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BUILDING A MINIMUM VIABLE
PRODUCT
@PSTURROCK

cc flickr “zorin denu”
GET OUT OF THE
BUILDING !
©2013 Slingshot Venture Development
WHY?
MINIMUM VIABLE
PRODUCT SEGMENT
“Too many entrepreneurs who follow the lean
methodology get stuck in a product spin,
consumed with making and honing their Minimum
Viable Product. While the MVP is critical, it’s
missing its dance partner, the Minimum Viable
Segment.”

M I C H A E L S K O K , N O R T H B R I D G E V E N T U R E PA R T N E R S
One Tribe

image by Dylan Walters flickr.com
MINIMUM VIABLE
SEGMENT
Small enough to dominate …
MINIMUM VIABLE
SEGMENT
Where you can succeed…
The Journey from Niche to Scale

One

Twelve

Customer
Intimacy

Service

150

Product
Innovation

Experience

1000+

Operational
Excellence

Product
MINIMUM VIABLE
DIFFERENCE
15
“When you have two coffee shops next to

each other, and each sells the exact same
coffee at the exact same price, what makes
you walk into one and not the other”
– 3 1 V O LT S D E S I G N
Laptops

Smartphones

5

4

3

2

1

0

Affordability

Weight

Display

Power

Kim & Mauborgne “Blue Ocean Strategy”

Telephony
Laptops

Smartphones

Ipad

5

4

3

2

1

0

Affordability

Weight

Display

Power

Kim & Mauborgne “Blue Ocean Strategy”

Telephony
MINIMUM VIABLE
BENEFIT
MINIMUM VIABLE
F E AT U R E S
MINIMUM VIABLE
EXPERIENCE
VIDEO: THE CUSTOMER JOB
• Who are your users?
• Job
• Needs

• Who are your customers?
• Budget
• Goals

• Current Solutions
• Advantages
• Disadvantage

• What is the gap?
Why?

What?

Who are your users? What job are they
trying to do? When & Where?

Product Name

Why?

3 adjectives to describe how it will make
the user feel

What's in their way?
How else can they solve the problem
now?

Who is the customer?
What's their budget?

3 critical benefits it will
deliver

So What? 3 key differences. So what?
How: What are the critical features?
Service?

Product?

What will the customer pay for?
How much?

How often?
© 2014 Slingshot Venture Development
S TAT E Y O U R S T R AT E G Y I N 1 5 W O R D S

• Who is your target customer?
• Focus
• What do you offer them?
• What don’t you offer them?
• Difference from alternatives
Alessandro Di Fiore HBR Blog
W H AT ’ S Y O U R B I G G E S T
L E A P O F FA I T H ?
DESIGN AN
E X P E R I M E N T W I T H D ATA
THE PIVOT
A startup exists to learn how to build a business
under extreme uncertainty—Eric Ries
Modular adaptation and iteration
Accelerated learning
Risk reduction
Evidence based funding

Davide Casli, http://intenseminimalism.com/2010/the-dot-loop-the-simplest-process-possible/
Value Inflection Points
GET OUT OF THE
BUILDING !
QUESTIONS?
THANK YOU
@PSTURROCK

cc flickr “zorin denu”

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