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Friday, June 29, 12
SOMETHING IS
                      FUNDAMENTALLY
                          WRONG


Friday, June 29, 12
Friday, June 29, 12
Friday, June 29, 12
Why do startups fail?




Friday, June 29, 12
Big Idea #1


                          The vast majority of startups fail
                            NOT because they couldn’t
                                 build a product...

                      but because nobody wanted the product.
                                   没人要你的产品



Friday, June 29, 12
Why do startups succeed?




Friday, June 29, 12
Big Idea #2

                           “The vast majority of
                           [successful] startups
                        abandoned their initial plans

                       and learned what would and
                      would not work in the market.”

                      -Clayton Christensen, The Innovator’s Dilemma




Friday, June 29, 12
FAILURE
                      The Secret to Success




Friday, June 29, 12
Question Your Assumptions


                        Human brain is wired to
                              assume

                      Canvas = Think like a Scientist



Friday, June 29, 12
Get Out of the Building
                            &
                     Talk to People
                      走出办公楼,
                    与客户交流和学习

Friday, June 29, 12
GOOBing is HARD




Friday, June 29, 12
WHAT’S AN MVP?
                        MVP是什麽?



Friday, June 29, 12
Definition

                      The minimum amount of
                      effort you have to exert to
                      complete exactly one turn
                      of the Build-Measure-Learn
                      feedback loop.



Friday, June 29, 12
MVP = EXPERIMENT
                      MVP = 最小可行产品



Friday, June 29, 12
MVP Explained

                      1. MVP = EXPERIMENT
                      2. Test your riskiest assumption
                        测试风险最高的假设
                      3. Look for invalidation or currency
                        获取客户的否定或认可
                      4. Confirmation Bias & Observer Bias
                        证实偏误 & 观察者期望效应
                      5. FAKE IT



Friday, June 29, 12
可行性



                           风险

                      已知         未知




Friday, June 29, 12
MVP Stages
                      1. Problem Exploration
                      问题探索
                      2. Product Pitch
                      产品推介
                      3. Concierge
                      产品试配
Friday, June 29, 12
MVP Stages
                      1.Problem Exploration 问题探索:
                        exists? who?
                      2.Product Pitch 产品推介:
                        collect currency
                      3.Concierge 产品试配:
                        deliver customer experience

                 Stages increase in opportunity cost
                 机会成本提高
Friday, June 29, 12
Find Early Adopters
                      早期采纳者:
                      “FOAMING AT THE MOUTH”
                      1. Have the problem
                      2. Know they have the problem
                      3. Searched for a solution
                      4. Hacked their own solution
                      5. Have budget for a solution


Friday, June 29, 12
3-POINT INTERVIEW
                  1. Has [insert specific problem] been a
                      problem for you? (context)
                      你是否有过【插入问题】?
                  2. Tell me about the last time you dealt with
                      this problem? (story)
                      告诉我你上⼀一次有【插入问题】的情况或故事。
                  3. What’s your ideal solution for this?
                      (solution)
                      对你来说,解决那个情况的最佳方案是什么?

Friday, June 29, 12
remember...



                      OBJECTIVE:
                        Learn



Friday, June 29, 12
Validation Canvas


                      •   Canvas is a communication tool
                      •   5-7 words in black sharpie
                      •   WRITE IN ALL CAPS
                      •   Mentors will enforce strongly




Friday, June 29, 12
Canvas Demo
                      bit.ly/lsm-canvasvideo




Friday, June 29, 12

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Lean Startup Machine Shanghai 2012 - Kick Off Presentation

  • 2. SOMETHING IS FUNDAMENTALLY WRONG Friday, June 29, 12
  • 5. Why do startups fail? Friday, June 29, 12
  • 6. Big Idea #1 The vast majority of startups fail NOT because they couldn’t build a product... but because nobody wanted the product. 没人要你的产品 Friday, June 29, 12
  • 7. Why do startups succeed? Friday, June 29, 12
  • 8. Big Idea #2 “The vast majority of [successful] startups abandoned their initial plans and learned what would and would not work in the market.” -Clayton Christensen, The Innovator’s Dilemma Friday, June 29, 12
  • 9. FAILURE The Secret to Success Friday, June 29, 12
  • 10. Question Your Assumptions Human brain is wired to assume Canvas = Think like a Scientist Friday, June 29, 12
  • 11. Get Out of the Building & Talk to People 走出办公楼, 与客户交流和学习 Friday, June 29, 12
  • 12. GOOBing is HARD Friday, June 29, 12
  • 13. WHAT’S AN MVP? MVP是什麽? Friday, June 29, 12
  • 14. Definition The minimum amount of effort you have to exert to complete exactly one turn of the Build-Measure-Learn feedback loop. Friday, June 29, 12
  • 15. MVP = EXPERIMENT MVP = 最小可行产品 Friday, June 29, 12
  • 16. MVP Explained 1. MVP = EXPERIMENT 2. Test your riskiest assumption 测试风险最高的假设 3. Look for invalidation or currency 获取客户的否定或认可 4. Confirmation Bias & Observer Bias 证实偏误 & 观察者期望效应 5. FAKE IT Friday, June 29, 12
  • 17. 可行性 风险 已知 未知 Friday, June 29, 12
  • 18. MVP Stages 1. Problem Exploration 问题探索 2. Product Pitch 产品推介 3. Concierge 产品试配 Friday, June 29, 12
  • 19. MVP Stages 1.Problem Exploration 问题探索: exists? who? 2.Product Pitch 产品推介: collect currency 3.Concierge 产品试配: deliver customer experience Stages increase in opportunity cost 机会成本提高 Friday, June 29, 12
  • 20. Find Early Adopters 早期采纳者: “FOAMING AT THE MOUTH” 1. Have the problem 2. Know they have the problem 3. Searched for a solution 4. Hacked their own solution 5. Have budget for a solution Friday, June 29, 12
  • 21. 3-POINT INTERVIEW 1. Has [insert specific problem] been a problem for you? (context) 你是否有过【插入问题】? 2. Tell me about the last time you dealt with this problem? (story) 告诉我你上⼀一次有【插入问题】的情况或故事。 3. What’s your ideal solution for this? (solution) 对你来说,解决那个情况的最佳方案是什么? Friday, June 29, 12
  • 22. remember... OBJECTIVE: Learn Friday, June 29, 12
  • 23. Validation Canvas • Canvas is a communication tool • 5-7 words in black sharpie • WRITE IN ALL CAPS • Mentors will enforce strongly Friday, June 29, 12
  • 24. Canvas Demo bit.ly/lsm-canvasvideo Friday, June 29, 12