Online Book Summary & Highlight Organizer
The Lean Startup
by Eric Ries
Summary
A methodology for developing businesses and products, which aims to shorten product development cycles and rapidly discover if a proposed business model is viable.
Key Highlights
- Build-Measure-Learn feedback loop.
- Validated learning is the process of demonstrating empirically that a team has discovered valuable truths about a startup's present and future business prospects.
- A minimum viable product (MVP) is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.