LeanerStartupHK | Intro to Lean Startup

Presentation at LeanerStartupHK with the basic concepts of Lean Startup

Transcript

1. 24 June 2014, Hong Kong Welcome Leaners!
2. "There are no secrets to success. ! It is the result of preparation, hard work, and learning from failure" Colin Powell! US Secretary of State, ! four-star general of US ARMY
3. @ferMartin
 http://linkedin.com/in/fermartin
4. Startup
5. http://www.entrepreneur.com/article/231072
6. http://www.entrepreneur.com/article/231072
7. http://www.entrepreneur.com/article/231072
11. The Real WorldTM
12. “Five Reasons 8 Out Of 10 Businesses Fail” www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/
13. “The Venture Capital Secret: 
 3 Out of 4 Start-Ups Fail” http://online.wsj.com/news/articles/SB10000872396390443720204578004980476429190
14. “Ariadne, it’s a illusion" Inception, 2010
15. Why???
16. Building Successful Startups
 is
 Really Hard
17. They build products 
 nobody wants
18. They focus on technology
 instead of product value
19. Focus on execution not your idea
20. IDEAS are just a multiplier of http://sivers.org/multiply
21. How to execute better?
24. LeanStartup Principle #1 Entrepreneurs are EVERYWHERE You don't have to work in a garage to be in a startup
25. LeanStartup Principle #2 Entrepreneurship is MANAGEMENT A startup is an institution, not just a product ! It requires a new kind of management
26. LeanStartup Principle #3 Validated LEARNING Startups exist to learn how to build 
 a sustainable business. 
 This learning can be validated scientifically 
 by running experiments
27. LeanStartup Principle #4 Innovation 
 Accounting how to measure progress how to setup milestones how to prioritize work
28. LeanStartup Principle #5 Build, Measure, Learn Turn ideas into products measure how customers respond learn whether to ! Pivot or Persevere
29. 24 June 2014, Hong Kong Thank you