A Wrong Way to Pivot: The Rebound

Posted by Boris Grinkot on

Entrepreneurs are suckers for great ideas. We fall in love with them. We are blinded by that love. And no matter how much our customers tell us that it’s not going to work out, we choose to persevere. What happens when entrepreneurs are forced to validate their assumptions? Following the...

1 Workshop + 100 Students + 20 Mentors = A Life Changer

Posted by Boris Grinkot on

The Lean community in Toronto is strong, and the inaugural Lean Startup Machine Toronto workshop packed the house with around 100 attendees and 20 mentors. As is often the case, the attendees fell into one of three categories:
  1. Companies that bring their entire teams to work on a new or ongoing...

Corporations Are Startups Too

Posted by Boris Grinkot on

Chances are your day job is with a company that has been around for a while, perhaps decades, with a stable product mix and customer base. But startups are cropping up across all industries: not just in tech, but in healthcare, finance, publishing, education, fashion, etc. This means that...

Building a Premium Product? Check Your Price Ceiling

Posted by Christina Coleman on

In an uncertain economy, a premium product can be a surprise hit. People have stood in long lines for the iPad, fought their way to a cash register with PlayStations, and got on waiting lists for the Prius. Is your startup based on the assumption that your customers will pay a premium for your...

An LSM Story: It’s a Dog-Eat-Your-Assumptions World

Posted by Michael Chiang on

A few Sundays ago, I lay in bed, sick as a puppy, staring at an email fromGary’s Guide about upcoming events for startups in the city. I confess that I hadn’t heard of Lean Startup Machine before, but this event featured the who’s who of the entrepreneurship world, so I figured that I had nothing...

When Your Customers Just Don’t Get It

Posted by Boris Grinkot on

Matt Munson, Todd Emaus, and Steven Bull have three successful companies under their belts, including BoomStreet that was sold to Tippr last year. They started Acceptly—a tool to help students track their progress through the college application process—in May of 2011 after hearing an NPR story...

Lean Lessons Learned: 17 Tweetable Takeaways

Posted by Grace Ng on

At LSM, we eat our own dog food: we want to learn from our workshop attendees about their experiences, so that we could iterate and make it better with each event. At the end of the January 2012 Lean Startup Machine in Palo Alto, we put the exhausted participants on the spot to answer several...

Lean Chicago: Cash Monies in 2.25 Days

Posted by Marcy Capron on

This past weekend I mentored and judged at Lean Startup Machine Chicago (#LsmChicago), and it was an incredible mix of education and competition.

Don’t be a vanity startup

A ton of future founders (of all talent/skillset varieties) show up at the location, pitch their ideas, and then team up (2-5...

Lean London: 5 Things Your Startup Must Do in a Weekend

Posted by Pascale Scheurer on

Ever get the feeling everyone else will be having more fun than you at the weekend? You might be stuck in the office working, while your friends are off doing what really matters to them: snowboarding, clubbing, pursuing a hot romance… Well if you’re an entrepreneur – really an entrepreneur – it’...