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@adamberk
Entrepreneurial Science For Startups
AKA “Lean Startup” (a trademark owned by @ericries)
A MINIMUM VIABLE SLIDE DECK
PREPARED FOR
“Entrepreneurs in Chile, Armenia, Nepal, &
Pakistan with an idea to change the world who are
willing to experiment to see if the world wants to be
changed”.
BY
I am an
entrepreneur
because ….
take a photo and tweet #DEccelerate
The most
annoying
thing that
happenedtoday… this this week…
(not related to your startup)
Scientists do not coddle
ideas. They crash test
them. They run them
into a brick wall at sixty
miles per hour. If the
idea is sound the pieces
will be of the wall.
“Yeah runnin' down a dream
That never would come to me
Workin' on a mystery, goin' wherever it leads
Runnin' down a dream.”
-Tom Petty (rock n roll singer)
THINK.TEST.PROVE.
Prove Wrong? Think different
Prove Right? Think BIGGER
-aa-ALBERT EINSTEIN
just kidding!!!!!!!!!!!!!!:)
Good idea?
Who cares!
No really,
Who cares?
Good idea?
Prove it!
UNTIL THEN
What
PROBLEM
are you
solving!?
Test the
riskiest
ones
first
Test Demand NOT SUPPLY
Isolate your variables and
assumptions
test them independently
You do not
know HOW you
did it until you
KNOW how to
do it again.
PERFECTION
is achieved
NOT when there is nothing left
to A D D ,
BT WHN THRE IS
NTHING LFT TO
TAKE AWY
If you
cannot
explain it
simply,
you
do not
UNDERSTAND IT
well enough.
<<< That guy
If you think your customer segment is
MILLENNIALS, YOUNG PROFESSIONALS,
EVERYONE, SMBs, MULTIPLE ACTORS, YOUR
MENTORS, PEOPLE WHO HAVE A VESTED
INTEREST IN BUILDING YOUR SOLUTION (added
after the webinar) FRIENDS, FAMILY,
you do not
UNDERSTAND IT
well enough.
<<< That guy
If you think the problem you are
solving is
LACK OF TIME, LACK OF
MONEY, LACK OF CUSTOMERS,
LACK OF YOUR SOLUTION,
you do
not
UNDERSTAND IT
well enough.
<<< That guy
“Do things that
don't scale”
-Paul Graham
Someone in this program, (maybe
EVERYONE) is my next case study…
Until then…
http://www.quora.com/What-are-some-
good-examples-of-global-companies-
who-started-small-doing-just-one-thing-
solving-just-one-problem-for-a-specific-
customer-and-eventually-grew-huge
“I want to solve
this problem
for this person,
because”
-You
PITCH
Customer Development
Problem/Customer fit. No solutions
The BEST
place to start is
SOMEWHERE.
FACTS
vs
PROBLEMSyou cannot solve a fact
learn the difference
AN EARLY
ADOPTER TELLS
YOU THEIR
PROBLEM BEFORE
YOU TELL THEM
YOUR JOB is to find
someone to go first.
Not to SAY they will go
first, but to go first.
It is no coincidence that
the diffusion of
innovation curve…
looks
like a crow bar.
HEADACHE
PROBLEMS
VS
MIGRAINE
PROBLEMS
say hi to @dianakander and ask her about her dog (and watch her
talks online)
say hi to @dianakander on twitter, and ask
her about her dog - then watch more of her
brilliant talks
CUSTOMERS
have multiple
PROBLEMS PROBLEMS
have multiple
SOLUTIONS SOLUTIONS
SOLUTIONS SOLUTIONS
SOLUTIONS SOLUTIONS
SOLUTIONS SOLUTIONS
Cure tunnel vision
Don't let your idea...
Get out
of your comfort zone
GOOB
(credit, Steve Blank)
Pull
don't push - it's harder than it seems.
PAST
not future
LISTEN
do you hear that? you have 2 ears and only
one mouth for a reason. Listen at least 2x as
much as you talk.
PRACTICE
Do you get junk mail? How many loyalty
cards do you have? How did you find this
restaurant?
PRACTICE
STOP
Do not ask for $, do not write code… UNTIL
They may not know WHAT they want,
but they have to want SOMETHING
tweet “hey @kevinpmarra you were right they are not milkshakes,
but it’s not froyo”
tweet “hey @claychristensen, milkshake marketing is brilliant #jtbd”
tweet “hey @claychristensen, milkshake
marketing is brilliant #jtbd #313problems”
JTBD… video
games
GO (exercise)
Don't build this.
OR THIS
if you build without testing, you are probably
building the wrong thing...
NO SURVEYS
NO SOLUTIONS
NO FOCUS GROUPS
NO EXCUSES
NO WOULD
NO FRIENDS
NO FUTURE
NO “CONVINCING” (NEPAL:)
NO B2B2BS
NOsolutions,
selling, friends,
family, surveys
NO
RECAP
1. LEAN = run experiments
waste less
2. WHY custdev = learn
problem, prove problem, to
find bigger problem, to
3. HOW custdev = just do it. In
person. No solutions. No
would
NO
YOUR JOB
Talk to the customers stated
in your final customer
segment box within 7 days.
B2B 10 total 4 per person
B2C 25 total or 10 per person
NO
END. MODULE ONE.
Talk to the customers stated
in your final customer
segment box within 7 days.
B2B 10 total 4 per person
B2C 25 total or 10 per person
@dianakander @trikro @lissijean
@Justin_Wilcox @unbounce
@customer_ninja @AlleyNYC
@sgblank @ericries @paulg @danariely
@fakegrimlock @claychristensen
NO
END. MODULE ONE.
Talk to the customers stated
in your final customer
segment box within 7 days.
B2B 10 total 4 per person
B2C 25 total or 10 per person
Embrace constraint. Then iterate!
Don’t get lucky, get good.
Unbounce
I am unique because…
I am valuable because…
My startup is unique because…
My startup is valuable because...
SUPPLY
&
DEMAND
Deliver value.
Deliver Solution (Manually). Learn. {period}
“I make money using my
brains and lose money
listening to my heart. But in
the long run my books
balance pretty well.”
-Kate Seredy
“If you are not
embarrassed by the first
version of your product,
you shipped too late.”
-Reid Hoffman (LinkedIn)
“To do good,
you actually have to do
something.”
-Yvon Chouinard (Patagonia Founder)
“it turns out that focus is so
important, even if you pick
the wrong focus you're doing
better!” BILL GROSS
Read more: http://www.businessinsider.com/bill-gross-lessons-2011-12?op=1#ixzz2gO4zcdIJ
“Do things that
don't scale”
-Paul Graham
“If you can’t get them to
adopt your idea with high-
touch, face-to- face service,
they will not buy into your
cold web page.”
-Manuel Rosso
“Do the least that
gets you to the end
instead of the most
that gets you to the
beginning”
-ab
Thejourneyofsolvingaproblemforamillioncustomersstartswithasingleprobleminterview...
Manual
NO
harm,
copyright
infringement,
building,
adwords
Thank you!
adam@neighborrow.com
@adamberk
THE END
Science. Economics.
Supply & Demand
Opportunity cost.
Thank me?
Send feedback to
adam@neighborrow.com
@adamberk
or send an entrepreneur to my
next event in Paris or Kansas
City.
I PROMISE…
If you do 10 interviews and
share them here bit.
ly/milvalchal, you have a
mentor for life
@adamberk
@dianakander
@lesamitchell
@jacksonlindauer
@anitabnewton
@ryanabennett
@nathankurtz
@ArielMediaKC
We are here to help :)
Test the riskiest things first
Feasible. Desirable. Viable.
Just because it is feasible
does not mean it is desirable.
Almost everything that is
desirable and feasible is viable
what if the
bottleneck
is at the bottom?

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