failcon 2011: 3 lessons learned from building too much

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Presentation from Oct 24, 2011 at FailCon, San Francisco. 3 Lessons Learned from building too much technology at my previous startup, Parrotview.

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Stop Building Now: 3 Lessons Learned

Elizabeth YinFailCon

October 24, 2011

Background

Timeline of activities…

June 2007 June 2008 June 2009

Product development

User testing

Sales

Marketing

TOO MUCH BUILDING

Product development

User testing

Sales

Product development

User testing

Marketing

Sales

Product development

User testing

A fully-featured product

Lesson #1

Core > Core + Featurest = 0 t = n weeks

The Maybe

“I might be able to see myself using that…”

Lesson #2

Maybe = NO

Sell off a deck

• 5 PPT slides

• MSFT Paint

• No graphic design background

• Friend of a friend email intros

• 15 min phone call

• Sale!

Lesson #3

You do not need a prototype to get a sale

It’s a race against the clock

June 2007 June 2008 June 2009

Sales

Get in touch

•Questions? elizabeth@launchbit.com

•Twitter: @launchbit

•www.launchbit.com

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