Building a
STARTUP?
Adrian Pica
- Startup Weekend Global Facilitator- Central European Startup Awards
- Founder at Obli.co- Techpeaks Accelerator Trento
- Working Capital - Rome- Startup Scout – inventures.eu
- Mentor at Spherik Accelerator - Cluj
What is a
STARTUP?
STARTUP=
A cool name fora regular company
Difference between:
Supermarket, Restaurant, Factory
and
Evernote, Runkeeper, Instagram
Clear roadmap, planning vs experiment, pivot
Scalability
Monetization
What is an ENTREPRENEUR
?
Traits of an entrepreneur
Entrepreneurship is a mindset.
Lean Startup
scientific approach to creating and managing startups and get a desired product to customers' hands faster.
ELIMINATE UNCERTAINTY
Lean isn't just about failing fast, failing cheap. It is about putting a process, a
methodology around the development of a product.
WORK SMARTERNOT HARDER
The question is not "Can this product be built? "
Should this product be built?
DEVELOP AN MVP
First step is figuring out the problem that needs to be solved and then
developing a minimum viable product (MVP) to begin the process of learning
VALIDATED LEARNING
The unit of progress for Lean Startups is validated learning
You need to
understand the problem!
“5 whys technique”
Customer discovery interviews.
GET OUT OF THE BUILDING!
Customer discovery interviews.
What to ask?
What product to hire for a job?
The Milkshake case.
Frequency is the key
Problem/Solution fit
Build an MVP
Single feature MVP
Product/market fit
Test business model,pricing strategy
Market validation through retention
B2B, B2C
Type of Market
Growth
VC moneyPress
Start Hiring
RIMAC AUTOMOBILI – CONCEPT ONE
“We regret the things we don’t do more than the
things we do”- Mark Twain
5 dollarchallenge
What would you do
with 5 dollarsand 4 hours?
Reframe the problem.Challenge assumptions.
The 5 dollarsis a limitation.
2 hours is the value.
First teamInflate tiresfor a few $
Instead of abusiness plan,
they experimented,learned and iterated.
Sounds familiar?
Second team.Saturday evening
Restaurantreservations
Best teamChallenged allassumptions.
Made 650$
Adrian Pica
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