September 2009
7 posts
“The truth is financings are important to keep the company funded but they are...”
– The Sound Of Silence (via hiten)
“If an investor uses the term lifestyle business, YOU throw a shoe.”
– The Post Money Value: EYODF Part 8 - How to Hold Down 10 Jobs Simultaneously (via hiten)
“To build a real business, let alone one worthy of $1 billion, you need to shock...”
– Howard Lindzon » Blog Archive » Deep Twitter Thoughts—-How Would You Spend Twitter’s $100 million? (via hiten)
Startups = Experiments
If you look at it this way then the point of startups is to run as many experiments as possible through minimizing feedback loops, learning quicker, and having relevant metrics.
Minimum Viable Product
I first read about the concept of Minimum Viable Product (MVP) by Eric Ries, if you haven’t heard about it already check out: http://www.startuplessonslearned.com/2009/08/minimum-viable-product-guide.html
http://www.startuplessonslearned.com/2009/03/minimum-viable-product.html
And I believe the most important take away from these posts is in this quote:
Some caveats right off the bat. MVP,...
Focus on your customers. Ignore the rest.
hiten:
caterpillarcowboy:
Let’s remember two quotes, one by Google CEO Eric Schmidt and one by Amazon founder and CEO Jeff Bezos.
Eric Schmidt: “Let’s not check the rearview mirror, or else we’ll drive off the road.”
Jeff Bezos: “A different way to organize your energies that can be very effective is to be competitor-focused. If you’re competitor-focused, you have to wait until there is a...
Stating your Hypotheses - Market Type
One of the first things you do when starting the customer development series quest with your startup is to have an assumption of what “market type” you are. Depending on which category you fall into leads to drastically different strategies when developing your startup.
Briefly there are 4 market types:
Existing market - you need to be faster/better than your existing competitors
...