Quotes from "Lean Startup - Eric Ries"

 

Some of the interesting quotes from the book "Lean Startup" by Eric Ries.

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

To achieve that vision, startups employ a strategy, that includes a business model, and a product roadmap. The product is the end result of this strategy.

Entrepreneurs who operate inside an established organization sometimes are called "intrapreneurs".

Productivity in a startup: not in terms of how much stuff we are building but in terms of how much validated learning we're getting for our efforts.

Success is not delivering a feature; success is learning how to solve the customer's problem.

The goal of the MVP is to begin the process of learning, not end it.

Metrics are people too.

Only 5% of entrepreneurship is the big idea, the business model, the whiteboard strategizing, and the splitting up of the spoils. The other 95% is the gritty work that is measured by innovation accounting: product prioritization decisions, deciding which customers to target or listen to, and having the courage to subject a grand vision to constant testing and feedback.

Build-measure-learn feedback loop more quickly than our competitors can.

Startups don't starve, they drown.

Peter Drucker said, "There is surely nothing quite so useless as doing with great efficiency what should not be done at all.