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Each month Nexus will bring insights and perspectives from TWGers, partners and industry trendsetters.

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  • News

    Why Large Companies Struggle With Lean

    (Sloanreview.mit.edu)

    Great interview with legendary startup entrepreneur and ‘OG of Lean’ Steve Blank on why strategies that work well for startups get lost in translation to the enterprise.

    Big companies typically do a bunch of things. It’s become a fad — they set up incubators, implement lean processes, and create minimum viable products. That’s great! But then the leaders ask, “How come we haven’t moved the needle or seen better revenues or profits?”

    Most corporate accelerators and incubators are trying to duplicate a process they don’t quite understand. They create a series of innovation activities, but they don’t create an end-to-end process to deliver products and services. To make innovation an integral part of the organization, it needs to be owned by the appropriate units. There needs to be a vision of how the incubator either delivers through existing units or turns into an independent entity. My guess is that in 90% of the cases, companies haven’t developed a clear route from the incubator’s output to the delivery channel.

    Lots of great stuff in here, including Blank’s take on why GE’s major innovation efforts have failed, the importance of a go-to-market strategy in innovation efforts, and the fact that Blank and his protege Eric Ries disagree on how to implement Lean in the enterprise. Blank also says he’s working on a new book for large corporations on this very topic.

    November 29, 2019 — TWG — permalink →

  • News

    Bird’s new Platform program and the rise of the “business in a box”

    (Medium.com)

    Very interesting look at the business model for Bird’s electric scooters, and how they’re taking a ‘business in a box’ (BiaB?) approach to expansion. Will internet franchises be the new Software as a Service business model?

    The “business in a box” model allows for significant de-risking of product-market fit (which is very hard to achieve!) by providing a proven product to sell. Nearly 55% of small businesses in the U.S. fail within the first two years, and 40% of these failures are due to the fact that there’s no market for the product or service. A “business in a box” removes the “idea risk” from a venture, leaving the entrepreneur with geographic and operating risk.

    Graphic illustrating the timeline and progression of business models, starting with retail franchise on the left, then MLMs, Gig economy, and finally internet franchise on the right

    If executed well, these models can be value accretive for both the parent company and the individual operators. The parent company benefits from faster and more capital-efficient geographic growth (no need for market launch or operations teams in each city), lower real estate and inventory risk, and better local execution. The entrepreneur benefits from the ability to be his or her own boss (the American dream!) without having to develop an innovative product and establish a standalone company.

    August 7, 2019 — TWG — permalink →

  • Design

    The ultimate guide to proper use of animation in UX

    (Uxdesign.cc)

    Animation, when done well, is fundamental to great user experiences. Whether it is hinting at what the user should do next or reacting or an action taken, animation has many uses. But how to do you do it right and make it feel natural? This great post from UX Collective has a huge list of super-helpful examples for beginners and experts alike.

    Numerous researchers have discovered that optimal speed for interface animation is between 200 and 500 ms. These figures are based on the particular qualities of the human brain. Any animation shorter than 100 ms is instantaneous and won’t be recognized at all, whereas the animation longer than 1 second would convey a sense of delay and thus be boring for the user.

    Looped animation with a side by side example of both a good UI animation and a bad UI animation, where the bad version is considerably slower than the good one

    Use proper duration in your animation. Don’t make it too fast and don’t leave the user enough time to yawn (source: uxdesign.cc)

    March 5, 2019 — Steven Olivera — permalink →

  • Engineering

    The Reports of My Death Were Greatly Exaggerated

    (Medium.com)

    FirefoxOS and Boot to Gecko live on in a variety of incarnations, notably KaiOS. FFOS and B2G were ahead of their time in some ways, like writing mobile apps in javascript and all that entails. But the platform was late and lacked the backing needed to compete with Google and Apple. For those so inclined, this is a fun and fascinating look into the history and various products built on B2G.

    B2G source code has found its way into a surprising number of commercial products. In fact since Mozilla moved on from Firefox OS, its derivatives have shipped on an order of magnitude more devices than during its entire time under Mozilla’s leadership and it has gone on to form the basis of the third largest and fastest growing mobile operating system in the world.

    February 12, 2019 — Ben Wendt — permalink →

  • News

    Welcome 2019 Class of Techstars Toronto Accelerator

    (Techstars.com)

    While the last year’s inaugural Techstars Toronto cohort seemed to have quite a few under-the radar companies primarily in the product-market fit or early scale-up stage, the just-announced 2019 cohort features a number of established teams. Toronto entertainment app MadLipz has over 35M downloads across 100+ countries (either you’ve made a voiceover parody yourself using their app or you’ve probably seen your 12-year-old nephew make a meme using it!).

    For proptech, govtech, crypto, to traveltech, finance and open loyalty networks – the 2019 cohort certainly seems promising:

    This class builds upon the success of our inaugural class in 2018 from which 10 fast-growing technology companies were launched across several verticals including AI, food technology, virtual reality, financial services, construction tech, enterprise SaaS, and more. These companies were successful in raising well over $10M of follow-on capital collectively immediately upon graduation and, of greater significance, growing their businesses into viable disruptive tech companies.

    February 4, 2019 — TWG — permalink →

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