Trevor Owens, CEO and Founder, describes Lean Startup Machine as a start-up boot-camp that follows a rigorous process, bringing some of the best start-up mentors in your community to come and coach you over a three day period.
They provide more detailed explanation on their CrunchBase profile:
"Lean Startup Machine is the world's leading bootcamp on Lean Startup methodology. Contrary to popular perception, the phrase "lean startup" implies much more than capital efficiency. It encompasses a paradigm-shifting way of thinking about how to build new companies and products, and how to bring those products to market faster.
Lean Startup Machine provides participants with a valuable framework of tools, techniques and resources designed to help early-stage companies identify key customers and iterate their products quickly. Startups face incredibly difficult odds, and the vast majority of them will fail. While lean startup methodologies are not a safeguard against failure, they do provide a foundation for real, measurable improvement."
How It Works
From their website:
"The workshop kicks off with a series of product pitches that help attendees organize into teams. Everyone works on a NEW idea. Each team then develops its problem hypothesis, solution hypothesis and a series of assumptions which are core to the success of the business.
Next, each team creates an MVP, or "Minimum Viable Product." The goal of the MVP test is to "Get Out Of the Building," speak with real customers and to collect cash or non-cash currency which serves as validation.
The process promotes a problem-centric approach to business ideation. By continuously validating and invalidating assumptions, teams are forced to pivot their solution (and even problem) toward a true customer pain; rather than creating a solution and after-the-fact seeking customers with a problem.
The event culminates with each team pitching its new solutions and its experience using the process. In this competition the winning team is not selected based on who has the best idea, but instead on which team honors the process and gains the most insights through its pivots."
Reasons to attend Lean Startup Machine
Mia Vals, of The Next Web, lists several good reasons to attend a Lean Startup Machine event:
- Meet other Aspiring Entrepreneurs
- Learn how to execute ideas that make a difference to the real world
- Change the way you work with your clients
- Every Game Has a Winner - Lean Startup Machine Has No Loser
- Stop noise and save costs
- It surpasses all your expectations
- Learn the methodology by doing
Lean Startup Machine Testimonials
How to participate
Go to the www.leanstartupmachine.com and look up your city. If it has been unlocked, i.e. accumulated enough interested attendees, you can sign-up for further information. Otherwise, you can sign-up and help to unlock your city!
If you are by any chance Norwegian, or from the Nordics, help us unlock Lean Startup Machine Oslo!
If you're looking for a fun and engaging way to teach and learn Lean Startup and Innovation, check out our award winning board game - Playing Lean!