Misinterpreting the lean startup theory can actually lead you to failure.
Tag Archive: Lean Startup
How technology and Minimum Viable Product tests can (and can’t) help a fashion company succeed.
Lean methodologies offers a structure where you can perform a series of tests, measure the results, review what contributed to success or failures before moving on…
By Poornima Vijayashanker (Founder, Femgineer)
Seems like everyone has heard the buzz about the Lean Startup movement, which was started over three years ago by Eric Ries. Yet I’m always surprised at the number of founders, product managers, and startup folks I meet who are struggling. Many have built and shipped products, some have even raised capital, but the one commonality amongst them all is they don’t fundamentally understand why they aren’t getting any traction. They’re stuck scratching their heads trying to figure out how to monetize.
After attending Lean Startup Machine L.A., I can say that the LSM model provides some of the most practical and focused guidance on how to define and launch a business that I’m likely to ever receive.
By Kelsey Greenberg (Co-Founder, Difference Lab)
My Lean Startup Machine (LSM) team was formed of two separate MuckerLab companies currently working on GetMeRated and Blayze. We were told that in order to get the most out of the experience, we shouldn’t work on our current products, but come up with something new.
Generate your business model hypothesis and validate.
The Minimum Viable Startup (MVS) on October 10, 2012 in Palo Alto is a custom all-day event to help entrepreneurs take the leap from viable product to viable startup and, along the way, avoid the most common mistakes made by entrepreneurs, which invariably leads to the same result – less upside for the founders on exit.
Women 2.0 members save 50% with discount code “W20oct” when you register here.
During a hackathon, we’re constantly evaluating whether “it’s worth it” on any given problem.
By Anna Billstrom (iOS & Facebook App Developer, Self)
Maybe, perhaps because I’m an English major, I tend to notice patterns in my speech.
I noticed recently that I keep saying the same phrases in discussions regarding mobile app development: secret sauce, no login, no back button, mentoring, phase 2, did the customer want that, don’t say user, and is it needlessly complex?
These discussions came up in hackfests, in client work, and in advising on technical projects. What the repetition of these phrases means to me, is that I need to reinforce certain
Build your first web startup prototype with Wix, Weebly, WordPress, etc.
By Anna Vital (Founder, Funders & Founders)
Over the last three years I have seen over a thousand startups in their early stages. I witnessed many of them go from an idea to funding within several months. I have also seen some of them fundraising for years and not getting anywhere.
When it comes to funding, there is one thing that can increase your chance of getting funded astronomically – traction. Yet, founders often struggle to get traction and hope that investor money will help them get it. This problem can be solved if you start lean, test your product and and gather meaningful feedback from your customers.
Think you’ve got the next big idea? Come to the Lean Startup Machine workshop and test it out! Bring your team, or come alone and new teams will form on Friday night.
We have one (1) FREE ticket to Lean Startup Machine to raffle away! Leave a comment below with why YOU deserve the ticket, and we’ll pick one winner by MIDNIGHT on April 15, 2012.
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
On February 14, Caterina Fake delivered the opening keynote at Women 2.0′s PITCH Conference stating the need and opportunity to “humanize technology before it dehumanizes us.” She underlined that “the Internet is built on a culture of generosity” and fear of missing out, urging the audience to build technology products that bring people together instead of driving them apart:
“Make it human, make it fun, work hard.”
Another keynote speaker, ZipCar co-founder Robin Chase emphasized having focus in product development:
By Shaherose Charania (Co-Founder & CEO, Women 2.0)
Always wanted to be your own boss? Want to be part of the solution and create jobs to boost our economy? Entrepreneurs are America’s greatest asset.
Only by thinking and big with your idea can you build a mammoth company that will create hundreds of much-needed jobs.
Here are 3 tips for entrepreneurial women starting high-growth companies:
#1: Think Big
By Hadiyah Mujhid (Co-Founder, Black Founders)
I often receive emails or view posts of the flavor, “I have an idea, I don’t know how to code, now what?”
This is my response for those who are curious about starting an web-based or software startup. (in no particular order):
By Ellen Pack (Co-Founder, AppSmitten)
The three of us sat around the table. We were pretty excited, but would we still love our latest startup idea in the morning? Well it turns out we did, this one had legs.
The idea had come to us naturally. We were hanging out with our smartphones, excitedly sharing new app discoveries with each other.
By Ipsheeta Furtado (Co-Founder & Consultant, FTW Group)
The butterflies in my stomach finally quietened and I felt at ease — our team completed a demo and a presentation that didn’t run over time. As Chung-Hay Luk and I sat down, I passed off my cue cards, not nervously fiddling with them anymore.
We participated at Hacking Health at UC Berkeley last Saturday. We were inspired with talks by industry leaders, motivated by mentors and volunteers, and energized by innovative ideas from designers, developers, and jack-of-all-trades that attended.
By Heather Payne (Head of Sales and Marketing, Pinpoint Social)
Date an entrepreneur. Date a girl who spends her money on iPads and web apps instead of trips to the mall. A girl who doesn’t mind being told that her idea isn’t going to catch on. One who’s kept a running list of things she’s wanted to change since she was a kid.
Learning to Be a Lean Startup: Interview with Elizabeth Yin of Recently Pivoted LaunchBit, an Ad Network for Email
By Cass Phillipps (Executive Producer, Failcon)
I had a chance to chat with Elizabeth Lin on the mistakes made in her first startup. She is now the CEO and Co-Founder of LaunchBit, an ad network for email. Learn more http://launchbit.com.
Cass Phillipps: Before LaunchBit, I’ve heard you founded and lost a fair amount of time and money on an unsuccessful startup. Can you give me a little bit of background on that?
Elizabeth Yin: I previously had a social shopping web application that my friend and I worked on for about 1.5+ years
By Kelley Boyd (Founder & Strategist, Think Experience)
My first experience at Lean Startup Machine (LSM) was also the first Lean Startup Machine ever held. It was just over a year ago, and I mean that literally. I walked into LSM at Hive at 55 and began relationships that I hold among the closest in my professional life today.
As an attendee at the first #LsmNYC, I absorbed firsthand guidance from two actual practitioners of Lean: Brant Cooper, Co-Author of The Entrepreneurs Guide to Customer Development, and Giff Constable, who was going “lean” with his startup Aprizi.
By Sue Kim (Founder, Dress Me Sue)
It’s been the most unexpected turn of events. I’ll start at the beginning.
Two years ago, I got bit by the startup bug and then proceeded through all manner of motions at entrepreneurship. One of my major mistakes was thinking one could do a startup on the side if one just worked hard enough. I first tried to juggle the startup alongside a consulting biz. Then shut down the biz in favor of a full-time job [fact: I actually thought this would work].
“Learn not to add too many features right away, and get the core idea built and tested.”
– Leah Culver (Co-Founder & CEO, Convore)
Leah Culver is a Django developer and serial entrepreneur in San Francisco. Her first venture Pownce was acquired in 2008 by Six Apart. Currently, she is now working on her second startup Convore, which she incubated in Y Combinator earlier this year.
She is on the frontpage of StartupQuote today!
Leah shares her startup lessons learned from Pownce and Convore.
By Leah Culver (Founder & CEO, Convore)
For my second startup Convore, I applied to Y Combinator because I wanted to be part of their alumni network. It’s a great way to test out a product — with thousands of Y Combinator alumni. Convore was accepted and part of the Winter 2011 group.
My motivations now are very different than when I just started doing startups. I’m not in startups for the money — there are a lot better things to make money on.
The reason I am doing startups personally is
By Elizabeth Yin (Co-Founder, LaunchBit)
First-time web entrepreneurs often tell me “Oh we’re moving really quickly, we’re launching in just 6 months.” Terrible flashbacks go past my eyes — A couple years ago, I remember saying the exact same thing to myself.
The trouble is that product traction isn’t just about getting a product out the door.
Your biggest competitor isn’t any company or individual — It’s time. It’s in the duration you have before you run out of money, morale, and the enthusiasm your significant other/family has for your endeavors.