What adding value looks like

One of the first pieces of startup jargon you’ll hear when creating a company is the importance of focusing on pain points, and adding value.

It’s a simple idea: talk to potential customers, find out what’s not working, create an experiment that addresses that pain point, and see what happens.

In lean startup language this is often called a MVP (minimum viable product) but it’s been around since the scientific method was invented, and maybe even longer.

For the most part, big data sets aren’t necessary at this stage. If you listen to your customers, look at their habits with respect to your product vs. what they do otherwise, you’ll find out quickly if you’re adding value to their life and/or work.

But adding value can work in a lot of ways, not all of them are real and/or sustainable on even a medium range much less long-term. Lyft and Uber used claims of revolutionizing transportation to create artificial growth and “solve” a pain point for consumers. Yet, both companies have heavily subsidized the cost for a majority of riders, and lost billions of dollars each year.

Read More

Frameworks for creatives / entrepreneurs / startups

About 5 years ago I started collecting frameworks. 

At the time, I'd just made the jump from a more corporate situation to a venture-backed startup in San Francisco. As an operations manager, I was basically put in charge of structuring and opening new product lines, both from a technical and brand/marketing perspective. 

No matter what I was working on, there was always a jump, a gap to be hopped across that included some risk. Usually, that meant finding a way to test or experiment, and then operationalizing what I learned into product growth.

The end result rarely matched the early expectations. Over time I started absorbing different approaches, including the lean startup, agile, and customer development focused models that entrepreneurs like Steve Blank champion. 

I also noticed that no matter what you were working on - turning a passion into a business, starting a startup, working at being a working musician, artist, designer, writer, or other creative - a 50 page, 5-year plan pretty much becomes obsolete within a year. 

Enter frameworks. I started collecting them in a public google doc and sharing them.

Truth is, most of the time you need a minimum amount of planning, think of it as structuring an experiment, but until you have validation that something works putting a ton of time and/or money into it doesn't make sense. 

Frameworks fill the gap that occurs early on in any idea, project or business, they illustrate the risk you're taking, and in some cases make clear the risks you don't want to take. 

5 years on, that document now includes frameworks for connecting online / finding jobs, spec'ing creative work, pitching a story to media and journalists, marketing from scratch for creatives and startups alike, evaluating data, and testing your own beliefs about your product. 

I also deliberately created frameworks that are gender neutral, and that aimed at increasing access to startups, tech, entrepreneurship, and creativity.

At the most basic level, having a clear framework for each new product, project, idea, etc. gives the creative or entrepreneur a place to start. It makes the unknown knowable, and opens up opportunities.

Last but not least, a good framework also spurs the best kind of questions, the ones that haven't been answered and/or don't already have a financial or business purpose, as Olia Lialina notes in an essay on media, mediums, technology, and art

"...take time to formulate questions that can not be answered by monopolies or by observing the monopolies."