Teach Me How to Startup

Lean Startup Machine Launches Validation Board, A Free Tool to Vet Your Startup Idea

Lean Startup Machine Valuation Board

Sometime around hearing the umpteenth pitch for a location-aware, mobile, social events recommendation tool, one starts to wonder if the founders ever really questioned their basic assumption: that anyone would download yet another one of those apps when none of their friends are on it.

Lean Startup Machine CEO Trevor Owens wants to help with that. Today, he’s launching a free product development tool called the Validation Board that help startups crystallize things like their “Riskiest Assumption,” which ideas have been “Invalidated,” and what constitutes a “Minimum Success Criterion.” Read More

Cowork With Me?

Hey Startups, M-RGE Is Offering $1 Million of Free Coworking Space and Classes at AlleyNYC

Jason Saltzman AlleyNYC

On a muggy evening earlier this week, Betabeat made the short, sweaty walk down to AlleyNYC, a new 16,000 square foot coworking space at 500 Seventh Avenue and 37th Street. We had some inkling we might be onto the next big coworking hub when an entrepreneur on the elevator ride up to the 17th floor said he felt obligated to drop by because he heard about the space twice in one week.

Even after hours, the place was still humming with activity. The mats in the yoga room were unoccupied, but members milled about the lounge, worked heads down in one of the spacious main rooms or huddled with cofounders in the 24 private offices, which are already at capacity even though the space just opened in August. A new platform for entrepreneurs called SocialChange.is was setting up a demo and with bowls of pretzels and other snacks laid out for the event.

The vibe was remarkably congenial; high-fives, daps, and backslaps abounded. Read More

the startup rundown

Startup News: While You Were Gone, It Got Warm

Columbus circle as seen from CityMaps

WICKA WICKA. Turntable.fm is in the big leagues now as the young music based social platform signs deals with Sony BMG, Universal, EMI and Warner, TechCrunch reports. Turntable has over one million users now and a new mobile app since September.

HIPSTARTER. San Francisco based Indiegogo, a crowdfunding platform with offices in Soho that competes with Kickstarter, announced the perfection of their “gogofactor,” a proprietary algorithm that ranks projects based on popularity and viability. This makes Indiegogo the only crowdfunding platform with this type of merit-based ranking functionality. Your move, Kickstarter. Read More

Bridging the Gap

Corporations Want To Be Lean Startups Too

lsm-corporate

This is a guest post by Trevor Owens, founder and CEO of  the Lean Startup Machine, a three-day workshop on Lean Startup methodologies. Mr. Owens has also been a guest speaker at Princeton, Columbia, Fordham, and New York University.

The implications of the Lean Startup movement have been significant for entrepreneurs all over the world. At long last, founders are spending less time building products in isolation, and more time embracing their customers. Validating assumptions early and methodically has allowed entrepreneurs to fail fast, turning startup failure into a scientific process that ultimately leads to success. This movement, however, may have even bigger implications in store for established companies. Lean Startup isn’t about being cheap, but about being less wasteful and still doing things that are big.”

Can Corporations Be Startups Too? Read More

Business Models

The Lean Machine Hits the New York Startup Scene

eric reis

“There is no point in building a mousetrap, if there aren’t any fucking mice around,” said Patrick Vlaskovits, leaning his back against the wall in the kitchen of General Assembly. The broad shouldered Californian was in town for the weekend as an advisor to the aspiring entrepreneurs participating in Lean Startup Machine, a 48  hour event where 12 teams conceived, built and tested a business. “A lot of engineers are great at building things, but not at finding out what customers really want.” Read More