great product – ceo and team isn’t able to determine what it is… by themselves
Several silly thoughts which I think I worth sharing.
a) only customers can decide if product is ok or not ok
Angry Birds simplicity could be a failure and is big success. Facebook founders didn’t want it to be a company. So…. can we realy decide what is good product. It looks like not, stupid ideas can be golden mountains, golden mountains (perceive) could be stupid ideas. The key is customers (with accent on “s”). MVP could not be developed under the startup office roof, it must be put on a market. I believe
b) lean startup methodology support customers centric approach, this is why it is interesting approach.
c) simplicity looks like key feature. I think it is a feature because it must be featured inside products. Corel Studio is worse than iLife not because it is expensive, more developed, better in options – is worse because of fuzziness. iLife is better because of its transparency. Better for me, simple user, not graphic man, a mass population.
d) churn rate is something important but it exists anyway. If somebody understand what is churn rate and how to calculate it using web/mobile analytic (I didn’t for a long time, what a shame) it looks like he / she pays attention and lean startup can grow.
e) Seth says cool words: “Inherent in the process of minimal viable product, then, is a trusting, large permission base that will eagerly listen to you, try your new work and let you know what they think. And you don’t have the option of building that audience once the product is ready–that’s too late.”
Hope it was worth your morning coffee. Have a cool week.
Arek
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