merrick furst explains startup engineering and flashpoint gt

Post on 31-Oct-2014

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Merrick Furst (@merrickfurst), Founder of FlashpointGT (@FlashpointGT) and distinguished Professor at Georgia Tech, gave the opening keynote at the June 4 Startup Day ATL and introduced the concept of Startup Engineering. FlashpointGT is built upon this concept, which makes keeping founders connected to reality the top priority. Furst’s keynote set the stage for the entire day and explored what it takes to build a startup, the difficulties you will face along the way and advice for startup founders and future entrepreneurs. The process of from ideation to creation of a startup is difficult and opaque, but in this keynote, Merrick provides clear and concise advice to help aid budding startup engineers.

TRANSCRIPT

@MerrickFurst @FlashpointGT

flashpoint.gatech.edu

How We Expect a Startup to Go

How Startups Actually Go

… that’s a Different Movie

Launch

Launch

Launch

Launch

Launch

Launch

Nothing Happens

Flashpoint is about Connecting to Reality

Which Requires Connecting Founders to Reality

You can Reason fromRational Self Interest

You can Reason fromRational Self Interest

rational self interest

You can Reason fromRational Self Interest

Startups needa product idea.

rational self interest

Startups needa product idea.

You can validatehypotheses byanecdotes.

rational self interest

You can validatehypotheses byanecdotes.

Startup Engineering

Principles

Touchstones to Ground Truths

Enabling Practices

You Can Rely on People To Do What They Cannot Not Do.

Figure What What You Can Avoid Doing

& Don’t Do That

Try to Get Your Customers to Prove ThatThey Can Avoid Buying Your Product

When You Fail

Customers are Buying Your Product

It is Possible toFigure out Demand

… without having a Product …

by Meticulously Mapping Customer Pain

The Job of Founder of Innovator

of Entrepreneur

is

To Become That Thing in The WorldThat Enables Customers

To BecomeCloser to Who They Are

Given Who They Are Required to Be

Flashpoint Founders Put Startup Engineering Principles Into Practice

To Become That Thing in The WorldThat Enables Customers

To BecomeCloser to Who They Are

Given Who They Are Required to Be

ReducingAmbiguityUncertaintyInaccuracy

Zombie Myth

Make what people want

rational self interest

Find out what peoplewant, and make that

Startup Engineering

Find out who your customer is

See what your customer is required to be

Enable them to close that gap

.@MerrickFurst @FlashpointGT

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