Download - When the Boardroom is Bits
![Page 1: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/1.jpg)
When The Boardroom is Bits
Steve Blank
www.steveblank.com
Twitter: sgblank
![Page 2: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/2.jpg)
This Talk
• 10 Things We Learned in the Last Year
………………………
• Experienced Advice Matters
• Solving the Early Stage-Experience Gap
• The Boardroom is Bits
![Page 3: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/3.jpg)
First
10 Things We Learned in the Last Year
![Page 4: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/4.jpg)
Business Schools turned 300 years of business experience into an MBA
#1
![Page 5: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/5.jpg)
Business Schools turned 300 years of business experience into an MBA
MBA = Masters of Business Administration
#1
![Page 6: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/6.jpg)
Tech Entrepreneurship + Venture Capital is ~50 Years Old
Startups are Smaller Versions of Large Companies
#2
![Page 7: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/7.jpg)
Tech Entrepreneurship + Venture Capital is ~ 50 Years Old
Startups are Smaller Versions of Large Companies
#2
![Page 8: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/8.jpg)
Tech Entrepreneurship + Venture Capital is ~ 50 Years Old
Startups are Smaller Versions of Large Companies
#2
×oops
![Page 9: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/9.jpg)
Companies execute business models
Startups search for business models
#3
![Page 10: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/10.jpg)
Companies execute business models
Startups search for business models
#3
![Page 11: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/11.jpg)
Companies execute business models
Startups search for business models
#3
✓
![Page 12: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/12.jpg)
A startup is a temporary organization designed to search
for a scalable and repeatable business model
#4
![Page 13: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/13.jpg)
Startups need their own tools, different from those used
in existing companies
#5
![Page 14: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/14.jpg)
Startups need their own tools, different from those used
in existing companies
#5
![Page 15: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/15.jpg)
Customer Development = process to search
Business Model Canvas is the Scorecard
Agile Engineering is How We Build Startups
#6
![Page 16: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/16.jpg)
Customer Development =process to search
Business Model Canvas =the Scorecard
Agile Engineering is How We Build Startups
#7
• Research Labs
• Equipment Manufacturers
• Distribution Network
• Service Providers
• Technology Design
• Marketing
• Demo and customer feedback
• Cost Reduction
• Remove labor force pains
• Eliminate bio-waste hazards
• IP – Patents
• Video Classifier Files
• Robust Technology
• Farming conventions.
• Demo, demo, and demo!!
• Proximity is paramount
• Organic Farmers
• Weeding Service Providers
• Conventional Farmers
• Dealers• Direct
Service• Indirect
Service• … then
Dealers
• Asset Sale• Direct Service with
equipment rental• … then Asset Sale
Value-Driven
![Page 17: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/17.jpg)
Customer Development is the process used to search
Business Model Canvas is the Scorecard
Agile Development is How We Build Startups
#8
![Page 18: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/18.jpg)
Startups that pivot 1 or 2 times:
• raise 2.5x more money
• have 3.6x better user growth
• 52% less likely to scale prematurely
than startups that pivot more than 2 times or not at all
#9
Startup Genome Report
![Page 19: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/19.jpg)
Startups that pivot 1 or 2 times:• raise 2.5x more money• have 3.6x better user growth • 52% less likely to scale prematurely than startups that pivot more than 2 times or not at all
Startups that have:
• helpful mentors
• listen to customers,
• learn from startup thought leaders
Raise 7x more money and have 3.5x better user growth
#9
Startup Genome Report
![Page 20: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/20.jpg)
#10
We’ve cracked the code in teaching entrepreneurship
![Page 21: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/21.jpg)
#10
We’ve cracked the code in teaching entrepreneurship
http://steveblank.com/category/lean-launchpad/
![Page 22: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/22.jpg)
1. Startups ≠ MBA toolset
2. Startup Toolseta) Customer Development
b) Business Model Canvas
c) Agile Development
3. We have real data that this works
4. A Better Way to Teach Entrepreneurship
What Have We Learned in the Last Year?
![Page 23: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/23.jpg)
What’s Next?
![Page 24: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/24.jpg)
Hypothesis:
Experienced Advice Matters
![Page 25: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/25.jpg)
Hypothesis:
Experienced Advice Matters
![Page 26: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/26.jpg)
You 1 board at a time
![Page 27: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/27.jpg)
VC’s 6 - 12 boards at a time
You 1 board at a time
![Page 28: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/28.jpg)
VC’s 6 - 12 boards at a timeX
Avg 4 years per board
You 1 board at a time
![Page 29: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/29.jpg)
VC’s 6 - 12 boards at a timeX
Avg 4 years per boardX
2 VC’s per board
You 1 board at a time
![Page 30: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/30.jpg)
VC’s 6 - 12 boards at a timeX
Avg 4 years per boardX
2 VC’s per board=
~50-100x Pattern Recognition
You 1 board at a time
![Page 31: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/31.jpg)
You 1
![Page 32: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/32.jpg)
VC’s 50 - 100
You 1
![Page 33: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/33.jpg)
VC’s 50 - 100
You 1
(Discount for 7 Deadly Sins)
![Page 34: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/34.jpg)
50 - 100 ≥ 1
![Page 35: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/35.jpg)
50 - 100 ≥ 1
The Early Stage-Experience Gap
![Page 36: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/36.jpg)
Solving the Early Stage-Experience Gap
![Page 37: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/37.jpg)
Venture Funded companies have boards
Angel Funded companies often do not
Experienced Advice is sparse outside of technology clusters
![Page 38: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/38.jpg)
Venture Funded companies have boards
Early Stage companies often do not
Experienced Advice is sparse outside of technology clusters
![Page 39: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/39.jpg)
Venture Funded companies have boards
Angel Funded companies often do not
Experienced Advice is sparse outside of technology clusters
![Page 40: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/40.jpg)
Why Have a Board Meeting?Investor
• Fiduciary Responsibility– Company has asymmetric information– Board has legal responsibility to their Limited Partners
• Maximize Investment Potential– Board has asymmetric knowledge 50-100x experience – Good board asks hard questions
![Page 41: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/41.jpg)
Why Have a Board Meeting?Founder
• Board Guidance– 50-100x more experience = Pattern recognition– Multiple opinions across VC’s
• Board Network – Customers, Partners, Recruiting, Financing
• Obligation– It came with the check
![Page 42: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/42.jpg)
Board Meetings Are Heavyweight Processes
Antithesis of Lean
![Page 43: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/43.jpg)
Board Meetings Are Heavyweight Processes
Antithesis of Lean
![Page 44: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/44.jpg)
Board Meetings Haven’t Evolved
![Page 45: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/45.jpg)
We Act Like It’s the 19th Century
• Why do we need to get together in one room?
• Why do we need to wait a month to see progress?
• Why don’t we have standards for what you want?
• Why haven’t we adopted the tools we build/sell?
![Page 46: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/46.jpg)
How to Run a Board Meeting
• Logistics– Send out board materials 2 days before, have board dinner– Approve minutes, stock grants
• Business Highlights/Lowlights– summary of key events since last meeting
• Financials versus Budget– waterfall charts
• Management asks the board to help– strategy, markets, key hires, introductions.
• Executive session– Meet without management to discuss performance
![Page 47: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/47.jpg)
How to Run a Board Meeting
• Logistics– Approve minutes, stock grants
• Business Highlights/Lowlights– summary of key events since last meeting
• Financials versus Budget– waterfall charts
• Management asks the board to help– strategy, markets, key hires, introductions.
• Executive session– Meet without management to discuss performance
• Misc– Send out board materials 2 days before, have board dinner
Why?
![Page 48: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/48.jpg)
What’s Wrong With a Board Meeting?
• Time between meetings (every 4-6 weeks)– Strategy-to-tactic-to implementation lag– Often no follow-up on the outcomes
• Diffuse board member attention (sits on 6-12 boards)
• Punctuated Exec Staff Performance– “The Get Ready for the Board Meeting” drill– It’s often a performance rather than a snapshot
• No standards for what each side does– What is the entrepreneur supposed to be doing?– What are the board members supposed to be contributing?
![Page 49: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/49.jpg)
What’s Wrong With a Board Meeting?
• Time between meetings (every 4-6 weeks)– Strategy-to-tactic-to implementation lag
• Diffuse board member attention (sits on 6-12 boards
• Punctuated Exec Staff Performance– “The Get Ready for the Board Meeting” drill– It’s often a performance rather than a snapshot
• No standards for what each side does– What is the entrepreneur supposed to be doing?– What are the board members supposed to be contributing?
Why?
![Page 50: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/50.jpg)
Solution:Make The Boardroom Bits
![Page 51: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/51.jpg)
We Can Do This Via the Net
![Page 52: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/52.jpg)
We Can Do This Via the Net
24/7
![Page 53: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/53.jpg)
We Can Do This Via the Net
Connecting Advisors to/from Anywhere
![Page 54: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/54.jpg)
Focus on What’s Important
• It’s about the search for the business model– Not income statement, cash flow, balance sheet
• Advice/Guidance about metrics around the search– What are the Business model hypotheses?– What are the most important hypotheses to test now?– Progress of validating each hypotheses– What are the iterations and Pivots – and why?
![Page 55: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/55.jpg)
Continuous Information Access
• Founders / mgmt team invest 1 hour a week• Structured blog• Unstructured data• Formal business model canvas• Real-time advisor/board feedback
![Page 56: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/56.jpg)
We Made Students Blog Their Progress
![Page 57: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/57.jpg)
How?
• Customer Development– The Process
• Narrative– Interviews– Surveys– Videos– Prototypes
• Business Model Canvas– Scorekeeping
• Real-time Feedback• Physical Reality Checks
– Skype– Face-to-face
![Page 58: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/58.jpg)
We Made Students Blog Their Progress
It Changed Everything
![Page 59: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/59.jpg)
Interview
![Page 60: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/60.jpg)
Photos Videos
![Page 61: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/61.jpg)
Surveys
![Page 62: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/62.jpg)
Interview& Photos
![Page 63: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/63.jpg)
Competitive Analysis
![Page 64: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/64.jpg)
Key Findings
![Page 65: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/65.jpg)
A/B Test Results
![Page 66: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/66.jpg)
Key Question
![Page 67: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/67.jpg)
Strategy
![Page 68: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/68.jpg)
Business Model Canvas as the Scorecard
![Page 69: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/69.jpg)
![Page 70: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/70.jpg)
Business Canvas Change Progress
1
![Page 71: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/71.jpg)
Business Canvas Change Progress
2
![Page 72: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/72.jpg)
Business Canvas Change Progress
3
![Page 73: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/73.jpg)
Business Canvas Change Progress
4
![Page 74: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/74.jpg)
Business Canvas Change Progress
5
![Page 75: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/75.jpg)
Business Canvas Change Progress
6
![Page 76: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/76.jpg)
Business Canvas Change Progress
7
![Page 77: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/77.jpg)
Demo
Ben Mappen
Lean LaunchLab
![Page 78: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/78.jpg)
Product Demo
![Page 79: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/79.jpg)
![Page 80: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/80.jpg)
CANVAS diagram is interactive and “stateful”
![Page 81: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/81.jpg)
CANVAS diagram is interactive and “stateful”
Enter your hypotheses here
![Page 82: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/82.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
![Page 83: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/83.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
InterviewsSurveysVideosPhotosetc
![Page 84: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/84.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
Invite your advisors and investors to your project
![Page 85: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/85.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
Invite your advisors and investors to your project
They can view progressby flipping thru your CANVAS diagrams
![Page 86: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/86.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
Invite your advisors and investors to your project
They can view progressby flipping thru your CANVAS diagrams
They can post feedback and leave comments inline
![Page 87: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/87.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
Invite your advisors and investors to your project
They can view progressby flipping thru your CANAVAS diagrams
They can post feedback and leave comments inline
Get email alert when newfeedback comes in
![Page 88: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/88.jpg)
CANVAS diagram is interactive and “stateful”
Test your hypotheses andrecord learnings in blog format
Invite your advisors and investors to your project
They can view progressby flipping thru your CANAVAS diagrams
They can post feedback and leave comments inline
Get email alert when newfeedback comes in
The LeanBoard
Meeting
![Page 89: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/89.jpg)
Sign up for private beta (FREE)http://www.leanlaunchlab.com
@leanlaunchlab
![Page 90: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/90.jpg)
What Does this Change?For Angel-Funded Startups
• Angel funded startups can now get experienced advice– No longer requires board commitment for involvement
– Encourages investors who need visibility
– Ends repetition at each investor coffee
• Turns adhoc startups into strategy-driven startups– Invites investor participation in the process
– Professionalize the “throw it against the wall and see if it sticks”
• Highly time-efficient for investor and founders
• Eliminates Geography as a barrier to investment!
![Page 91: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/91.jpg)
What Does this Change?For VC’s and Angels
• For the first time a structure for “search”
• Real-time monitoring of startup progress
• Zero-lag for coaching and course-correction
• Immediate follow-up on board meeting outcomes
• Allows a single VC to multiply their reach and/or depth
• Eliminates Geography as a barrier to investment!
![Page 92: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/92.jpg)
Show Me the Money
![Page 95: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/95.jpg)
This Solves A
Real Problem
![Page 96: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/96.jpg)
This Solves A
Real Problem
I thought it was such a good idea I Just funded the Lean LaunchLab
Email me:[email protected]
![Page 99: When the Boardroom is Bits](https://reader035.vdocuments.net/reader035/viewer/2022062712/55d49784bb61eb9d698b45e0/html5/thumbnails/99.jpg)
Thanks