How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh
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Transcript of How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh
![Page 1: How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh](https://reader036.fdocuments.net/reader036/viewer/2022070516/587326331a28ab596c8b4b3b/html5/thumbnails/1.jpg)
Lean Startup = Save $$$
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How do we stay lean?
![Page 5: How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh](https://reader036.fdocuments.net/reader036/viewer/2022070516/587326331a28ab596c8b4b3b/html5/thumbnails/5.jpg)
Done > Perfect
BUILD
MEASURELEARN
![Page 6: How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh](https://reader036.fdocuments.net/reader036/viewer/2022070516/587326331a28ab596c8b4b3b/html5/thumbnails/6.jpg)
Data > Intuition
BUILD
MEASURELEARN
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TOEFL is not like other tests
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And the feedback says…
• It would be better if Magoosh provides a service for grading speaking and writing answers submitted by students.
• Plz include score validation for speaking and writing
• I’m sure most people on the survey mention this, but I really wish the Speaking and Writing section of Magoosh was actually graded.
![Page 11: How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh](https://reader036.fdocuments.net/reader036/viewer/2022070516/587326331a28ab596c8b4b3b/html5/thumbnails/11.jpg)
Let’s solve this!
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The excitement rabbit hole
Photo courtesy of Flickr user aldenchadwick under the Creative Commons 2.0 license
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But wait…
Done > Perfect
Data > Intuition
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Let’s try a test (Done > Perfect)
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The grading process
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Results (Data > Intuition)
Photo courtesy of Flickr user César Astudillo under the Creative Commons 2.0 license
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Cost of the experiment
$3K to $5K
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Cost of the actual solution
$30K to $50K
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Lean = Validation = Profit
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Building a lean culture