Validation Board Quiz
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Test your understanding of using the Validation Board!
- 1.What is the top section of the board used for?
- A.
To communicate the number of pivots a team has undergone since the original product concept.
- B.
To clearly define a team’s Customer, Problem, & Solution Hypotheses.
- C.
To show the evolution of a product as a team runs experiments on the product’s riskiest assumptions.
- D.
All of the above.
- E.
Both a & b.
- 2.Which of the following are correctly stated Problem Hypotheses?
- A.
Two million bicycles are stolen in the US every year.
- B.
Bicycle locks do not adequately protect the bicycle from theft.
- C.
Existing iPhone games do not interact both socially and with the real world at the same time.
- D.
Only 20% of households in the US recycle regularly.
- E.
Both b & c.
- F.
Both a & d.
- 3.The Problem Hypothesis must relate directly to the Customer Hypothesis.
- A.
True
- B.
False
- 4.How can a Customer Hypothesis be generated?
- A.
Using demographic segmentation.
- B.
Using brand-preference segmentation.
- C.
Based on descriptive factors and a goal or action to be performed.
- 5.Can the Customer Hypothesis be based on the mass-market opportunity?
- A.
Yes
- B.
No, the Customer Hypothesis is always based on who a product’s early adopters will be.
- 6.Which of the following explains the Solution Hypothesis
- A.
The hypothesis for the first version of a product.
- B.
The hypothesis for the Minimum Viable Product.
- C.
Both a & b.
- 7.What is an assumption?
- A.
One of your hypotheses related to the customer.
- B.
Something that is believed to be a fact by an entrepreneur.
- 8.What is the definition of a Core Assumption?
- A.
Any assumption the business model relies on.
- B.
Any assumption that if invalidated would cause the team to make a pivot.
- C.
All of the above.
- 9.What is the definition of a Minimum Viable Product?
- A.
The first version of a product.
- B.
An experiment.
- C.
The minimum amount of effort required to learn about your customers.
- D.
All of the above.
- E.
Both b & c.
- 10.What are the three Methods defined by Lean Startup Machine?
- A.
Exploration, Pitch, & Concierge
- B.
Exploration, Concierge, & Mockup
- C.
Pitch, Concierge, Code
- 11.How does one decide on the correct Method?
- A.
A mentor will tell you.
- B.
There are only three stages, so pick which one based on which you think will invalidate the riskiest assumption.
- C.
Always start with Exploration and then progress forward by opportunity cost & risk.
- 12.What do you do after deciding on the Method?
- A.
Get Out Of the Building! (GOOB)
- B.
Decide on the Minimum Success Criterion.
- C.
Create a survey to collect customer leads.
- 13.What is the definition of the Riskiest Assumption?
- A.
The two or three Core Assumptions that are the riskiest.
- B.
The Core Assumption with the highest degree of uncertainty.
- C.
Any assumption that could break the business model.
- D.
All of the above.
- 14.The Riskiest Assumption is not subjective based on the team’s knowledge.
- A.
True
- B.
False
- 15.How should a team decide on the Riskiest Assumption?
- A.
The team member with the most knowledge should push the team towards selecting a specific assumption.
- B.
After a short period of discussion, the entire team should vote on which Core Assumption has the highest degree of uncertainty.
- 16.How do you set the Minimum Success Criterion?
- A.
Everyone should agree on a % that constitutes a successful experiment.
- B.
Everyone on the team should agree on how many customers to interview or unique visits to acquire and what response is considered a success.
- C.
The team should decide on a number below which constitutes undeniable failure.
- D.
First a, then c.
- E.
First b, then c.
- 17.What is the next step after setting a Minimum Success Criterion?
- A.
Decide on the interview questions.
- B.
Get Out Of the Building! (GOOB)
- 18.The Riskiest Assumption is invalidated if:
- A.
Eric Ries suggests that the Riskiest Assumption will not hold.
- B.
The majority of the team feels that it is invalidated.
- C.
The Minimum Success Criterion is not met.
- 19.A team should only pivot if:
- A.
One of the Core Hypotheses is changed.
- B.
The Riskiest Assumption is invalidated.
- C.
A better idea is discovered while the team is out of the building.
- 20.What sticky notes are placed in the invalidated/validated boxes?
- A.
The Minimum Success Criterion, MVP Stage, & Riskiest Assumption (on top) stickies all go in one box under invalidated or validated.
- B.
The sticky notes from one experiment all go in the same box.
- C.
All customer insights and learnings.
- D.
All of the above.
- E.
Both a & b.
- 21.The Validation Board is different from the Business Model Canvas & Lean Canvas in that:
- A.
The Validation Board shows how a team pivots over time.
- B.
The Validation Board is a productivity tool while BMC/LC are analysis tools.
- C.
The Validation Board is designed for running experiments and getting out of the building.
- D.
All of the above.
- 22.The main goal of the board is:
- 23.The vision of the board is:
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