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Why vanity metrics are dangerous

Startup Lessons Learned

Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. In this post, Id like to talk about the perils of vanity metrics. My personal favorite vanity metrics is "hits."

Metrics 167
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Lessons Learned: Validated learning about customers

Startup Lessons Learned

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
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Fear is the mind-killer

Startup Lessons Learned

In the case of an entrepreneur pitching for finance, its the same fear that has them putting on a facade and not comfortable in what they do and dont know that will see them a long way off getting funded. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

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Lessons Learned: Refactoring yourself out of business

Startup Lessons Learned

Compounding is not a process that most people find intuitive, and thats as true in engineering as it is in finance, so it requires a lot of encouragement in the early days to stay the course. Only one occasion was a substantial rewrite justified based on performance metrics. Its a version of the law of compounding interest.

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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. Startup Lessons Learned - the Conference (April 23.

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Join the Conversation at The Lean Startup Conference – Three Ways To Participate

Startup Lessons Learned

What you’ll see at all of our events —whether on the stage, in the workshops , at a mentoring session , or in the site visits —is something other than conference regulars pitching presentations on the usual themes. And that’s not to mention the advice for very early-stage companies on topics like getting your first users, or choosing metrics.

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Lessons Learned: The engineering manager's lament

Startup Lessons Learned

Cost and time are effectively absolutes (The Caretaker's high finance schenanigans and 20th century Physics aside). The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Quality is an abstraction of value, and value of service (or changes) is situated in human contexts.