8. 2. Define: Goal of Start-Up
A startup is a human institution designed to deliver a new
product or service under conditions of extreme
uncertainty.
• Find out what
The consumers want
Goal • ASAP!
10. 4. Experiment: Consumer Interviews
To simple, testifying
From Alchemy
scientific experiments
11. 5. Leaps of Faith
H1: Value Hypothesis
Does our product/service really delivers value to customers once they
are using it?
H2: Growth Hypothesis
How new customers will discover our product/service?
12. 6. Test: Minimum Viable Product
" Build MVP and try it with REAL consumers
" It can take various forms
Include only key Repeatedly update
Find Early Adopters
features and ask feedback
15. 9. Batch
Complete
1 Mechanical
action at approach
a time
Complete
1 by 1 1
approach envelope
at a time
16. 9. Batch
Small Faster
More
batches feedback learning
practice process
Faster
Flexibility iteration
cycle
17. 10. Grow: Engines of Growth
• Word of Mouth
Viral • As a side effect of
product usage
• When revenue
from every
Paid acquired customer
exceeds CPA
• Through repeat
Sticky purchase or use
18. 11. Adapt
People
Culture
Process
Accountability
19. 11. Adapt: Building Adaptive Organization
From 5 Adapting Increase
blames to to smaller
batches in speed
5 Why´s
Automatic
Invest in
speed
training
regulator
20. 12. Innovate
Take personal
steak in the
outcome
Create a
Scarce but
platform for
secure
innovation –
resource
SANDBOX
Disruptive
Innovation