The Love Story Between Open Innovation and the Lean Startup

Post on 20-Dec-2014

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By Emanuele Musa & Ruxandra Creosteanu, Babele. Presented at Crowdsourcing Week Europe 2014. Join us at the next event: http://crowdsourcingweek.com/

Transcript of The Love Story Between Open Innovation and the Lean Startup

The LOVE

STORYbetween

&

Emanuele Musa

Cofounder at Babele

Ruxandra

Creosteanu

Cofounder at Babele

How are you?

90% FAILthey waste time, moneyand effort building the

wrong product.

66%Significantly change their

original business ideabefore becoming

profitable.

The Old Way of doing BusinessWRONG

Start ups CompaniesProduct

MarketFIT

The Startup is not the mini-version of a large company

TRADITIONAL LEAN• 50 pages business plan• Focus on the soluti on• Specify all features• Development in Secrecy• Build, launch, sell• Complete product build

• 1 page roadmap• Focus on the problem• Minimum viable product• Conti nual customer input• Build, measure, learn• Conti nuous deployment

You need to get out of the building

and start learning!

What do you want to Learn?

Some examples

5000 to 75 000

• Say the food you like• Select time, money, etc.• The site propose recipes • Print your shopping list

with prices in real time

Manuel Rosso

10$ / week

Before After

Let me help you build

the perfect solution

How crowd-sourcing impacts business today?

Crowdfunding is a great validation tool for first customers

Open innovation and crowd-sourcing in Big companies

? ! ?

Open innovation and crowd-sourcing in Big companies

“opportunity to influence productdevelopment decisions throughthe new Windows Feedback app

directly within the product".

Open innovation and crowd-sourcing in Big companies

Open innovation and crowd-sourcing in Big companies

A $200 million innovation experiment where businesses, entrepreneurs, innovators, and

students shared their best ideas on how to improve our energy future.

Open innovation and crowd-sourcing in Big companies

Open innovation and crowd-sourcing in Big companies

Can the CROWD have a role in validating business models?

?!?

Problem Customer Value Proposition

Market & Substitutes Marketing Revenue Model

Activities& Operations

People & Resources Financial Plan

What about Crowdsourcing for social good projects?

collectiveintelligence

hunger sanitation

povertypollution

biodiversity

waste disposal

THANK YOU!• www.babele.co

• facebook/babele.co

• Twitter : @babele_co

• manu@babele.co

• ruxandra@babele.co