We just gave this founder $1,000 to test a #leanstartup hypothesis!

24 Mar 2017 · 9 min
9:10

A recorded conversation between an investor/facilitator and a founder about a lean-startup experiment testing whether international students will pay for short, paid English-conversation sessions. They agree an experiment focused on demand (flyers and in-person availability) will be funded: $200 upfront for prep, then $100 per person who shows up (founder preferred for first 10), up to $1,000 over the next 48 hours. Participants would pay $3 for a 5-minute conversation plus $3 for recorded follow-up feedback. Logistics include posting flyers at universities and coffee-shop community boards, indicating on-flyer availability windows; proof required via photos/emails; payment via PayPal. Deadline referenced: Sunday night (experiment run across upcoming Friday–Sunday).

Questions this video answers

$200

$100 per person (paid to the founder), up to $1,000 total

That 30 people will call (initial hypothesis mentioned)

$3 for a 5-minute conversation and $3 for the follow-up recording/feedback

Deadline: Sunday night; funding offer covers the next 48 hours and specifically Friday–Sunday time window

Chapters

More from Adam

youtube.com

Paolo Lombardi & Adam Berk | How To Nail Your Startup Engagement Program 14 March, 2023

3y ago
youtube.com

What is an accelerator? With Brad Feld From Techstars

3y ago
youtube.com

World Food Programme Innovation Accelerator

3y ago
youtube.com

Brad Feld from Techstars answers the inevitable "funding" question from the audience.

3y ago
youtube.com

Brad Feld + Startup Program Design #1

3y ago
youtube.com

Preview! Talking Startup Program Design w Bernhard from the World Food Programme Innovation Accel

4y ago
youtube.com

Customer Empathy Interviews (form tutorial)

4y ago
youtube.com

Home office, delivered

6y ago
youtube.com

sharing economy experiment

7y ago
youtube.com

The quintessential leanstartup hypothesis!

9y ago
youtube.com

Startups - focus on one thing !!!

9y ago
See all content