Eric Ries was kind enough to invite me to speak at his Lean Startup Conference.
In the talk I reviewed the basic components of the Lean Startup and described how we teach it. I observed that now that we’ve built software to instrument and monitor the progress of new ventures (using LaunchPad Central), that we are entering the world of evidence-based entrepreneurship and the Investment Readiness Level.
Larry had the DNA I’ve seen common with all the successful entrepreneurs I’ve backed in my 25 years of Venture Capital work—only he had a more exaggerated case than most. Without a doubt, Larry was the most potent entrepreneur I’ve known. It was a gift to be able to work with him and see him in action.
These are industries where women have had a history of leadership positions and more importantly, where young women entrepreneurs can find role models and mentors as their male counterparts do in Silicon Valley’s tech-centered, pay-it-forward culture.
Startups go through a series of steps before they become a large company.
You’ll realize you’re ready to exit the Search step when you have customer validation:
There are many reasons to found a startup.
There are many reasons to work at a startup.
But there’s only one reason your company got funded. Liquidity.
Most organizations in the ecosystem have a similar base process, that begins at some stage in the startups lifetime journey from an idea to a successful growth company and ends at another stage of the journey. Between that time the organizations function is to assist the development of the startups growth.
Growth Academy, 'Discovering The Startup World'
There is a growing need to build holistic understanding from the journey of startups’ development along with the service ecosystems that support this journey by connecting experience based and globally recognized methods, tools and knowledge from the different stages in a systematic manner. Our startup entrepreneurship training curriculum is targeted at new entrepreneurs, startups, educators and startup ecosystem support organization personnel.
A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical and/or virtual), interacting as a system to create new startup companies.
User journeys are straightforward to design and a useful reference for everyone involved in a product’s development. They help you ask:
There are many startups pitching competitions in the world in which you hardly have five minutes to persuade the investor audience that your startup is the best. Just few minutes to show the problem you are solving, your traction in the market, your value proposition, I mean, really short time to make the difference in every single slide of your presentation.