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LessonCast: Tristan Kromer on Hot Chicks and Rock Bands

Lean Startup Machine on February 25, 2012 20:23

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LessonCast: Tristan Kromer on Testing Behaviors and Faking a Market

1. Entrepreneurs are like garage bands that imagine themselves as having a huge, raving audience. A "lean musician" is a cover band. What are they doing right that entrepreneurs must be able to imitate in their customer development?
2. Typical entrepreneur excuse for getting millions of dollars in funding: I need to be at Facebook scale to demonstrate that my idea works. Tristan discusses how you can test value even with a minimum number of users.
3. The "hot chick principle" and pivoting.

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