Think Fast, Think Big: Secrets of America's Largest Non-Profits"
Think Big, Start Small, Scale Fast
Transcript of Think Big, Start Small, Scale Fast
Think Big but Start Small and then Scale Fast
Sanjay Vijayakumar
Tips to decide your feature set for Product
Alpha v0.1
Build your product in versions with every version being usable by
customers
Most of us have a big and complex vision
But the key is to understand that every complex system
started with a simple working system
Eg: Chillr today does over 100,000 transactions per day
Here is how we built it across alpha, beta and launch
Wireframes were first drawn up
Basic screens were then designed
Code was written for a basic version which worked over SMS - to show demo to banks
to give us API’s
HDFC liked the demo and joined as First Partner Bank
More Features were then built over time learning from customer feedback
More Features were then built over time learning from customer feedback
After 2 years, Chillr does over 100,000 transactions per day
SV.CO v0.1 did not have a founder dashboard!It was introduced for Batch 3 for first time - 18
months from first wire frames
The v0.1 timeline builder was primitive but worked
At Alpha stage, build the most important feature that customers will use.
first built feature to build Timelines
first built feature to Transfer Money
Without the first early customer, both products could not have been built. Now the customer feedback drives product
evolution.
first built feature to build Timelines
first built feature to Transfer Money
So how do you pick the v0.1 Alpha
features?
Focus on the core problem you are
solving.
Build a usable product that solves one key problem the customer is
facing.
Remember: the key word here is usable.
The customer should be able to test and give
feedback on whatever you build.
You also should be able to demo whatever you build. In a
fashion that a prospective customer will immediately
realise its value.
Note: doing this effectively will mean attempting the
“Build a Product Narrative” target too.
To Do Task:
#1 List your full imaginary set of Features of v1.0
#2 List your first core set of features for Alpha v0.1
Also write down your insight in your timeline entry as to what
you learnt by trying to complete this task
Insight = new learning, action items or other todo tasks.
All because you performed this task.
Insight pointers: Try to learn from successful products that you use (Whatsapp, Facebook,
google search etc) on how the founders built the first
version.
Don’t forget to check the Rubric for
pointers.