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Lean Startup 101 
A brief guide to what Lean Startup is and why 
it is relevant
Startup ≠ small version 
of big company
Startup ≠ small version 
of big company 
Startups are temporary organisations in search of 
a repeatable and scalable business model
Startup ≠ small version 
of big company 
Startups are temporary organisations in search of 
a repeatable and scalable business model 
search = innovative
Startup ≠ small version 
of big company 
Startups are temporary organisations in search of a 
repeatable and scalable business model 
search = innovative = uncertainty
Companies 
execute 
Which is what they are good at 
They have managers that predict, operate and 
plan using something called the Waterfall method
Webvan 
The tale of a Startup that wanted to be a 
Company
$1.200.000.000
$1.200.000.000 
Nothing left, except
Nine out of ten fail
Nine out of ten fail 
Because they try to be a company: Plan, 
Build & Launch
Waterfall 
Time
Risk Waterfall 
Time
Waterfall 
Time 
Risk 
Agile
Startups don’t fail because 
of product development 
We know what we can build
Startups fail 
because …
Startups fail because 
of a lack of customers 
Just because you build it, 
that does not mean they will come
Customer development 
By Steve Blank
Customer development 
Customer 
Discovery 
Customer 
Validation 
Customer 
Creation 
Company 
Building 
Pivot
Search 
Customer 
Discovery 
Customer 
Validation 
Customer 
Creation 
Company 
Building 
Pivot
Search 
Customer 
Discovery 
Customer 
Validation 
Execute 
Customer 
Creation 
Company 
Building 
Pivot
Search 
Customer 
Discovery 
Customer 
Validation 
Execute 
Customer 
Creation 
Company 
Building 
Learn 
Pivot
Search 
Customer 
Discovery 
Customer 
Validation 
Execute 
Customer 
Creation 
Company 
Building 
Learn Confirm 
Pivot
Search 
Customer 
Discovery 
Customer 
Validation 
Execute 
Customer 
Creation 
Company 
Building 
Learn Confirm AARRR 
Pivot
Search 
Learn Confirm CEO hired 
Customer 
Discovery 
Customer 
Validation 
Execute 
Customer 
Creation 
Company 
Building 
Pivot 
AARRR
Search 
Learn Confirm CEO hired 
Customer 
Discovery 
Customer 
Validation 
Execute 
AARRR 
Customer 
Creation 
Company 
Building 
Pivot 
Entrepreneurs start to think about leaving
Lean Startup = 
Customer development combined with Agile product development
Search 
Learn Confirm 
Customer 
Discovery 
Customer 
Validation 
Pivot 
Learn 
Learning is mostly done 
by talking to potential 
customers. 
But can also be achieved 
through observation 
and customer feedback
Search 
Learn Confirm 
Customer 
Discovery 
Customer 
Validation 
Pivot 
Confirm 
Confirmation can be 
achieved through 
several kinds of tests, 
depending on what 
you want to confirm.
Test options 
Are merely limited by your imagination
Video + Landingpage 
75.000 signups
Wizard of Oz 
Proved people would buy shoes online
Concierge 
Created early customers
Customer 
Discovery 
Customer 
Validation 
Customer 
Creation 
Company 
Building 
Pivot
Key take away
Build 
Ideas 
Measure 
Learn 
Lean Startup Process 
Build Measure Learn Loop 
Data Product
Validated learning 
Decreases uncertainty 
Minimises risk 
Increases chances of success
Seriously though 
You do not launch a startup, you steer it to success.
It is okay to start like this
StartupFoundation.co 
Join the network of founders that share 
their progress and help each other forward

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Lean startup 101 - Online Tuesday