The Love Story Between Open Innovation and the Lean Startup
28
The LOVE STORY between &
-
Upload
crowdsourcing-week -
Category
Business
-
view
140 -
download
0
description
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
