archive ► 2010 (48) ► October (3) Case Study: Rapid iteration with hardware The Lean Startup Bundle Stop lying on stage ► September (4) Good enough never is (or is it?) Expo SF (May.
That’s what turns planning into management, with a cycle I call P-R-R-R, for plan-run-review-revise. Taking steering one step further, let’s suggest that good planning, with milestones and metrics, is something like steering with the aid of a GPS. Metrics give you tracking and accountability.
When I was a manager, I was once leading a cycle post-mortem. In order to give people the data they need to apply the strategy, we were very open with our company metrics, making all reports generally available and easy to run. Utopian theoretics make great blogs but not great managers. 6-12 months for many major decisions.)
This theory has become so influential that I have called it one of the three pillars of the lean startup - every bit as important as the changes in technology or the advent of agile development. Tom Peters called the Management By Walking Around - MBWA. Otherwise it is just Management By Wandering Aimlessly. Expo SF (May.
And yet, when I suggest this practice to hiring managers and recruiters alike, they rarely do it. Hiring managers say, “the recruiter would never go for it&# while recruiters say, “the hiring manager won’t accept it.&# I already advocate cross-functional teams as part of the lean startup methodology.
Many small businesses are turning to customer relationship management systems(CRM) to better understand customer wants and needs. Customer Relationship Management is a technology designed to help your business manage customer relationships and interactions in an organized way. What is CRM? Share information.
He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. You don’t have to be a heavily funded later stage startup to get access to “big data,” customer analytics, and metrics dashboards. Set milestones and manage to those targets.
I hope to show why lean and agile techniques actually reduce the negative impacts of technical debt and increase our ability to take advantage of its positive effects. Lean vs. debt In the world of physical goods, the leaner a supply chain is, the less debt is required to operate it. A similar relationship applies to technical debt.
The Stanford Lean LaunchPad class was an experiment with a new model of teaching startup entrepreneurship. PersonalLibraries was focused on creating a reference management system for discovering, organizing and citing researchers’ readings. Should they look at the Document Management market? Two more weeks of the class to go.
for Harvard Business Review) Over at Harvard Business Review, Ive been building up a series designed to introduce the Lean Startup methodology to a business-focused audience. You can view previous essays in this series here: Is Entrepreneurship a Management Science? The Lean Startup Intensive is tomorrow at Web 2.0.
Guest post by Lisa Regan, writer for The Lean Startup Conference. How can established companies benefit from implementing Lean Startup? Of course, you can also continue the conversation by attending The Lean Startup Conference. What can Lean Startup do about this? They’ll jump in to answer in the coming days. (Of
Most of us need just a Lean Business Plan, for internal use, with just bullet point lists and important projections. Good businesses always keep their Lean Plan up to date. The lean business plan is great news because it makes the planning process much less daunting. More on that in the section on the Lean Plan.
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