Product/Market Fit and Lean Analytics

Instigator Blog

In the last couple weeks I’ve read a few great blog posts about product/market fit and the confusion that exists around what it really means. I’d say for many early stage startups, product/market fit is thought of as that point in time when you’ve finally built a product that people use and it’s time to […]. Lean Startup

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Lean

A VC : Venture Capital and Technology

And on wednesday night I spoke to the NYC Lean Startup Meetup with the help of Giff who interviewed me. Eric and his fellow lean advocate Steve Blank have both written at length about the methodologies associated with the lean startup approach. But the most interesting part of the discussion on wednesday night for me was when Giff asked me about a comment I had made that "you need more than a lean methodology, you need a lean culture."

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Trending Sources

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. Reducing product turn time. The Lean Start-Up Environment.

Reuniting Product Management and Lean UX

Grasshopper Herder

We product managers have let ourselves be put into smaller product owner boxes. Product Management User Experience lean UX user experience We''ve been focused on process when the biggest risks are about markets.

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Machine Learning Meets the Lean Startup

Steve Blank

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Later entrants who miss that wave have to build real products that people want to buy. Lean LaunchPad Teaching

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Lean in Larger Organizations – Interview with Jay Badenhope

Grasshopper Herder

Jay Badenhope (Senior Product Manager of JustAnswer) leads product teams that experiment and build things to solve meaningful customer problems. I reached out to him to chat about his approach to implementing lean startup in large- and mid-size companies. You can find him on Twitter or LinkedIn) Q: What is the difference between running lean in a very large vs. […].

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Lean Market Research for Startups

VC Cafe

Eric Reis John Mullins Lean Market Research Lean Startup Lean Startups Marc Andreessen Market Research Product-market-fit Steve Blank 5 forces 7 domains john mullins Market research Market Sizing product-market-fit steve blank swot

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What type of lean startup experiment should I run?

Grasshopper Herder

Lean Startups Product/Market Fit Customer Development experiment design survey When I was studying marketing I had an arms length list of research techniques like conjoint analysis, surveys, and focus groups.

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Living Lean

Grasshopper Herder

Lean Startup is not easy. Now I''m a Lean Startup." Lean Startups Managing Entrepreneurship Minimum Viable Product MVP It sounds easy when you hear Eric talk. "I''ll I''ll put up a launchrock page! Sorry. it doesn''t work like that.

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The Rudder Fallacy – Adopting Lean Startup

Grasshopper Herder

In a lean startup, team velocity proceeds measurable product progress. Lean Enterprise Lean Startups Managing Entrepreneurship adopting lean startup agile velocity metrics Before there is velocity, no measurable progress can be seen on any metrics dashboard.

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Office of Naval Research (ONR) Goes Lean

Steve Blank

Now they are starting to use the Lean Innovation process (see here and here ) to turn ideas into solutions. Dual-use” products reduce the cost for defense adoption of products. Lean Innovation is a Process. government federal research agencies to turn ideas into products.

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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

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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

—– Lean Innovation Management. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. Lean Is the Language of Corporate Innovation.

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Machine Learning Meets the Lean Startup

Steve Blank

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Later entrants who miss that wave have to build real products that people want to buy. Lean LaunchPad Teaching

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The National Geospatial Intelligence Agency Goes Lean

Steve Blank

We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. The NGA has adopted Lean Innovation methods to make this happen.

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Top 10 Benefits Of Lean

YoungUpstarts

Lean is a methodology that can be applied to all disciplines of knowledge work to increase business efficiency, agility, and visibility. Due to its roots in manufacturing, Lean is often equated with the elimination of waste, but this view of Lean misses the mark on realizing its true value.

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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. Certain products or services are very sticky, in part because of the lock-in users experience.

The Four Parts of a Minimal Viable Product

Grasshopper Herder

Isn''t an MVP just a bare bones product? If people sign up for our MVP, that means we''ve got Product/Market Fit, right? Lean Startups Minimum Viable Product Product/Market Fit product/market fit storyboarding

The Four Parts of a Minimum Viable Product

Grasshopper Herder

Isn''t an MVP just a bare bones product? If people sign up for our MVP, that means we''ve got Product/Market Fit, right? Lean Startups Minimum Viable Product Product/Market Fit product/market fit storyboarding

Lessons Learned Launching a Lean Startup Accelerator

Instigator Blog

Year One Labs is a Lean Startup accelerator. I believe it’s one of the first of its kind, with a very heavy focus on customer development and a rigorous Lean Startup process. We’ve learned a lot launching a startup accelerator, and particularly one focused on a Lean Startup methodology.

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How To Run A Lean Product Team

Inc Startups

A lean product team will run circles around a want to be visionary

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Experimenting with Product, Price and Market

Instigator Blog

Every startup has to experiment with product, price and market to find the right combination that allows them to scale and win. Last week I wrote about product/market fit […]. Lean Startup But if you find yourself experimenting with all three at the same time, you need to take a step back and evaluate where you’re really at.

The Lean LaunchPad Educators Class

Steve Blank

The Lean LaunchPad entrepreneurship curriculum has caught fire. Eric’s insight was that traditional product management and Waterfall development should be replaced by Agile Development. It’s called the Lean Startup. We teach this in the Lean LaunchPad Educators Class.

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Lean Government

Startup Lessons Learned

2) All video from the SXSW Lean Startup track is now available for free. Second, it was the day after the first SXSW Lean Startup track, and I was exhausted. Later that day, Todd Park presented a keynote at the SXSW Lean Startup track. Todd's presentation talked about real-life specific examples of times and places they have put Lean Startup principles into action inside the world's largest bureaucracy.

New Lessons Learned from Berkeley & Stanford Lean LaunchPad Classes

Steve Blank

Our Stanford and Berkeley Lean LaunchPad classes are over for this year, and as usual we learned as much from teaching the teams as the teams did from us. Second, the competitive slide enforces a modicum of due diligence on the product and market. (We Lean LaunchPad Teaching

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Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

Today the National Institutes of Health announced they are offering my Lean LaunchPad class ( I-Corps @ NIH ) to commercialize Life Science. clinical utility, customer, quality of data, reimbursement, what parts of the product are valuable, roles of CRO’s , and partners, etc.,)

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False Positives and Product / Market Fit

Grasshopper Herder

Lean Startup is hard. Which one of these tests will actually tell us if we have the fabled Product / Market Fit? Business Model Lean Startups customer development survey product/market fit startup marketing pyramid survey.io All we want is to build something people want.

The National Geospatial Intelligence Agency Goes Lean

Steve Blank

We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. The NGA has adopted Lean Innovation methods to make this happen.

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Getting Lean in Education – By Getting Out of the Classroom

Steve Blank

This week the National Science Foundation goes Lean on education by providing $1.2 National Science Foundation adopted my Lean LaunchPad class. The Lean LaunchPad/I-Corps model may accelerate that process. Filed under: Lean LaunchPad , National Science Foundation , Teaching.

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Lean product management

Google Ventures

What is Lean Product Management? Dan Olsen , a startup veteran and leading PM voice, discusses how to apply Lean Startup principles as a product person. Dan covers best practices in understanding customer needs, prioritization, UX design, user testing, and analytics that can be used to optimize your product. Product Management Dan’s Slides (PDF) ( portfolio only ).

Hacking for Diplomacy – Solving Foreign Policy Challenges with the Lean LaunchPad

Steve Blank

State Department and asks students to use Lean Methods to test their understanding of the problem and deliver rapid-fire innovative solutions to pressing diplomacy, development and foreign policy challenges. Hacking for Diplomacy is not a product incubator for a specific technology solution.

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Impact! NYU Scales the Lean LaunchPad

Steve Blank

NYU has adopted the Lean LaunchPad ® class as a standard entrepreneurship course across twelve different schools/colleges within the University. Over 1,000 students a year are learning lean startup concepts.

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The Lean LaunchPad Goes to Middle School

Steve Blank

While the Lean LaunchPad class has been adopted by Universities and the National Science Foundation , the question we get is, “Can students in K-12 handle an experiential entrepreneurship class?” They both attended our latest Lean LaunchPad Educators Class.

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An Overview of Lean Business Planning

Up and Running

A lean business plan does what every business owner and aspiring startup needs to manage strategy, tactics, execution, and essential business numbers. It stays lean and simple with just bullet points for essentials and a collection of lists and tables. Why lean? Why lean ?

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.

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This Will Save Us Years – Lean LaunchPad for Life Science

Steve Blank

We’re deep into week 2 of teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture capitalists. Filed under: Customer Development , Lean LaunchPad , Life Sciences.

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The Air Force Academy Gets Lean

Steve Blank

Todd Branchflower took my Lean LaunchPad class having been entrepreneurial enough to convince the Air Force send him to Stanford to get his graduate engineering degree. Here’s what we’ve noticed so far: In typical Lean Launchpad classes, students apply as teams with their own idea.

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How to Structure Good Hypotheses for Your Lean Startup

Instigator Blog

That leads to a ton of products getting launched with zero traction.; Customer Development customer development hypotheses lean startup writingTweet. Crafting good hypotheses for your startup is hard. Most people focus on solutions rather than problems. the all-to-common “solutions looking for problems.&# A good hypothesis is important because it leads to good experimental design.

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How To Build a Web Startup – Lean LaunchPad Edition

Steve Blank

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. How To Build a Web Startup – The Lean LaunchPad Edition. Here’s the step-by-step process we suggest our students use in our Lean LaunchPad classes. Set up the Lean LaunchLab or a WordPress blog to document your Customer Development progress.

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

Instigator Blog

data analysts, scientists, product managers, etc.) Lean AnalyticsRecently 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 […].