Newsletter No. 13
Thibaut’s Newsletter
Fostering Entrepreneurship, Empowering Entrepreneurs
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This is a weekly newsletter of what I’ve seen or thought about the art of venturing and considered was interesting to share. My main goal is to start building a small community and a true conversation. I want to discover your own tools, techniques, thoughts and ideas. Together we are smarter; so please, comment!
See more or subscribe at www.thibautdeleval.com
This week I want to focus on the early stage of any entrepreneurial project: that crucial moment when you go from an idea to a first version of your product. What I’ve learned from my experience working with studentrepreneurs is that to succeed in that phase you must spend more time doing than thinking. And the time spent thinking must be used thinking about the data extracted from your experiments and the observation of your beta testers. Don’t work in a close laboratory. Share your progress with the world and let the world tell you when you are not progressing at all.
💭 Food for Thought
What is a Minimum Viable Product (MVP)?
The smallest thing you can build that delivers customer value (and as a bonus captures some of that value back i.e. gets you paid).
– by Ash Maurya
Stop Thinking and Start Doing: The Power of Practicing More
“What I’m starting to realize, (…), is that new knowledge does not necessarily drive new results. In fact, learning something new can actually be a waste of time if your goal is to make progress and not simply gain additional knowledge.
It all comes down to the difference between learning and practicing.”
– by James Clear
A Minimum Viable Product Is Not a Product, It’s a Process
“An MVP is a process that you repeat over and over again: Identify your riskiest assumption, find the smallest possible experiment to test that assumption, and use the results of the experiment to course correct.”
– by Yevgeniy (Jim) Brikman from Y Combinator
Tom Chi on Rapid Prototyping & Product Management
Tom Chi has practiced rapid prototyping for over 15 years, on everything from software to hardware, organisational design to entrepreneurship. And a lot of the lessons he has learned in rapid prototyping are directly applicable to the discipline of product management.
In this exceptional talk from Mind the Product San Francisco in June 2015, he shares some of his key lessons.
🔧 Some useful tools
Carrd - Carrd lets you build one-page sites for pretty much anything, whether it’s a landing page to capture emails or something more elaborate. It’s simple, responsive, and totally free.
Bubble - Bubble is web development framework and a visual programming tool. It enables non-technical people to build production-ready web and mobile apps without code.
🎁 Have a nice weekend!
This week the gift is “serious”. Steve and Mike built 6 products in 6 months and share what they have learnt in this free ebook. Enjoy… and Learn (by doing)!