Last week, I was invited to deliver a keynote at Intel/McAfee's Lean and Agile conference. It was interesting to discuss Lean Startup ideas with Intel folks and try and understand how some of these ideas relate to a chipmaker company.

1. Lean Startups
Tathagat Varma
VP, Strategic Process Innovation
[24]7 Innovation Labs

2. What is wrong here?
Picture: hCp://www.news.com.au/travel/holiday-­‐‑ideas/inside-­‐‑china8217s-­‐‑ghost-­‐‑cities/story-­‐‑e6frfqd9-­‐‑1226716277487

3. “Build and they will
come” is not a
strategy, it’s a
prayer.
– Steve Blank

4. 90%
Tech Startups
FAIL…!!!

5. 2/3rd
who succeed, drastically
change their plans
along the way!

6. Who are they?

7. Remember…

8. hCp://www.capgemini.com/blog/capping-­‐‑it-­‐‑off/2011/06/paving-­‐‑the-­‐‑path-­‐‑of-­‐‑scrum-­‐‑adoption-­‐‑2-­‐‑product-­‐‑people

9. hCp://steveblank.files.wordpress.com/2010/11/two-­‐‑assumptions.jpg

10. Problem with traditional
product development model
“In large companies, the mistakes just have
additional zeroes in them” – Steve Blank
From: Running Lean – Ash Maurya, The Startup Owners Manual – Steve Blank

11. A human institution designed to create a new product
or service under conditions of extreme uncertainty.
– Eric Ries

12. Traditional Approaches?

13. What’s Lean Startup?
• Scientific approach to
o build new product development
o create and manage startups
o get products to customers faster
• The Lean Startup methodology has as a premise
that every startup is a grand experiment that
aCempts to answer a question. The question is
not "ʺCan this product be built?"ʺ Instead, the
questions are "ʺShould this product be built?"ʺ and
"ʺCan we build a sustainable business around this
set of products and services?"ʺ

14. Principles of Lean Startup
1. Entrepreneurs are everywhere
2. Entrepreneurship is management
3. Validated Learning
4. Innovation Accounting
5. Build-­‐‑Measure-­‐‑Learn

15. Real-­‐‑life Example?

17. hCp://newentrepreneurship.nl/business-­‐‑model-­‐‑canvas/

18. hCp://torgronsund.com/wordpress/wp-­‐‑content/uploads/2011/04/Slide1.jpg

19. GET OUT OF THE BUILDING…

20. So, what is your product?
From: Running Lean – Ash Maurya

21. Running Lean

22. What’s wrong?

23. hCp://headrush.typepad.com/creating_passionate_users/2005/06/
featuritis_vs_t.html

25. hCp://startitup.co/guides/376/mvp-­‐‑minimum-­‐‑viable-­‐‑product

28. Build-­‐‑Measure-­‐‑Learn Loop

29. Pivot
Pivot: A change in
STRATEGY
without a change in
VISION.

30. Isn’t that good old agile?

33. Hmm…but, it might not work
at <my large company>!

34. Companies following
Lean Startup…
…

36. References
• www.steveblank.com
• hCp://theleanstartup.com/principles
• hCp://blog.startupcompass.co/
• hCp://blogs.wsj.com/accelerators/2013/06/24/steve-­‐‑blank-­‐‑
the-­‐‑6-­‐‑types-­‐‑of-­‐‑startups-­‐‑2/
• Running Lean – Ash Maurya
• The Startup Owners Manual – Steve Blank
• Four Steps to Ephphany – Steve Blank
• The Lean Startup – Eric Ries
• hCp://www.nextbigwhat.com/groupon-­‐‑story-­‐‑297/
• hCp://blogs.hbr.org/2014/04/how-­‐‑ge-­‐‑applies-­‐‑lean-­‐‑startup-­‐‑
practices/
• hCp://www.businessweek.com/articles/2014-­‐‑08-­‐‑07/ge-­‐‑taps-­‐‑
lean-­‐‑startup-­‐‑ideas-­‐‑for-­‐‑faster-­‐‑cheaper-­‐‑product-­‐‑rollout