Download - How Lean Startup Principles Saved Magoosh Tens of Thousands of Dollars, Bhavin Parikh, Magoosh
Lean Startup = Save $$$
How do we stay lean?
Done > Perfect
BUILD
MEASURELEARN
Data > Intuition
BUILD
MEASURELEARN
TOEFL is not like other tests
And the feedback says…
• It would be better if Magoosh provides a service for grading speaking and writing answers submitted by students.
• Plz include score validation for speaking and writing
• I’m sure most people on the survey mention this, but I really wish the Speaking and Writing section of Magoosh was actually graded.
Let’s solve this!
The excitement rabbit hole
Photo courtesy of Flickr user aldenchadwick under the Creative Commons 2.0 license
But wait…
Done > Perfect
Data > Intuition
Let’s try a test (Done > Perfect)
The grading process
Results (Data > Intuition)
Photo courtesy of Flickr user César Astudillo under the Creative Commons 2.0 license
Cost of the experiment
$3K to $5K
Cost of the actual solution
$30K to $50K
Lean = Validation = Profit
Building a lean culture