Www.stanford.edu/group/e145/cgi-bin/winter/drupal/upload/handouts/Four_Steps.pdf. How I Got My Team To Fail More - Jason Seiken. Business-school literature has long stressed the importance of taking risks and encouraging rapid failure. In the real world of quarterly numbers, though, embracing failure mostly remains a throwaway line in CEO speeches. At PBS Digital, we went beyond corporate lip service and demanded failure from each and every employee. The results? The transformation of a venerated but legacy brand into a digital leader. The story of our decision to create and embrace a failure metric begins, as do many business advances, with desperation. By 2007, PBS.org audience growth had stalled and the product pipeline was dry.
It’s easy to understand why. With hundreds of masters, any potential digital product was bound to fall short of meeting somebody’s needs. But that was analog. So when I joined the company in December 2006, I decided to deliver a shock to the system. Failure. With a twist: “If you don’t fail enough times during the coming year,” I told every staffer, “you’ll be downgraded.”
Book Summary: The Lean Startup | Josh Lowry BLOG. 57 startup lessons. I am a cofounder of RethinkDB — an open-source distributed database designed to help developers and operations teams work with unstructured data to build real-time applications. There are already very good lists of startup lessons written by really talented, experienced people (here and here). I’d like to add another one. I learned these lessons the hard way in the past four years. If you’re starting a company, I hope you have an easier path. People If you can’t get to ramen profitability with a team of 2 – 4 within six months to a year, something’s wrong. Fundraising If you have to give away more than 15% of the company at any given fundraising round, your company didn’t germinate correctly. Markets The best products don’t get built in a vacuum. Products Product sense is everything. Marketing Product comes first. Sales Sales fix everything.
Development Development speed is everything. Company administration Personal well-being Thanks to Michael Glukhovsky for reviewing this post. Venturehacks.wpengine.com/wp-content/uploads/2009/02/the-lean-startup.pdf. Eric Ries on 'The Lean Startup' It’s a reality that haunts every entrepreneur and would-be entrepreneur: Most startups fail. Eric Ries knows firsthand. He has been there. When he cofounded software company IMVU, he and his team tried a different approach by rapidly creating and releasing their product before it was perfected, only to continuously update, revise and re-release it, based in part on customer feedback. It worked. Below is an excerpt from the introduction to the book. Stop me if you’ve heard this one before. Ten years and several startups ago, that was me, building my first company. It remains a painful memory.
If you’ve never experienced a failure like this, it is hard to describe the feeling. It wasn’t supposed to turn out that way. There is a mythmaking industry hard at work to sell us that story, but I have come to believe that the story is false, the product of selection bias and after-the-fact rationalization. Yet the story of perseverance, creative genius, and hard work persists. 1. 2. 3. 4. 5. Guest/talks/2011-SNU-Project_Management.pdf. Files.meetup.com/1669542/Manly Entrepreneurs Lean Startup new.pptx. Wp-content/uploads/CMU-I6-Challenge-Agile-Innovation-System-Lean-Startup-Concepts.pdf.