Remove Internet Remove Networking Remove Product Development Remove SEM
article thumbnail

Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

Paid - if your product monetizes customers better than your competitors, you have the opportunity to use your lifetime value advantage to drive growth. In this model, you take some fraction of the lifetime value of each customer and plow that back into paid acquisition through SEM, banner ads, PR, affiliates, etc.

article thumbnail

Lessons Learned: The lean startup

Startup Lessons Learned

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

Lean 168
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lessons Learned: Customer Development Engineering

Startup Lessons Learned

In a startup, both the problem and solution are unknown, and the key to success is building an integrated team that includes product development in the feedback loop with customers. 2008 09 06 Eric Ries Haas Columbia Customer Development Engineering View SlideShare presentation or Upload your own. Talk about waste.

article thumbnail

How to listen to customers, and not just the loud people

Startup Lessons Learned

This was 2004, and we had never even heard of MySpace, let alone had any understanding of social networking. It required hearing customers say it over and over again for us to take a serious look, and eventually to realize that social networking was core to our business. But the early customers all compared it to MySpace.

article thumbnail

Lessons Learned: Great open source scalability tools from Danga

Startup Lessons Learned

Spray files across cheap disks on your network. Thoughts on scientific product development Lo, my 5 subscribers, who are you? For tips on how to integrate it into your database and application layers, you can see the tail-end of my JIT Scalability talk. MogileFS - "Distributed (meta) file system. Pay less for storage.

article thumbnail

How to get distribution advantage on the iPhone

Startup Lessons Learned

If you sell an online service that solves a defined problem, you can compete in SEO or SEM. If everyone I know is using a specific product, in most markets thats a heavy influence. And in some markets its decisive, because of well-known network effects (as happened with Microsoft, eBay, and many others).

article thumbnail

Lessons Learned: Throwing away working code

Startup Lessons Learned

We picked those numbers by counting up the numbers of friends, family, and relatives we thought we could cajole into buying our early product. Ive told the story of how this desperation turned us on to Google AdWords in SEM on five dollars a day. Labels: product development 4comments: Doug said. Thank you Eric.