Entrepreneurs using lean startup can work with investors to raise capital for their business. Business plans from lean startups often differ from traditional startups and lean startup encourages learning from failure and to pivot, which might scare off investors. Can entrepreneurs and investors together use the lean startup approach to do fundraising?
Ramli John gave an ignite talk about the minimum viable attitudes for lean startup teams at the 2013 lean startup conference. According to Ramli there are three attitudes that help teams to run lean sustainable over time: humbleness, hunger and happiness.
Raf Gemmail surveys recent commentary and presentations on the successes and failures of lean-startup methodology within both startups and big enterprise.
Experimentation using for instance lean startup can help you learn about your customers and find out which features and product would be valuable. The value however comes from building products and actually delivering them to customers. You need to find ways to balance between experimentation and delivery.
Regularly doing agile retrospectives helps teams to learn and improve themselves. You can make retrospectives more effective by adding purposes and by validating if your retrospective actions are leading to improvement with the usage of hypotheses.
Agile suggest that teams should fail-fast to enable quick learning from mistakes. Learning from failure is one approach, you can also learn early and fast from successes, by doing experimentation, or by using a plan for knowledge acquisition.
The build-measure-learn feedback loop in lean startup aims to help entrepreneurs to learn about the needs of their customers. Agile retrospectives are a way to reflect and learn and to agree on changes that are needed. Some examples describing how lean startup can be supported with agile retrospectives to learn and take actions.
Coming to decisions about which products to build or which features to add to existing products can be difficult. The lean startup approach can help to get insight into the needs of customers, and to build a sustainable business around a set of products and services that serves those needs. How can enterprises adopt the lean startup approach to become more innovative and competitive?
Jake Benilov will give a talk on September 27 at Agile Tour Brussels about feedback techniques used for making gov.uk. InfoQ did an interview with Jake about using the feedback techniques and how the team applies lean startup with minimum viable products to do user research.
Enterprises want to increase their capability to deliver value to customers in less time. Many adopt agile software development to iteratively develop and deliver software solutions. Lean startup aims to support developing new businesses and products. Several authors shared their views on how combining agile and lean startup methods can be beneficial.
Steve Blank explains the real goal of an MVP is to start the learning process, not to create a smaller and cheaper version of the final product.
The lean startup is a “scientific approach to creating and managing startups” as Eric Ries describes in the lean startup principles. It uses “hard things” like validated learning with experiments and data. But what the “soft things” like intuition, guts, feelings, passion, inspiration and fun, do they also matter when you are developing new products?
Sam Guckenheimer proposes to reimagine ALM to enable continuous feedback on software projects with a metric based on how long it takes to drive an experiment and obtain validated learning from it.
There are different types of pivots possible in lean startup, which help you to decide whether to persevere or pivot during product development. They each with their own purpose and ways to use them. Let’s explore some of them to see when and how you can pivot? Or maybe have to decide that it’s better to quit?
Steve Blank makes the argument that mainstream adoption of the lean start-up is not only attainable, but would provide the basis for a newer innovation based economy.