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  2. What makes a Startup "Lean"?

What makes a Startup "Lean"?

Sree
3 replies
I recently revisited 'The Lean Startup' and was blown away by how much more I got out of it the second time around. I'm gonna simplify it into what I call the 'Five Core Principles of Building Startups The Lean Way 🐆.' Here's a breakdown of what I learned: 1. Build, Measure, Learn: This means constantly testing your ideas, gathering real data, and using that feedback to improve your product. 2. Validated Learning: Instead of guessing, focus on learning what your customers really want by testing and validating your assumptions. 3. Minimum Viable Product (MVP): Rather than perfecting your product before launch, create a version with the minimum features needed to satisfy early customers. 4. Pivot or Persevere: It's important to be flexible and willing to change direction if your initial approach isn't working, but also to know when to stick with your vision. 5. Innovation Accounting: This involves tracking the right metrics to measure progress, which may not always be traditional revenue metrics. Have you applied any of these concepts to your startup? What else have you guys learnt from your experiences?

Replies

Yuki
Great summary of the book, and a good reminder! I think we personally need to do a better job of validated learning and hopefully we'll be able to iterate rapidly for customers from the initial launch. Would mean a lot if you provided any feedback for Smartrazor which launched today Sree!
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Sree
@yukioyama before I talk about the product, I gotta compliment you on the website. I like the way you've used the aceternity and shadcn components. You made sure to make anyone who enters the website understand what it is and the CTA's are well placed. But I think there's a mistake in one of the sentences on the landing page. It's at this line "Let a machine do the low value add editing for you." in the Save Time section. I'm not much of editor not I pump out YT videos at such high scale, but I will be trying out your product when I'm making demo videos for my launch. It will definitely save me A LOT of time.
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Sree
I would recommend anyone starting this journey to read "The Lean Startup" by Eric Ries, and also Paul Graham's essays (they are basically gospels 🙌🏼).
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