Startup Lessons Learned

APRIL 14, 2009

Every board meeting, the metrics of success change. Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. And what of the product development team? Our cost to acquire a customer on AdWords was only a few cents. Go on an agile diet quickly.

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Startup Lessons Learned

SEPTEMBER 30, 2008

If the CEO wants to completely change the product in order to serve a new customer segment, you need someone in the room who can digest the needs of the new (proposed) business, and lay out the costs of each possible approach. In my mind, theyre racking up costs (one month for that part, two months for that other part, uh oh).

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Startup Lessons Learned

AUGUST 2, 2008

It costs not just the time of the actual meeting, but the time getting there and back, and the time preparing for it beforehand and thinking about it afterward. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.

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Startup Lessons Learned

NOVEMBER 7, 2008

We spent weeks working on this new product, racing the clock so it would be done in time for the real presidential debates. We had endless arguments internally about what features it should include, how the avatars should look, and how much it should cost. Just load them all in and choose a low cost-per-click. I used to use $.05,

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Startup Lessons Learned

NOVEMBER 4, 2008

It is becoming easier and cheaper for companies to bring products to market, leveraging free and open source software , cloud computing, open social data (Facebook, OpenSocial ), and open distribution (AdWords, SEO). Lean startups have the ability to use this commodity stack to lower costs and, more importantly, reduce time to market.

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Startup Lessons Learned

JANUARY 19, 2009

Lessons Learned by Eric Ries Monday, January 19, 2009 Lean hiring tips In preparing for the strategy series panel this week, I have been doing some thinking about costs. I want to talk specifics, and when you come right down to it, most technology startups dont have a very interesting cost structure.

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Startup Lessons Learned

FEBRUARY 20, 2009

Luckily, I now have the benefit of a forthcoming book, The Principles of Product Development Flow. Labels: five whys root cause analysis , product development 11comments: Peter Severin said. Its really helped me articulate my thinking on this topic, and includes an entire chapter on the topic of reducing batch size.)

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Startup Lessons Learned

SEPTEMBER 10, 2008

I am convinced one of Joel Spolskys lasting contributions to the field of managing software teams will turn out to be the Joel Test , a checklist of 12 essential practices that you could use to rate the effectiveness of a software product development team. He wrote it in 2000, and as far as I know has never updated it.

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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. Although it costs to pay down the principal, we gain by reduced interest payments in the future. One last thought.

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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. Thats why we need continuous integration and test-driven development.

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Startup Lessons Learned

SEPTEMBER 8, 2008

It cost us a few hundred thousand dollars to get our app up and running, but none of that was dollars spent on software licenses or professional services. I cant really imagine how much it cost our "grownup" counterparts at other dot-com startups to get their first app up and running. Looking back, that was a special moment.

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Startup Lessons Learned

AUGUST 24, 2009

As the costs of production fall, it’s getting easier and easier to send in a proposal or even a complete work. Despite all the energy invested in talking to authors about the size of their platform, very few gatekeepers have a rigorous set of metrics for measuring it. Ever-more artists and authors are petitioning them.

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Startup Lessons Learned

FEBRUARY 9, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. It uses principles of agile software development, open source and web 2.0, Startup Lessons Learned - the Conference (April 23. Amazon PostRank

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Startup Lessons Learned

JUNE 5, 2009

In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. As the product got better, we could see the rate getting closer and closer to the mythical “ one percent rule.&# If it costs $0.10 Even that early, it became clear that 4% was not an achievable goal. But $10.00?

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Startup Lessons Learned

NOVEMBER 8, 2008

Customer development is a parallel process to product development, which means that you dont have to give up on your dream. Our goal in product development is to find the minimum feature set required to get early customers. This is a common mistake. Startup Lessons Learned - the Conference (April 23.

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Startup Lessons Learned

JULY 3, 2009

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. Although there is cost and overhead associated with continuous deployment, the benefits are immense. Danger, Will Robinson.

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Startup Lessons Learned

MAY 27, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. It uses principles of agile software development, open source and web 2.0, Build a company-wide culture of decision-making based on real facts, not opinions.

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Startup Lessons Learned

SEPTEMBER 2, 2008

Or your cost of customer acquisition just magically floats up to match your customer lifetime value. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. we dont talk enough about how it feels. Amazon PostRank

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Startup Lessons Learned

MARCH 29, 2010

And do I still need to get out of the building if Ive got great metrics and surveys?" Of course, readers of this blog know that the lean in "lean startup" doesnt refer to cost, but - rather - to Lean Thinking. And do I still need to get out of the building if Ive got great metrics and surveys?" I think this is a fair question.

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Startup Lessons Learned

JUNE 15, 2009

In practice, how developers respond to this dilemma is determined by their incentives, which are driven by the culture of their team. Who will ultimately bear the cost of their mistakes? One of the distinctions that has helped at the executive level is to stress that you're reducing the COST of failure, rather then its PROBABILITY.

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Continuous Deployment Software Review San Francisco Lean 167

Startup Lessons Learned

APRIL 18, 2010

Truth: The Lean Startup method is not about cost, it is about speed. Lean Startups waste less money, because they use a disciplined approach to testing new products and ideas. Lean, when used in the context of lean startup, refers to a process of building companies and products using lean manufacturing principles applied to innovation.

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Software By Rob

NOVEMBER 16, 2009

Geoffrey Moore Author of Crossing the Chasm and four other books, Geoffrey Moore has been thinking about high-tech product development longer than most of have been doing anything on a computer. I wound up seeing Joel, but I never caught Paul when I lived in New Haven or Boston.

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Startup Lessons Learned

JUNE 17, 2010

And lastly, it removes the engineering team’s ability to find breakthrough solutions that might deliver most of the value at a fraction of the cost. And lastly, it removes the engineering team’s ability to find breakthrough solutions that might deliver most of the value at a fraction of the cost. Amazon PostRank

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Startup Lessons Learned

OCTOBER 5, 2010

It is the ultimate product development get-started guide to Lean Startup. But," you are sure to ask, "how much will all this bundling cost me?" It is the ultimate product development get-started guide to Lean Startup. But," you are sure to ask, "how much will all this bundling cost me?" Phew, Im exhausted.

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Startup Lessons Learned

MARCH 23, 2009

I started writing and teaching about shipping imperfect products a few years ago but this is a far better, practical and more powerful presentation. There is a lot to be said about the opportunity cost of perfection, iterative evolution and the difference between shipping a lemon and shipping a band aid. Amazon PostRank

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Startup Lessons Learned

AUGUST 8, 2009

In particular, we would cover customer development, continuous deployment, minimum viable product, and actionable metrics. Because of the cost and intensity of this program, it is designed for startups with significant venture backing or who have reached profitability. The cost is equivalent to an entry-level FTE.

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Startup Lessons Learned

MAY 17, 2009

Last I heard from the venue, there are still some seats available; the ticket cost is only $25 if you register online. The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. You can register online here.

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Startup Lessons Learned

AUGUST 3, 2009

We have to manage to learn something from our first product iteration. In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. Refreshing to finally see lean and agile thinking emerge in product/business-floors and not only in technology. Great Post - could not agree more.

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Startup Lessons Learned

JANUARY 27, 2009

Here the key is for your free customers to get value from the site that is greater than the costs they perceive by the fact that youre selling access to them. When the goals not clear, I think you wind up with situations that are essentially value-destroying, where free users are actually driving up costs. Amazon PostRank

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Startup Lessons Learned

SEPTEMBER 19, 2009

In my presentation this morning, I emphasized three key areas: reducing the personal cost of failure for entrepreneurs, innovation-friendly legal reforms, and access to the digital means of production (slides from my White House presentation are available at the end of this post). Startup Lessons Learned - the Conference (April 23.

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Startup Lessons Learned

AUGUST 18, 2009

Expo NYC , immediately followed by an event or two in Boston - details to be announced. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Ill announce details as soon as they are confirmed. I really value both.

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Startup Lessons Learned

OCTOBER 19, 2009

"We do not develop a product until we get a paying customer," says Orit Pennington , who co-founded the six-employee company with her husband in 2002. Development time is typically no more than two to three weeks, and it generally takes just a few orders to cover development costs. Read the rest. Read the rest.

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San Francisco Product Lean Continuous Deployment 137

Startup Lessons Learned

FEBRUARY 28, 2009

I used to think that investments in metrics were a form of waste. Customers dont care if you have good metrics, only if you have a good product. The only reason we learned the art of metrics-based decision making at IMVU was out of necessity. But code written that doesnt help the company succeed is a sunk cost.

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Startup Lessons Learned

JANUARY 6, 2009

The first event is January 21, and is being put on by Dealmaker Media as part of their Strategy Series events: In the Trenches: Cutting Costs in a Tight Economy. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.

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San Francisco Continuous Deployment Lean DC 60

Startup Lessons Learned

JANUARY 11, 2009

Starting with Facebook s developer program, social networks are all jumping on the apps bandwagon. Those apps are generating even more page views, making it quite affordable to buy application installs (which is a cost-per-action ad that requires the user to install the app before the action is considered complete). Amazon PostRank

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Startup Lessons Learned

JUNE 12, 2009

So far, we have limited registration at the workshops to people who can afford the admittedly high cost of entry. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Take a look and let me know what you think.

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Startup Lessons Learned

MARCH 27, 2009

While some cost-cutting measures reduce that number, others increase it. In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. Otherwise, cutting costs just leads to going out of business a little slower. Getting started with split-testing and the one-line split-test.

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