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Lessons Learned: Product development leverage

Startup Lessons Learned

Lessons Learned by Eric Ries Sunday, April 26, 2009 Product development leverage Leverage has once again become a dirty word in the world of finance, and rightly so. But I want to talk about a different kind of leverage, the kind that you can get in product development. Its a key lean startup concept. Yeah, weve got that.

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Datablindness

Startup Lessons Learned

You constantly assess the situation, looking for hazards and timing your movements carefully to get across safely. So the product development team was busy creating lots of split-tests for lots of hypotheses. Each day, the analytics team would share a report with them that had the details of how each test was doing.

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Finding Your Co-Founders

techcrunch.com

Other cities like New York, Boston, Seattle, LA and Austin TX also have pretty strong startup communities. More often than not, a startup/company fails because the product developed is not what the marketplace sought. But at the end of the day, it is about a product being accepted. Same with Pets.com?