Entrepreneur Lyle McKeany shares his experience using lean startup methodologies and the Hook Model at a Lean Startup Machine event. He challenges the conventional view of lean startup ideation by emphasizing the importance of problem-solving and pivoting. The podcast explores the Lean Startup Methodology, validation, and the Hook Model, discussing the build-measure-learn feedback loop and creating habit-forming products.
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Quick takeaways
Lean Startup methodology focuses on problem-solving before proposing solutions.
The Hook Model highlights the significance of habit-forming technology products through triggers and rewards.
Deep dives
Reconsidering Lean Startup Ideation Methodology
The conventional view of Lean Startup Ideation Methodology involves identifying a problem, testing risky assumptions with success criteria, and then engaging with potential customers before proposing a solution. However, the podcast highlights a shift away from this traditional approach, as illustrated by the speaker's experiences at Lean Startup Machine events. These events emphasized not getting fixated on solutions but focusing on the underlying problems that need solving, challenging the typical build-measure-learn cycle of Lean principles.
The Hook Model for Habit-Forming Products
The podcast delves into the Hook Model, a framework for creating habit-forming technology products. The model consists of four components: Trigger, Action, Reward, and Investment, forming the acronym ATARI. By exploring how products address users' needs through triggers, actions, and rewards, the speaker emphasizes the importance of turning products into habits for success. This model provides a strategic approach for product development, emphasizing the repetitive engagement needed to build successful and habit-forming technology products.
Nir’s Note: Lyle McKeany is an entrepreneur writing and working on an early-stage startup. In this essay, he shares his experience using lean startup methodologies with my Hook Model at the Lean Startup Machine conference. This article also appears today on Pando Daily. Follow Lyle on Twitter @lylemckeany.
The conventional view of lean startup ideation methodology is to identify a problem, test your riskiest assumption with a certain success criterion, talk to potential customers before coming up with a solution. Then pivot or persevere until you validate a solution. But it turns out that this conventional view isn’t always the appropriate approach. Here’s how my experience at a Lean Startup Machine(LSM) event in San Francisco earlier this month proves it.
Nir & Far, a podcast about business, behaviour and the brain by Nir Eyal. If you enjoy this podcast, please subscribe on iTunes and leave an iTunes review. It will greatly help new listeners discover the show. Please visit my website Nir and Far for other info about my writing, books and teaching: http://www.nirandfar.com/