Quotes About Startup

Lean Startup: the application of lean thinking to the process of innovation.

Startup teams need complete autonomy to develop and market new products within their limited mandate. They have to be able to conceive and execute experiments without having to gain an excessive number of approvals.

Conventionally, advice about internal innovators focuses on protecting the startup from the parent organization. I believe it is necessary to turn this model on its head.

We often frame internal innovation challenges by asking, How can we protect the internal startup from the parent organization? I would like to reframe and reverse the question: How can we protect the parent organization from the startup? In my experience, people defend themselves when they feel threatened, and no innovation can flourish if defensiveness is given free rein. In fact, this is why the common suggestion to hide the innovation team is misguided.

The challenge here is to create a mechanism for empowering innovation teams out in the open. This is the path toward a sustainable culture of innovation over time as companies face repeated existential threats. My suggested solution is to create a sandbox for innovation that will contain the impact of the new innovation but not constrain the methods of the startup team.

The Lean Startup is a set of practices for helping entrepreneurs increase their odds of building a successful startup.

Part of the special challenge of being a startup is the near impossibility of having your idea, company, or product be noticed by anyone, let alone a competitor. In

Our goal in building products is to be able to run experiments that will help us learn how to build a sustainable business. Thus, the right way to think about the product development process in a Lean Startup is that it is responding to pull requests in the form of experiments that need to be run.

En los negocios, una empresa Lean es la eficiencia duradera en acción. El revolucionario método Lean Startup de Eric Ries convertirá su nueva idea de negocio en un resultado final exitoso y duradero. Encontrará innovadoras estrategias y los pasos necesarios para crear y gestionar su propia startup mientras aprende de éxitos y fracasos reales de los demás. Este libro es una lectura obligatoria para emprendedores que se sientan preparados para empezar algo genial.»

Unfortunately, too many startup business plans look more like they are planning to launch a rocket ship than drive a car.

Unknowingly, we had fallen into a classic startup trap. We had been so successful with our early efforts that we were ignoring the principles behind them.

This is the kind of storytelling that takes place at most startup board meetings. Most milestones are built the same way: hit a certain product milestone, maybe talk to a few customers, and see if the numbers go up. Unfortunately, this is not a good indicator of whether a startup is making progress. How do we know that the changes we've made are related to the results we're seeing? More important, how do we know that we are drawing the right lessons from those changes?

we figure out what we need to learn and then work backwards to see what product will work as an experiment to get that learning.

Platform Pivot A platform pivot refers to a change from an application to a platform or vice versa. Most commonly, startups that aspire to create a new platform begin life by selling a single application, the so-called killer app, for their platform. Only later does the platform emerge as a vehicle for third parties to leverage as a way to create their own related products.

The Lean Startup works only if we are able to build an organization as adaptable and fast as the challenges it faces. This

Lean thinking defines value as providing benefit to the customer; anything else is waste. In a manufacturing business, customers don't care how the product is assembled, only that it works correctly. But in a startup, who the customer is and what the customer might find valuable are unknown, part of the very uncertainty that is an essential part of the definition of a startup. I realized that as a startup, we needed a new definition of value.

Once the baseline has been established, the startup can work toward the second learning milestone: tuning the engine. Every product development, marketing, or other initiative that a startup undertakes should be targeted at improving one of the drivers of its growth model.

The Lean Startup adapts these ideas to the context of entrepreneurship, proposing that entrepreneurs judge their progress differently from the way other kinds of ventures do.

The bad news was that the hockey stick went up to only about $8,000 per month of revenue. These numbers were so low that we'd often have investors ask us, "What are the units on these charts? Are those numbers in thousands?" We'd have to reply, "No, sir, those are in ones.

To open up a new business that is an exact clone of an existing business all the way down to the business model, pricing, target customer, and product may be an attractive economic investment, but it is not a startup because its success depends only on execution—so much so that this success can be modeled with high accuracy.

Startup productivity is not about cranking out more widgets or features. It is about aligning our efforts with a business and product that are working to create value and drive growth. In other words, successful pivots put us on a path toward growing a sustainable business.

A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty

Building a startup is an exercise in institution building; thus, it necessarily involves management. This

The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop.