This document discusses the Lean Startup methodology. It notes that the vast majority of new products and startups fail. The Lean Startup approach was developed by Eric Ries to help startups search for a scalable and profitable business model through experimentation and customer feedback. It advocates developing a minimum viable product and using the build-measure-learn process to continually pivot based on learning. The Lean Startup principles of validating learning and innovation accounting are also summarized.
2. Disclaimer
These are my personal opinions on the subject and in no way represent
that of my employer.
3. Facts
9/10 New Products Fail !!
Source - http://business-powerpack.com/why-9-out-of-10-new-products-fail
75% of all Startups Fail !!
Source- HBR Review – Why the Lean Start-up changes Everything – May 2013
In a Startup, the chance of anything good is always under 50% !!
Source- http://www.slideshare.net/startuplessonslearned
5. Product Development to Customer Development
Associate Professor at Stanford University
Has participated in 8 high tech Startup as
either a cofounder or an early employee
2003
HBR Review – Why the Lean Start-up changes Everything – May 2013
6. Business Model Generation
Standard Framework for Business
Model Canvas in BGM
2010
Business Model Canvas - Alex Osterwalder
http://www.businessmodelgeneration.com/canvas
11. The Startup Owner's Manual
“There Are No Facts Inside Your Building, So Get Outside.” – Steve Blank
12. StartUp
StartUp
=
Experiment
Searching for a Profitable, Scalable and Reliable Business Model
A startup is a human institution designed to deliver a new product or service under
conditions of extreme uncertainty“.
by Eric Ries from the book ”The Lean Startup”
Nothing to do with size of company, sector of the economy, or industry
22. Achieving Failure
If we are building something nobody wants, what does
it matter if we accomplish it :
On time ?
On budget ?
With high quality ?
With beautiful design ?
Achieving Failure = successfully executing a bad plan