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Founder machine week2

Slides from Week 2 of FounderMachine startup accelerator.

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Founder machine week2

  1. 1. Founder Machine Week 2phil@flashissue.com @philhill
  2. 2. NetworkingYour Business Report Back 1 2 5 4 3 Business Canvas Experimentation Talk Group exercise phil@flashissue.com @philhill
  3. 3. Experimentation Good vs Bad? What is it? Makes money? Benefits?phil@flashissue.com @philhill
  4. 4. Zappos WebHypothesis: People wanted to buy shoes onlinephil@flashissue.com @philhill
  5. 5. Zappos Web Date: about customer demandLearned = > Interaction: effects discount pricing Surprise: wanted to return shoes phil@flashissue.com @philhill
  6. 6. The Experiment Value Hypothesis Do they want it? Growth Hypothesis Discover & adopt?phil@flashissue.com @philhill
  7. 7. Village Laundry Learned ?????phil@flashissue.com @philhill
  8. 8. Village Laundry Value = yes Growth = no truckphil@flashissue.com @philhill
  9. 9. Feedback Loopphil@flashissue.com @philhill
  10. 10. Leap of faith questions Intuit: Do people find it frustrating to pay bills online Yours?????phil@flashissue.com @philhill
  11. 11. Break Out Session • List 5 Leap of faith questions in your business • Take 1 that is most meaningful / impactful for you • Build an experiment • Present it back to groupphil@flashissue.com @philhill
  12. 12. NetworkingYour Business Report Back 1 2 5 4 3 Business Canvas Experimentation Talk Group exercise phil@flashissue.com @philhill
  13. 13. Business Canvas http://www.youtube.com/watch?v=QoAOzMTLP5sphil@flashissue.com @philhill
  14. 14. http://www.businessmodelalchemist.com/2011/01/reverse-engineering-facebooks-business-model-with-ballpark-figures.html phil@flashissue.com @philhill
  15. 15. Build Out Your Canvasphil@flashissue.com @philhill
  16. 16. NetworkingYour Business Report Back 1 2 5 4 3 Business Canvas Experimentation Talk Group exercise phil@flashissue.com @philhill
  17. 17. SummaryRun your experiment & reportback next weekRefine your business canvas phil@flashissue.com @philhill

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