Live Blog – Lean Launchpad NY @sgblank

Live Blog – Lean Launchpad NY @sgblank

Tuesday Part 2 – From Columbia University

Evidence Based Entrepreneurship Notes

What’s the ideal team size for LLP? Three for Techstars, three for National Science Foundation. From @EricKoester, solo founders don’t work for sure. Two is the Steve Blank's LLP program for Incubators and Acceleratorsminimum, four is ideal, bust up teams that are five or more.

You want to be a founder of a startup. Leave what you’re doing and convince at least one person to join you. Or join someone elses team to learn the skills

If a founder says they don’t have a CTO,  it’s a perfect opportunity to develop the business case to find a technical cofounder.

Andy Sack, MIT Study, that outlines

You can teach entrepreneurship – just like you can teach art. The question is “who can you teach it to”. ONly those that raised their hands and say yes, I want to do this! When it gets hard, they will stop. Founders need to be passion and vision driven for the hard times.

To apply to the LLP program – you have to fill out a Business Model Canvas. Day one, they present their first business model canvas. It’s the attendee’s job to be ready to go day one.

Getting outside the building – 10-20 hours a week. If you don’t have the time, don’t join the program.

Standard practice on feedback – feedback comes from facilitators. Limited feedback from peers, but the peers need to provide that feedback in their grading sheet. LLP uses Launchpad Central to auto-generate the canvas. Techstars uses Google docs and Powerpoint.

Great catalog of class activities – assumptions – results and presentations.

  • Each team does a presentation of learnings
  • Each team does a two-minute video
  • Demo day becomes the results of lessons learned

Working with mentors – Andy Sack requires every team to have a printed agenda for each office hours.

Teaching Customer Discovery

Methodology Issues – Getting out of the building isn’t milling around the parking lot.

LLP has launched some new videos Getting Out of the Building – 25 new videos when completed <links to follow>

  1. Pre-planning
  2. How to interact with the customer
  3. The wrong way to do Customer Discovery or “Death by Powerpoint”

 

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