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The Lean Startup

The Lean Startup

by Eric Ries

Runway = Pivots left

Runway is usually defined as the cash left in the bank divided by the monthly burn rate. Runway can be extended by cutting costs or raising more money.

However, the true measure of runway is the number of pivots a startup has left. From this point of view, runway ca...

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This book is a good business bible for new approach to manage a new company known as startups in the post - modern 21st century as the world economy is becoming a knowledge economy where human is at the centre of producing goods and services.

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