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1st Lean Startup Circle Karachi Meetup - Lean Startup Methodology overview

Presented at the 1st Lean Startup Circle Karachi Meetup, introducing the Lean Startup Pakistan Initiative along with an overview of the principles in the Lean Startup Methodology

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1st Lean Startup Circle Karachi Meetup - Lean Startup Methodology overview

  1. 1. 1st LEAN STARTUP CIRCLE MEETUP
  2. 2. WHY ARE WE HERE? THE REASON FOR THIS MEETUP
  3. 3. STORY TIME! HOW STARTUPS THINK ABOUT DOING THINGS
  4. 4. THE LEAN STARTUP THE BOOK, THE METHODOLOGY
  5. 5. THE LEAN STARTUP PAKISTAN INITIATIVE WHAT’S THAT ALL ABOUT?
  6. 6. THE LEAN STARTUP PAKISTAN INITIATIVE WHAT’S THAT ALL ABOUT?
  7. 7. THE METHODOLOGY THE PRINCIPLES, A BRIEF OVERVIEW
  8. 8. 1 ENTREPRENEURS ARE EVERYWHERE
  9. 9. DEFINITION OF A STARTUP “A human institution designed to create new products and services under conditions of extreme uncertainty”
  10. 10. 2 ENTREPRENEURSHIP IS MANAGEMENT
  11. 11. A STARTUP IS an institution, not just a product! So it requires management specifically geared to it’s context of extreme uncertainty
  12. 12. 3 VALIDATED LEARNING
  13. 13. VALUE vs. WASTE Which of your efforts are creating value vs. which are wasteful? Empirical data from real customers, not theoretic!
  14. 14. 4 BUILD-MEASURE-LEARN
  15. 15. MVP (Minimum Viable Product) Build Learn Measure
  16. 16. THE FEARS OF AN MVP The common worry is that you’d release “crapware” too soon, of low quality, potential customers won’t like it and you’d give up!
  17. 17. 5 INNOVATION ACCOUNTING
  18. 18. 3 LEARNING MILESTONES 1. Use MVP to establish real data on where the company is 2. Tune the “engine” from baseline to ideal : decision point 3. Pivot or Persevere?
  19. 19. THE WAY FORWARD WHAT HAPPENS NOW?
  20. 20. www.TheLeanStartup.pk /LeanStartupPakistan /LeanStartupPK
  21. 21. www.LeanStartupCircle.pk /LeanStartupKhi /LeanStartupKhi
  22. 22. let’s get lean!
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Presented at the 1st Lean Startup Circle Karachi Meetup, introducing the Lean Startup Pakistan Initiative along with an overview of the principles in the Lean Startup Methodology

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