Realistic Strategies For Funding Product Development

Startup Professionals Musings

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology.

Prioritize Product Development by the Four Stages of Use

Instigator Blog

When prioritizing feature development I like to think of a product in four pieces: Ongoing Engagement, Onboarding, First User Experience and Marketing/Growth. These are actually the steps a user goes through during their lifecycle with your product (listed in reverse). Think of your product less in terms of features and more in terms of the […]. Product Management

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Data is an Input and a Filter into the Product Development Process

Instigator Blog

data analysts, scientists, product managers, etc.) Recently I spoke at CrunchConf in Budapest. It was a great experience. The conference is fantastic for people interested in data (e.g. Having said that, I’m not a data scientist. I don’t spend the bulk of my time storing, organizing and sifting through data. I’m not smart enough for […]. Lean Analytics

The Principles of Product Development Flow

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, July 13, 2009 The Principles of Product Development Flow If youve ever wondered why agile or lean development techniques work, The Principles of Product Development Flow: Second Generation Lean Product Development by Donald G.

Make The Best Decisions During Product Development

Inc Startups

Product development is a dangerous time for early startups. There are a lot of chances to make company killing decisions. This is how you survive

How to get more from your product development teams

The Next Web

This post is brought to you by Jama Software – reinventing product delivery by changing how products are conceived, built and launched. When you’re managing product development for large, complex organizations, employee engagement can be a major challenge.

Kathy Sierra: Building the minimum Badass User, Business of Software. A masterclass in thinking about software product development.

Business of Software Blog

Not only some of the smartest advice anyone has given about how to approach software development, there is also a trick that is guaranteed to make you feel more confident, more powerful and more in control of what you do. So everyone starts out with this some variation of this: we want our product to be desirable. Because the world is full of “Great product; didn’t sell.” And this is true even for companies where the product actually costs a lot of money.

How Hands-On Should CEOs Be With Product Development?

Inc Startups

Some Apple employees say Tim Cook is less hands-on in developing products than his immortal predecessor. It shouldn''t matter

4 Myths Debunked About Outsourced Product Development

Inc Startups

If you think outsourced product development could compromise quality or IPR, you're far from the truth. Don't fall for the hearsay

How My 5 Question Survey Saved Me Time And Resources In Product Development

Entrepreneurs-Journey.com by Yaro Starak

The Great Money-Making Idea Since I was satisfied with the level of traffic I was getting, and with the amount of value I was able to share with the world, it was time to take it to the next level – releasing a paid product.

Essential Development Questions for Startups: The Questions Founders Need to Answer for Product Development, Web Strategy, Marketing, and More

Early Growth Financial Services

Many of these founders have talked with several developers or development firms about their plans. Still, if you’ve not heard these questions from a developer, they are not helping you as much as they should.

MVP Is Not The Smallest Collection Of Features You Can Deliver

Street Smart Product Manager

As product people in the non-startup world familiarize themselves with Lean Startup concepts, there’s a lot of discussion and confusion about what is and isn’t an MVP. The post MVP Is Not The Smallest Collection Of Features You Can Deliver appeared first on Street Smart Product Manager. Worse, many execs and CEOs have latched on to the term without really understanding what truly constitutes an MVP — in effect, they use it as a buzzword, and as […].

When I built products the stupid way

Street Smart Product Manager

The post When I built products the stupid way appeared first on Street Smart Product Manager. New Product Development Product Development Product Management agile innovation leanIn 2007, ProductRepair (name changed), a market leader in its industry, was facing some serious threats: A rapidly maturing business. New “digitally native” entrants with greatly enhanced data collection abilities.

RIP PRDs. Long Live “Agile Conversations”

Street Smart Product Manager

Many of my free product help calls are about ways to pursue customer development and gather VOC, bootstrap new product efforts, and apply lean principles to product management activities. Long Live “Agile Conversations” appeared first on Street Smart Product Manager.

Agile 31

Business Development vs. Product Management

The Product Guy

In a recent live stream from one of our mentors of The Product Mentor , Chris Butler, lead a conversation around “Business Development vs. Product Management”. We are always looking for more product mentors from all around the world. About The Product Mentor.

No, I Can’t Give You A Roadmap For Our New Product (Yet)

Street Smart Product Manager

A fellow product manager that’s working on a new product idea recently wrote to me: “Common feedback I receive from our our engineers and executives is they don’t have a good grasp of the product vision. The post No, I Can’t Give You A Roadmap For Our New Product (Yet) appeared first on Street Smart Product Manager.

Demystifying consumer hardware product development

VentureWoods

While there is a great deal of excitement generated by new consumer products – smart glasses, activity trackers, smart watches, arm bands and companies that make them – jawbone, google, square, leap motion, etc, entrepreneurs and investors still are shy of venturing into the space.

The Big Mistake People Who Have Never Made Money Online Fall For Over And Over Again

Entrepreneurs-Journey.com by Yaro Starak

Blogs & Blogging Business Strategy Entrepreneurship Internet Marketing Fundamentals Make Money Online Marketing, Business & Entrepreneurship common business mistake how to sell marketing a product new business product development startup

Create Your Business Case Using Customer Development

Street Smart Product Manager

A few weeks ago, I spoke at the Modev MVP Conference and the Lean+Agile DC Conference about using a bootstrapped Customer Development approach to pursuing a new product idea in an existing company.

If You’re Not Selling ‘This’ You’re Leaving Money On The Table

YFS Magazine

Grow Marketing & Sales business ideas consulting product development solopreneur solopreneurshipWhen your 16-year-old son inquires on the availability of an old couch in the basement, you know you’re in trouble.

MVP Is Not The Smallest Collection Of Features You Can Deliver

Street Smart Product Manager

As product people in the non-startup world familiarize themselves with Lean Startup concepts, there’s a lot of discussion and confusion about what is and isn’t an MVP. The post MVP Is Not The Smallest Collection Of Features You Can Deliver appeared first on Street Smart Product Manager. Worse, many execs and CEOs have latched on to the term without really understanding what truly constitutes an MVP — in effect, they use it as a buzzword, and as […].

The Keys To Productive Brainstorming

Street Smart Product Manager

In fact, doesn’t “brainstorming meeting” … Continue reading The Keys To Productive Brainstorming. The post The Keys To Productive Brainstorming appeared first on Street Smart Product Manager. New Product Development brainstorming creativity innovationLet’s face it: brainstorming has gotten a bad rap. And deservedly so. How many of us have been part of a “brainstorming meeting” that turned out to be a total waste of time?

10 Things To Do To Appear ‘Innovative’

Street Smart Product Manager

I’ve worked at such companies, and I’ve helped many product managers working at such companies through my free product help calls. As such, I’ve seen companies that are actually trying to be innovative, and those that seem more … Continue reading 10 Things To Do To Appear ‘Innovative’ The post 10 Things To Do To Appear ‘Innovative’ appeared first on Street Smart Product Manager.

Do You Have A Problem Worth Solving?

Street Smart Product Manager

In order to pursue any product idea — a new product, or a new feature for an existing product — you must make sure it’s a problem worth solving. appeared first on Street Smart Product Manager. Business Cases Lean Startup New Product Development Product Development Product Management business case market sizing market validation validated learning

10 Things To Do To Appear ‘Innovative’

Street Smart Product Manager

I’ve worked at such companies, and I’ve helped many product managers working at such companies through my product help calls. The post 10 Things To Do To Appear ‘Innovative’ appeared first on Street Smart Product Manager. Enterprise New Product Development Organization corporate innovation enterprise innovationBeing “innovative” is all the rage nowadays.

Lean & Startup Patterns – Interview with Sam McAfee

Grasshopper Herder

Q: What are the differences between Agile Software Development and Lean Software Development? A: At the highest level, the difference between Agile and Lean software development is mainly […]. Lean Startup Teamwork & Leadership lean manufacturing lean product development lean startup(Sam McAfee is the Chief Technology Officer of POPVOX and author of Startup Patterns. I reached out to chat about his approach on Lean, startups and teamwork.

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The Product Development Model « Steve Blank

Steve Blank

This product development diagram had become part of the DNA of Silicon Valley. Were startups failing because of product failures or was there some other failure mode? That’s in stark contrast to the traditional Product Development Model where it’s expected a customer is already there and waiting and it’s simply a matter of [.] Reply Best books for the lean product managers — Justin Gibbs , on April 28, 2009 at 2:44 pm Said: [.]

The Top Strategies For Doing Customer Interviews That Get You Real Insights

Street Smart Product Manager

We all know a core responsibility of a product manager is to constantly and consistently bring in the customer perspective into the business. That means the ability to effectively interview customers is a critical skill for every product manager.

The Most Important Thing You Need For Your Product To Succeed

Street Smart Product Manager

Have you ever felt like there is no clear direction for your product? That your product can do a lot of things, but it’s hard to articulate exactly what it does in just a few short sentences? Maybe your product is trying […].

Using Customer Development To Create The Business Case For Your New Product

Street Smart Product Manager

Many of my product help calls are from folks frustrated with being able to pursue a new product in an existing company. As painful and frustrating as it is, many successful product people I’ve … Continue reading Using Customer Development To Create The Business Case For Your New Product. The post Using Customer Development To Create The Business Case For Your New Product appeared first on Street Smart Product Manager.

10 Signs You Have What It Takes To Be An Inventor

YFS Magazine

Plan creativity innovation Intellectual Property invention inventors patents product development starting a businessWhat differentiates those who do have the bones of an inventor from us regular people? See if you’ve got what it takes to invent.

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 force that allows startups to build products at parity with much larger companies - cheaper and much faster. In the end, I believe they co-created our product with us.

The Curse of Knowledge in Product Design

Instigator Blog

(Powered by LaunchBit ) You know your product best. You know what’s coming next in the product roadmap. Startups are often struck by the Curse of Knowledge, specifically when it comes to product design and development. It becomes so easy to design products based on our own expertise (in those very products) and ignore the fact that we’ve stopped designing with our customer top of mind. Product Management product design product development

4 Practical Ways To Improve Your Online Courses And Training

YFS Magazine

Grow Marketing & Sales employee training online courses online learning online training product developmentOnline education comes with many benefits, but one of the greatest objections to e-courses and employee training is "but what about the practical training?".

Bootstrapping A Startup Product In Your Company

Street Smart Product Manager

Many of my product help calls are from folks frustrated with being able to pursue a new product in an existing company. As painful and frustrating as it is, many successful product people I’ve met have […].

How To Streamline Your Product Development Process

Street Smart Product Manager

By Emily Hunter Many businesses are sustained and driven by product development. From small businesses to multinational corporations, the creation of new products is vital to market survival, especially in a world where trends, likes, and dislikes appear to change on an almost daily basis. Because of the swiftly changing market, many businesses have looked … Continue reading How To Streamline Your Product Development Process.

Why There Will Never Be Another Red Hat: The Economics of Open Source

Peter Levine

As revenue began to roll into Red Hat, a race began among startups to develop an open source offering for each proprietary software counterpart and then wrap a Red Hat-style service offering around it. Product roadmaps and requirements are often left to a distributed group of developers.

Being Responsive is Critical for Successful Customer Development

Instigator Blog

Most customers tolerate products with missing features that they need (or think they need!) You have to learn and understand if that happiness will translate into ongoing product use. Responsiveness can mask all sorts of product issues. Responsiveness eases tension, impresses people (because they’re not used to it), and changes how people perceive the product they’re struggling with and the entire company that makes the product.

The Dirty Dozen Product Roadmap Roadblocks

Street Smart Product Manager

In my last post on defining an MVP in corporate innovation, I talked about how best practices in garnering stakeholder buy-in for product roadmaps espoused by Bruce McCarthy can be used as a framework for the same when defining an MVP in an “internal” startup product. The post The Dirty Dozen Product Roadmap Roadblocks appeared first on Street Smart Product Manager.

9 common mistakes developers make

The Next Web

And developers – who, like just about everyone else on the team, get into a habit of putting out fires all day – can get caught up focusing on the wrong thing and consequently, create problems for the company. There is a lot to be said about a minimum viable product.