Difference between revisions of "Valley of Death"
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| − | The birth of the customer | + | The birth of the customer: [[SELL]] |
The Venture is in a fight for its survival and the way it will survive is to find customers - people or organizations who will pay for its product or service. Just as the founders co-created the Demo in the previous phase, so they now co-create the solution with the customer. This is a delicate dance as it will involve many changes to the Demo in order to become a viable product. In some cases, the initial Demo will be thrown away entirely. The Demo acts as a way to get the conversation going with the customer. | The Venture is in a fight for its survival and the way it will survive is to find customers - people or organizations who will pay for its product or service. Just as the founders co-created the Demo in the previous phase, so they now co-create the solution with the customer. This is a delicate dance as it will involve many changes to the Demo in order to become a viable product. In some cases, the initial Demo will be thrown away entirely. The Demo acts as a way to get the conversation going with the customer. | ||
Revision as of 17:21, 25 March 2007
The birth of the customer: SELL
The Venture is in a fight for its survival and the way it will survive is to find customers - people or organizations who will pay for its product or service. Just as the founders co-created the Demo in the previous phase, so they now co-create the solution with the customer. This is a delicate dance as it will involve many changes to the Demo in order to become a viable product. In some cases, the initial Demo will be thrown away entirely. The Demo acts as a way to get the conversation going with the customer.
If possible, some Bootstrappers will find customers while still in the Ideation Phase.
Here again, there is a temptation to seek investor capital. However, the Bootstrapper knows that this will shift focus away from the critical dialogue with the key dance partner, the customer.
Key mantra: constraint creates innovation
This stage is similar to the Road of Trials as described by Joseph Campbell. An internal change is also happening for the bootstrapper - their delusions of grandeur and false ego are also getting slowly eroded.
