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“IdGGfA kOEtAE”
L 2
søndag 12. mai 13
GDa
Velkommen
Kort oppsummering og repetisjon fra Del 1
Presentasjon fra bedriftene
Eksprimenter og hypoteser + Øvelse 1
MVP + Øvelse 2
Oppsummering og veien videre
søndag 12. mai 13
qUK RAp - ThE EaN EOd
søndag 12. mai 13
lE sTTuP EtH - 3 CPoNTs
business model design - canvas with testable hypotheses
customer development - get out of the building and test the
hypotheses
agile development - building a minimum viable product (mvp)
søndag 12. mai 13
UsISs DL EGn
He SiNS MEl NS
lE yO LoO At L
bUDiN BlO oF OR
bUNeS On E PE.
AcH OmPEnT OnTNS
a RiE Of PtHSiS HT
yO NeE To St.
Lean Canvas is adapted from The Business Model Canvas (BusinessModelGeneration.com) and is licensed under the Creative Commons Attribution-Share Alike 3.0 Un-ported License.
Problem
Top 3 problems
Existing
Alternatives
Solution
Top 3 features
Unique Value
Proposition
Single, clear
compelling
message that
states why you
are different and
worth buying
High-Level
Concept
Unique Value
Proposition
Single, clear
compelling
message that
states why you
are different and
worth buying
High-Level
Concept
Unfair Advantage
Can’t be easily
copied or bought
Customer
Segments
Target customers
Early Adopters
Problem
Top 3 problems
Existing
Alternatives
Key Metrics
Activity that
drives retention/
revenue
Unique Value
Proposition
Single, clear
compelling
message that
states why you
are different and
worth buying
High-Level
Concept
Unique Value
Proposition
Single, clear
compelling
message that
states why you
are different and
worth buying
High-Level
Concept
Channels
Path to customers
Customer
Segments
Target customers
Early Adopters
Cost Structure
Customer Acquisition Costs
Distribution Costs
Hosting
Staff etc.
Cost Structure
Customer Acquisition Costs
Distribution Costs
Hosting
Staff etc.
Cost Structure
Customer Acquisition Costs
Distribution Costs
Hosting
Staff etc.
Revenue Streams
Revenue Model
Life Time Value
Revenue
Gross Margin
Revenue Streams
Revenue Model
Life Time Value
Revenue
Gross Margin
Revenue Streams
Revenue Model
Life Time Value
Revenue
Gross Margin
1
søndag 12. mai 13
UsTER EvEPNt
wH ArE Ou IlL N T bUDN?
- Steve Blank
2
Search Execute
Problem/Solution
Fit
Product/Market
Fit
Scale
Pivots Optimizations
Validated Learning Growth
Method
How to change
Objective
søndag 12. mai 13
GE EvEPNt3
Steve Blank, Harvard Business Review 2012
IDEAS
CODEDATA
BUILD
MEASURE
LEARN
Meur AEr
OE AErlEN AEr
søndag 12. mai 13
aRId  BeDFtE SiD St
søndag 12. mai 13
aRId  BeDFtE SiD St
Hver bedrift presenterer:
Problem intervju - resultater og erfaringer
Presentasjon av oppdatert “Lean Canvas” forretningsmodell
Vurderer dere en pivot?
Refleksjoner fra boken og forrige kursdag
10-15 minutter pr bedrift
søndag 12. mai 13
EN AAs
Q & A
søndag 12. mai 13
eX cRErI P/ I
Do you have product/solution fit?
Are your top problems (or JBD) validated by customers?
Are they willing to pay for it?
Can you solve it?
Problem/Solution
Fit
Product/Market
Fit
Scale
søndag 12. mai 13
RoBM NtEIEw
Validate your hypotheses
Key questions:
Who has the problem/pain - Is
this a viable customer segment?
What are you solving? How do
customers rank the problems?
Who is the competition - How
do you customers solve these
problems today?
søndag 12. mai 13
OcUNt STs
Be objective
Document immediately after interview
Notice their “keywords”
søndag 12. mai 13
OlUON NtEIEw
Validate your hypotheses
Key questions:
Who has the pain? (customer
segment)
How do you solve their problems?
(solution)
What will they pay? (revenue)
søndag 12. mai 13
Et T O ThE UiLNg EA
Set up a booth - do a public
demo
Interview potential customers
Put your office where the
customers are
Throw a party
Talk to exerts in the field
Find the decision makers
Ask for introductions
Pre-orders
Landing-pages
Go to conferences
Work for free for your customer
søndag 12. mai 13
lE cAAs: PBlE / JS T Be Ne
A job to be done is a fundamental problem that a customer faces. It
can be functional/social or emotional.
Why? Why? Why?
Examples:
Listen to music while jogging
Manage personal finance at home
Clean clothes at home
cOEX
CtI Rb
oBCt
ha en story på why why
søndag 12. mai 13
OW WHA?
Do you have problem/solution fit?
1 minute for each company
What are you planning next?
Pivot?
Continue at Problem/Solution Fit Stage?
Proceed to Product/Market Fit Stage?
Problem/Solution
Fit
Product/Market
Fit
?
søndag 12. mai 13
rUInG XpEMTs
RoDT/ArK I
søndag 12. mai 13
https://vimeo.com/65998583/
søndag 12. mai 13
IDEAS
CODEDATA
BUILD
MEASURE
LEARN
SeR EsTG
vADaT MoS RiS hYThES
wIFrA eN AcTN (fABoO FE)
gRSeMKeY CPt
SeR EsTG RRuIEN
dOMeN AnD UmMIzE EsUS
pIT I NeED
..... WT W LeAED (iNGH)
wH wE HoUT...... (hYThES)
søndag 12. mai 13
IaBItY EsTG
Landing page
Concierge
Wizard of Oz
Prototypes (paper/html/
Physical)
Video
Wireframe/Mockups, similar
products
Test apps / Free apps
Crowd-Funding test
søndag 12. mai 13
lE cAAs: WHaT S A HyPHIs
Falsifiable hypothesis = (Specific action) will (expected measurable
action).
Examples:
Leap of faith: Begin know as an “expert” will drive early adopters.
Hypothesis: Blog post will drive > 100 early adopter sign-ups.
søndag 12. mai 13
eXCE 1 - XpEMTs
WHaT O ER YpOEI XpEMTs
What are you trying to learn?
Use this format:
Falsifiable hypothesis = (Specific action) will (expected measurable
action).
What type of experiments can you use to validate your hypothesis?
søndag 12. mai 13
m - InIM VBlE RoDT
søndag 12. mai 13
“The minimum viable product is that version of a new product which
allows a team to collect the maximum amount of validated learning
about customers with the least effort."
- Eric Ries
søndag 12. mai 13
InIM VBlE RoDT
Featureset/Capabilites:
Start with the “must haves”
Drop “nice to haves”
Objectives:
Start iterating trough Build-Measure-Learn (LEARNING)
Validating market demand
søndag 12. mai 13
InIM VBlE RoDT
Do not build the “actual” product before you have to - only what you
need to test!
Low Fidelity MVP
i.e.Wireframes / Concierge
High Fidelity MVP
i.e.Video / Prototypes / Demos / Test Apps
søndag 12. mai 13
dRBoX Vp
https://vimeo.com/65885136
søndag 12. mai 13
ItMOrS Vp
780.000$
8 months - MVP + 82 pre-
orders
søndag 12. mai 13
m Expl
Concierge
Wizard of Oz
Prototypes
Video
Test apps / Free apps
Rapid Development SW
3D printed HW
Arduino Electronics HW
søndag 12. mai 13
Concept Cars
Styrofoam/ABS Toys
OrE Vp AmPS
Fashion Electronics
søndag 12. mai 13
XeRSE 2
Kom opp med minst 2 ulike forslag på hvordan du kan lage en Low-
Fidelity MVP og 2 forslag for en High Fidelity MVP for din bedrift.
Discuss in 10 minutes (2 and 2)
Present 3 minutes
søndag 12. mai 13
vEN VER
søndag 12. mai 13
vEN VER
Hvordan ser veien videre ut? Tanker fra hver bedrift.
Founders Dilemma Per Arve
Bøker / Web ressurser
Feedback på workshopen fra deltakerne
søndag 12. mai 13
fODeR DiLMM
søndag 12. mai 13
rEUEs
http://steveblank.com/tools-and-blogs-for-entrepreneurs/ Steve Blank
http://spark59.com Ash Maurya
http://www.startuplessonslearned.com Eric Ries
http://www.businessmodelgeneration.com Alexander Osterwalder
søndag 12. mai 13
OK
søndag 12. mai 13
 & A
søndag 12. mai 13
Kontaktinfo: helgeh@gmail.com
AkK Or  DA!
søndag 12. mai 13
søndag 12. mai 13

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Lean Startup - Part 2

  • 2. GDa Velkommen Kort oppsummering og repetisjon fra Del 1 Presentasjon fra bedriftene Eksprimenter og hypoteser + Øvelse 1 MVP + Øvelse 2 Oppsummering og veien videre søndag 12. mai 13
  • 3. qUK RAp - ThE EaN EOd søndag 12. mai 13
  • 4. lE sTTuP EtH - 3 CPoNTs business model design - canvas with testable hypotheses customer development - get out of the building and test the hypotheses agile development - building a minimum viable product (mvp) søndag 12. mai 13
  • 5. UsISs DL EGn He SiNS MEl NS lE yO LoO At L bUDiN BlO oF OR bUNeS On E PE. AcH OmPEnT OnTNS a RiE Of PtHSiS HT yO NeE To St. Lean Canvas is adapted from The Business Model Canvas (BusinessModelGeneration.com) and is licensed under the Creative Commons Attribution-Share Alike 3.0 Un-ported License. Problem Top 3 problems Existing Alternatives Solution Top 3 features Unique Value Proposition Single, clear compelling message that states why you are different and worth buying High-Level Concept Unique Value Proposition Single, clear compelling message that states why you are different and worth buying High-Level Concept Unfair Advantage Can’t be easily copied or bought Customer Segments Target customers Early Adopters Problem Top 3 problems Existing Alternatives Key Metrics Activity that drives retention/ revenue Unique Value Proposition Single, clear compelling message that states why you are different and worth buying High-Level Concept Unique Value Proposition Single, clear compelling message that states why you are different and worth buying High-Level Concept Channels Path to customers Customer Segments Target customers Early Adopters Cost Structure Customer Acquisition Costs Distribution Costs Hosting Staff etc. Cost Structure Customer Acquisition Costs Distribution Costs Hosting Staff etc. Cost Structure Customer Acquisition Costs Distribution Costs Hosting Staff etc. Revenue Streams Revenue Model Life Time Value Revenue Gross Margin Revenue Streams Revenue Model Life Time Value Revenue Gross Margin Revenue Streams Revenue Model Life Time Value Revenue Gross Margin 1 søndag 12. mai 13
  • 6. UsTER EvEPNt wH ArE Ou IlL N T bUDN? - Steve Blank 2 Search Execute Problem/Solution Fit Product/Market Fit Scale Pivots Optimizations Validated Learning Growth Method How to change Objective søndag 12. mai 13
  • 7. GE EvEPNt3 Steve Blank, Harvard Business Review 2012 IDEAS CODEDATA BUILD MEASURE LEARN Meur AEr OE AErlEN AEr søndag 12. mai 13
  • 8. aRId  BeDFtE SiD St søndag 12. mai 13
  • 9. aRId  BeDFtE SiD St Hver bedrift presenterer: Problem intervju - resultater og erfaringer Presentasjon av oppdatert “Lean Canvas” forretningsmodell Vurderer dere en pivot? Refleksjoner fra boken og forrige kursdag 10-15 minutter pr bedrift søndag 12. mai 13
  • 10. EN AAs Q & A søndag 12. mai 13
  • 11. eX cRErI P/ I Do you have product/solution fit? Are your top problems (or JBD) validated by customers? Are they willing to pay for it? Can you solve it? Problem/Solution Fit Product/Market Fit Scale søndag 12. mai 13
  • 12. RoBM NtEIEw Validate your hypotheses Key questions: Who has the problem/pain - Is this a viable customer segment? What are you solving? How do customers rank the problems? Who is the competition - How do you customers solve these problems today? søndag 12. mai 13
  • 13. OcUNt STs Be objective Document immediately after interview Notice their “keywords” søndag 12. mai 13
  • 14. OlUON NtEIEw Validate your hypotheses Key questions: Who has the pain? (customer segment) How do you solve their problems? (solution) What will they pay? (revenue) søndag 12. mai 13
  • 15. Et T O ThE UiLNg EA Set up a booth - do a public demo Interview potential customers Put your office where the customers are Throw a party Talk to exerts in the field Find the decision makers Ask for introductions Pre-orders Landing-pages Go to conferences Work for free for your customer søndag 12. mai 13
  • 16. lE cAAs: PBlE / JS T Be Ne A job to be done is a fundamental problem that a customer faces. It can be functional/social or emotional. Why? Why? Why? Examples: Listen to music while jogging Manage personal finance at home Clean clothes at home cOEX CtI Rb oBCt ha en story på why why søndag 12. mai 13
  • 17. OW WHA? Do you have problem/solution fit? 1 minute for each company What are you planning next? Pivot? Continue at Problem/Solution Fit Stage? Proceed to Product/Market Fit Stage? Problem/Solution Fit Product/Market Fit ? søndag 12. mai 13
  • 20. IDEAS CODEDATA BUILD MEASURE LEARN SeR EsTG vADaT MoS RiS hYThES wIFrA eN AcTN (fABoO FE) gRSeMKeY CPt SeR EsTG RRuIEN dOMeN AnD UmMIzE EsUS pIT I NeED ..... WT W LeAED (iNGH) wH wE HoUT...... (hYThES) søndag 12. mai 13
  • 21. IaBItY EsTG Landing page Concierge Wizard of Oz Prototypes (paper/html/ Physical) Video Wireframe/Mockups, similar products Test apps / Free apps Crowd-Funding test søndag 12. mai 13
  • 22. lE cAAs: WHaT S A HyPHIs Falsifiable hypothesis = (Specific action) will (expected measurable action). Examples: Leap of faith: Begin know as an “expert” will drive early adopters. Hypothesis: Blog post will drive > 100 early adopter sign-ups. søndag 12. mai 13
  • 23. eXCE 1 - XpEMTs WHaT O ER YpOEI XpEMTs What are you trying to learn? Use this format: Falsifiable hypothesis = (Specific action) will (expected measurable action). What type of experiments can you use to validate your hypothesis? søndag 12. mai 13
  • 24. m - InIM VBlE RoDT søndag 12. mai 13
  • 25. “The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort." - Eric Ries søndag 12. mai 13
  • 26. InIM VBlE RoDT Featureset/Capabilites: Start with the “must haves” Drop “nice to haves” Objectives: Start iterating trough Build-Measure-Learn (LEARNING) Validating market demand søndag 12. mai 13
  • 27. InIM VBlE RoDT Do not build the “actual” product before you have to - only what you need to test! Low Fidelity MVP i.e.Wireframes / Concierge High Fidelity MVP i.e.Video / Prototypes / Demos / Test Apps søndag 12. mai 13
  • 29. ItMOrS Vp 780.000$ 8 months - MVP + 82 pre- orders søndag 12. mai 13
  • 30. m Expl Concierge Wizard of Oz Prototypes Video Test apps / Free apps Rapid Development SW 3D printed HW Arduino Electronics HW søndag 12. mai 13
  • 31. Concept Cars Styrofoam/ABS Toys OrE Vp AmPS Fashion Electronics søndag 12. mai 13
  • 32. XeRSE 2 Kom opp med minst 2 ulike forslag på hvordan du kan lage en Low- Fidelity MVP og 2 forslag for en High Fidelity MVP for din bedrift. Discuss in 10 minutes (2 and 2) Present 3 minutes søndag 12. mai 13
  • 34. vEN VER Hvordan ser veien videre ut? Tanker fra hver bedrift. Founders Dilemma Per Arve Bøker / Web ressurser Feedback på workshopen fra deltakerne søndag 12. mai 13
  • 36. rEUEs http://steveblank.com/tools-and-blogs-for-entrepreneurs/ Steve Blank http://spark59.com Ash Maurya http://www.startuplessonslearned.com Eric Ries http://www.businessmodelgeneration.com Alexander Osterwalder søndag 12. mai 13
  • 38.  & A søndag 12. mai 13
  • 39. Kontaktinfo: helgeh@gmail.com AkK Or  DA! søndag 12. mai 13