Successful Startup 101: September 2014 Successful Startup 101: September 2014 | Page 9

“Where’s the beef?” is a question that’s still worth asking today, specifically at those many startups that have jumped aboard the latest and greatest craze-”lean” everything. That’s because, when it comes to “lean,” the same question applies: Where, exactly, is the beef? Is There “V” in Your “MVP”? I find myself thinking fondly of Clara’s pronouncement whenever I have to sit through another bogus business review session where someone with the bare bones of an idea is trying to convince a group of otherwise intelligent investors that there’s a real business opportunity buried beneath all the B.S., and that (a) all the shortcomings of the story being spun and (b) all the gaps in the gospel aren’t actually problems at all. They’re not bugs, oversights, or misses; they’re the intentional result of trying to be “lean” and trying to launch “something” (not to say, “anything”) to g et the ball rolling. I’m not sure when it got to be OK to try to do the least work possible in developing  something that you are seriously trying to do well, but maybe I missed a memo or two. But when people tell me that it’s the minimum viable product (MVP), not the meat of the matter, that actually counts I remember that Clara knew better. This entire lean startup movement not only misleads and misdirects people into building mediocre products and potential services, it’s also much more of a curse than a cure. We’re encouraging an entire generation of young entrepreneurs to rush things out to prospective customers--to throw a bunch of stuff against the wall and see what sticks. In the old days, people thought this was a good way to test to see if the spaghetti was al dente, but it actually wasn’t. Pasta that sticks to the wall is most likely overcooked and too gummy to taste good. Like so many other things in life, there’s no simple shortcut or quick way to do these things right.  It takes time and craft and patience to build things that will matter and last. “Quick and dirty and out the door” sucks as a strategy for successful startups. Maybe you can never be too thin or too rich, but a startup can clearly be too lean. The ultimate goal isn’t to build skinny start-ups, it’s to build smart ones. I understand that it would be naïve to delay your launch until you thought you had every single detail exactly right. We know that even the experts can completely overlook glaring interface flaws or other obvious omissions that the simplest novice user will see right off the bat. And it’s equally arrogant to assume that you can’t learn a single thing from the marketplace or your users. But that’s a different issue.  As I see it, there’s a basic flaw in the common understanding of the “lean startup” concept, and then there are three main problems with the way most young entrepreneurs are trying to adopt and implement it. The Basic Flaw Even the best MVP won’t succeed without an MVA. An MVA is a Minimum Viable Audience (that’s my simple shorthand for a bunch of potential buyers). Long before you start creating your product, crafting your code, and designing your UI you need to find