5 Principles for Agile & High Speed Development
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The document outlines five principles for agile and high-speed development essential for business dominance. Key principles include understanding one's endpoint, addressing customer needs, simplifying product development, iterating based on feedback, and employing a firehose strategy for growth. It emphasizes the importance of having a product demo, demonstrating customer interest, and validating payment willingness before fundraising.
5 Principles for Agile & High Speed Development
- 1. 5 Principles for Agile & High Speed Development Crucial for Dominance Bernard Leong Co-Founder, CTO Tuesday, July 13, 2010 1
- 2. Let’s start with something we know .... 500M Users 50M Tweets/Day 1M Check-ins/Day Each has successfully carved out their own dominance. Tuesday, July 13, 2010 2
- 3. Social Interactions escalate, amplify & distribute in a quick & viral way Tuesday, July 13, 2010 3
- 4. Information propagating via real-time ... Tuesday, July 13, 2010 4
- 5. The Power of Mobility Location, Location & Location Tuesday, July 13, 2010 5
- 6. Years Years Year 2010 Tuesday, July 13, 2010 6
- 7. Making the Plaform Accessible to All & Slowly Exerting Control Tuesday, July 13, 2010 7
- 8. Principle 1 “In my beginning is my end” - T. S. Eliot, “East Coker” Tuesday, July 13, 2010 8
- 9. What’s the end point for your business or idea? Business Idea Seed Stage Series A to D IPO or Acquisition? Technology Development of standard Industry Idea & Building Communities Standard Tuesday, July 13, 2010 9
- 10. What’s your Plan B? Where do you sit in the ecosystem? When do you quit? Tuesday, July 13, 2010 10
- 11. Principle 2 Make something Customers Need Tuesday, July 13, 2010 11
- 12. Chlkboard is a realtime local mobile ad network helping retail merchants to steer more walk-in traffic from near-by customers. “Ideal solution! This is what we retailers have been looking for to connect” Vivek Goenka // Carrefour // Client Jan 2010 July 2010 Tuesday, July 13, 2010 12
- 13. Principle 3: Less is More in Product Development Tuesday, July 13, 2010 13
- 14. How simple we want the process to be? Do we really need them to fill up everything? Tuesday, July 13, 2010 14
- 15. Principle 4: Iterate & Pivot based on Feedback & Analytics Tuesday, July 13, 2010 15
- 16. Tuesday, July 13, 2010 16
- 17. Principle 5: Firehose Strategy: Open the Floodgates! Tuesday, July 13, 2010 17
- 18. VALIDATION 150+ multi-industry outlet sign up 5 paying outlets @ $120-450/location/month CTR Industry Numbers Current Web Social Media Mobile 0.05% 0.52% 0.14% Chlkboard 14.4% avg Brewerkz: 17.60% Tuesday, July 13, 2010 18
- 19. Current Growth for Chlkboard 3rd Party Apps Introduction 400,000 360,000 320,000 280,000 240,000 200,000 160,000 120,000 80,000 40,000 Jan 0 Feb Mar Apr May June July Impressions Tuesday, July 13, 2010 19
- 20. 3 Key Issues before fundraising Do you have a product to demo? Can you demonstrate whether you have customers? Can you validate if the customers are willing to pay for the product/service? Tuesday, July 13, 2010 20
- 21. Final Thoughts Learn from Everyone, Follow no one, Observe the Patterns, Work Like Hell. Tuesday, July 13, 2010 21
- 22. “Chlkboard’s API stands out with regards to ease of implementation.” Gibson Tang // Azukisoft // Developer Thank you “Ideal solution! This is what we retailers have been looking for to connect” Vivek Goenka // Carrefour // Client Co-Founder, CEO, Chlkboard www.chlkboard.com Contact: [email protected] Tuesday, July 13, 2010 22