Lightning Talk Outline for 4/29

Lean Methodology

#Background
 * Lean startup  Eric Ries - encourages "business-hypothesis-driven experimentation"
 * Prioritizes "verified learning" over market research
 * Eliminating waste - minimize features created that don't get used
 
#MVP
  * (MVP) is the "version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort" 
  * does not account for scalability or viability - tests are there customers that want this product
    *zappos founder buying shoes from retail stores
    
#Continuous Deployment
  *similiar to agile development
  *"all code that is written for an application is immediately deployed into production,"
  * cycle times/verified learning reduced
  
#Actionable Metrics
  *only data that is directly correlated to revenue counts
  *i.e. must factor in cost of aqcuiring new users when considering number of new users per day
  
#Split Testing
  *different versions of the same product are offered to customers at the same time
  *do more people buy product x w/ feature a at price b over product x at price a?
  
#Pivot
  *company mission/products are never fixed but always subject to lessons learned
  
#Build–Measure–Learn
  *this is all intended to minimize the time and maximize the impact of Build-measure-learn loop