Startup Studio Playbook: For entrepreneurs, pioneers and creators who want to build ventures faster and with higher chance of success. Master the studio framework and start building.
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Startup Studio Playbook: For entrepreneurs, pioneers and creators who want to build ventures faster and with higher chance of success. Master the studio framework and start building.
You basically become an idea generation and validation engine, and you only build stuff that really works. It’s easy to trash out week ideas if you have dozens to choose from. And while you do this, you keep your team together, even grow as some ideas will become successful. And by doing so you are building up your own critical mass of startup-buil
... See moreAn easy exercise for this is to rate all ideas on a scale of 1–5 in three categories: How severe is the problem; How big is the market; The level of confidence — based on gut feeling — you believe you will be able to build something that is innovative and that can grow fast.
the top three values of the studio approach are: Focus on values and creation; Acceleration of the company building process; Making the team antifragile.
I’m also creating a new site where I will share useful extensions to this book: sample org charts and simple basic templates for the use of creating new studios. Find all these at: startupstudio.vc
Startup studios are organizations that produce companies. Studios are not purely financial investors or mentors to startups, but are the founders and builders.
Internal Competition: Scarce central resources within a studio will lead to occasional conflict between your startups. To manage this, the Leaders of the organization need to set clear guidelines on how startups can access your core teams and what the default priorities are. Encourage regular discussions, for example Scrum-like standup meetings, so
... See moreSteve Blank has an excellent article titled “The Innovation Stack: How to make innovation programs deliver more than coffee cups” - find the link in the Appendix / Sources.
On Sunday evenings, CEOs of each project write an email to the studio reviewing the past week and explaining the agenda of the week to come. They have to specify the priority #1 of the week, how far the project is from its main targets. It’s also - and above all - a time for the CEO to stop and think in order to stand back from the day-to-day opera
... See moreThese structural problems - and how the studio approach fixes it: ● Commitment before traction: