minimal viable products

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Minimal Viable Products Monday, March 25, 13

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Introduction to Minimal Viable Product for the Geneva Lean Startup Group meetup of 21.03.2013.

TRANSCRIPT

Page 1: Minimal Viable Products

Minimal Viable Products

Monday, March 25, 13

Page 2: Minimal Viable Products

Minimal Viable Product

Monday, March 25, 13

Page 3: Minimal Viable Products

Minimal Viable Product• The version of a new product or service,

which allows us to:

Monday, March 25, 13

Page 4: Minimal Viable Products

Minimal Viable Product• The version of a new product or service,

which allows us to:

• learn the most about real customer needs

Monday, March 25, 13

Page 5: Minimal Viable Products

Minimal Viable Product• The version of a new product or service,

which allows us to:

• learn the most about real customer needs

• with the minimum effort

Monday, March 25, 13

Page 6: Minimal Viable Products

Minimal Viable Product• The version of a new product or service,

which allows us to:

• learn the most about real customer needs

• with the minimum effort

• at the highest speed

Monday, March 25, 13

Page 7: Minimal Viable Products

The minimal set of features...

Monday, March 25, 13

Page 8: Minimal Viable Products

1/3 inch drill vs. 1/3 inch hole

Monday, March 25, 13

Page 9: Minimal Viable Products

Type of features...

Monday, March 25, 13

Page 10: Minimal Viable Products

Type of features...• Essential features:

• without them your product does not exist

Monday, March 25, 13

Page 11: Minimal Viable Products

Type of features...• Essential features:

• without them your product does not exist

• Standard features:

• the features of most products of the same kind

Monday, March 25, 13

Page 12: Minimal Viable Products

Type of features...• Essential features:

• without them your product does not exist

• Standard features:

• the features of most products of the same kind

• Differentiating features:

• those feature that make your product “unique”!

Monday, March 25, 13

Page 13: Minimal Viable Products

Type of features...• Essential features:

• without them your product does not exist

• Standard features:

• the features of most products of the same kind

• Differentiating features:

• those feature that make your product “unique”!

Monday, March 25, 13

Page 14: Minimal Viable Products

Validate your hypotheses guesses!

Monday, March 25, 13

Page 15: Minimal Viable Products

Where to start?

Monday, March 25, 13

Page 16: Minimal Viable Products

Validate fast!

Monday, March 25, 13

Page 17: Minimal Viable Products

Validate fast!• Anyway, you won’t get it right the first

time...

Monday, March 25, 13

Page 18: Minimal Viable Products

Validate fast!• Anyway, you won’t get it right the first

time...

• ...but don’t start randomly: use your (and your customers’) intuitions!

Monday, March 25, 13

Page 19: Minimal Viable Products

Validate fast!• Anyway, you won’t get it right the first

time...

• ...but don’t start randomly: use your (and your customers’) intuitions!

• Get rid of the riskiest assumptions first

Monday, March 25, 13

Page 20: Minimal Viable Products

Validate fast!• Anyway, you won’t get it right the first

time...

• ...but don’t start randomly: use your (and your customers’) intuitions!

• Get rid of the riskiest assumptions first

• Get out of your own reality distortion field

Monday, March 25, 13

Page 21: Minimal Viable Products

Have Fun!Illustrations courtesy from

Monday, March 25, 13