The Lean Startup - Deepstash
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Line Summary

Line Summary

The lean startup offers both entrepreneurs and wantreprenuere a semi scientific, real-world approach to building a business by using validation, finding a profitable business model and creating a growth engine.

13

172 reads

Key highlights

• Find a business model that works through validation.

• Use split testing to tell value from waste.

• Never ever indulge in vanity metrics.

14

96 reads

Summary

Summary

Despite serious business plans, well thought-out business models, detailed go-to-market strategies, and large investments, most startups fail.

why is this so? Eric Ries, the author of the Lean Startup Methodology, is sure that the traditional approach to business development does not apply to startups.

14

69 reads

~ summary

~ summary

Startups operate in an environment of extreme uncertainty, and this must be taken into account when launching it. At the initial stage of development, a startup needs to remain flexible to learn from mistakes and test the founders' hypotheses as quickly as possible, which means that it is necessary to avoid large investments and costs. This is the heart of Lean, aiming to help entrepreneurs improve a startup's chances of success.

15

59 reads

The only way to win is to learn faster than anyone else.

ERIC RIES

23

77 reads

As you consider building your own minimum viable product, let this simple rule suffice: remove any feature, process, or effort that does not contribute directly to the learning you seek.

ERIC RIES

19

77 reads

CURATED BY

adityamulukuri

19 | Generalist, Content Creator, Student at Christ University. Stashing about entrepreneurship, self-help, spirituality and the most interesting stuff I read.

Curious about different takes? Check out our The Lean Startup Summary book page to explore multiple unique summaries written by Deepstash users.

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