Becoming a Lean Startup Guru

Becoming a Lean Startup Guru

1. 1) Building a Lean Startup

   • What is Lean Startup
     • New product/service + Eliminate waste = Low-burn startup
   • Case Study
     • Failed: BoxCloud
       • Launch first, then feedback - 80% efforts on new features - lots of metrics
     • succeeded: CloudFire
       • Gather feedback first - 20% efforts on new features - few key metrics
   • Test Everything
     • Less code, less delusion, less burn
     • More learning, reality checks, chances of success

2. 2) 3 Stages of Startup

   • Problem/Solution Fit
     • interview users to see if you have made the right hypothesis on the problem and the solution
   • Product/Market Fit,
     • build your solution into a product that people want and validate your business model
   • Scale/Growth
     • After validation, go viral

3. 3) How to build and optimize your lean startup

   • 1- Build
     • After problem/solution Validation, the next step is to build MVP
   • 2- Measure
     • use tools to measure and get data on each of your key features
   • 3- Learn
     • you will have acquired validated learning, go back to building and tweaking the features, repeat the cycle again

4. 4) Busting Lean Startup Myths

   • Lean doesn't mean you are frugal
     • better than spending millions of dollars to build a solution that people don't need
   • Lean isn't only for tech startups
     • It is about learning what customers want, and build that into a product with only the features solve their problems