The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Most new businesses fail. But most of those failures are preventable.
The Lean Startup is a new approach to business that's being adopted around the world. It is changing the way companies are built and new products are launched.
The Lean Startup is about learning what your customers really want. It's about testing your vision continuously, adapting and adjusting before it's too late.
Now is the time to think
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1. Put out a 'MVP'. As fast as possible, put out a 'minimum viable product' and see if anyone is willing to buy it. If you spend forever making the product the best it could possibly be, you may end up with a cool product that no one ...more
I wasn't too surprised to find that Eric Ries is a great writer: clear, intellectually honest, articulate, and good-humored.
As Ries readily admits in the Epilogue, the theories and frameworks promoted in this book have the danger of being used retroactively to justify what you did in the past, or what you've already decided that you want to do, no matter your industry. Its success no doubt has to do with its take co ...more
Another example of the book not abiding by its own counsel: in recounting case studies, he assures us that the case studies are "successful" by telling us about venture funding and acquisition offers, which seem to me to be examples of the ...more
Don't get me wrong, this book contains a lot of useful ideas if you are into entepreneurship: the build-measure-lean cycle driven by the knowledge you want to acquire, validated learning, treating everything as en experiment with its corresponding actionable metrics... but ma ...more
As a book, there are few problems. First, just stylistically, I feel like I'm being lectured by a precocious toddler about how to do things. The tone is professorial, to put it charitably.
Second, there is a bit of incongruity between a system explaining that you need to engage in scientific testing in almost Popperian fashion on the one hand and a series of case studies on the other. Case studies are, of course, the curr ...more
The Lean Startup is an important and highly acclaimed book for new startup ventures.
It is one of the core business books that revolutionised the business startup environment over this last decade. Eric Ries stripped everything down to the core basic principles of being lean and agile in response to customer feedback. This is not new but is collated and distilled in a very dynamic, yet clear structured manner. It must also be said that the Lean Startup is heavily biased towards the software industry/>The ...more
Maybe my understanding of business is unimpressive, but I am very interested in the subject and read a good bit about it. Still, I found this book to be enlightening. In business -- and in life -- we always have simple goals, like: I want to make more money.
It's easy to focus our motivation on making more money. After all, it is what we wa ...more
The last two-thirds were better, mo ...more
But boy, I sure do like Five Whys. I am so ready to have kids.
There are some really wonderful simple quotes too:
"management is human systems engineering."
"Our productive capacity ...more
I loved the ethos that Eric shares...When a new employee makes a mistake: "SHame on us for making it easy for you to fail." That type of accountability doesn't exist, we have a "punish th ...more
Needless to say, I was glad to hear that he was going to distill all his knowledge into a book, and now that I read the book, I'm glad to say that he didn't disappoint.
The book defines a startup as a 1) a human institution designed to 2 ...more
I felt some of the messages could have been made clearer by improving the style of the book. There are a few too many terms like "Engines of Growth" that cloud some of the meaning. My biggest criticism would be many of the anecdotes didn't really do justice to the points Eric would later made.
Unlike many management books that hammer home their point page after page, ...more
4 because it's very motivating and there's a lot of valuable techniques in there, especially around metrics, different businesses' engines of growth, and running effective retrospective/5 whys meetings.
3 because it suffers from a lot of the "business bedside story" effect (see the halo effect for what that means) and there's a pretty nasty survivor bias, a lot of not quite scientific papers are quoted, and some of ...more
1. Start-ups should focus on management, process, and discipline, which is counterintuitive to the conventional idea that start-ups should have a 'just-do-it' attitude.
2. Start-ups should develop Build-Measure-Feedback loop. Companies should develop ...more
After hearing about the Lean Startup methodology time after time in the startup world, I decided to give this book a try. Although I've heard of the basics concepts like the Minimal Viable Product and the benefits of quick iterations, reading about the methodology in detail provided a lot more context to these concepts and helped me gave me the tools that I can use to put these concepts to action.
The biggest epiphany I got from ...more
I found the book interesting, but ...more
It has some very interesting stuff in it, which makes you re-think your views on how a product needs to be built, any product which involves uncertainty.
I will have to give this multiple reads to dig out the relevant details from it, and I suggest you try it sometime as well, and then let me know what you think.
But, being under funded, and hence always seemingly on the verge of failure, we had no choice but to employ the tactics given here. We always had to generate some kind of income to keep going, so we couldn't afford to wait for perfect. We delivered the best we could, a ...more
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