This document discusses the Lean Startup methodology, which advocates for an iterative process of developing minimum viable products (MVPs), getting customer feedback, and pivoting if needed to have the highest chance of success. It notes that most startups fail because they don't iterate based on learning, assume they know what customers want, or waste time building products without feedback. The Lean Startup process aims to reduce waste and uncertainty through validated learning from MVPs and constant adjustment based on feedback.

1. LEAN

2. Most Startups Fail

3. Most Startups Fail
 Doesn’t have to be that way!
Re-iterate and adjust
Reduce “waste”

4. What is a Startup?
“Human institution designated to create
something new, under conditions of
extreme uncertainty” –Eric Ries

5. Entrepreneurship as a Science
Scientific
experiment
“Tuning the
engine”

6. Pivot
 Zig-zag
 Speed wins
 Universal constant

7. Why Startups Fail
Assuming
Wasting time
Early adopters

8. Lean Startup
Goal- Path to success
Validated learning
Quality
Product development

9. The Feedback Loop

10. MVP

11. MVP

12. MVP

13. 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