Status Updates From 精實創業: 用小實驗玩出大事業

entering my finance bro era 🤑💹💸💰

Done with Part 2 which contained a lot of highly applicable knowledge that has been studied and proven to work in many startups.

Part 2 was mostly about how exactly to build and test an MVP, use innovation accounting and actionable metrics instead of vanity metrics to analyse the startup’s growth and be able to either preserve strategy or to pivot to another one.

Book is so far a must read for every entrepreneur

Another aspects introduced in Part 1 include the definition of an entrepreneur, startup and how big corporations may also have insider entrepreneurs or so called “intrapreneurs” and what we can learn from them.

It also provided a very rich and informative story about the early stages of IMVU (the business that the author co-founded)

Done with part 1 of the book.

Good so far, went in depth through the importance of experimentation and so called “validated learning” when building an MVP where customers feedback is the core (during the early stages of a startup) instead of spending a lot of time and resources developing and planning for a complete and full packaged product that may not even sell or appeal to the customers.

Absoluely game changing for me. The idea of validated learning really resonates with me, and taking a scientific approach to building startups makes it a much less daunting, and much more tangible process

Read the intro, the book looks promising. Looking at the coming chapters there is a great probability that this book will provide high value.

It aims to promote a new framework that has new concepts (like MVPs, acting according to customer feedback.. etc) which startups can adopt instead of going the “traditional” way of doing things (which is building a product under long period of time before launching it)

Good read, I like the 5 why's method, I intend on practicing it in my daily life rather personal/business when dealing with issues.

"Only 5 percent of
entrepreneurship is the big idea, the business model, the whiteboard strategizing, and the splitting up of the spoils. The other
95 percent is the gritty work that is measured by innovation
accounting: product prioritization decisions, deciding which
customers to target or listen to, and having the courage to subject a
grand vision to constant testing and feedback."

Audiobook

Really, very, quite good in so far…

Build, test, learn.
The most significant hypotheses to test are value hypothesis and growth hypothesis.

Success is not delivering a feature, success is learning to solve customers’ problem.

“Customers don’t care how much time something takes to build. They care only if it serves their needs.”

- cap. 6 Test, p. 109

Weeeeey, hay que fundar nuestra propia empresa

22.04.23

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20

14.04.23

To everyone that insisted on me reading this book: thanks very fucking much

11.04.23

They said this was a good book, and I didn't believe them.

30% in, and I already want to build three different startups.

Yep, it's good.

10.04.23

09.04.23

08.04.23