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Stop Building Now:
  3 Lessons Learned
Elizabeth Yin
FailCon
October 24, 2011
Background
Timeline of activities…

                                         Marketing

                                                   Sales

                                    User testing

              Product development




June 2007               June 2008                     June 2009


            TOO MUCH BUILDING
A fully-featured product
Lesson #1



Core > Core + Features
   t=0            t = n weeks
The Maybe



“I might be able to see
  myself using that…”
Lesson #2



      Maybe = NO
Sell off a deck

                  •5 PPT slides
                  •MSFT Paint
                  •No graphic design background
                  •Friend of a friend email intros
                  •15 min phone call
                  •Sale!
Lesson #3


  You do not need a
prototype to get a sale
It’s a race against the clock




                                 Sales




June 2007       June 2008           June 2009
Get in touch

•Questions? elizabeth@launchbit.com
•Twitter: @launchbit
•www.launchbit.com

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FailCon 2011: 3 Lessons Learned from Building Too Much