5 Lean Startup Myths debunked

5 views
Skip to first unread message

Michelle Williams

unread,
May 20, 2010, 8:04:49 PM5/20/10
to Lean Startup Circle Sydney
Eric just posted this great article that was published in the Wall
Street Journal today.

http://bit.ly/aYOLMS

this is a good example:

Myth 1: Lean means cheap. Lean startups try to spend as little money
as possible.

The reality is the Lean Startup method is not about cost, it is about
speed. Lean startups waste less money, because they use a disciplined
approach to testing new products and ideas. Lean, when used in the
context of lean startup, refers to a process of building companies and
products based on lean manufacturing principles, but applied to
innovation. That process involves rapid hypothesis testing, learning
about customers, and a disciplined approach to product development.
Reply all
Reply to author
Forward
0 new messages