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THE LEAN STARTUP
Manik Choudhary, PMI-ACP, CSP, CSPO, PSM-1
manikchoudhary99@gmail.com
Disclaimer
 These are my personal opinions on the subject and in no way represent

that of my employer.
Facts

9/10 New Products Fail !!
Source - http://business-powerpack.com/why-9-out-of-10-new-products-fail

75% of all Startups Fail !!
Source- HBR Review – Why the Lean Start-up changes Everything – May 2013

In a Startup, the chance of anything good is always under 50% !!
Source- http://www.slideshare.net/startuplessonslearned
64 % of
Software is
unused !

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Presentation by Eric Ries (Author/Speaker/Consultant, The Lean Startup) at the 'Lean Startup, Lean Investor' event on November 3, 2010 (Produced by 500 Startups & Nokia/Nokia Growth Partners)

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startupslean startupcustomer development
Product Development to Customer Development



Associate Professor at Stanford University



Has participated in 8 high tech Startup as
either a cofounder or an early employee

2003

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Customer Development
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2011
Problem & Solution
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“There Are No Facts Inside Your Building, So Get Outside.” – Steve Blank
StartUp

StartUp
=
Experiment
Searching for a Profitable, Scalable and Reliable Business Model

 A startup is a human institution designed to deliver a new product or service under
conditions of extreme uncertainty“.
by Eric Ries from the book ”The Lean Startup”
 Nothing to do with size of company, sector of the economy, or industry

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Key Takeaways

STOP
WASTING
PEOPLE’S
TIME
Achieving Failure


If we are building something nobody wants, what does
it matter if we accomplish it :
On time ?
On budget ?
With high quality ?
With beautiful design ?



Achieving Failure = successfully executing a bad plan
Key Takeaways
Presentation Title

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“Building something nobody wants is the
ultimate form of waste.” – Eric Ries

Presentation Title
Thank you !!






Manik Choudhary
manikchoudhary99@gmail.com
LinkedIn - http://www.linkedin.com/pub/manik-choudhary-pmi-acp-cspo-psm/1/54/529
Slide Share - http://www.slideshare.net/ManikChoudharyPMIACP
Twitter – #manikchoudhary9
References





http://thebln.com/2011/09/eric-ries-the-lean-startup-the-most-innovative-book-launch-ever-video-transcript-of-ericstalk-the-science-of-lean-startups-at-business-of-software-2010/
http://steveblank.com
http://theleanstartup.com/
http://www.businessmodelgeneration.com/

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