Peter Diamandis Grit… So Important! by Peter Diamandis: An overnight success… after 10 years of hard work… That’s the story for my founding XPRIZE and co-founding Zero-G. It’s also the story of AirBnb, Instagram, Pinterest and a lot of other startups. How to Structure Good Hypotheses for Your Lean Startup Crafting good hypotheses for your startup is hard.1 Most people focus on solutions rather than problems. That leads to a ton of products getting launched with zero traction.; the all-too-common “solutions looking for problems.”5 A good hypothesis is important because it leads to good experimental design. Good experimental design is important because you need it to properly validate or invalidate what you’re doing. A good hypothesis needs to be written down.1 It’s amazing how few people to do it, but the simple exercise of writing things down is significant. Just do it.
Lean Startup Lean startup is a methodology for developing businesses and products. The methodology aims to shorten product development cycles by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning. The central hypothesis of the lean startup methodology is that if startup companies invest their time into iteratively building products or services to meet the needs of early customers, they can reduce the market risks and sidestep the need for large amounts of initial project funding and expensive product launches and failures.[1][2] History[edit] Although the lost money differed by orders of magnitude, Ries concluded that the failures of There, Inc. and Catalyst Recruiting shared similar origins: "it was working forward from the technology instead of working backward from the business results you're trying to achieve
Blog Lean Spark 59 Last time, I outlined the thought process behind the Lean Stack and provided a 3000-foot overview of the toolset. In this post, I’m going to dive a little deeper into the process flow and end with a concrete case-study. The Lean Stack MVP – A Different Approach A lesson from Instapaper: The freemium model is doomed – VentureBeat News of Pinterest’s acquisition of Instapaper received a bittersweet reaction from users of the latter. Many fear an imminent change in the level of the team’s dedication and a drop in customer service, leading to eventual shut down. Pinterest and other giants have a history of “killing” apps they acquire. This was, for instance, the fate of a former competitor of Instapaper — Iceber.gs — a visual bookmarking startup that shut down right after Pinterest bought it. The Pinterest - Instapaper deal does not come as a surprise, not only because the two are both in the field of organizing content, but also because of Instapaper’s freemium business model. Given the generosity of the free product offering, users had little incentive to pay for it.
How-To: Find Your Lean Startup Hypothesis « David Kullmann Lately I’ve been speaking with quite a few entrepreneurs about applying lean startup methods to their business and many are having difficulty finding their hypothesis. It’s hard to hone in on the proper scope the hypothesis should test, focusing on a macro-hypothesis such as “people will buy things online” is pointless as it’s already proven, and focusing on a micro-hypothesis such as “this link should be on the left instead of the right” will cause paralysis of analysis. So what’s the right hypothesis for a new business or initiative? 1.
Product Validation - 5 Strategies To Validate Your Product Ideas Coming up with a product idea for your new online business can be difficult. More difficult still is building the confidence to make the jump and go through with your idea once you do have one. Will anyone care? Will anyone buy it? The 10x Product Launch 269 Flares4059386270--×269 Flares x Access to videos, talks, and worksheetsInvitation to private Google Plus CommunityJoin in on live Q&A webinars and fireside chats From Google Ventures: How To Hire The Best Designer For Your Team Finding the perfect designer to join your team is tough—there’s no way around it. I’ve struggled for months searching for the right designer. And if you’re an engineer or MBA without a background in design, hiring a designer can be daunting, frustrating, or even downright scary.