How Startups Can Keep Product Development Lean

YoungUpstarts

by Steve Owens, Founder and CTO of Finish Line Product Development Services. The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. In this article we explore the unique challenges of a lean start-up and how Outsourced Product Development (OPD) can be used to overcome them. Reducing product turn time. The Lean Start-Up Environment.

10 Strategies To Cover New Product Development Costs

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Lean & Startup Patterns – Interview with Sam McAfee

Grasshopper Herder

I reached out to chat about his approach on Lean, startups and teamwork. 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

Lean 176

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 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. Its quite simply the most advanced product development book you can buy. For example, take the lean dictum of working in small batches.

Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. It’s the antithesis of the Lean Startup. First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit).

Lean 259

Eric Ries and Kent Beck Discuss Product Development

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference. We’ve made some cool additions to our pre-conference webcast lineup , including two conversations with founding figures for methods that underlie Lean Startup. On November 14 (that’s this Thursday) at 1p PT, Eric Ries will speak with Kent Beck, a creator of Agile software development, about facilitating the work of engineers and product teams.

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. Its a key lean startup concept. Trying to learn more about lean startups?

[Review] The Lean Startup

YoungUpstarts

Creators of new products in environments of extreme uncertainty, startups face enormous risks. Enter “ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses “, a New York Times bestseller by founder of IMVU (creator of 3D avatars) Eric Ries. Through rapid experimentation, short product development cycles, and rigorous measurements of the right metrics, they can ascertain what customers really want.

Lean 154

Thoughts on scientific product development

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, September 22, 2008 Thoughts on scientific product development I enjoyed reading a post today from Laserlike (Mike Speiser), on Scientific product development. By embracing a scientific approach to product development, not only will your business have a much higher probability of success, but it will also be a more fun and creative place to work. By starting a new product off with as few features as possible (1?),

The Importance Of Keeping Your Startup Lean

YoungUpstarts

As a result, we need to give our little startups as much chance as possible to grow into healthy product and service shipping machines. This is where keeping your startup lean comes in. A lean startup only spends money on things it absolutely needs. I recently spoke with a friend of mine who runs a successful chain of Toronto Massage Companies who credits keeping her startup lean with much of her early success. Startup companies are fragile.

Lean 144

The National Geospatial Intelligence Agency Goes Lean

Steve Blank

We tend to associate the government with words like bureaucracy rather than lean innovation. A team from their Enterprise Innovation Office has joined us at NYU as observers at our 5-day Lean LaunchPad class, while another team is in Silicon Valley with the Hacking for Defense team learning how to turn their hard problems into partnerships with commercial companies that lead to deployed solutions. Department of Defense by adopting Lean Methodology inside their agency.

Lean 143

The National Geospatial Intelligence Agency Goes Lean

Steve Blank

We tend to associate the government with words like bureaucracy rather than lean innovation. A team from their Enterprise Innovation Office has joined us at NYU as observers at our 5-day Lean LaunchPad class, while another team is in Silicon Valley with the Hacking for Defense team learning how to turn their hard problems into partnerships with commercial companies that lead to deployed solutions. Department of Defense by adopting Lean Methodology inside their agency.

Lean 143

Lean Analytics

Startup Lessons Learned

Lean Analytics is the latest addition to the Lean Series. Similarly, a two-sided marketplace cares about different things from a traditional e-commerce product. Mark MacLeod, Chief Corporate Development Officer at Freshbooks, says that you need to get below a 5% monthly churn rate before you know you’ve got a business that’s ready to scale. Certain products or services are very sticky, in part because of the lock-in users experience.

Lean Startups aren't Cheap Startups

Steve Blank

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Lean Startups aren’t Cheap Startups A Lean Startup is not about the total amount of money you may spend over the life of your startup. Over its lifetime a Lean Startup may spend less money than a traditional startup.

Lean 168

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.

The Lean Startup Conference 2015

Startup Lessons Learned

A massive rain storm blew through San Francisco in the middle of last year’s Lean Startup Conference. Why You Should Join Us in 2015 Since 2011, The Lean Startup has helped countless ventures transform ideas into thriving businesses. Like previous years, the 2015 conference will feature 100+ expert speakers on topics ranging from corporate entrepreneurship to analytics, product development, engineering, sales, marketing, and design.

Lean 130

Lean Startup at Scale

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference. As Lean Startup methods have been used now for a number of years, we’ve become increasingly interested in how companies use them to sustain growth. We work in prototypically four-week iterations, with quality engineers and software developers working in close collaboration. During this period, the Palantir Gotham team grew from five developers to around 35.

Lean 131

What’s wrong with the lean startup methodology?

The Next Web

For the uninitiated, the Lean Startup methodology is a practice for developing products and businesses based on ‘validated learning’, getting customer feedback quickly and often. The objective is to eliminate uncertainty in the product development process. This practice has transformed the way companies are developed. Instead of building in isolation from users, startups regularly expose the product to customers throughout the development cycle.

Lean 123

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

What is Lean about the Lean Startup?

Startup Lessons Learned

Lessons Learned by Eric Ries Wednesday, December 16, 2009 What is Lean about the Lean Startup? The first step in a lean transformation is learning to tell the difference between value-added activities and waste. That foundational idea, so clearly articulated in books like Lean Thinking, is what originally led me to start using the term lean startup. I was giving my first-ever webcast on the lean startup. This value is evident in Lean Startups.

Lean 113

The Lean Startup Bundle

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, October 5, 2010 The Lean Startup Bundle People often ask me if they can buy "Lean Startup in a box" from me. People want to get started with Lean Startup but arent exactly how. Its called the " The Lean Startup Bundle " and it is available this week only. It is the ultimate product development get-started guide to Lean Startup. People want to get started with Lean Startup but arent exactly how.

Lean 122

Four myths about the Lean Startup

Startup Lessons Learned

Lessons Learned by Eric Ries Sunday, April 18, 2010 Four myths about the Lean Startup Myth: Lean means cheap. Lean startups try to spend as little money as possible. 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. Myth: The Lean Startup methodology is only for Web 2.0/internet/consumer software companies.

Lean 131

Amazing lean startup resources

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, January 12, 2010 Amazing lean startup resources A year ago, there was no lean startup movement. I continue to believe that the explosion of interest in the lean startup has very little to do with me. Beyond my own efforts on this blog ( and more ), there is now an amazing variety of resources for lean startup practitioners. If you are attempting to apply lean startup ideas in your own business - you are not alone.

Lean 117

For Corporate Innovation, Lean Startup Is Not Enough To Define Your MVP

Street Smart Product Manager

One of the biggest challenges product innovators in established companies face in defining an MVP is getting buy-in from internal stakeholders. Be they senior executives, peers, other departments, partners, or even your boss, corporate product innovators have multiple constituents to manage. The post For Corporate Innovation, Lean Startup Is Not Enough To Define Your MVP appeared first on Street Smart Product Manager.

Lean 33

The Lean Entrepreneur is here

Startup Lessons Learned

Last May, I shared the news that long-time Lean Startup advocates Brant Cooper and Patrick Vlaskovits were working on a new book called The Lean Entrepreneur featuring illustrations by FAKEGRIMLOCK. LitMotors approach to using Lean Startup to create a new vehicle category. The Embrace infant warmer was developed - by getting out of the country -- and how Rob Emrich learned and scaled his non-profit, Road of Life. The result: a new idea I called The Lean Startup.

Lean 131

How Lean Startup Principles Shaped My Business

Up and Running

The phrase “lean startup” comes up a lot in conversations about entrepreneurship. I’ve been to several panel discussions on the topic, had it taught to me in a business school classroom, and read a book dedicated to lean startup methodology. The ideas behind lean startups can be drilled down to a few straightforward ideas: Deploy resources stringently, incrementally proving out the assumptions that drive your business model. Product doesn’t sell itself in retail.

Lean 109

Lessons Learned: Lean startups vs lean companies

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, October 21, 2008 Lean startups vs lean companies Venture Hacks has a great article today on lean startups. They quote extensively from two of our most important thinkers: Taiichi Ohno , creator of the Toyota Production System, and Kent Beck , creator of extreme programming. But I do think it is a misconception of what lean startups are all about. Lean startups operate by a different standard.

Lean 101

The Lean Startup Book is here

Startup Lessons Learned

The Lean Startup Book is done. If you've been waiting for a comprehensive account of the Lean Startup and how it can help you achieve dramatically better business results, this is it. What really constitutes product/market fit? Readers of this blog know that entrepreneurship is rife with failure, and a big part of the Lean Startup method is to pivot rather than stubbornly launch and hope for the best. They are remarkably un-lean in the way that they work.

Lean 131

Lessons Learned: The lean startup

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. I like the term because of two connotations: Lean in the sense of low-burn. But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste.

Lean 132

Getting Engineers into the Lean Startup Cycle

Startup Lessons Learned

Guest post by Lisa Regan On August 20, Eric will sit down with developer and Hut8Labs co-founder Dan Milstein for a webcast you can join to discuss “Getting Engineers Into the Lean Startup Cycle.” This conversation will be a great opportunity for engineers and engineering managers to learn more about implementing Lean Startup ideas. How can engineers and leadership (and product and sales) realign around the right questions?

Lessons Learned: Lean hiring tips

Startup Lessons Learned

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. Fundamentally, lean startups do more with less, because they systematically find and eliminate waste that slows down value creation. In fact, unless you are adding capacity to a bottleneck in your development process, you probably should not be hiring at all. The Lean Startup Intensive is tomorrow at Web 2.0.

Lean 113

For Corporate Innovation, Lean Startup Is Not Enough To Define Your MVP

Street Smart Product Manager

One of the biggest challenges product innovators in established companies face in defining an MVP is getting buy-in from internal stakeholders. Be they senior executives, peers, other departments, partners, or even your boss, corporate product innovators have multiple constituents to manage. Somehow, you have to make everyone feel a part of the process without letting … Continue reading For Corporate Innovation, Lean Startup Is Not Enough To Define Your MVP.

Lean 21

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 […].

Key Questions for Bringing Lean Startup to Established Companies

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference. On October 8 at 10a PT, we’ll be talking about bringing Lean Startup methods to established companies, precisely the kinds of businesses that are most resistant to experimentation, even as they desperately need it. LSC: What do you see as the most common reasons that large companies give for why they don''t apply Lean Startup? So I’ll see internal development groups trying to apply Lean Startup methods.

Lean 131

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 37

Two new scholarship programs for lean startups

Startup Lessons Learned

Lessons Learned by Eric Ries Sunday, March 28, 2010 Two new scholarship programs for lean startups Thanks to the generosity of sponsors, Im pleased to be able to announce two scholarship programs for upcoming lean startup events. Im especially grateful to IMVU which is, after all, where I first experimented with many lean startup practices. Now the company is growing, profitable, and proving that lean startups can scale. Trying to learn more about lean startups?

The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. Every startup has some methodology for product development, launch and life-cycle management. Yet at the end of the day even with all these processes 9 out of 10 of new products are failures.

Lean Business: Office Space – A Meditation

crowdSPRING Blog

Not only should you take into account the type of products you produce or the services you provide, but you need to very carefully consider your company’s culture. On the other hand an important priority might be avoiding the rush-hour commute and the increased productivity that your workers may find by staying home to work in their pajamas. Related posts: Lean startups: Office space for the 21st Century. Lean vs. Mean – Small Business and Responsibility.

Lean 73

Lean Analytics: The Best Numbers for Non-Tech Companies

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference. Analytics spark more questions and discussion than almost any other aspect of the Lean Startup method. Alistair and Ben, co-authors of the book Lean Analytics, will help you sort it out in our next webcast, Lean Analytics for Non-tech Companies. It provides a basic introduction to analytics as they apply to Lean Startup, including sections on what metrics to use and how to interpret them.

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 […].

Using The Startup Way to Turn Big Orgs into Lean Startups

Startup Lessons Learned

Written by Misti Yang, Contributor for Lean Startup Co. In the opening paragraphs of Eric Ries’s upcoming book The Startup Way , Eric sets the scene: He arrived at GE in the summer of 2012 amidst a multi-hundred-million-dollar, five-year plan to develop a new diesel and natural gas engine. Today, she is senior faculty at Lean Startup Co. However, without embracing entrepreneurship, long-term growth driven by new products is unlikely.

Lean 102

Five Questions for Lean Content Creator Stephanie Hay

Startup Lessons Learned

Guest post by Lisa Regan, writer for The Lean Startup Conference, who has created content for a number of startups. In our ongoing exploration of how people actually implement Lean Startup methods in their workplaces, we’re asking practitioners to share their techniques. We’re starting here with a conversation about content with Stephanie Hay , the leading voice behind Lean Content , which she describes as “finding the ‘right’ words to acquire customers before building products.”

Lean 131