Lessons from 500 Startups on Building a Product Business

Mind the Product

Recently we had the opportunity to invite Marvin Liao, a partner at 500 Startups , to speak to us. 500 Startups is a global venture capital seed fund with a network of startup programs, and Marvin helps to run the San Francisco-based accelerator program.

How to Communicate When You’re Founding a Startup

Mind the Product

As such, for their team of startup experts, communication is absolutely key. Once you’ve got your startup or project up and running, resist the urge to ‘get building’ and take a minute to speak to people.

Trending Sources

9 Ways to Validate Your Startup Ideas

280 Group

The post 9 Ways to Validate Your Startup Ideas appeared first on 280 Group Product Management. This is a guest post by Scott Davis. Setting up your own business is one of the most rewarding and fulfilling things in the world. It is a validation of your skills and knowledge.

Startups are cheaper to build, but more expensive to grow – here’s why

Andrew Chen

Startups should be getting cheaper to build. Some providers, such as Microsoft, have started providing their services free to startups, in the hope of turning them into paying customers as they grow. Startups are raising more money to get to traction.

Building a Product Startup Within an Agency

Mind the Product

Let me explain: Why a Product Startup? Nevertheless, building a product startup within an existing business comes with its own challenges, not least trying to find new ways of working which are appropriate at a different size and scale. Why all Agencies Should run a Product Startup.

3 Pillars of the Most Successful Tech Products

Nir Eyal

Ninety-two percent of startups fail within three years. Building Better Products How to Start-Up engagement startup technologyIf you’ve started a tech company to make a lot of money, chances are you’re bad at math—or simply delusional. Statistically speaking, your odds of a big-time payday are somewhere between zero and almost zero. Only one percent of apps in the Apple App Store are financially successful. […].

Why Product Managers Should Learn to Code

Mind the Product

I’ve had all sorts of job titles; digital marketer, growth hacker, creative technologist, UXer, startup product person, product strategist, product owner, lean coach and consultant. I’ve been a startup founder – when I completely tanked my first foray building product.

Get Your Team Experimenting More by Using One Little Word…

Mind the Product

For me, as for many, the idea of applying a scientific approach (experiments, hypothesis, etc) to product management came from Eric Ries in Lean Startup. Lean Product Management Product Management Basics Product Management Characteristics Lean Startup product planning

Lean experiments: Tristan Kromer on better product process

Mind the Product

I spoke to Lean Startup coach Tristan Kromer at Lean Startup Week earlier this month, where he presented a workshop about a “lean experiments toolbox”. He is also editor and primary author of the Real Startup Book and runs lean consulting firm TriKro LLC.

TEI 080: Innovate like a startup – with Michael Docherty - The Everyday Innovator – Resources for Product Managers and Innovators

Product Innovation Educators

When established companies decide they need to be more innovative, they often talk in terms of acting more like a startup. But acting like a startup is much more challenging in reality, especially for larger organizations. Instead, established companies can partner with startups.

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Understanding how Design Thinking, Lean and Agile Work Together

Mind the Product

Product Design Product Development Process Product Launch Product Leadership Agile Culture Design Design Thinking Lean Lean Startup Product Development product leadershipThe ideas of Agile are great.

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What Should Product Managers Do When Their Main Product Fails?

The Accidental Product Manager

They are a Silicon Valley startup that attracted a lot of attention. Pretty much any product manager that you talked with would tell you that they’d love to be working for a Silicon Valley startup. Product blood tests Edison Elizabeth Holmes hand-held minilab peer reviewed Silicon Valley startup Theranos trustTheranos is in bad shape, but they have introduced a new product Image Credit: Wikipedia.

Making My Underwear an accessible product

Mind the Product

Product Design Product Launch Product Management Startups Product Focus strategy user researchThis is a story about My Underwear. Not my underwear —  but “My Underwear” — the mobile game for children from my old game studio.

Managing up as a newbie product manager

Roadmunk

As PMs, we should be a wealth of product knowledge—especially at startups. As PMs, we should be a wealth of product knowledge—especially at startups. I’ve been Roadmunk’s newest product manager for 120 days (give-or-take).

Julie Zhou – Building a Culture of Growth

Mind the Product

When a startup or new product starts to get some traction, there often comes a decision to hire someone to manage growth without a full picture of what that will actually entail. Organisation Product Management ProductTank San Francisco Video Culture Growth hiring marketing startups

Good Products Start With Good Questions

Nir Eyal

Building Better Products Design Entrepreneurship product management startupNir’s Note: My friend Jake Knapp just published a fantastic book titled, Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days. The book details a process he and his colleagues at Google Ventures use to quickly go from idea, to prototype, to live test. Jake put together an exclusive excerpt from the book for NirAndFar.com […].

Books 37

Good Enough

Tyner Blain

With the current mind share enjoyed by Lean Startup and minimally viable products (MVP), there is far too much shallow analysis from people jumping on the bandwagon of good ideas without fully understanding the ideas.

The Compass to Validate Correctly in Actual Lean Startup

I Wonder The Value

In August, I organized Lean Startup session with one of my mentors, Guita Gopalan. But, when you apply Lean Startup in real product development, there are a lot of following questions to make the method to reality.

Talk product, eat pizza: Roadmunk’s first-ever Product & Pizza event

Roadmunk

Culture culture new product manager product product & pizza product management product management mistakes product manager product managers product meetup startup culture

Innovate like a startup–and other innovation insights for product managers Nov 3, 2017

Product Innovation Educators

12 lessons corporate innovators can learn from startups – aka, how to innovate like a startup. (1) Each week I scour articles, wading through the dogs, and bringing you the best insights to help product managers and innovators be heroes.

Freelance Consulting and Product Management – Time to Join the gig Economy?

Mind the Product

Product Management Product Management Skills Role Startups product culture product management role strategyWhen should a start-up hire its first product manager? What responsibilities should this role include?

User Behavior can Bite you – Lessons From the Product Management Trenches

Mind the Product

I am the founder of Jodi Logik , an online matchmaking startup in India. Product Management Product Management Case Studies Product Management Skills Startups

Scaling Up a Product Organisation

Mind the Product

Early Stage Startup Product Managers are Founders. In an early stage startup, the Product Manager is the founder – burning through their own cash to make it happen. Once a startup is funded, then you will usually hire your first Product Manager. Funded Startup Co-Creator.

A Certain Ratio – Bringing the Donuts 03/27/2017

Ken Norton

I spend a lot of time with startups, and a good portion of that time helping them think through organizational questions. One of the most common questions I get from growing startups is, what’s the ideal ratio of engineers to product managers? (A What's the ideal number of engineers for every PM? -. A different kind of P/E ratio.) For fun

Test-Driven Product Management at an Early-Stage Startup

Amplitude

The post Test-Driven Product Management at an Early-Stage Startup appeared first on Amplitude Blog. Product Development Startup Lessons Product Innovator SeriesThis is a guest post in our Product Innovator Series from Jennelle Nystrom, product manager at Farmstead. .

Do You Have A Problem Worth Solving?

Street Smart Product Manager

Business Cases Lean Startup New Product Development Product Development Product Management business case market sizing market validation validated learningIn order to pursue any product idea — a new product, or a new feature for an existing product — you must make sure it’s a problem worth solving.

Finding the Truth Behind MVPs

Melissa Perri

A Successful Start I learned about Minimum Viable Products like 99% of other Product Managers – through The Lean Startup by Eric Ries. If you’re interested in learning more about MVPs, I’m running a one day workshop in Paris on June 14, 2016. More information here. When I happened upon the book and Eric’s method, I […

Why your IT Project is Doomed to Fail – David Kullmann (ProductTank NYC)

Mind the Product

David is a Partner and Development Manager at CitrusByte, working with both large corporations and startups to develop innovative software solutions to challenges they may be facing. David Kullman talks to ProductTank NYC about why most projects are doomed to fail right from the very start.

Why an MVP Needs to Be a Product and Not Just a Test

280 Group

It has been popularized by Lean Startup for nearly a decade. Although Eric Ries, the founder of Lean Startup, did not invent the term MVP, I credit him for its adoption into the standard lexicon of product teams. Interestingly, during the early days of Lean Startup, the whole.[continue

Confessions of a Product Manager or ‘What I wish I’d known sooner about product monetisation’

UserVoice

Like many startups, Newsmart now cites. “Launching isn’t hard. Coming up with an idea isn’t hard. Making something isn’t hard. It’s everything that comes after that.” – Jason Fried. Having written previously about the importance of monetisation to Product Managers it came as a shock recently to hear that my own product, Newsmart (a DowJones venture), is to be shuttered after nearly 3 years. Source. Product Management

Don’t Ask People What They Want, Watch What They Do

Nir Eyal

In this interview, she chats with Max Ogles about design strategy for startups. Nir’s Note: Irene Au is a design partner at Khosla Ventures and former Head of Design at Google, Yahoo, and Udacity. She’ll be speaking at the upcoming Habit Summit in April. You can register here!) Q: You have an impressive background as […]. The post Don’t Ask People What They Want, Watch What They Do appeared first on Nir and Far. Behavior Design In Action Behavior design habit summit

Growing Pains: What to Expect When Your Startup Hits a Growth Spurt

Craft.io

There is a very specific sweet & sour spot in the life of a product startup that every entrepreneur remembers with a loving cringe – that moment in your company’s lifecycle when something clicked, months of market penetration efforts paid off and users started swarming in.

Products That Count Podcast

Mironov Consulting

We also touched on how incentive structures shape the behavior of non-product groups (such as Sales), and when a startup should hire its first full-time product manager. Products That Count has a podcast as well as a monthly meetup.

Oprah versus Spock: Advice from Dan Olsen and The Lean Product Playbook

Mind the Product

I spoke to Dan recently in advance of Lean Startup Week in San Francisco, where Dan taught a masterclass on product/market fit. ” The Minimum Viable Product (MVP) is one of the key learning methods described in the Lean Startup.

25 must-read product management articles

Roadmunk

Throughout my career as both a product manager and startup founder, there’s been one severely underrated skill I credit for much of my success—and that’s reading. What’s most critical to the success of a startup? Dear PMs, it’s time to rethink agile at enterprise startups.

The Secret Ingredient To Getting Product Innovation Done: “Internalvangelists”

Street Smart Product Manager

In Lean Startup circles, we hear a lot about finding these special breed of customers. Because they’re the ones willing to make the initial bet on the startup, because they’ve bought into the startup’s vision and potential. So you’ve probably heard of “earlyvangelists” (No? Read this post by Steve Blank, who coined the term.)

Finding the Truth Behind MVPs

Melissa Perri

A Successful Start I learned about Minimum Viable Products like 99% of other Product Managers - through The Lean Startup by Eric Ries. Someone picked up The Lean Startup , had their mind blown, and said “We should do that here!” The Minimum Viable Product was first coined by Steve Blank and then made popular by Eric Ries in The Lean Startup. In the beginning, we talked about this concept as something to validate startup ideas. lean Product Management startups

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The Best Startups Minimize Their Dimensions of Innovation

Sachin Rekhi

The best startups choose a main dimension or two of innovation and invest significant effort to truly differentiate themselves from the rest of the market along that dimension. To make this concrete, let’s take a look at the most common dimensions of innovation in technology startups.

Three Important Criteria for Evaluating Your Next Startup

Sachin Rekhi

However, in addition to these standard criteria, I'd like to suggest three additional ones that have become extremely important in my own evaluation of startup ideas. I cannot underscore enough the importance of passion when picking your startup idea.

The Evolution of Modern Product Discovery

Product Talk

The Lean Startup: Eric Ries [9:49]. The Lean Startup. The Lean Startup encouraged us to ask, “Does anyone want our solution?” Many of you may guess what it was, but about five years ago Eric Ries launched The Lean Startup.