Alchemist Startup Primer - Lean Development Practices

Lean  Development  Prac0ces  

Pascal-­‐Louis  Perez  &  John  Hitchings  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

A  Show  in  Three  Acts  

Act  I  –  Where  we  learn  about  Wealthfront    Act  II  –  Big  ideas  and  Useful  Frameworks    Act  III  –  A  look  at  Con0nuous  Deployment  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

ACT  I  -­‐  WEALTHFRONT  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

“  Democra0zing  outstanding  investment  managers.  ”  

Quick  Facts  about  Wealthfront  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

 $11,000,000,000,000  

Assets  Managed  by  Mutual  Funds  in  the  US  

Quick  Facts  about  Wealthfront  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

•  Managing  a  liVle  over  $200,000,000*  •  Processing  over  $2,000,000/day  •  Highly  regulated  – By  the  SEC,  as  a  Registered  Investment  Advisor  – By  FINRA,  as  a  Broker  Dealer  – Member  SIPC  

•  We’re  a  technology  company  •  No  Ops,  no  QA  team  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  *  ~  $35  AUM,  $165  AUA  

Quick  Facts  about  Wealthfront  

ACT  II  –  BIG  IDEAS  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

startuop  

startup   company  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Core/Context Analysis Framework

CoreProcess createsdifferentiation thatwins customers

ContextAll other processes

Mission CriticalProcess shortfall createsserious and immediate risk

Non Mission CriticalAll other processes

Differentiation

Risk

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

ACT  III  –  CONTINUOUS  DEPLOYMENT  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Ship  to  PROD  30+/day  

0  

10  

20  

30  

40  

50  

60  

M   T   W   T   F   M   T   W   T   F  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Timeline  

Development  

Cut  a  Release  

QA  Stage   Release  

Integrate  Patches  

Fix  P1  Bugs  

2-­‐8  Weeks  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Integrate  Patches  

Fix  P1  Bugs  

Cut  a  Release  

Stage  

Timeline,  Revisited  

5-­‐10  Minutes  

Experiments   Monitoring  

Development   QA   Release  Deployment  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

or  Tes0ng  

Life  of  a  Deployment  

DM   PM  PM   PM  

ZK      

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Life  of  a  Deployment  

DM   PM  PM   PM  

ZK      

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Life  of  a  Deployment  

DM   PM  PM  

ZK      

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

PM  

Life  of  a  Deployment  

DM   PM  PM  

ZK      

•  Self  Test  •  Increased  monitoring  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

PM  

Life  of  a  Deployment  

DM   PM  PM  

ZK      

•  Exponen0ally  increasing  group  sizes  •  Automated  rollback  if  needed  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

The  5  Essen0als  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Con0nuous  Deployment  

Immune  System  

Con0nuous  Integra0on  

Test  Driven  Development  

Culture  

And  That’s  All  Folks  

Act  I  –  Where  we  learn  about  Wealthfront    Act  II  –  Big  ideas  and  Useful  Frameworks    Act  III  –  A  look  at  Con0nuous  Deployment  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng  

Great  Books  

Alchemist  Startup  Primer  /  @pascallouis  /  @wltheng