Reading completed in 2011 12/30/2011
Below are the 50 books I was able to complete in 2011 (next year I'm shooting for 52!). It's mostly non-fiction and entrepreneurship-related, but there is a sprinkle of fiction and humanities in there somewhere. Most of these books have separate blog posts written about them (you can also search). Happy holidays everyone, and happy new year! 2 Comments Notes on IMVU Method of Experimentation 12/21/2011
The New Science of Product Development View more presentations from James Birchler James is the VP of Engineering at IMBU, the very first Lean Startup founded by Eric Ries. IMVU experimented heavily on its way to tens of millions in annual revenue. In his talk, James describes how to build a culture and team of experimentation in your startup. You can watch the video and see the slides above. Below are my notes on James Birchler's talk on experimentation at IMVU. I enjoyed his talk, particularly the segments that dealt with the specifics of IMVU's processes. The Scientific Method is based on experimentation. Core:
Story of Copernicus
Giordano Bruno (burned at stake) Galileo
It was hard for these guys because the folks in charge didn't like hearing "bad news." IMVU
And cycle back to beginning Lean startup: build, measure, learn loop
Culture of experimentation: Started out as simple as this: if (setup_experiment(...) == "control") { // do it the old way } else { // do it the new way } Then later built robust experiment management system
Also built tool to calculate statistical significance
Embrace failure with exec team and whole company. Embrace failure as an opportunity to learn. Highest paid person's opinion (HiPPO) is not assumed to be correct. Reference to paper "Practical guide to controlled experiments on the web." Easy to screw up process at every stage
Don't ask customers what they want. Instead, ask customers what they are trying to do. Focus on use cases and not what they say they want. What not to do: build what customers say they want. Do this:
It takes a lot of courage to balance experience, instinct, imagination, and experiment results. "If you design a toaster oven and need to include directions for making toast, you have failed at designing a toaster oven." -Laura Klein Don't just run a bunch of experiments without a strong point of view of what trying to learn. Experiment design
experiment interpretation
Experiments are a great way to test hypotheses, not form them. Product development Build:
Make the size of the fix commensurate with the size of the problem. Handling interrupts
User testing:
Have a fixer: remove blocks, remain objective, team happiness = team productivity Technical project reviews:
Shake things up
Daily and weekly time slices 12/14/2011
I wanted to write a short post on the topic of time management, mainly asking a question as opposed to providing an answer. I'm curious to learn how readers manage their busy schedules and what time slicing method works for them. By "time slicing," I'm referring to two opposing methods that I've considered for time management:
There are clearly pros and cons to each method. Large slices allow more intense focus and less switching costs. Small slices allow more "balance" in each day and quicker responses to opportunities that come up (like for phone calls, meetings, etc.). And sometimes you don't have a choice: if you really need to meet with someone who can only meet on a day that's not your "meeting day," it will disrupt your rhythm. This decision also gets into the need to say no to various requests for help or meeting (or at least delays if not no's), which can often be painful to do. What do you do? What methods have you found useful in managing your time along this axis? Rant on poor customer service 12/12/2011
This post won't be news for anyone. I believe customer service is critical for long-term business success and customer retention, and I don't understand how business owners who fail in customer service can look themselves in the mirror without shame. In The Thank You Economy, Gary Vaynurchuk argues that the next economy we're entering into is one where direct customer engagement will be required of all companies, and those that don't grasp this will fail to survive. In Delivering Happiness, Tony Hsieh explains how striving fanatically after customer service became his company's mission. Even in Onward, Howard Schultz talks about how he got inspiration for customer service from Italy's oldest artisan cafe owners. There are some everyday bad customer experiences that I just can't believe keep on occurring. Here are a few that come to mind immediately from my personal life:
Be responsible. If your shit breaks, man up and fix it; don't try to make more money from "service." Take end-to-end responsibility for your product or service, and do whatever you'd like to have been done to you if you were the customer. It's not a privilege to be your customer; it's a privilege for you to service the customer. Get it straight; our generation has choices, access to competitive information and online reviews, and is getting more and more used to amazing service. I hope you can keep up. Help me support New Orleans start-up culture 12/10/2011
A good friend of mine from UCLA gave a speech in our first quarter about New Orleans, his hometown. Through his speech, I learned so much about the city and how much more complex and multifaceted it is than the media or tourism industry makes it out to be. When he recently told me about the NOLABound program, I was really excited. It a program to position New Orleans as a great place for start-ups and to increase awareness of the entrepreneurial culture in the city. I was really impressed with the initiative and want to do my part in helping to revive the city and increase entrepreneurship in areas outside the major tech hubs already out there. My friend encouraged me to apply to the program, and so I did. You can check out my application here. I would appreciate your clicking the Like, Tweet, +1, and inShare buttons (not only for my own application but on any other page) so that we can get the word out. Thank you. Notes on Steve Jobs by Walter Isaacson 12/08/2011
I really, really enjoying the book Steve Jobs by Walter Isaacson. It was a long book (my first three-part audiobook ever, over 17 hours of narration [definitely helps to listen at triple speed]) but very well written. Isaacson's style is very factual and to the point; lots of dialogue and many people's perspectives interlaced, and his narrative highlights all the important elements of the story. I definitely learned a lot about Jobs as a person and the legacy he created. I wished the book went even lower level into the details of the time between the Apple II and going public and how they actually managed to build and sell their products (those details were still pretty high level). Takeaways
The digital hub
iTunes store
21st century Mac
iPhone
Round 2
To infinity
Round 3
Lessons Learned from Week 10 of Fall Quarter 12/06/2011
Ethics
Lessons Learned from Week 9 of Fall Quarter 12/04/2011
Ethics
Lessons Learned from Week 8 of Fall Quarter 12/02/2011
Ethics
Doing Deals
| About Max Mednik
Max is an avid entrepreneur and student of life. He is a graduate of Stanford and founder of Ridacto and AMA Capital. He is a member of the business school class of 2012 at UCLA Anderson. He lives in Los Angeles with his family and spends his free time enjoying his many hobbies and interests. ArchivesJanuary 2012 CategoriesAll SubscribeConnectFollow Me on TwitterShazam Tags |

RSS Feed



