5 ms·
I found the following sentence to be hard to parse: "The general answer is to pick something where the product of how fast it can be built and how excited user
by YuriNiyazov 16y ago
I found the following sentence to be hard to parse:
"The general answer is to pick something where the product of how fast it can be built and how excited users would be about it is high."
- Swizec 16y agox = speed-of-implementation(idea) y = usefulness(idea) rank(x,y) = x*y Something like that I think.
- patio11 16y agoThat is accurate parse as written. I think the even more dramatic conclusion suggested by Lean Startup is it is probably max(y1..yN)*C^(90/x), where y1 is the utility of your first idea and x is average number of days it takes you to learn one important thing (a full cycle through the idea, implement, measure, conclude loop). Scary stuff starts happening in any business when you take the limit as x approaches zero. (This came up in client work today.)
- budu3 16y agoWhat is C?
- patio11 16y agoA constant, for simplicity. Call it your lower threshold of the impact one good idea makes on your business. (I have a mental target at C = 1.05 but at YC stages there is almost certainly a company with C = staggering.)
- TheSOB88 16y agoCan you put that in the English? I am too tired to make sense of that math. I hope you do not think I am stupid for not immediately seeing the point of many seembols.
- patio11 16y ago"The value of your business is the value of your best of several products times a multiplier. You apply the multiplier once for every time you have a good idea. The number of good ideas you can have in ninety days is 90 divided by the number of days it takes you to prove an idea is a good idea."
- eru 16y ago... or prove it is a bad idea.