How to be a great startup mentor

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HOW TO BE A GREAT MENTOR March 1st, 2017 @brantcooper @movestheneedle

Transcript of How to be a great startup mentor

Page 1: How to be a great startup mentor

HOW TO BE A GREAT MENTOR

March 1st, 2017

@brantcooper

@movestheneedle

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digital is transforming the world…

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competition is everywhere…

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customers are more agile than we are…

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our organizational systems and

structures are based upon the industrial age

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ENTREPRENEURIAL SPIRIT

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SEARCHEXECUTEon the known in the unknown

Measure tasks Measure impact

Continuous Improvement Reinvention

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WHAT IS LEAN?

LEAN:Reduction of waste in producing known value (Customer, problem, solution known)

LEAN STARTUP: Reduction of waste in discovering new value (Customer, problem, solution unknown)

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3 E’s OF LEAN INNOVATION

E

Understanding our customers deeply; their

pains, passions and desires. Developing insights.

EMPATHY

E

Translating insights into action. Reducing risks through assumption

testing.

EXPERIMENTATION

E

Making decisions quickly based on insights and

actual customer behavior.

EVIDENCE

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© Moves the Needle All rights reserved

MENTORSHIP GOALS

Teach the skills

EDUCATEHelp remove barriers and

“have startups back”.

ENABLEBuild leaders.

EMPOWER

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MENTORSHIP COMMUNICATIONS

• Teach, don’t Tell

• Focus Your Advice

• Challenge Assumptions

• Beware Being a Domain Expert

• Teach how to be good mentees.

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MENTORSHIP BEHAVIORS

• Enforce evidence based decisions

• Failure is OK if learning

• Encourage being bold

• Admit when “don’t know”

• Walk the walk

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VALUE STREAM DISCOVERY WHERE SHOULD WE FOCUS?

PASSIONATESATISFIEDHOPEFULCONVINCEDTRUSTINGINTRIGUEDAWARE

Innovation • Don’t know what value to create

• For whom

• Or steps to execute

Hypothesize • Customer Behavior

• Business Activity

• How to measure

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VALUE STREAM DASHBOARD MTN EXAMPLE (FOR REFERENCE

PASSIONATESATISFIEDHOPEFULCONVINCEDTRUSTINGINTRIGUEDAWARE

150 15 5 3 3 2 1metricbehavior Landing Page Download Req proposal Sign contract Do pre-work Sign up again Referral

activityKeynotes LinkedIn Webinar

Sales email Sales call Collateral

Send proposal Negotiation Onsite visit

Kickoff call Pre-work doc

High touch

Bootcamps Accelerators

Toolkits

Ask for Testimonial Case study

Lead Magnet Tools

Case Studies

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THANK YOU!slides: gettalk.at/spirit www.MovesTheNeedle.com [email protected] @brantcooper