Friday 23 March 2018

Thousandseeds helps start-ups test ideas quickly and cheaply

Tom Lyons

THOUSANDSEEDS, which was co-founded by Raomal Perera, the serial entrepreneur who set up Network 365, is helping new businesses buck the credit crunch by teaching them lean start-up techniques.

The venture, which Perera co-founded with Mary Cronin, a management consultant, is advising start-ups on how to test their ideas quickly without spending capital.

"We're using the methodologies that came out of Silicon Valley," Cronin said, "to help entrepreneurs validate their ideas quickly before they've spent lots of money building products."

To date, ThousandSeeds has interacted with hundreds of different entrepreneurs by advising three start-up accelerators in the DCU Ryan Academy's Propeller programme; the National Digital Research Centre and Startupbootcamp.

"This is not just about being cheaper," Cronin said. "It's about teaching companies how not to spend millions, or put in years of work only to find out their product has no market."

ThousandSeeds has brought to Ireland leading thinkers in the lean field -- used by Toyota and Groupon to develop new products -- including Ash Maurya, the author of Running Lean.

Sunday Indo Business

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