Lean startup 101

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Presentation to the MIT Startup Club November 21, 2011

Transcript of Lean startup 101

What’s a Lean Startup?(and why you should care)

Jason Evanish – MIT Startup Club – November 21, 2011

Who am I? Jason Evanish

• Co-Founder of

• Spent year + at

• Now – Leveraging customer development as a consultant & working on my next venture.

Agenda for today

• Lean Startups basics

• Lean Startup tools

• How to start today

A Tale of Fail

Lean Startups can help

Lean Startup 101: Get Outside the Building

Lean Startup 101: Test Your Assumptions

Lean Startups 101:Problems not Features

Lean Startup 101:Launch ASAP

Lean Startup 101:Learn + Build + Measure = Lean

How do you do it?

Lean Startup Tools:The Lean Canvas

www.LeanCanvas.com

Lean Startup Tools:The Customer Development Interview

1) Person

2) Problems

3) Your Solution

http://www.greenhornconnect.com/blog/how-structure-and-get-most-out-customer-development-interviews

Lean Startup Tools:Finding Customers to talk to

Lean Startup Tools:Getting interest *before* you build

Balsamiq.comKeynotopia.comMockflow.com

GoMockingbird.com

Unbounce.comLaunchrock.com

Bo.ltOptimizely.com

Lean Startup Tools:Measuring what you build

+

Now. Go!

“In God we trust,

all others bring data.”

- W. Edwards Deming

Embrace the Process

What I covered today

What else there is to learn about Lean Startups

Further Learning - Events

• Lean Startup Circle Boston– Monthly meeting featuring speakers and discussions

of important topics for lean startups

http://www.meetup.com/Lean-Startup-Circle-Boston/

• Startup Lessons Learned Conference– Annual Lean Conference (simulcast with Boston

viewing party)

http://www.sllconf.com/

Further Reading – Blogs I subscribe to

• Steve Blank, Godfather of Lean Startups

• Ash Maurya, Practitioner and action-oriented

• Dave McClure, Investor, advisor, badass

• Cindy Alvarez, Product manager at Kissmetrics

• Andrew Chen, Metrics and Customer acquisition expert

Further Reading – Helpful Presentations

• The Customer Development Methodology – by Steve Blank

• Startup Metrics are for Pirates – by Dave McClure

• The Top 10 Reasons to not be a Lean Startup– By Patrick Vlaskovits & Brant Cooper

• 20 Ways not to build stuff – by Cindy Alvarez

• How to recruit and interview potential customers – by Elizabeth Yin

• Building Your Customer Development Plan – by Cindy Alvarez

• Minimum Desirable Product: Customer Development for the “Winner Take All” Web – by Andrew Chen

Get in touch with me…

• Twitter: @Evanish

• Linkedin: http://www.linkedin.com/in/jasonevanish 

• Email: Jason@GreenhornConnect.com

100’s of Startup events, resources and jobs in Bostonwww.GreenhornConnect.com