Homework due for today
Legend: : Participation | : Early | : PDF | : Team | : Zipped
Legend: : Participation | : Early | : PDF | | : Zipped
- Read: Lean Startup Chapter 4 and 5. Please consider the following warmup questions, and write up your responses.
- Explain what a concierge MVP is and how it is used
- What does Eric Ries mean by “getting out of the building”? What message is he trying to get across? What mistake is he trying to teach you to avoid?
- What 1 or 2 important things from the reading did you not understand? And if you understood it all, then what 1 or 2 important things were most insightful/useful/valuable to you. Please make sure I can tell which is which!
- Deliverable: Submit warmup quiz in Latte as a pdf, before 10am on class day!
- Pilot Teams: Meet outside of class TWO TIMES for at least 1 hour each, and discuss the project, and begin drafting their Pilot Project Report (see The Pilot Project). Do this as a shared Google doc. Make that document publically available. Update Latte Page “Pilot Project Teams and Reports Link Page” with the names of the pilot team members, and a link to the draft of your report. Team Deliverable: Your draft pilot project report as a pdf with the team members names listed.
- Read and Listen: Build Measure learn vs. Learn Measure Build and Getting Out of the Office is Product Management
Useful (optional) reading
Discussion
- Thanks for warmups
- Whats an MVP exactly, according to RIES?
- Why is the term confusing
- What is a concierge MVP?
- What is getting out of the building?
- What exactly is a hypothesis, give examples from your product ideas
- (Don’t worry about antilog. It’s not a useful concept :)
Thoughts about Lean Startup
- Basically: identify the right product for the right customer
- “Lean” term stolen from “Lean Manufacturing” (Toyota et al)
- Some key characteristics:
- Small Batches vs. Large Batches
- Minimize WIP
- Changes in plan are expected and embraced
- “Pull” vs. Push
- Small self-managed teams
- Don’t try to plan everything from day one
- Instead, Iterate, iterate, iterate!
- Agile Software Development (next term :)
- Also based on the same principles
- And with the same objectives
- Lean Startup
- Yes, just another buzzword
- Some might say “there’s nothing new under the sun”
- Realize there are several ‘methodologies’ that people push
- The underlying principles are similar
- My own experience with the idea of Lean Startup
- Where did it come from
- Is it just Eric Ries self promotion?
- Why do I think it’s a good approach
- “Scientific method?”
- Some ideas that we’ll explore more in the next few weeks
- Validated Learning
- Build/Measure/Learn
- Hypotheses and assumptions
- Minimum Viable Product
- Customer Development
- Pivoting
- Metrics and real-world data
Talk about Term Projects
Brainstorm!
- Every student will have to create at least one idea for a term project.
- As we brainstorm about product ideas you can start collecting the ones that you like and want to put forward as your idea for a term project.
Right now First round of brainstorming on possible term projects. Collect them on whiteboard and write them down.
Hypotheses
Four Questions Every Entrepreneur Should Ask
- Do customers/consumers/users recognize that they have the problem you are trying to solve?
- If there was a solution, would they buy it?
- Would they buy it from us?
- Can we build a solution for that problem?
The tendency of all computer science, IT, entrepreneurs, everywhere, always is to start with question 4.
- Example hypotheses for the pilot project: Hypotheses
Next Class