How to create a small bet and record its outcomes, LFI and LFI implications

Small bets are added inside a hypothesis. You can describe the experiment first and come back later to record what happened and what you learned.

Before you start

• You need a hypothesis on the opportunity. See Hypotheses overview.
• Creating hypotheses requires a Pro license.

Steps

1. Open the opportunity. In the Leader sidebar, click Innovation Opportunities and click its name.
2. Click the Assumptions vs Knowledge heading, then click the text of the hypothesis you want to test.
3. Under Small bets, click Add small bet.
4. In Describe the small bet, explain the experiment.
5. Click Save. You see "Hypothesis was successfully updated."

Record outcomes, LFI and implications

1. After running the experiment, open the same hypothesis again.
2. Fill in Small bet outcomes with what happened.
3. Fill in Write down your LFI with the key learning.
4. Fill in LFI implications with what the learning means for the opportunity.
5. Under Result, choose True or False if you now have evidence. Keep Untested if you don't.
6. Click Save.

Attach evidence

After a small bet has been saved with a description, an Add resource link appears below it. Click it, then either click Choose a file or enter a link in URL (https:// ...), add a Name and click Save.

Generate a follow-up small bet

Click Generate Small Bet From LFI below a saved small bet's LFI implications. A new, linked small bet appears. Describe it and click Save.

Tips

• To remove a small bet, click the remove icon next to it and click Save.
• Generate Small Bet From LFI only links the new small bet when the original one is already saved.

Related articles

• Small bets overview
• Hypotheses overview
• How to add participants to a hypothesis
• Seeing an Innovation Opportunity full report