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It’s the antithesis of the Lean Startup. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. The Rise of the Lean Startup. The idea of the Lean Startup was built on top of the rubble of the 2000 Dot-Com crash.
Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development. However, four critical advances over the past decade (cloud, accelerators, Lean, and Angels) not only changed the math for tech investing but made regional tech clusters possible. Why Valley Rules Don’t Work in Regional Economies.
There are very few people in SiliconValley who have such a precise grasp on what defines success of early-stage startup companies than Eric Ries. Timecodes: 00:00 Welcome, our guest is Eric Ries, founder of the Lean Startup Movement. 01:17 Background, before the Lean Startup. 22:53 Eric’s book: The Lean Startup.
What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. However the Customer Development Model and the Lean Startup work equally well for startups on the web.
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. As the emeritus Chief Technology Officer of the United States, he still connects government and SiliconValley.
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. Flesh out the specifics with more detailed planning (as necessary).
Your presentation doesn’t have a single word about Lean Startups or Customer Development. Steve Blanks 30 years of SiliconValley startup advice. Did the VC’s like your team ? They will realize that you have built a startup that’s agile, resilient and customer-centric. This is a radical departure from a traditional VC pitch.
Guest post by Lisa Regan, writer for The Lean Startup Conference. Between webcasts and interviews, we’ve been gradually introducing some of the speakers who are appearing at this year’s Lean Startup Conference. Lean validation. He gave us a quick rundown on two major growth challenges he’s faced: Challenge #1: Vanity Metrics.
The Lean Startup movement has made tremendous progress in the past year. If you recall, around this time last year we were still fighting various myths , such as “ lean means cheap ” or that we don’t support having a big, world-changing vision. No BS, no vanity metrics, no launches, no PR. And those are just our keynotes!
Reply My take on Customer Development and the Lean Startup | Recess Mobile Blog , on January 9, 2010 at 5:29 am Said: [.] reminds us that Customer Development is not just collecting web metrics and it’s not about focus groups. Steve Blanks 30 years of SiliconValley startup advice. Then WHAT it IS? Order Here.
He’s spent the last four years in SiliconValley out of uniform continuing that work. 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.
My own metric is that you need experience >= 1.5 Steve Blanks 30 years of SiliconValley startup advice. We could for example, find warning signs in popular literature about e.g. finance suggesting rapid maturation in bond trading. Warning sign? Say 40 years = 20 years real direct experience. At best. ~ Is 20 years enough?
And the results weren’t the traditional PR metrics of number of articles or inches of ink. We were constantly creating metrics to see the effects of different PR messages, channels and audiences on end-user purchases. Steve Blanks 30 years of SiliconValley startup advice. I couldn’t care less about those. Now In Print!
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.
Metrics – Mine is Bigger Than Yours The first thing SuperMac needed to do was to change how our potential color desktop publishing customers viewed our products versus our competitors’ products. As hokey as it is, when confronted with uncertainty or unknowns, human beings like to be reassured by comparative metrics. Now In Print!
This week, the startup tribe from Harvard Business School is making their annual trek to SiliconValley. It’s a common refrain around SiliconValley to disparage the role of MBA’s in entrepreneurship. One tweet read, “well, if HBS is investing in the lean startup we know it has jumped the shark.”
When we looked at the color graphics board market, our competitors had defined the market as one measured by technical metrics: screen resolution, number of bits of color, screen refresh rates, acceleration, etc. It didn’t take much imagination to realize that what we had to do was to tell our story around one key metric performance ?
Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and active faculty support and participation in the first wave of SiliconValley startups. Given its inward focus, Berkeley has always been the neglected sibling in SiliconValley entrepreneurship.
(One of the common questions I hear is how to reconcile design and user experience (UX) methods with the Lean Startup. Manuel Rosso was IMVU's first VP of Marketing, and is now CEO of Food on the Table , one of the leading lean startups in Austin. Eric) A lot of people ask me whether design fits into the lean startup process.
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
You kids have to learn to do it the old fashioned way they did it before they new economy and SiliconValley. Reply conversationalistOU812 , on November 9, 2009 at 10:31 am Said: Dmitriy is right – we should ban the use of industry buzzwords like “verticals&# , “metrics&# and “horizontals&# altogether.
The notion of “Market Type&# is there so startups have a metric of when to spend marketing and sales dollars. Reply 4 Anti-Lean Startup Archetypes at Market By Numbers , on August 4, 2009 at 11:30 am Said: [.] Steve Blanks 30 years of SiliconValley startup advice. Reply Leave a Reply Click here to cancel reply.
You’ve heard them all before: Lean methodology , customer interviews, landing page tests , concierge experiments, and other tactics for testing hypotheses and measuring demand before building a product. WhatsApp, recently acquired by Facebook for $19 billion in cash and stock options , challenged traditional SiliconValley logic.
Guest post by Lisa Regan, writer for The Lean Startup Conference. Our fall webcast series concluded on a high note with three extraordinary conversations about the origins and implications of Lean Startup. Eric’s chat with Kent Beck was among our most entertaining webcasts ( video ; iTunes ; SoundCloud ). I find that very motivating."
Thomas Clayton has started and run numerous high-tech startups in SiliconValley. The process of raising money in Asia is very different from raising money in SiliconValley and, frankly, it’s not nearly as easy. Set your expectations – VCs in Asia are different from the Valley. Sequoia Capital focuses on.
Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology.
Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology.
Luckily (or maybe because we were in SiliconValley where there was a domain expert for everything) there was a very smart consultant in the retail computer space, Seymour Merrin, who preached about the importance of packaging. Steve Blanks 30 years of SiliconValley startup advice. To Order Outside of the U.S.
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.
Steve Blank, a serial entrepreneur in SiliconValley, developed a methodology for creating businesses that runs in parallel with the traditional product development process. Eric Ries, author of “The Lean Startup” says -. That was the metric that really told us we needed to start over.” Conclusion.
Growth marketing borrows a concept from the lean startup methodology. They work to improve top-of-funnel metrics like brand awareness and identify opportunities to improve customer activation, retention, and referral efforts. If your campaign works and your brand awareness metrics improve, you win. What are “pirate metrics?”.
Being Kind To Your Prospective Customers Is Good Business – (Lean Business: Do Unto Others) – [link]. Measuring What Matters: How To Pick A Good Metric – [link]. Being Kind To Your Prospective Customers Is Good Business – (Lean Business: Do Unto Others) – [link]. Leadership Rule No.
8:05 – Metrics for Success. 21:39 – What Makes SiliconValley Special? 22:50 – Risk and Culture in SiliconValley. Filed under: Customer Development , Lean LaunchPad , Teaching , Venture Capital. We covered a wide range of topics. 0:22 – the Entrepreneurial explosion.
Brad Feld’s new book Startup Communities joins the two other “must reads,” ( Regional Advantage and Startup Nation ) and one “must view” ( The Secret History of SiliconValley ) for anyone trying to understand the components of a regional cluster. His list of cultural attributes is an integral part of SiliconValley.
Listen to the entire interview here: Taking the Lean Startup From SiliconValley to Corporations and the State and Defense Department. 2:35 The origins of the Lean Startup. 8:43 The Three Components of the Lean Startup. 10:01 Lean in Corporations. 11:17 Why Lean is Hard in Companies.
Or depending on your metrics for success, get users, grow traffic, etc.). At Stanford, Ann Miura-Ko and I have been working on a simplified SiliconValley version of this model. How Does Customer Development, Agile Development and Lean Startups Fit? Or in English: A business model describes how your company makes money.
But the counterpoint comes from a researcher named Kathleen Eisenhardt at Stanford, who did a study of SiliconValley firms and found that the firms that considered more options were actually faster for three basic reasons. That is a core belief of everyone in the Lean Startup movement. It’s more work, and it’s slower.
Defending the Brash Arrogance of SiliconValley | by Mike Greenfield – [link]. How a 1-Page Business Model Will – and Won’t–Help Your Lean Startup | by Kevin Dewalt – [link]. The critical metrics for each stage of your SaaS business | by Lars Lofrgren – [link]. 10 Myths about Startups – [link].
Step 1: Start with a lean plan. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods. Introducing Lean Planning: How to Plan Less and Grow Faster. How to Write a Traditional Business Plan.
Moneyball uses rigorous statistical data analysis in player selection and attempts to predict the value of the players by using metrics more granular then batting averages and RBIs. Obama’s own campaign used Moneyball and Lean Startup strategies to win the ultra high stakes Presidential Election. It’s not just baseball.
note: apologies in advance for the west coast bias; i’m in siliconvalley). First Round became a very active investor in consumer internet and e-commerce, on a rather lean investment budget, with several notable exits (including Mint.com to Intuit in 2009 for $170M). Scaling Up & Out: The Valley is Flat (and Global).
Having a valid metric of when corner cases become truly important is a great way of avoiding people destroying ideas before they have a chance to come to fruition, simply because of corner cases that may or may not have major impact. Steve Blanks 30 years of SiliconValley startup advice. Thanks for the posts! Now In Print!
The legends of SiliconValley?—?two Today you have funders focused exclusively on “Day 0” startups or ones that aren’t even created yet. They might be ideas they hatch internally (via a Foundry) or a founder who just left SpaceX and raises money to search for an idea. two founders in a garage?—?(HP HP Style) are dead.
From ASU to SiliconValley, nice piece in Entrepreneur by Joel Holland profiling the journey Suhail Doshi and Tim Trefren have taken over the past few years, including time in Y Combinator.
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