using Scrum and Lean to manage Start-up Portfolios in VC's & Private Equities

Pierre E. NEIS

[sKale] up!

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Who am I?

Project Managem

ent

ScrumCoach PMO

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Why this topic?

1. VCs are strongly investing in SW start’ups

2. A lot of new start’ups are agile

3. “Agile” PM fosters innovation

4. Jeff Sutherland’s Presentation on “Take no Prisoners” was a revelator for me

LKB2010The Story

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The Problem

for me

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Venture Capital?

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❶

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Due Dilligence? Background

Product & Services

Market & Competition

Technology & Manufacturing

Marketing & Sales Strategy

Organization & Management

Finance

Legal Aspects

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Capital PLUS?closer relationship

between investor an investee company

partnership arrangement

additional service and help to

overcome deficits in managing the

company and solves problems

Pay attention to investees and

performance of this investment

Only successful if investors are

available

❸

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How?

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We have a Portfolio & Governance

Agile Governance Goals

11th PMI Day

Leadership actions

Customers

Processes

AutonomyResponsibility

Transparency

Governance

Aligning management processes with leadership actions

Goals Rewards Planning Controls Resources Coordination

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Problems

Scrum cannot be used people cannot focus on only one project

Kanban is too light and Scrum Ceremonies are good stuff

Lean isn’t reactive enough

I haven’t study Scrumban enough

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So What?

18

Organisation’s OnionGovernance

Portfolio

Roadmap

Product

Release

Sprint

Day

Team + ScrumMaster

Chief Product Owner

CIO

VisionRoadm

ap

Added Value + Velocity

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Start’up KanbanStart’up Actual

CostPlanned Value

Earned Value

Cost Performance Index

Schedule Performance Index

Lux Alpha

CPI > 1 CPI = 1 CPI < 1Under budget On budget Over budgetEV>AC EV=AC EV<AC

SPI > 1 SPI = 1 SPI < 1Ahead on Schedule

On Schedule Behind Schedule

EV>PV EV=PV EV<PV

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Changing Roles # 1

VC’s rep. Is still in the start’up’s board But act as a Product Owner and K-

Coordinator Focus on Value and Scope Evaluate Risks Use co-production mode

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Changing Roles # 2

Using external “Agile” Coaches To help transition To lean process To help organization to reach expected

goals

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Changing Roles # 3

Start’ups are no more seen as investment

Start’ups are seen as Business Partner

Start’ups are seen as an “Agile Team”

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Conclusion

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Acting that way helps VC’s to reduce risk, increase they revenues.

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Venture Capitalists are much more than Bankers, they are Business Partner

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Venture Capital companies invests in Agile Companies first

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That was my presentation on using Scrum and Lean to manage Start-up Portfolios in VC's & Private EquitiesLKB2010

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Questions?

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Wake up is Done

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