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  1. A lean startup attempts to solve a problem scientifically by using specific principles and processes. The idea of a lean startup comes from Eric Ries, who has written extensively on it in a book. According to him, these are five main principles for creating lean startups- 1. Entrepreneurs are everywRead more

    A lean startup attempts to solve a problem scientifically by using specific principles and processes. The idea of a lean startup comes from Eric Ries, who has written extensively on it in a book. According to him, these are five main principles for creating lean startups-
    1. Entrepreneurs are everywhere-There are many types of entrepreneurs and startups. Tons of opportunities exist that entrepreneurs can take advantage of to build a successful business.
    2. Entrepreneurship is management-Startups need management just like any company. However, lean startups have a unique type. Having flexible, learning oriented management makes for a successful lean startup.
    3. Validated learning-Lean startups primarily serve customers with their products. They adapt to the needs of the target market by learning exactly what it is that customers want. Through experimentation, they find what works best.
    4. Innovation Accounting-Lean startups keep detailed records of tests and analysis to figure out what works best. They gauge progress on the amount learned about the innovation rather than the amount of new work created.
    5. Build-Measure-Learn-Lean startups hit the ground running by building the simplest product that does what it should, called the Minimum Viable Product (MVP). This goes through rigorous evaluation through tests and user feedback to collect data on how targeted users accept the product. If it works, then they learn from the feedback and make it better in an iterative process.

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  1. Yes Aakash, it does work if not in a revolutionary way then at least in some positive way. There are many examples of big companies using this methodology to gain success. Companies like Google, Facebook and many more have used this method without failing. The point is I don't see why it wouldn't woRead more

    Yes Aakash, it does work if not in a revolutionary way then at least in some positive way. There are many examples of big companies using this methodology to gain success. Companies like Google, Facebook and many more have used this method without failing.
    The point is I don’t see why it wouldn’t work. The method is not just important any business but its actually becoming necessary. Its important to investigate the consumer demand first and then create a product. It could be explained like why there should be a proper research on what’s the problem and then developing the solution rather than first making a product and then wondering what problem it can actually solve.

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  1. The lean startup methodology is meant to accelerate the growth of your firm for sure. So here are the three steps that will lead you up there. These three steps are Find, Execute and Validate. Starting with the step you need find a good business idea and for that you need to research and investigateRead more

    The lean startup methodology is meant to accelerate the growth of your firm for sure. So here are the three steps that will lead you up there.
    These three steps are Find, Execute and Validate.
    Starting with the step you need find a good business idea and for that you need to research and investigate as it can be a tricky thing and obviously its the foundation of all.
    Next, you got to build your product that is your Minimum Viable Product (MVP). The MVP is a version of the product you wish to build that will allow your team to easily collect the most data about your potential customers and their feedback on the product as possible. Hence in this step you will be executing your business idea.
    Lastly, comes the validation. Product validation is a key step in building a successful Lean Startup. In this step, it is time to experiment with your business idea in the real world. Test your MVP with real customers in the marketplace. It will help you to see if your idea is viable and to gather information that you can analyze. Use this data to decide if you should continue to build your product, edit your product, or change your business strategy.

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  1. Speaking in simple terms we can say that a lean startup is an idea for entrepreneurs to research and investigate then create a product. It can be explained as a method used to find a new company or introduce a new product on behalf of an existing company. The lean startup method is meant for developRead more

    Speaking in simple terms we can say that a lean startup is an idea for entrepreneurs to research and investigate then create a product. It can be explained as a method used to find a new company or introduce a new product on behalf of an existing company. The lean startup method is meant for developing products that consumers know they desire, so that a market will already exist as soon as the product is launched. As opposed to developing a product and then hoping that demand will emerge.
    There’s a real good book written on it, you can check out more details in this video which shows top 5 takeaways from the book.

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  1. Well I think the word describes its meaning, a pitch typically in business means presenting an idea to a potential investor while the word deck is generally used to describe slide presentations. Combining both of them we get an ideal word for what we are trying to describe by a pitch deck.

    Well I think the word describes its meaning, a pitch typically in business means presenting an idea to a potential investor while the word deck is generally used to describe slide presentations. Combining both of them we get an ideal word for what we are trying to describe by a pitch deck.

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  1. Hey Maitya, Its going to be a tricky thing for you to decide this part, trust me it is not. You just need to know that a pitch deck shouldn't be very long as it would bore anyone and not to less that it does not even convey a meaning. It should have maximum 20 slides. You may apply the 10'20'30 ruleRead more

    Hey Maitya, Its going to be a tricky thing for you to decide this part, trust me it is not. You just need to know that a pitch deck shouldn’t be very long as it would bore anyone and not to less that it does not even convey a meaning. It should have maximum 20 slides. You may apply the 10’20’30 rule to give a good presentation. Ideally, you should be as concise as possible. 10 slides are even better, as long as you aren’t overcrowding your pitch deck.
    Although don’t make it less than the 10 slides, it will look insufficient and under developed.
    Unlike a business plan, your pitch deck length will be determined by your central argument, market data, investor attention, and basic pitch deck structure.

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  1. When you are starting to create your own pitch deck there are a few things that you should probably focus more on. Start it with the slide covering the problem. It should be a way for you to explain what gap you are filling in the market. Next put up your solution, the solution needs to be concise aRead more

    When you are starting to create your own pitch deck there are a few things that you should probably focus more on.
    Start it with the slide covering the problem. It should be a way for you to explain what gap you are filling in the market.
    Next put up your solution, the solution needs to be concise and very clear. Especially if you are a tech startup, your solution needs to be scalable. Scalability is the capability of a system to increase its total output under an increased load when resources are added.
    The market is going to determine the potential exit of the investor. If you are operating in a small market also the returns could be impacted by this. Hence, describe your market properly.
    Next up put your product on the plate. This slide is all about showing screenshots of your product in action. To make it even more powerful you may want to add some description about the product itself.
    Then comes traction. Traction means having a measurable set of customers that serves to prove a potential.
    After that, you need to put up your team and the best way to showcase the team slide is by just describing the members of the leadership team you can list in bullet points what have been the two or three achievements from every member.
    A diagram is a good idea to show the investor the competitors that you have executing in your space. How you compare to them and where you land with your value proposition.
    Next, you will need to have ready your financials in Excel format as investors may want to see that after reviewing your pitch deck.
    And lastly contact details, most founders forget to include in their pitch deck their contact information. If you have a large following on social media you should include the links on the cover slide.

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  1. In a typical pitch deck there are things that are needed to attract investor or more so to make them believe why you are a potential investment for them. Starting with introduction of business and yourself shortly and then moving onto the introduction of your team. Then you got to describe the problRead more

    In a typical pitch deck there are things that are needed to attract investor or more so to make them believe why you are a potential investment for them. Starting with introduction of business and yourself shortly and then moving onto the introduction of your team. Then you got to describe the problem which your product or service is going to solve and explain why this solution is going to be effective and unique. Including examples of the product is a good idea and inclusion of traction is also important. Traction means having a measurable set of customers that serves to prove a potential. Including the size of your market if you know it is beneficial and then move on to explaining the business model in the best way possible. Lastly it typically includes the contact details, so that the other party can reach you whenever needed.

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  1. This answer was edited.

    Nice question. It brings right talent pool to the company and thereby improves operational efficiency. Also it saves time, money and effort to find new talent. Therefore, it’s a popular strategy for buyers because a good acqui-hire can bring in a lot of new talent. It has got tax benefits too i.e. tRead more

    Nice question. It brings right talent pool to the company and thereby improves operational efficiency. Also it saves time, money and effort to find new talent. Therefore, it’s a popular strategy for buyers because a good acqui-hire can bring in a lot of new talent. It has got tax benefits too i.e. the employees do not have to treat their bonuses as salary whereas they can list the money at lower tax rate, as capital gains. So, if a company isn’t able to reach their growth targets, acqui-hiring can help them make a safe turnover.

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