the lean start up
TRANSCRIPT
LEAN
Most Startups Fail
Most Startups Fail Doesn’t have to be that way!
Re-iterate and adjust
Reduce “waste”
What is a Startup?“Human institution designated to create something new, under conditions of extreme uncertainty” –Eric Ries
Entrepreneurship as a Science
Scientific experiment
“Tuning the
engine”
Pivot
Zig-zag
Speed wins
Universal constant
Why Startups Fail
Assuming Wasting time Early adopters
Lean Startup Goal- Path to success Validated learning Quality Product development
The Feedback Loop
MVP
MVP
MVP
MVP: Minimum Viable Product
Minimum set of features needed to learn from early adopters.
Avoid building products nobody wants Maximize learning per dollar Get facts before it’s too late