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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.
16
215 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.
17
136 reads
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.
17
102 reads
~ 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.
18
78 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
22
105 reads
IDEAS CURATED BY
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.
Aditya Mulukuri's ideas are part of this journey:
Learn more about books with this collection
Conducting market research
Analyzing data to make informed decisions
Developing a product roadmap
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