Think Big, Start Small, Scale Fast

31

Transcript of Think Big, Start Small, Scale Fast

Page 1: Think Big, Start Small, Scale Fast
Page 2: Think Big, Start Small, Scale Fast

Think Big but Start Small and then Scale Fast

Sanjay Vijayakumar

Page 3: Think Big, Start Small, Scale Fast

Tips to decide your feature set for Product

Alpha v0.1

Page 4: Think Big, Start Small, Scale Fast

Build your product in versions with every version being usable by

customers

Page 5: Think Big, Start Small, Scale Fast

Most of us have a big and complex vision

Page 6: Think Big, Start Small, Scale Fast

But the key is to understand that every complex system

started with a simple working system

Page 7: Think Big, Start Small, Scale Fast

Eg: Chillr today does over 100,000 transactions per day

Page 8: Think Big, Start Small, Scale Fast

Here is how we built it across alpha, beta and launch

Page 9: Think Big, Start Small, Scale Fast

Wireframes were first drawn up

Page 10: Think Big, Start Small, Scale Fast

Basic screens were then designed

Page 11: Think Big, Start Small, Scale Fast

Code was written for a basic version which worked over SMS - to show demo to banks

to give us API’s

Page 12: Think Big, Start Small, Scale Fast

HDFC liked the demo and joined as First Partner Bank

Page 13: Think Big, Start Small, Scale Fast

More Features were then built over time learning from customer feedback

Page 14: Think Big, Start Small, Scale Fast

More Features were then built over time learning from customer feedback

Page 15: Think Big, Start Small, Scale Fast

After 2 years, Chillr does over 100,000 transactions per day

Page 16: Think Big, Start Small, Scale Fast

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

Page 17: Think Big, Start Small, Scale Fast

The v0.1 timeline builder was primitive but worked

Page 18: Think Big, Start Small, Scale Fast

At Alpha stage, build the most important feature that customers will use.

first built feature to build Timelines

first built feature to Transfer Money

Page 19: Think Big, Start Small, Scale Fast

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

Page 20: Think Big, Start Small, Scale Fast

So how do you pick the v0.1 Alpha

features?

Page 21: Think Big, Start Small, Scale Fast

Focus on the core problem you are

solving.

Page 22: Think Big, Start Small, Scale Fast

Build a usable product that solves one key problem the customer is

facing.

Remember: the key word here is usable.

Page 23: Think Big, Start Small, Scale Fast

The customer should be able to test and give

feedback on whatever you build.

Page 24: Think Big, Start Small, Scale Fast

You also should be able to demo whatever you build. In a

fashion that a prospective customer will immediately

realise its value.

Page 25: Think Big, Start Small, Scale Fast

Note: doing this effectively will mean attempting the

“Build a Product Narrative” target too.

Page 26: Think Big, Start Small, Scale Fast

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

Page 27: Think Big, Start Small, Scale Fast

Also write down your insight in your timeline entry as to what

you learnt by trying to complete this task

Page 28: Think Big, Start Small, Scale Fast

Insight = new learning, action items or other todo tasks.

All because you performed this task.

Page 29: Think Big, Start Small, Scale Fast

Insight pointers: Try to learn from successful products that you use (Whatsapp, Facebook,

google search etc) on how the founders built the first

version.

Page 30: Think Big, Start Small, Scale Fast

Don’t forget to check the Rubric for

pointers.

Page 31: Think Big, Start Small, Scale Fast