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The Lean Start Up
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.
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The Lean Start Up
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- 3. Most Startups Fail Doesn’t have to be that way! Re-iterate and adjust Reduce “waste”
- 4. What is aStartup? “Human institution designated to create something new, under conditions of extreme uncertainty” –Eric Ries
- 5. Entrepreneurship as aScience 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
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- 13. MVP: Minimum ViableProduct 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