This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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."
Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.
In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Startup Lessons Learned - the Conference (April 23.
The Lean Startup Wiki (hosted by long-time lean startup pbWorks) contains a number of resources, including links to case studies , meetups, tools , and people who have volunteered to help. Its a wiki, feel free to consume and enhance it. Its a wiki, feel free to consume and enhance it. April 23, 2010 in San Francisco.
Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. Unfortunately, its easy to lose track of positioning effects when optimizing for a single metric.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Focus on the output metrics of that part of the product, and you make the problem a lot more clear. To promote this metrics discipline, we would present the full funnel to our board (and advisers) at the end of every development cycle. Max Levchin of Slide and Paypal has noted that 10% of Slides headcount is devoted to metrics only.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
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. I'm hoping we'll get this hosted on a wiki soon.)
I used to think that investments in metrics were a form of waste. Customers dont care if you have good metrics, only if you have a good product. The only reason we learned the art of metrics-based decision making at IMVU was out of necessity. that justify decisions already made. I think it was $350 the next, and so on.
Leading up to a pivot, each cycle, despite our best efforts, the metrics werent good enough. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. I was stuck between a rock and a hard place. It was painful.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
If youre interested in contributing a case study for publication here, consider getting started by adding it to the Lean Startup Wiki case study section. I try and follow a formalized Five Whys process (using our internal wiki) for every error. I try and follow a formalized Five Whys process (using our internal wiki) for every error.
We started with a simple wiki page with a few bullet points of things that new engineers had tripped over recently. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. In fact, at IMVU, we did exactly that.
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. When you think a certain feature will give a 50% boost to a given metric, and it only eeks out a 5% boost, you cant spin that as failure. March 9, 2009 8:35 AM Eric said.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
dalelarson : "Metrics are people, too." leanstartup ericnsantos : #w2e #leanstartup Metrics should be Actionable, Accessible and Auditable. Metrics are a key questions startups face. Metrics are people too" is a reminder I constantly needed when I was a manager. ericries s talk on Lean Startups absolutely fantastic.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
At least, not in the traditional sense of trying to squeeze every tenth of a point out of a conversion metric or landing page. Even if it shows improvement in some micro metric, does that invalidate the overall design? That was evident in the metrics and in the in-person usability tests. No one feature is to blame.
I propose the following metric: inclusion at the South by South West (SXSW) Conference ! One promising direction involves leveraging established wiki techniques crowdsource raw data, in a way that supports collaboration over the structure and schema of the data as well as its values and instances. Mainstream for whom?
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
No vanity metrics should be looked at. No vanity metrics should be looked at. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. No press should be allowed. No press should be allowed.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Every board meeting, the metrics of success change. Time-to-complete-a-sale is not a bad metric for validated learning at this stage. The key to making progress as a startup is validated learning about customers; defining the customer both in terms of interests and also metrics. And yet, their investors are frustrated.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
Inspiring ideas: real-time biz metrics; safe continuous deployment; A/B split testing. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Articulate, inspirational. Learned a lot and enjoyed the discourse.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
As a shoestring entrepreneur with a SaaS (well, not really, but sort of) offering that we present to very large companies (think 10K+), I love your common sense suggestions about metrics and testing. My background isnt metrics, but we came to it as a matter of practicality. 4) More posts about metrics, scaling, and online games.
Behind this analysis is a spreadsheet model, complete with detailed metrics for a set of customer behaviors that show just how valuable the new product will be. They are on-schedule and on-budget, but their gross metrics are way off. They are on-schedule and on-budget, but their gross metrics are way off.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Why vanity metrics are dangerous What is Lean about the Lean Startup? Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23. Bring your questions.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content