The Art & Science of Building World Class Technology Products

The Art & Science of Building World Class Technology Products

@amitranjan

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2 months ago 294

Tech #products #science #internet #building #howto #art #startuplessons

The Art & Science of Building World Class Technology Products

@amitranjan2 months ago

The Art & Science of Building
World Class Tech Products
12 Lessons from the Startup Trenches
A…

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“It takes a combination of art & science to build world class products.
Creating something from n…

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Startup - From First Principles
Create → Repeat → Scale
“A startup is a temporary organization
…

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2
Startup Life Cycle
Discovery
Validation
Growth
Concept / Ideate Build / Iterate / Validate S…

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3
Minimum Viable Product
Build
Learn Measure
Pivots Experiments
Metrics
MVP is an early versi…

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Rationale for MVP: Startups ≠ Perfect
“If you are not embarrassed by the first
version of your p…

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4
Product Market Fit (PMF)
PMF is the degree to which a product
satisfies a strong market dema…

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How do you know you have PMF?
*illustrative examples
Consumer PMF looks like*
❖ Organic growth …

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5
Startup Funnel Metrics
Revenue
Referral
Activation
Retention
Acquisition How users find yo…

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Simplified Funnel Metrics
Stripped down version of Funnel Metrics
❖ Acquisition
❖ Retention
❖…

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Speed Now. Scale Later.
6
❖ Speed is a startup’s
secret weapon
❖ Done > Perfect

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Virality = Focusing on Width (v/s Depth)
7
❖ Virality is ability of an
object to self replicate…

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3 Point Thumb Rule for Product Prioritization
Product Features (prioritizing for a product)
❖ Met…

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Prioritizing Product Feedback
❖One person's opinion (OPO) / Highest paid
person’s opinion (HiPP…

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Focus on your core, Outsource non-core complexity
10
❖ Cloud: AWS, Azure
❖ Hosting: Digital Oce…

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Consumer (B2C) SAAS (B2B)
Building for End Users End Users / Buyers
Key Focus User’s emotional ne…

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Manage the Holy Grail – Failure, Risk, Ambiguity
12
Failure Risk Taking Ambiguity
MVP, Lean, Agi…

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https://twitter.com/amitranjan
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http://in.linkedin.com/in/amitranja…

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References
❖ http://steveblank.com/2010/01/25/whats-a-startup-first-principles/
❖ http://www.paul…

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@amitranjan

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- @amitranjan
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Building impactful tech products requires a combination of both art & science... sharing some career learnings on this topic via this deck!

The Art & Science of Building World Class Technology Products

@amitranjan

12 lessons from the startup trenches on "The Art & Science of building world class technology products & services"

Tech

#products #science #internet #building #howto #art #startuplessons

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