article thumbnail

Four Major Startup Stages That You Should Know About

YoungUpstarts

Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Prototyping usually means the initial working draft of the product idea.

Startup 113
article thumbnail

NextView’s Greatest Hits

View from Seed

” Below are our favorite pieces from the past few years, divided in to a few key categories: fundraising, company building, product development, industry trends, and the life of a VC. Why Do Consumer IPOs and B2B IPOs Get Treated Differently? So, we decided to aggregate NextView’s “greatest hits.”

Insiders

Sign Up for our Newsletter

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

article thumbnail

Embrace technical debt

Startup Lessons Learned

Startups especially can benefit by using technical debt to experiment, invest in process, and increase their product development leverage. The biggest source of waste in new product development is building something that nobody wants. Unfortunately, customers hated that initial product. One last thought.

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
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

Revisiting the Software Design Manifesto (and what's changed since.

Startup Lessons Learned

Let me quote an example that I used recently: Remember IMVUs initial IM add-on product? Unfortunately, when we realized the product design was not what customers wanted, we had to pivot to a new product. When we became a standalone network, it didnt matter how easy it was to add new networks, since we never did.

article thumbnail

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

Startup Lessons Learned

What those sites have in common (despite their very different audiences) is that something is causing their customers to become addicted to their product, and so no matter how they acquire a new customer, they tend to keep them. For Neopets, its simply a side-effect of their game-like product design. This has led to exponential growth.