Posts Tagged ‘startups’

Lean Products = Faster Adoption

Friday, November 19th, 2010

Photo Credit: Simon Peckham

Building a startup is challenging…consumer facing, enterprise or some other product type, you need customers/users to turn your startup into a business.  Most new internet based business models aren’t even relevant until the product reaches some type of critical mass.  If that is the case, you better start building fast…because since you can’t depend on cash flow to sustain your business, you’re talking about burning investment money one day at a time in pursuit of profit.

Figuring out how to create “viral adoption” is the now the holly grail of user acquisition.  A strategic invite feature hear, some gaming elements there, don’t forget to connect to Facebook and Twitter…all are method of helping create faster adoption with internet products.  However, what many fail to understand and what I am learning as I help design a product for my new startup, is it’s by far more important to adopt a “lean product” methodology first and think about user acquisition later.  Instead of thinking…”how do I get users to use my product“…think…”how do I eliminate all reasons not to use my product”.  It’s a small but extremely important distinction to make.  Be minimalistic…and don’t build something that sucks (the robust platform and the incredible product will come as your gain adoption).

As my startup goes deeper into the prototype build out we have been finding more reasons to do less.  For example, we have been thinking about building a specific feature that helps our customers communicate with businesses in a way that has not yet been explored.  However, we found that this feature will require a certain level of product adoption before it adds real value to our users.  By walking through a user case we have found that this feature will most likely create too much mass and noise in the early stages; this is the time when the user’s goal on the platform should be dead simple to identify.  By creating this feature too early we will give our users another feature to manage and might not fulfill their exceptions…potentially giving them one good reason not to use our product.

Our product team and myself has found a few other examples just like this…which has been effectively moving us to a leaner product and hopefully less reasons to say no and one great reason to say yes.  By reducing the moving parts you maintain clarity of focus and thereby will minimize objections to your product and increase the chances to create a positive network effect

…make it a no brainer.

Photo Credit: Simon Peckham

When Do You Know You’re an Entrepreneur?

Tuesday, June 29th, 2010

As an “aspiring” entrepreneur I constantly asked myself,  “How do I know that I am an entrepreneur?”.  Being conditioned to “know” something is something through tangible and transitional reasoning I had no way of identifying myself as an entrepreneur.

Today I can confidently say that I am an entrepreneur. I am one, because I say I am, I feel I am and I make a unique contribution to the world.

Here’s me diving deeper into this topic…

When did you know you were an entrepreneur?  What is an entrepreneur in your mind?

Having Foolish Friends is a Great Thing!

Monday, January 25th, 2010

friends daniel gibson brenton gieser

Most likely this post will come off as a shameless plug for my good friends’ websites, startups and projects…so be it…they deserve it!

After spending a little time with one of my best friends and checking out his ridiculously hilarious, well written and random website Finding Wood (launches today might I add) something struck me as it sometimes does.  I thought to myself: my friends group of friends are like no other group!  I am proud to say that many of us bypassed the young professional martini sipping lifestyle for the young entrepreneur 12am tea drinking  culture.  I am excited to say that amongst my friends, unordinary has become ordinary.

I have grown through my 20′s along side the best friends a person my age could wish for.  Yes we show each other nothing but support and love  but far beyond that we never allow each other to settle.  Each of us has sacrificed comfort and conventional success for our dreams (or at the very least what makes us happy).  I am proud to have the friends I do and owe much of my current and future achievements to them.

Daniel: My best friend and constant supporter.  This guy has backed me since the  2nd grade.  I’ve never met a person more capable when he puts his finger on what he wants.  I’ll always look up to Gip.

Kyle Rutty: His creativity scares me…literally.  Someday you will see him on SNL, but for now you can find him at FindingWood.com.  He has lived the classic story of  becoming a special government agent only become a coffee shop literary samurai (but I’m sure you have heard that before).

Wafi: Waf is a friend that will never leave your side, even if you want him to.  His knack for business and his ability to get things done impresses the hell out of me.  He always seems to be doing something big…next month is is launching MyCollegeSpot.com.

D Man: Derek taught all my friends that education must be pursued far beyond school.  Even better, real life education comes from investing in yourself and your business.  He is responsible for teaching me about system based businesses.

Killa Cam: Cameron never settles.  He lives life the way it is ought to be lived…whatever way he wants to.  He has built CampusBooze.com up to be the main resource for thousands of college students trying to get drunk for cheap.

Austin- Every group of friends needs their Tim Ferriss.  You know the guy that travels the world while building his startups?  Ya that guy.  He teaches the world how to do it at FullFoundation.com.

Sam- Sam will change the face of preventative health care.  He better, I’ve listened to him talk about it for too long for him not to.

Cath- I have never met a college student with so much drive and vision.  When I was her age I couldn’t see past Thursday nights in Downtown Santa Barbara.  I am so proud to be her boyfriend!

Plus all my other great friends who are foolish like me….JC$, Javi @ StuVu.com, Max….the list goes on.

If I could recommend on thing for young folks right out off college, entrepreneurs or anyone trying to get the most out of life, it would be to surround yourself with abnormal people…they will help you live an abnormal life!

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