Company Performance Metrics
MyLeanMBA is a flexible and affordable business administration program that allows you to study online in just 15-30 minutes a day from any device. Edouard Blin and Maxime Riard launched the program in 2014 thinking about people with little time. Therefore it lasts for one year and costs 299 euros. The registration is open to all those who want to
take it, without selection process. The course is in English and consists of 12 subjects:
1. Entrepreneurship (4 weeks)
2. Leadership, Corporate Strategy & General Management (6 weeks)
3. Marketing Strategy & Sales (8 weeks)
4. Economics (4 weeks)
5. Statistics & Big Data (4 weeks)
6. Operations Management (4 weeks)
7. Business Law & Ethics (3 weeks)
8. Accounting (3 weeks)
9. Finance (7 weeks)
10. Human Resources Management (3 weeks)
11. International Business & Political analysis (2 weeks)
12. Project & Quality Management (3 weeks)
The startup offers students a simple routine: every week they have to complete an average of seven lessons of 15 minutes each and answer some test questions. Those who want to go beyond 15 minutes have access to case studies, videos, articles and other types of additional material. MyLeanMBA has an international student network, which facilitates online networking through LinkedIn or offline, thanks to the afterworks organized in several cities.
To date, MyLeanMBA has been in the coworking spaces of the Madrid International Lab and Cink Emprende. Now it has its own offices and has investors such as Xavier Hardy, former head of trading at Société Générale Madrid, now a fund manager at KeyCapital and lead investor of the startup. The company's headquarters are in Madrid, but the training is in English. Today they work with more than 2500 registered users, from more than 60 countries.
The company was created on the initial contribution of 80,000 euros from Édouard. They subsequently convened an investment round of 130,000 in 2015, got a participatory loan in ENISA of 60,000 euros, and recently just opened a new round to accelerate. The Lean MBA has managed to reach the final in VivaTechnology (Paris) in July 2016, in the category of 'DEVELOP STAFF EMPLOYABILITY', although from the company they expect to obtain more recognition of the entrepreneurial ecosystem.
The differential value of the company resides in four points: flexibility, affordable price, simple routine, and the network of constantly growing students. Its format 15-30 minutes a day, accessible from any device, allows them to reach people who have a job and little free time. MyLeanMBA works so that the conditions of its students form a community and thus generate networking, so that the students exchange and help each other.
