Startup Lessons Learned

SEPTEMBER 7, 2008

Lessons Learned by Eric Ries Sunday, September 7, 2008 Customer Development Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. I havent had to work this model under those conditions, so I cant say anything definitive.

Customer Development 131

Customer Development Engineer San Francisco Developer 131

Startup Lessons Learned

NOVEMBER 8, 2008

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? When we build products, we use a methodology. Steve Blank has devoted many years now to trying to answer that question, with a theory he calls Customer Development. a roadmap for how to get to Product/Market Fit." Theory of market types.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Gust

APRIL 27, 2014

Software Development Process via Wikipedia. Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Startup Professionals Musings

MAY 30, 2022

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Growth is more than simply repackaging existing products, and adding bells and whistles or slick incentives. Hire more help than helpers. Keep delivering something new and fresh.

Mezzanine 368

Mezzanine Private Equity Bandwidth Metrics 368

Spencer Fry

DECEMBER 16, 2019

I've chosen to continue to lead product, but I've given up almost all of my responsibilities in regard to marketing and support. New hiring responsibilities. We now have three managers (marketing, support, and development) who each run their own teams and their own 1:1s and are responsible for their “area” of the company.

CTO Hire 44

CTO Hire Wiki Product Development Matching 44

Startup Lessons Learned

APRIL 29, 2013

The Lean Startup Conference is an event by entrepreneurs for entrepreneurs—except that our definition of “entrepreneur” may be different from the one you have in mind. Eric has talked often about recognizing a startup as an organization designed to create a new product or service under conditions of extreme uncertainty.

Lean 165

Lean Technical Review Startup Software Review 165

Hearpreneur

NOVEMBER 29, 2020

It’s definitely an inspiring time! 18- The fact that as business is developing, you develop as well. Knowing your own business and running it helps you in developing each day. And I really like the fact that with my business developing, I am developing as well. Thanks to Jace Beeny. #18-

Entrepreneur 140

Entrepreneur Artificial Inteligence Technical Review LLC 140

Startup Professionals Musings

SEPTEMBER 1, 2019

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Growth is more than simply repackaging existing products, and adding bells and whistles or slick incentives. Hire more help than helpers. Keep delivering something new and fresh.

Mezzanine 244

Mezzanine Private Equity Startup Bandwidth 244

Duct Tape Marketing

NOVEMBER 9, 2022

7:15] How do you manage the fact that somebody is hiring you to do marketing, but you can’t really do marketing if you don’t get into every aspect of their business? [10:20] 12:52] How do you help somebody understand the importance of brand development? [15:17] How'd we get to here? John Jantsch (04:40): Right.

Marketing 76

Marketing Differentiation Sacramento Small Business 76

Steve Blank

MAY 14, 2012

The excerpts, which appeared first at Inc.com , highlight the Customer Development process, best practices, tips and instructions contained in our book. ———– Whether your venture is a new pizza parlor or the hottest new software product, beware: These nine flawed assumptions are toxic.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Steve Blank

SEPTEMBER 10, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. As a result, the standard product development model is not only useless, it is dangerous.

Customer Development 196

Customer Development Developer Customer Silicon Valley 196

Startup Lessons Learned

APRIL 14, 2009

Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. Their product development team is hard at work on a next-generation product platform, which is designed to offer a new suite of products – but this effort is months behind schedule.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

JULY 9, 2010

And that narrow definition of entrepreneurship doesn’t count all of the managers inside established companies who are effectively engaged in the same process of building an internal startup (see What is a startup? for my more expansive definition). for my more expansive definition). What motivates all these entrepreneurs?

San Francisco 161

San Francisco Management Founder Lean 161

Startup Lessons Learned

SEPTEMBER 22, 2008

Examples of this are well-known, and (in my definition) include any product that causes new customers to sign up as a necessary side-effect of existing customers normal usage: Facebook, Myspace, AIM/ICQ, Hotmail, Paypal. Beware the new hire who has "extensive experience" in startups or big companies - using a different growth driver.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Startup Lessons Learned

SEPTEMBER 30, 2008

We lack a consistent and clear definition of the job. When Ive asked mentors of mine who have worked in big companies about the role of the CTO, they usually talk about the importance of being the external face of the companys technology platform; an evangelist to developers, customers, and employees. What made them exceptional?

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Startup Lessons Learned

JULY 29, 2009

Like a financial debt, the technical debt incurs interest payments, which come in the form of the extra effort that we have to do in future development because of the quick and dirty design choice. Startups especially can benefit by using technical debt to experiment, invest in process, and increase their product development leverage.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

Startup Lessons Learned

OCTOBER 20, 2008

Lessons Learned by Eric Ries Monday, October 20, 2008 The engineering managers lament I was inspired to write The product managers lament while meeting with a startup struggling to figure out what had gone wrong with their product development process. And this was a huge product, which took years to develop.

Software Review 164

Software Review Engineer Management Technical Review 164

Startup Professionals Musings

MAY 4, 2014

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Manage human resources.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

YoungUpstarts

OCTOBER 1, 2018

Though most founders would agree culture is important in an organization’s success, it often takes a back seat to product development and generating a profit in the early stages of an organization’s life. The founder and first hires have overcome obstacles and understand the behaviors that prove to lead to success.

Cofounder 113

Cofounder Hiring Leadership Employee 113

www.lanceglasser.com

MAY 13, 2012

Definitions of common financial terms. Product development. Queuing theory and product development. The Essential Product Investigation Phase Gate. So you want to ship the product early? To further this vector, many companies have business development report to the CTO. Let the Games Begin!

CTO 40

CTO CTO Hire Technical Review Architecture 40

YoungUpstarts

JANUARY 25, 2012

The Effective Executive: The Definitive Guide to Getting the Right Things Done by Peter Drucker. Hire With Your Head: Using Performance-Based Hiring to Build Great Teams by Lou Adler. Winning at New Products: Accelerating the Process from Idea to Launch, Third Edition by Robert G. The Halo Effect by Phil Rosenzweig.

Merger 228

Merger Leadership Design Management 228

Startup Professionals Musings

SEPTEMBER 13, 2017

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Growth is more than simply repackaging existing products, and adding bells and whistles or slick incentives. Hire more help than helpers. Keep delivering something new and fresh.

Mezzanine 141

Mezzanine Private Equity Startup Bandwidth 141

Startup Professionals Musings

NOVEMBER 3, 2013

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Growth is more than simply repackaging existing products, and adding bells and whistles or slick incentives. Hire more help than helpers. Keep delivering something new and fresh.

Mezzanine 240

Mezzanine Private Equity Bandwidth Metrics 240

Steve Blank

NOVEMBER 18, 2010

That’s the definition of insanity. Now the company is in crisis mode because the rest of the organization (product development, marketing, etc.) Business Model Design and Customer Development Stack. The alternative to the traditional product introduction process is the Business Model Design and Customer Development Stack.

Burn Rate 247

Burn Rate Management Business Model Customer Development 247

Startup Professionals Musings

JANUARY 31, 2013

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Manage human resources.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

Startup Lessons Learned

JUNE 15, 2009

If youre looking for resources on getting started, see " Continuous deployment in 5 easy steps ") The goal of continuous deployment is to help development teams drive waste out of their process by simultaneously reducing the batch size and increasing the tempo of their work. How severely is failure punished?

Continuous Deployment 167

Continuous Deployment Software Review San Francisco Lean 167

femgineer.com

JULY 18, 2010

HOME About the Femgineer Speaking Engagements Reading List Recruiting Startup Engineers With the startup market taking off, there is always a clamor to find good engineers, developers, and designers. I think its important to keep that in mind rather than always trying to covet a rock star developer with a proven track record.

Engineer 41

Engineer Software Review Startup Technical Review 41

Startup Professionals Musings

SEPTEMBER 7, 2011

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Manage human resources.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

Startup Lessons Learned

JULY 3, 2009

Yet, I think this definition is too important to leave out. davemcclure : amazing concepts on Continuous Development => "Cluster Immune System" @EricRies #LeanStartup @fbFund [link] dalelarson : Because most features take longer to argue and prioritize than to build. Use some customer development to find out.

Lean 60

Lean San Francisco Continuous Deployment Cofounder 60

Startup Lessons Learned

NOVEMBER 17, 2008

Strategy - startups first encounter this when they have the beginnings of a product, and theyve achieved some amount of product/market fit. Your comment about the Innovation/R&D phase that it's hard to predict has definitely proven true in my experience. What is customer development?

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

www.informationarbitrage.com

FEBRUARY 24, 2010

This is not only sad but incredibly frustrating, because it is so easy to see how a great technology can be developed and commercialized if only - if only the CTO hadn't been impulsive and insecure and brought on a business partner too early in the game. I am a business person, not a technologist. So my advice to CTO / Founders?

CTO Hire 40

CTO Hire Founder Cap Table Vesting 40

Version One Ventures

FEBRUARY 21, 2019

Question 1: How do you run experiments for product development in a two-sided marketplace? Bala: Without going into all the details of “ Controlled Experimentation ”, let’s start with the problem statement that we can’t run traditional A/B experiments in marketplace products. Want to learn more?

San Francisco 133

San Francisco Metrics Demand Austin 133

Startup Professionals Musings

AUGUST 1, 2010

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Manage human resources.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Startup Professionals Musings

FEBRUARY 4, 2015

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Growth is more than simply repackaging existing products, and adding bells and whistles or slick incentives. Hire more help than helpers. Keep delivering something new and fresh.

Mezzanine 120

Mezzanine Private Equity Startup Bandwidth 120

Women Entrepreneurs Can

JULY 12, 2019

Whilst it is not the cheapest thing to invest in, it is definitely one of the most beneficial. If you are thinking of hiring staff to join your team but you don’t know where to start, you may want to consider investing in personnel services. Invest In Product Development And Research. Invest In Personnel Services.

Social Media 40

Social Media Product Development Media Design 40

Transformify

NOVEMBER 19, 2019

Rachael, hiring freelancers is still seen as risky by many entrepreneurs, especially early on. We have great experience hiring freelancers and the success is credited to strategically recruiting individuals who view their gig work as a creative outlet from their nine to five careers. Definitely. What is your opinion?

Hiring 45

Hiring Social Media Portfolio Employee 45

The Equity Kicker

JULY 16, 2015

In the first couple of months the focus should be on making sure the idea is valid, requiring the following activities: Development of the company vision and strategy. First iteration of the product vision. Design and development of landing pages and prototypes. Develop brand values and core messaging.

eCommerce 60

eCommerce Burn Rate Early Stage Hiring 60