To get a better understanding of this philosophy I reviewed Eric Ries’ book The Lean Startup (see the one-pager on my blog).
I already received several questions regarding the MPV (Minimum Viable Product). It looks like that people are confused and think that at least all ‘Must Haves’ must be part of the product. See attached screenshot from a online lecture from Eric Ries about this MVP. This screenshot comes from a training offered by Udemy.
Udemy (www.udemy.com) is an online learning marketplace, where 8 million+ students are taking courses. They offer 32,000+ courses taught by an expert instructor, and every course is available on-demand. You can buy course by course.
As stated they offer an online course regarding the Lean Startup. In this module you can find:
- Over 6 lectures and 2.5 hours of content!
- The basic principles of Lean Startup methodology
- How to create a system of “innovation accounting” within your company so that everyone is building products that meets customers needs
- The easiest and fastest ways to build minimum viable products so you can get your product launched as quickly as possible
- Tactics for experimenting with landing pages, A/B tests, MVPs on real customers
- What “The 3 A’s” are and how to make sure all of the metrics you look at are actionable, accessible and auditable
- And much more…
I liked the setup of these Lean Startup lectures and it definitely helps you to understand MVP, pivots, testing hypotheses, etcetera. The six videos offer introductions by Eric Ries and interviews with several people to talk about specific topics. E.g. Farb Nivi on Innovation Accounting, Hiten Shah on Creating experiments to test hypotheses, Janice Fraser on Lean user experience and David Binetti on the art of the pivot.
For those who want to hear/see more have a look at YouTube. Eric also gave a lecture at Google. See below.