Lean ‘pre-party’ at the next StartupQ8 meetup

(This post is for registering to attend the broadcast of recorded highlights of The Lean Startup Conference on December 15th. If you are interested in watching the event LIVE, please contact us).

 

On December 3, the biggest names in the Lean Startup world and a slew of entrepreneurs will gather at The Lean Startup Conference in San Francisco. StartupQ8 was named the official simulcast partner for Kuwait City and will broadcast selected highlights of the event at the next StartupQ8 meetup, free of charge, on December 15th. Join us to watch, learn and discuss how to be more innovative, use people’s time better, and be more successful.

 

Attendance is free of charge. If you’d like to attend, please visit  http://www.eventbrite.com/event/4755404543 to register.

 

Whether you’re new to Lean Startup methods or have been putting these practices to use in your organization, this event promises to educate and inform. The Lean Startup Conference brings together innovators from startups, Fortune 500 companies, government agencies and non-profit organizations to share lessons for building profitable lean organizations. More than 30 entrepreneurs will speak about their first-hand experiences, with keynotes including:

–  Marc Andreessen, co-founder and general partner at Andreessen Horowitz

–  Steve Blank, serial entrepreneur, author, lecturer at Stanford

–  Beth Comstock, chief marketing officer at GE

–  Eric Ries, author of The Lean Startup

 

The complete speaker list can be found on http://leanstartup.co/speakers-mentors

 

While knowledge about the new science of entrepreneurship has gone global, startup ecosystems are always local. Come to the next StartupQ8 meetup at Global Tower at 4 pm on December 15th to meet fellow Kuwait-based entrepreneurs interested in creating and managing successful startups. We will be showing the best speeches from the conference until 7 pm, when the StartupQ8 meetup commences. A detailed blog post about the next meetup will be coming soon.

 

If you have any questions or comments, please contact us on twitter (@StartupQ8) or via the comments.

 

“Lean Startup isn’t about being cheap [but is about] being less wasteful and still doing things that are big.”

                                                                   – Eric Ries

 

Attendance is free of charge. If you’d like to attend, please visit http://www.eventbrite.com/event/4755404543 to register.

 

To learn more about the conference and its speakers, visit The Lean Startup Conference at http://leanstartup.co/. Read about the Lean Startup movement and principles at http://theleanstartup.com/ or on our earlier blog post at https://startupq8.com/2012/11/07/guest-post-what-is-a-lean-startup-by-mijbel-alqattan/

 

Guest Post: What is Lean Startup? by Mijbel AlQattan

Mijbel F. AlQattan is a founding partner at Cubical Services, where he provides advisory and incubation services for startups (both technology and traditional). His areas of expertise include business model development, business plan analysis and financial analysis for startups. He is speaking about the Lean Startup methodology at today’s StartupQ8 meetup, and is introducing the concept in a guest post here:

Lean Startup methodology is a new way to approach building scalable startups. As has been discussed in this blog, the difference between a startup and a small business is that startups have significant business model risk, whereas small businesses have implementation risk. Silicon Valley entrepreneur Eric Ries defines a startup as “a human institution designed to create a new product or service under conditions of extreme uncertainty.” So he set out to devise a methodology to develop successful products in those uncertain conditions, and the Lean Startup movement was born.

Lean Startup methodology is a set of practices designed to minimize the negative effects of business model risk. At its core, it preaches that you should form a set of hypothesis around your main idea, construct a minimum viable product to test those assumptions, test and analyze the results, then iterate. Central to the lean startup theory is the “Build-Measure-Learn” feedback loop. That is the essence of what the startup should be about: Ideas become products, customer response is measured, results are analyzed and the entrepreneurs decide whether to pivot or persevere.

The methodology is being widely embraced by technology entrepreneurs worldwide. Success stories like Instagram and Groupon used methods derived from the Lean Startup tenets to build their successful products. Clearly, there are also examples of successful companies which don’t particularly embrace these methods, so success stories alone shouldn’t convince you of the validity of lean practices. However, the methodology is sound and it teaches you to focus on solving customers’ needs, which is paramount to the success of any business.

If you’d like to learn more, please let us know in the comments, or attend tonight’s StartupQ8 meetup in Kuwait City at 7 pm (details here).

Must Read List for Entrepreneurs

These 4 books are the books that you must read before you start your Startup:

1- The Startup Owner’s Manual (Steven Blank)

This book is a full updated version of Steve Blank previous book “The Four Step to the Epiphany”. The Startups Owners Manual is a step by step book for co-founders to start a business. It shows in details how to get feedback from your customers until you arrive at your Product Market Fit (or Perfect product). Steve Blank is famous for developing the Customer Development methodology, which explained in details in the book.

2- Lean Startup (Eric Ries)

Lean Startup is a new concept that made a revolution in the startup world. If you ask any startup these days, they’ll tell you that they’re going lean. That implies they are always trying to minimize waste (waste here means less wasted time, effort and money). Lean Startup cycle is built in three steps: Build, Measure and Learn. Every person or organization trying to build something innovative or new, they must read this book.

3- Business Model Generation (Alex Osterwalder)

Business Model Generation or Business Model Canvas is replacing business plans (I talked about this a bit in a previous post Burn Your Business Plan).

4- Crossing the Chasm (Geoffrey A. Moore)

This is the most important book in marketing and sales for startups. You will realize that all of the previous books will use terms and methodologies from this book. Crossing the Chasm will teach you how to identify your market segments and how to target them.

Of course there are other books that should be in your reading list, but these are the books that you must read before starting anything.

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