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For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Over its lifetime a Lean Startup may spend less money than a traditional startup.
Feedback driven productdevelopment versus visionary (Steve Jobs) driven development. In this clip we discuss why Nanea is a proponent of a lean startup and data driven development methodology. She combines gathering: Quantitative data – data hook implementation, click tracking, A/B testing.
Platform selection and technical design - if your business strategy is to create a low-burn, highly iterative lean startup, youd better be using foundational tools that make that easy rather than hard. But I think in a lean startup, the development methodology is too important to be considered "just management."
They couldn’t keep up with the fast productdevelopment times that were enabled by using standard microprocessors. So their management teams were insisting that they OEM (buy from someone else) these products. Convergent Technologies was one of those OEM suppliers. Steve Blanks 30 years of Silicon Valley startup advice.
Market Risk vs. Invention Risk - Click to Enlarge For companies building web-based products, productdevelopment may be difficult, but with enough time and iteration engineering will eventually converge on a solution and ship a functional product - i t’s engineering, not invention.
Look for some “ skunk works &# project where the productdevelopers are actively seeking alternatives to their own engineering organization. But there’s nothing like in-person interaction to find out what your startup/product/messaging REALLY should be. Steve Blanks 30 years of Silicon Valley startup advice.
My two cents is that a business plan is the single place to collect your thinking about about your: business model, distribution channel, demand creation plan, financial assumptions, and customer and productdevelopment plan. I hate business plan competitions. Your investors may require something quite different.)
This productdevelopment diagram had become part of the DNA of Silicon Valley. That’s in stark contrast to the traditional ProductDevelopment Model where it’s expected a customer is already there and waiting and it’s simply a matter of [.] familiar with Customer Development you should be.
This post describes a solution – the Customer Development Model. This post describes a solution – the Customer Development Model. The difference is that the ones that succeed invent a Customer Development model. These steps mesh seamlessly and support a startup’s ongoing productdevelopment activities.
Join nearly 6,000 startup entrepreneurs by subscribing to my RSS feed. The knowledge that you need 10,000 hours to master a subject, that certain trends become viral after the 412th person adopts it, or that you should make your product remarkable, is not going to help you launch. Subscribe via RSS On Twitter? 8 Rob on 08.05.10
I firmly believe that in this age where the productdevelopment life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. Use them as a sounding board for corporate development issues. Find one person, make them your sherpa, and lean on them.
Eighty some pages later I realized that a) I had some great war stories as a good marketeer and failed CEO, b) I’d have to pay my wife and kids to read them, c) the three of them were probably the entire total available market, and d) when I looked at what I had done and what other entrepreneurs had done at their startups, that there was a pattern.
Execution by Vertical Market As the class progressed, students asked how the activities/functions of a startup; (Sales, Marketing, Business Development, ProductDevelopment, etc.) How does productdevelopment differ in communications hardware versus enterprise software, etc. Waterfall, Agile, Lean?
In fact, in many ways talking to your customer and understanding them great detail is often much more powerful before you even go through the productdevelopment process. » View Comments to Talk to your target customer in 4 easy steps Subscribe to comments with RSS Great post. Especially during product evolution periods.
This is also why I get so outraged when people treat Lean Startup like a religion. You can test theories like Lean Startup in your own practice, and discover if they deliver the outcomes they predict – and you can do it in small batches. You are the “hits&# that websites crave, the followers and the RSS subscribers.
Lessons Learned by Eric Ries Thursday, August 20, 2009 The Promise of the Lean Startup Im honored to have a guest post on GigaOm to introduce the concept of the lean startup to their audience. The ultimate goal of a lean startup is to identify where its vision intersects with what reality can accommodate.
After 20 years of working in startups, I decided to take a step back and look at the productdevelopment model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the productdevelopment model?
It should go without saying that this post is not advice, nor is it recommendation of what you should do, it’s simply my observation of how companies using Customer Development positioned themselves to successfully raise money from venture investors. Your presentation doesn’t have a single word about Lean Startups or Customer Development.
Guy Nirpaz Blog Thoughts from my startup journey Cloud load testing As a company which operates in the cloud space, we’re experimenting with building a productdevelopment company without any servers. You can follow any responses to this entry through the RSS 2.0 You can leave a response , or trackback from your own site.
In addition, I’ve used lean practices to run a productdevelopment for years now. Lean is all about creating value for customers while reducing unnecessary waste along the process of doing so. You can follow any responses to this entry through the RSS 2.0 Guy Nirpaz Blog. All rights reserved.
On the iPhone, it seems that two are driving most of the installs: the "newest apps" RSS feed (which may be combined with PR) and a primitive form of SEO, when people search the App Store for a specific kind of app. The Lean Startup Intensive is tomorrow at Web 2.0. Acqusition competition is how new apps get new customers.
Next, you have to deal with the daily crisis of productdevelopment and acquiring early customers. And here’s where life gets really interesting, as the reality of productdevelopment and customer input collide, the facts change so rapidly that the original well-thought-out business plan becomes irrelevant.
You can follow any responses to this entry through the RSS 2.0 This entry was posted on Friday, August 6th, 2010 at 4:53 pm and is filed under Random. You can leave a response , or trackback from your own site. You can leave a response , or trackback from your own site. Guy Nirpaz Blog. All rights reserved.
Lessons Learned is the best RSS source in my overflowing Newsgator Online account. The Lean Startup Intensive is tomorrow at Web 2.0. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Expo SF (May.
Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for productdevelopment activities inside the building and neatly integrates customer and agile development. Without the revenue to match its expenses, the company is in now danger of running out of money.
So, if you’re anything like me, your first startup will need to be self-funded and operated with a very lean budget. After all, sweat equity can make up for a trim marketing budget, but it would be hard to make up for cuts in productdevelopment and customer service without sacrificing customer experience. Knowledge is power.
He should then bootstrap his productdevelopment by using the consulting fees. David should use his credibility in capacity planning and convince a dozen customers to pay him consulting fees to solve their capacity planning problems.
He should then bootstrap his productdevelopment by using the consulting fees. David should use his credibility in capacity planning and convince a dozen customers to pay him consulting fees to solve their capacity planning problems.
If you’re a startup raising money or just want to see your name online, there’s not a better blog on the web. Steve Blanks 30 years of Silicon Valley startup advice.
This post describes how the traditional productdevelopment model distorts startup sales, marketing and business development. The Use of a ProductDevelopment Model to Measure Sales Using the productdevelopment diagram for startup sales activities is like using a clock to tell the temperature.
In future posts I’ll describe how Eric Ries and the Lean Startup concept provided the equivalent model for productdevelopment activities inside the building and neatly integrates customer and agile development. Market Type also affects the market size as well as how you launch the product into the market.
This series of posts is a brief explanation of how we’ve evolved from ProductDevelopment to Customer Development to the Lean Startup. The ProductDevelopment Diagram Emerging early in the twentieth century, this product-centric model described a process that evolved in manufacturing industries.
Lean Methodology Sources. Steve Blank on Lean Customer Development. Part 3- Lean Cust. Steve Blank’s Lean Startup Resources. Lean Startup Circle â?? Great for visualizing work of productdevelopment. Lean project management. agile product management. Lean Startup Machine.
Through trial and error, hiring and firing, successful startups all invented a parallel process to productdevelopment. I call this process “Customer Development,” a sibling to “ProductDevelopment,” and each and every startup that succeeds recapitulates it, knowingly or not.
It’s Not a Conversion Problem, It’s a Customer Development Problem. So What is Customer Development? Steve Blank, a serial entrepreneur in Silicon Valley, developed a methodology for creating businesses that runs in parallel with the traditional productdevelopment process. Website Analysis.
In an early stage startup, instead of sales being up front, the point departments are likely to be productdevelopment and customer development. Later on in this same company’s life, sales will become the pointy end and productdevelopment moves to a supporting role. Who’s on the Sharp End?
It is interesting to note that some advocates of lean management and accounting (including Waddell and Bodek in *The Rebirth of American Industry*) have a strong dislike of Sloan/Brown management cost accounting. Steve Blanks 30 years of Silicon Valley startup advice.
How to stay lean and iterate quickly while you’re building a two sided marketplace, especially when “network effect” and “critical mass” are the two main focuses? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. Subscribe via RSS.
AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of productdevelopment Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.
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