This is a summary of the book The Lean Startup by Eric Ries.
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0:00 - Introduction
1:15 - Top 3 Lessons
1:31 - Lesson 1: Find a business model that works through validation.
3:11 - Lesson 2: Use split-testing to tell value from waste.
4:51 - Lesson 3: Never ever indulge in vanity metrics.
The Lean Startup approach creates companies that are both more capital efficient and that leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.
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