Going lean - an introduction to lean startup

so you have come up with a $100M idea and don't know where to start? This is a quick introduction to the Lean Startup method with links to resources that will get you on your way to success.

this is an annotated version of my presentation at Costa Rica Entrepreneurs on August 6th 2013.

Transcript

1. Going Lean from start to deliver @samiq
2. SO YOU WAN TO START?
3. A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty. Eric Ries (2011-09-13). The Lean Startup
4. IT’S AN ON GOING EXPERIMENT
5. SO STOP WASTING TIME
6. Our goal is to create an institution, not just a product.
8. change directions but stay grounded in what you have we have learnt
9. TIME TO SUCCESS IS PROPORTIONAL TO THE SPEED YOU GET TO FAILURES... SPEED WINS!
10. IT DOESN’T MATTER IF YOU MADE IT!
11. IF YOU MADE IT ALONE :(
12. AND SO COMES THE LEAN REVOLUTION
13. The expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination Lean manufacturing
14. The customer is the most important part of the production line. W. Edwards Deming
15. waterfall agile lean advance to next stage line of working code validated learning problem: known solution: known problem: known solution: unknown problem: unknown solution: unknown unit of progress vs problem/solution
17. @ericries
18. YOU START WITH A VISION
20. YOU GET YOUR MVP
21. NOT THIS MVP
22. Minimum Viable Product
23. IT CAN BE AS SIMPLE AS A WEBSITE
24. OR BUILD SOMETHING SIMPLE
25. experiment to see if you can improve the metrics from the baseline towards the ideal
26. http://g.samiq.co/11MIAZs FOCUS ON ACTIONABLE METRICS
28. TUNE THE ENGINE
29. when experiments reach diminishing returns, it’s time to pivot
31. weekly yearly 1% 1.7x 2% 2.8x 5% 12.6x 7% 33.7x 10% 142.0x http://g.samiq.co/16zZvjD GROWTH
32. how do we know when to pivot? vision or strategy or product? what should we measure? how do products grow? are we creating value? what’s in the MVP? can we go faster?
35. buy buy buy buy buy buy
36. buy
37. buy
38. go read