Learnings from Silicon Valley

Philipp Herrmannetventure.com

YES!

YES!

Oh, shit!

7

Think Radical

Solution Mindset = incremental

Solution Mindset = incremental

Pain Point Mindset = fundamental

Solution Mindset = incremental

Pain Point Mindset = fundamental

Go for 10x, not 10%

KIRCHE

Not 10%, but 10X

15

1. Think Radical - not 10%, but 10x

Focus

Typical Product Concept

Typical successful product

Typical successful product

Avoid „Featuritis“

19

1. Think Radical - not 10%, but 10x

2. Focus - avoid „featuritis“

Speed

Speed is more important than control

20:80 > 80:20

Speed is more important than control

4x 20:80 > 1x 80:20

Speed is more important than control

25

1. Think Radical - not 10%, but 10x

2. Focus - avoid „featuritis“

3. Speed - 4x 20:80 > 1x 80:20

Action

Prototype from day 1

Prototype from day 1

Test from day 1

Prototype from day 1

Test from day 1

Fake it before you make it

30

1. Think Radical - not 10%, but 10x

2. Focus - avoid „featuritis“

3. Speed - 4x 20:80 > 1x 80:20

4. Action – fake it before you make it

Failure

Lean Startup?

Lean Startup!

Lean Startup = Fail Fast, Fail Cheap

35

1. Think Radical - not 10%, but 10x

2. Focus - avoid „featuritis“

3. Speed - 4x 20:80 > 1x 80:20

4. Action - fake it before you make it

5. Failure - fail fast, fast cheap

37

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