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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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How much does it cost to build the world’s hottest startups?

The Next Web

Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. Werdelin equates building a successful product to building a nightclub. 4) WhatsApp. 8) Angry Birds.

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How to Build a Startup Team

techcocktail.com

be the manager and product developer). As you grow, think about the right timing for bringing on more people with specific roles, but remember – hire slow, fire fast. As Tony Hsieh of Zappos pointed out during his DCWEEK visit, bad hires have accounted for millions of lost dollars through the years.

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. 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.

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Why vanity metrics are dangerous

Startup Lessons Learned

If you never have, you can create your own using Google Finance. If you never have, you can create your own using Google Finance. Have you ever built one of those charts that shows a metric over time, annotated with "key events" that explain what happened to the numbers at key inflection points? Go ahead and try it, then come back.

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Lessons Learned: The engineering manager's lament

Startup Lessons Learned

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. Good luck, engineering manager. It was painful for a lot of people.

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What is a startup?

Startup Lessons Learned

Yet, the real stories of successful startups are full of activities that can rightly be called institution-building: hiring creative employees, coordinating their activities, and creating a company culture that delivers results. The word institution connotes bureaucracy, process, even lethargy. How can that be part of a startup?