How to be a great startup mentor
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Transcript of How to be a great startup mentor
HOW TO BE A GREAT MENTOR
March 1st, 2017
@brantcooper
@movestheneedle
digital is transforming the world…
competition is everywhere…
customers are more agile than we are…
our organizational systems and
structures are based upon the industrial age
ENTREPRENEURIAL SPIRIT
SEARCHEXECUTEon the known in the unknown
Measure tasks Measure impact
Continuous Improvement Reinvention
© Moves the Needle All rights reserved
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)
© Moves the Needle All rights reserved
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
© Moves the Needle All rights reserved
MENTORSHIP GOALS
Teach the skills
EDUCATEHelp remove barriers and
“have startups back”.
ENABLEBuild leaders.
EMPOWER
© Moves the Needle All rights reserved
MENTORSHIP COMMUNICATIONS
• Teach, don’t Tell
• Focus Your Advice
• Challenge Assumptions
• Beware Being a Domain Expert
• Teach how to be good mentees.
© Moves the Needle All rights reserved
MENTORSHIP BEHAVIORS
• Enforce evidence based decisions
• Failure is OK if learning
• Encourage being bold
• Admit when “don’t know”
• Walk the walk
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
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
THANK YOU!slides: gettalk.at/spirit www.MovesTheNeedle.com [email protected] @brantcooper