Homework due for today
- Lean Startup Chapter 4 and 5. Please consider the following warmup questions, and write up your responses.
- Pilot teams meet outside of class for at least 1 hour, and discuss project, and begin drafting their Pilot Project Report (see The Pilot Project). Do this as a Google doc in your collaboration drive. Make that document publically available. Update this Latte Wiki Page with the names of the pilot team members, and a link to the draft of your report. Team Deliverable: Updated Latte Wiki Page as stated.
- Read: Build Measure learn vs. Learn Measure Build
Useful (optional) reading
- Lets talk through Chapter 4 and 5 of Lean Startup. Each group discuss the chapters and what you think the big learnings and ideas are from those chapters. Present cases Zappos, HP Volunteering, Village Laudry.
Four Questions Every Entrepreneur Should Ask
- Do consumers 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.
The Lean Startup notion of hypotheses
- Also ‘assumptions’, but I like the term hypothesis better because it emphasizes that we don’t take a side as to whether it is true or not. We specifically want to generate evidence that will either prove or disprove it.
- Testable: You need to know how you would test it
- Explicit: You need to be able to state it succinctly (on a post-it note)
Types of Hypothesis - there are lots
Term Projects Kickoff
Here are some examples of previous projects
In week 5 we will begin working on the term projects. Between now and then we will be coming up with ideas, writing them up, etc. We will be adding them to the Latte assignment number 4.4. Let’s take a quick look.
Start thinking! 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.