Craig Daniel - Learning From Failure - Lean Startup Circle Boston - September 29, 2011
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Craig Daniel presents "Learning From Failure" to the Lean Startup Circle Boston on September 29, 2011. We covered two reasons startups die: the Services Death Spiral and the Rationality Trap.
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Craig Daniel - Learning From Failure - Lean Startup Circle Boston - September 29, 2011
- 1. LEARNING FROM FAILURE Craig Daniel Presentation to Lean Startup Circle Boston September 29, 2011
- 3. Most of the case studies are about successes
- 4. But it’s easier to learn from the failures
- 6. The “Services Death Spiral” A customer loves your vision So you fill the gaps with services But the product isn’t “ready” yet And you make something that furthers your vision http://www.flickr.com/photos/wittistanbulsuites/ http://www.flickr.com/photos/matthew_wynn/
- 10. How do you avoid the Services Death Spiral? -or- Split the services out to a new business entity
- 11. “ The Rationality Trap” You frantically build your MVP You received overwhelming response You got “out of the building” Your shiny new product is a ghost town
- 12. Why does this happen? Humans are horrible at predicting what they’ll do in the future Humans are irrational with their decision making & http://www.flickr.com/photos/globochem/