The Cost of Lean Startup Methodology

We'll welcome the Fall season by pulling back the curtain and talking about the evil underbelly of lean startup. What happens after product-market fit? How can you can continue to scale quickly? How will you manage your expectations - and your customers?

Learn from several entrepreneurs who have built successful startups using lean methodology and have figured out what to do next.

RSVPs are open!

Free pizza and beer will be provided by Capital One Labs at this event.

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THE LINEUP

6:30 pm

Arrive to meet awesome peeps, and grab a beer and a bite to eat.

7:00 pm

Joel Holland (http://twitter.com/joelkentholland), founder of VideoBlocks.com (http://www.videoblocks.com/), will discuss:

How he took his company from zero to $1M in revenue with only 1 employee How they were able to squeeze out $1M in profit from VideoBlocks.com only a year after launch How they raised a $10.5M Series A on their terms (didn't raise a penny until they were profitable and growing fast) http://photos1.meetupstatic.com/photos/event/1/3/f/8/event_268085112.jpegJoel Holland is the founder and CEO of Video Blocks, a company that distributes over 1,000,000 clips of royalty free stock video and audio each month to over 100,000 customers in the television and video production industry, from professional outlets like NBC, to hobbyists and enthusiasts. In 2012, Video Blocks was named the fourth fastest growing media company in the US by Inc. Magazine, and made the Inc. 500 list. For his work with Video Blocks, Joel has been named one of the "Top 25 Entrepreneurs Under 25" by BusinessWeek Magazine, "Young Entrepreneur of the Year" by the United States Small Business Administration, “Entrepreneur of the Year” by Ernst and Young for the Greater Washington DC Region, and made Inc. Magazine’s prestigious “30 Under 30” list in 2013. In addition to his entrepreneurial activities, Joel is Global Shaper for the World Economic Forum. He graduated Magna Cum Laude in 2008 from Babson College, a school ranked #1 for Entrepreneurship by US News and World Report. Joel resides in Washington, DC.

Tedd Evers (http://twitter.com/teddevers), founder of TripTuner (http://triptuner.com/), will talk about:

Managing the cost/speed tradeoffs of doing more with less. Slow and steady wins the race – or does it? Why taking the lean route may unknowingly limit your addressable markets, and how to execute on your vision in the right markets. Giving a makeover to lean’s less sexy side, the MVP, and how MVPs impact on your ability to hire, gain users and woo investors. http://photos3.meetupstatic.com/photos/event/8/a/9/0/event_276335472.jpegTedd Evers is the Founder and CEO of TripTuner®, a recommendation engine that finds ideal travel experiences, and one of The New York Times’ “10 Travel Web Sites Worth Bookmarking.” Lean principles and lessons from $400M in acquisitions led him to scrap its business model two weeks after launch. Traction via B2B licensing now fuels his vision to solve the paradox of choice and become the fastest way to find ideal options: The Front End to Big Data. Stay tuned.

Trevor Owens (http://twitter.com/to), founder of Lean Startup Machine (http://leanstartupmachine.com/), will discuss:

Mistakes experienced lean practitioners make The real reasons lean startup might not work Myths and boundaries of lean startup http://photos3.meetupstatic.com/photos/event/8/5/4/a/event_279934122.jpegTrevor is an entrepreneur and thought leader on Lean Startup methodologies. He's the Founder & CEO of Lean Startup Machine, an innovation training & software company that has helped thousands of startup founders and individuals from organizations including Google, Salesforce, News Corp, Intuit, and others, start hundreds of new businesses across six continents.

Recently, Trevor and his team were selected as one of 11 companies out of over 1,700 that applied to participate in the Spring 2013 TechStars accelerator in NYC. At the end of this program they released Javelin, a product development software for the enterprise.

In his upcoming book, "Build Measure Learn: How to Launch Disruptive Products the Lean Way," Trevor explains how he's applied Lean Startup methods with both entrepreneurs and intrapreneurs to save millions of dollars in wasted efforts.

Owens's work has been featured in national media outlets including Forbes, Mashable, American Express OPEN Forum, and Business Insider, among others. He also volunteers as a coach for the White House's Innovation Fellows program and as a featured guest speaker at Princeton & Columbia University.

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Patrick Smith has cancelled his appearance.

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Afterwards, we'll head over to The Liberty Tavern, 3195 Wilson Blvd (just a block away), to drink responsibly, and generally be merry.