Remove Audience Remove Continuous Deployment Remove PR Remove Product Development
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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.

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Beyond the garage

Startup Lessons Learned

And this year, we’re going to talk not just about business and product development, but we’ll be exploring one of the Lean Starutp movements next big frontiers: the role of design. I know this sounds foreign to many of you, and that we’ll have a few skeptics in the audience. No BS, no vanity metrics, no launches, no PR.

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How to Get Picked as a Speaker for The Lean Startup Conference

Startup Lessons Learned

1) Can you tell me more about your audience? Eric has talked often about recognizing a startup as an organization designed to create a new product or service under conditions of extreme uncertainty. You can give advice about applying Lean Startup ideas to business areas other than product development.

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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.

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Lessons Learned: Don't launch

Startup Lessons Learned

Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Product launch) In todays world, there is no reason you have to do these two things at the same time. Do some Customer Development instead.

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Learning is better than optimization (the local maximum problem)

Startup Lessons Learned

In fact, the curse of product development is that sometimes small things make a huge difference and sometimes huge things make no difference. When we’re optimizing, product development teams encounter similar situations. I mean, here we are, paying them to be there, and they won’t use the product!

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Stop lying on stage

Startup Lessons Learned

The higher the vanity ratio, the more effective the PR. It helps companies with PR. face an overwhelming incentive to say whatever it is that will sound good to their audience, regardless of whether it is true. And companies crave positive PR and control over their message – all for rational reasons.