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Alisia Granville
Armando Somoza
Elina Tunyan
Noreen Whysel
The Lean Startup
Agenda
9:30-9:45: Breakfast; Arrive and settle
9:45-10:00: SLP Ritual, Agenda and Overview
10:00-10:15: The Lean Startup
10:15-11:15: Activity: Business Model Canvas
11:15-12:00: Customer Development Model
12:00-12:30: Lunch
12:30-1:30: Activity: Empathy Map
1:30-2:30: Activity: Get Out of the Building
2:30-2:45: Regroup and discuss findings
2:45-3:00 Break
3:00-3:30: Reflection Questions
3:30-4:00: Q&A: Alumni Panel
SLP NY intro ritual
In groups of two, spend 5 minutes each answering the following:
1. What went well since Tuesday?
2. What are you excited for next week?
3. What are you nervous about for next week?
https://medium.com/@geertwlclaes/when-which-design-thinking-lean-design-sprint-agile-a4614fa778b9
➔ Introduction
Lean Startup
Startups Are Not
Smaller Versions of
Large Companies
Large Companies
Execute Known
Business Models
Startups Search for
Unknown Business Models
What’s A Startup?
Source: SteveBlank.com
Activity 1:
Business Model Canvas
Breakout Groups
● 6 Volunteer Company Representatives
○ Caroline Strzalka
○ Kevin Y. Brown
○ Mark Smukler
○ Nate Littlewood
○ Raffi Kayat
○ Rajesh Kumar
○ Alternate: Amal Afroz Alam
● Everybody else, count off 1 through 6
● Sit together
WHY LEAN CANVAS?
● Entrepreneur focused
● Extremely actionable
● Shows which piece of the business model is most risky
Exercise
● 5 min: Company representative gives 1 min overview
● 20 min: Each group uses Post-It notes to “Brain Dump” for
every section of the canvas
● 20 min: Each group refine and fill out a single paper canvas
○ Identify the riskiest sections
● 20 min: Rapid fire group share (3 mins for each group)
○ Company Rep
■ Share key discoveries made by team members
■ Share riskiest sections and how you might test
Now What?
● Brainstorm an experiment to test which piece of the
business model is most risky.
● Describe the components of your business model and
how they relate to each other
● Explore different types of business models
● Develop your customer development model
➔ Turning the Business Model Canvas Into Facts
Customer Development Model
Customer Discovery
➔ Introduction:
➔ Steve Blank
https://steveblank.com/tools-and-blo
gs-for-entrepreneurs/
➔ Four Steps to the Epiphany
➔ What is Customer
Development?http://www.startuplesso
nslearned.com/2008/11/what-is-custo
mer-development.html
➔ The Lean LaunchPad
Udacity.
https://www.udacity.com/course/ho
w-to-build-a-startup--ep245
Source: SteveBlank.com
LUNCH
Activity 2:
Empathy Map
Empathy Map Canvas
➔ Who are we empathizing with?
➔ What do they need to Do?
➔ What do they See?
➔ What do they Say?
➔ What do they Do?
➔ What do they Hear?
➔ What do they Think and Feel?
Customer Validation
➔ Start with your Value Proposition
➔ How does your understanding of customer needs
and desires mesh with the Value Proposition?
➔ What questions can you ask potential customers to
validate your market?
◆ How are they Solving the Problem
◆ What are their Pain Points
➔ Get Out of the Building and Ask
Exercise
● 20 min: Each group uses Post-It notes to “Brain Dump” for
every section of the canvas
● 20 min: Each group refine and fill out a single paper canvas
○ Think about your customers’ Goals
● 20 min: Rapid fire group share (3 mins for each group)
○ Company Rep
■ Share questions you plan to ask, openers, etc.
■ Where do you plan to look for people to talk to?
Activity 3:
Customer Validation
Please return by 2:30pm
Activity 4:
Reflection
Reflection: What Did You Learn?
➔ How does this activity support your business?
➔ What opportunities do you see?
➔ What challenges do you see?
➔ How would you plan for the challenges?
➔ What actionable steps can you take?
Alumni Panel
Shastri Mahadeo
➔ Over the past 10 years, Shastry has founded
companies in the food, beverage, and CPG industry.
➔ Currently, Co-Founder/CEO of Union Crate, an AI
platform for “one-click” supply chain processes for
the consumer goods market.
➔ Founder of Bare Tea Company, Big Bites Restaurant
and Aura Nightclub and Restaurant.
Joey Nutinsky
➔ Co-Founder/CEO of Ruvna, offers live reports to
helps schools locate and account for their students in
real-time during emergencies.
➔ Co-Founder/CEO of Whitemarsh Technology,
offering computer repair and web design services.
➔ Has also worked at QVC, Engadget and MLB in
mobile products and communications
Reuben Deotsch
➔ Founder of Remy, a compliance automation platform for
managed care plans.
➔ Previously, engineering and technology lead at
Recombine, a personalized Genomics company.
➔ Founder, Sportaneous, a real time fitness discovery and
booking platform.
➔ Reuben advises & invests in early-stage startups and try
to provide mentorship for young entrepreneurs, and runs
LiveDwell.co, a co-living space in Brooklyn.
How to Build a Startup course on Udacity, by Steve Blank
● https://www.udacity.com/course/how-to-build-a-startup--ep245
Startup Tools for Entrepreneurs
● https://steveblank.com/tools-and-blogs-for-entrepreneurs/
HBR Article: Why the lean start-up changes everything, by Steve Blank
● https://hbr.org/2013/05/why-the-lean-start-up-changes-everything
Empathy Map Canvas
● https://medium.com/the-xplane-collection/updated-empathy-map-canvas-46df22df3c8a?source=link
Share-66afc6058381-1507754514
Business Model Canvas - free template
● https://strategyzer.com/canvas/business-model-canvas
So You Want to Start a Web Startup - Youtube Video
● https://www.youtube.com/watch?v=u6gZ4vk_Tw4
Startup Business Model Design (sample company)
● https://drive.google.com/open?id=0By4jVfIRGeOlaFZBdHY0WmRnNE0
Resources
Thank You!

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SLP 2018 Customer Development

  • 1. Alisia Granville Armando Somoza Elina Tunyan Noreen Whysel The Lean Startup
  • 2. Agenda 9:30-9:45: Breakfast; Arrive and settle 9:45-10:00: SLP Ritual, Agenda and Overview 10:00-10:15: The Lean Startup 10:15-11:15: Activity: Business Model Canvas 11:15-12:00: Customer Development Model 12:00-12:30: Lunch 12:30-1:30: Activity: Empathy Map 1:30-2:30: Activity: Get Out of the Building 2:30-2:45: Regroup and discuss findings 2:45-3:00 Break 3:00-3:30: Reflection Questions 3:30-4:00: Q&A: Alumni Panel
  • 3. SLP NY intro ritual In groups of two, spend 5 minutes each answering the following: 1. What went well since Tuesday? 2. What are you excited for next week? 3. What are you nervous about for next week?
  • 6. Startups Are Not Smaller Versions of Large Companies
  • 8. Startups Search for Unknown Business Models
  • 10.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 18. Breakout Groups ● 6 Volunteer Company Representatives ○ Caroline Strzalka ○ Kevin Y. Brown ○ Mark Smukler ○ Nate Littlewood ○ Raffi Kayat ○ Rajesh Kumar ○ Alternate: Amal Afroz Alam ● Everybody else, count off 1 through 6 ● Sit together
  • 19.
  • 20.
  • 21.
  • 22. WHY LEAN CANVAS? ● Entrepreneur focused ● Extremely actionable ● Shows which piece of the business model is most risky
  • 23. Exercise ● 5 min: Company representative gives 1 min overview ● 20 min: Each group uses Post-It notes to “Brain Dump” for every section of the canvas ● 20 min: Each group refine and fill out a single paper canvas ○ Identify the riskiest sections ● 20 min: Rapid fire group share (3 mins for each group) ○ Company Rep ■ Share key discoveries made by team members ■ Share riskiest sections and how you might test
  • 24. Now What? ● Brainstorm an experiment to test which piece of the business model is most risky. ● Describe the components of your business model and how they relate to each other ● Explore different types of business models ● Develop your customer development model
  • 25. ➔ Turning the Business Model Canvas Into Facts Customer Development Model
  • 26.
  • 27.
  • 28. Customer Discovery ➔ Introduction: ➔ Steve Blank https://steveblank.com/tools-and-blo gs-for-entrepreneurs/ ➔ Four Steps to the Epiphany ➔ What is Customer Development?http://www.startuplesso nslearned.com/2008/11/what-is-custo mer-development.html ➔ The Lean LaunchPad Udacity. https://www.udacity.com/course/ho w-to-build-a-startup--ep245
  • 29.
  • 30.
  • 31.
  • 33.
  • 34. LUNCH
  • 36. Empathy Map Canvas ➔ Who are we empathizing with? ➔ What do they need to Do? ➔ What do they See? ➔ What do they Say? ➔ What do they Do? ➔ What do they Hear? ➔ What do they Think and Feel?
  • 37.
  • 38. Customer Validation ➔ Start with your Value Proposition ➔ How does your understanding of customer needs and desires mesh with the Value Proposition? ➔ What questions can you ask potential customers to validate your market? ◆ How are they Solving the Problem ◆ What are their Pain Points ➔ Get Out of the Building and Ask
  • 39. Exercise ● 20 min: Each group uses Post-It notes to “Brain Dump” for every section of the canvas ● 20 min: Each group refine and fill out a single paper canvas ○ Think about your customers’ Goals ● 20 min: Rapid fire group share (3 mins for each group) ○ Company Rep ■ Share questions you plan to ask, openers, etc. ■ Where do you plan to look for people to talk to?
  • 43. Reflection: What Did You Learn? ➔ How does this activity support your business? ➔ What opportunities do you see? ➔ What challenges do you see? ➔ How would you plan for the challenges? ➔ What actionable steps can you take?
  • 45. Shastri Mahadeo ➔ Over the past 10 years, Shastry has founded companies in the food, beverage, and CPG industry. ➔ Currently, Co-Founder/CEO of Union Crate, an AI platform for “one-click” supply chain processes for the consumer goods market. ➔ Founder of Bare Tea Company, Big Bites Restaurant and Aura Nightclub and Restaurant.
  • 46. Joey Nutinsky ➔ Co-Founder/CEO of Ruvna, offers live reports to helps schools locate and account for their students in real-time during emergencies. ➔ Co-Founder/CEO of Whitemarsh Technology, offering computer repair and web design services. ➔ Has also worked at QVC, Engadget and MLB in mobile products and communications
  • 47. Reuben Deotsch ➔ Founder of Remy, a compliance automation platform for managed care plans. ➔ Previously, engineering and technology lead at Recombine, a personalized Genomics company. ➔ Founder, Sportaneous, a real time fitness discovery and booking platform. ➔ Reuben advises & invests in early-stage startups and try to provide mentorship for young entrepreneurs, and runs LiveDwell.co, a co-living space in Brooklyn.
  • 48. How to Build a Startup course on Udacity, by Steve Blank ● https://www.udacity.com/course/how-to-build-a-startup--ep245 Startup Tools for Entrepreneurs ● https://steveblank.com/tools-and-blogs-for-entrepreneurs/ HBR Article: Why the lean start-up changes everything, by Steve Blank ● https://hbr.org/2013/05/why-the-lean-start-up-changes-everything Empathy Map Canvas ● https://medium.com/the-xplane-collection/updated-empathy-map-canvas-46df22df3c8a?source=link Share-66afc6058381-1507754514 Business Model Canvas - free template ● https://strategyzer.com/canvas/business-model-canvas So You Want to Start a Web Startup - Youtube Video ● https://www.youtube.com/watch?v=u6gZ4vk_Tw4 Startup Business Model Design (sample company) ● https://drive.google.com/open?id=0By4jVfIRGeOlaFZBdHY0WmRnNE0 Resources