Startup Lessons Learned

MARCH 3, 2009

Lessons Learned by Eric Ries Tuesday, March 3, 2009 Employees should be masters of their own time Every startup should have a culture of learning. The rule is simple: every employee is 100% responsible for how they spend their time. The suggestion is that you implement one single company-wide rule. I asked why.

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Employee San Francisco Lean Software Review 146

Startup Lessons Learned

DECEMBER 1, 2014

He was a very early employee of Facebook , and engineering director there through the moment it blew up. Companies of note Learn from companies that have been through the fire--and have lessons to share. Aditya Agarwal has lived through startup hypergrowth--twice. Now he’s VP of engineering at Dropbox , where he’s seeing similar growth.

Lean 165

Lean Fractional CTO Part-Time VPE Fractional VPE 165

Startup Lessons Learned

MARCH 24, 2009

Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. What good are these metrics if they dont help guide product or business decisions?

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Metrics San Francisco Lean Viral 88

A Smart Bear: Startups and Marketing for Geeks

JULY 2, 2013

Never mind managing consultants or employees! But yes, in the words of Ben Horowitz , “Some employees make products, some make sales; the CEO makes decisions.” Yes, except if you don’t listen to what customers are telling you to do, you’ll build a product no one wants to use. No employees.

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Cofounder Startup Founder Engineer 312

Steve Blank

JUNE 26, 2015

To move innovation faster, we now have 21 st century tools — Business Model Canvas , Customer Development , Agile Engineering – all adding up to a Lean Startup. Filed under: Big Companies versus Startups: Durant versus Sloan , Customer Development , Science and Industrial Policy. Fast forward to today.

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Lean Management Business Model Incubator 120

Steve Blank

APRIL 2, 2009

Metrics – Mine is Bigger Than Yours The first thing SuperMac needed to do was to change how our potential color desktop publishing customers viewed our products versus our competitors’ products. As hokey as it is, when confronted with uncertainty or unknowns, human beings like to be reassured by comparative metrics.

Silicon Valley 124

Silicon Valley Technical Review RSS Software Review 124

Startup Lessons Learned

JANUARY 30, 2009

Insist on the incredibly high-IQ employees and hold them to incredibly high standards. It never generated positive returns for its investors, and most of its employees walked away dejected. This company had disciplined schedules, milestones, employee evaluations, and a culture of execution. Build a truly mainstream product.

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San Francisco Lean Agile Continuous Deployment 150

Startup Lessons Learned

OCTOBER 16, 2013

But we couldn''t have identified this without having clear metrics (that high bug count) to assess our development process. On Customer Development in a growing company, Wyatt offered the following advice: Wyatt: We''ve employed a number of systems in the organization that keep all of us close to the customer.

Lean 167

Lean Startup Software Engineering Agile 167

Up and Running

DECEMBER 6, 2012

” Blank’s main innovation here is what he calls Customer Development, which is a methodology for learning and validating market needs through detailed customer communication and follow up. These metrics should be reviewed at least monthly in a regular planning meeting with key business partners and employees.

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Startup Lessons Learned

OCTOBER 11, 2013

Among other themes they covered: the conditions under which established companies implement Lean Startup; the hindrances and incentives they face; what individual employees can do to implement the methodology; and how to protect a company’s core business from the potential impact of experimentation. But you’re not going to your core business.

Lean 167

Lean Silicon Valley Agile Cofounder 167

Steve Blank

APRIL 9, 2009

Department Mission Statements – What am I Supposed to Do Today It wasn’t that we somehow had inherited dumb employees. And the results weren’t the traditional PR metrics of number of articles or inches of ink. We were constantly creating metrics to see the effects of different PR messages, channels and audiences on end-user purchases.

Silicon Valley 259

Silicon Valley Technical Review RSS PR 259

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. They measure their success on metrics that reflect success in execution, and they reward execution.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

JUNE 23, 2016

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. These metrics make it difficult for a company that wants to invest in long-term innovation. Filed under: Corporate Innovation , Customer Development.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

SEPTEMBER 14, 2009

In theory when you went public, everyone’s shares were now tradable on the stock exchange, but usually the underwriters required a six month “lockup” when company insiders (employees and investors) couldn’t sell. My own metric is that you need experience >= 1.5 Warning sign? Say 40 years = 20 years real direct experience.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Up and Running

MAY 23, 2016

The great thing about raising money after they’d already started was that they’d had time to validate their idea and start building a team of good employees. Noah Parsons says, “Start collecting contact information for interested, prospective customers. Step 8: Track your metrics. The benefits of tracking key metrics.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

APRIL 30, 2009

And the final lesson was that we were keeping score on our packaging with the wrong metrics – it wasn’t about awards, it was about sales in the retail channel. Hopefully you and your co-founders are experts in one or two parts (agile development, SEO/SEM, etc.) After that you’ve become a battle-hardened realist.

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Sales Silicon Valley RSS Las Vegas 120

Startup Lessons Learned

APRIL 14, 2009

Every board meeting, the metrics of success change. 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. Time-to-complete-a-sale is not a bad metric for validated learning at this stage.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

NOVEMBER 13, 2008

Hes a new employee, and he was not properly trained in TDD So far, this isnt much different from the kind of analysis any competent operations team would conduct for a site outage. Instead, five whys kept leading to problems caused by an improperly trained new employee, and wed make a small adjustment. why did that code get written?

Software Review 167

Software Review Technical Review San Francisco Continuous Deployment 167

Austin Startup

FEBRUARY 24, 2018

Much of the writing on startups focuses on two elements: finding product-market fit scaling the company once #1 is accomplished For product-market fit, we have a lot of source material to work with from the last decade: Steve Blank’s leadership on Customer Development , and Eric Ries’ on the Lean Startup ?—?along One example.

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Warrant Bootstrapping Framework Hiring 48

Startup Lessons Learned

OCTOBER 6, 2008

Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customer development. I think Drucker said it best.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

Steve Blank

NOVEMBER 21, 2016

The students “get out of the building” and test their hypotheses in front of potential beneficiaries using the Customer Development methodology, all while building and updating their Minimal Viable Products. At the same time, it’s a chance to expose some career State Department employees to Silicon Valley thinking.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

The students “get out of the building” and test their hypotheses in front of potential beneficiaries using the Customer Development methodology, all while building and updating their Minimal Viable Products. At the same time, it’s a chance to expose some career State Department employees to Silicon Valley thinking.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Startup Lessons Learned

MARCH 25, 2009

The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Startup Lessons Learned - the Conference (April 23.

Agile 60

Agile Lean San Francisco Continuous Deployment 60

Startup Lessons Learned

MARCH 27, 2009

Customer Development : a disciplined approach to finding out if there is a market for your product before its too late. Customer Development Engineering : techniques for accelerating your product development. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Steve Blank

OCTOBER 21, 2012

She suggested that how cofounders fight was a key metric in predicting the success of a founding team. You’re looking for an employee, not a partner. Filed under: Customer Development , Family/Career/Culture. She suggested that I was missing one of the key attributes of what makes successful startup teams powerful.

Cofounder 329

Cofounder IPO Early Stage Green 329

Startup Lessons Learned

JULY 2, 2009

For example, I often cite a real example of a problem that has as its root cause a new employee who was not properly trained. I pick that example on purpose, for two reasons: 1) most of the companies I work with deal with this problem and yet 2) almost none of them have any kind of training program in place for new employees.

San Francisco 164

San Francisco Lean Technical Review Software Review 164

Startup Lessons Learned

JULY 28, 2010

With 21 employees today, kaChing is devoted to recruiting professional managers and finding product/market fit , first for money managers, then for consumers. With 21 employees today, kaChing is devoted to recruiting professional managers and finding product/market fit , first for money managers, then for consumers.

San Francisco 158

San Francisco Lean Continuous Deployment SEC 158

Startup Lessons Learned

MAY 7, 2009

We eventually discovered (via five whys ) that we also had to get each new employee acculturated to a fearless way of thinking. Because this was such a big cultural change for most new employees, we didnt leave them to sink or swim on their own. For one, it required us to keep our developer sandbox setup procedure simple and automated.

Continuous Deployment 131

Continuous Deployment San Francisco Software Review Lean 131

Startup Lessons Learned

MARCH 17, 2009

The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Startup Lessons Learned - the Conference (April 23.

Lean 76

Lean San Francisco Web Continuous Deployment 76

Startup Lessons Learned

OCTOBER 4, 2008

That institution will touch many people in its life: customers, investors, employees, and everyone they touch as well. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? No departments The Five Whys for Startups (for Harvard Business R.

San Francisco 155

San Francisco Technical Cofounder Fractional CTO CTO 155

Startup Lessons Learned

SEPTEMBER 27, 2010

Its easier to believe in a glorious future when you have only zeroes, for everyone: founders, investors, and employees. No vanity metrics should be looked at. Its easier to believe in a glorious future when you have only zeroes, for everyone: founders, investors, and employees. No vanity metrics should be looked at.

San Francisco 167

San Francisco Lean Continuous Deployment Software Review 167

steveblank.com

JULY 8, 2011

Reply steveblank , on September 16, 2009 at 7:00 pm said: Greg, The Google Group “Lean Startup Circle&# at [link] is a wonderful repository of Customer Development/Lean Startup success and failure. It’s more reference material. Thus, these pages. I’ll add more as time goes on.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Startup Lessons Learned

MARCH 13, 2009

Do some Customer Development instead. They spend so much of their time trying to convince everyone around them that their idea is great and the company is doing well: employees, investors, partners, friends, family, significant others - its a long list. Know what the success metrics are for the launch.

San Francisco 168

San Francisco PR Lean Early Stage 168

Startup Lessons Learned

SEPTEMBER 30, 2008

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. No departments The Five Whys for Startups (for Harvard Business R.

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

How many employees would a medium-sized business have in your definition? Jason: If I’m managing my whole business with this tool, I don’t have 100 employees. I do think that most of my customers are small/medium businesses. They have many, many man-years of development and customer development in them.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Startup Lessons Learned

SEPTEMBER 10, 2008

I would add, though, a further question: Do new employees write code on their first day? So if an employee pushed code that broke the site, wed ask: why didnt our cluster immune system catch that? The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Completely necessary.

Software Review 144

Software Review Technical Review San Francisco Continuous Deployment 144

David Teten

SEPTEMBER 23, 2017

An investor had few hard metrics other than the actual financials, and little technology to make the process scaleable. Over the past few decades, better metrics became available, and investors could take a more analytical, data-driven approach. ” Historically, investing was a manual, artisan process.

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Private Equity Venture Capital Equity Technical Review 60