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Zero invites imagination, but small numbers invite questions about whether large numbers will ever materialize.
Eric Ries
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Eric Ries
Age: 45
Born: 1979
Born: September 22
Author
Entrepreneur
Writer
Zero
Questions
Large
Numbers
Imagination
Small
Materialize
Whether
Invite
Ever
Invites
More quotes by Eric Ries
This is one of the most important lessons of the scientific method: if you cannot fail, you cannot learn.
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If you cannot fail, you cannot learn.
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Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
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There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.
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If the plan is to see what happens, a team is guaranteed to succeed - at seeing what happens - but won't necessarily gain validated learning - If you cannot fail, you cannot learn.
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The way forward is to learn to see every startup in any industry as a grand experiment.
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Don’t be in a rush to get big. Be in a rush to have a great product.
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If we stopped wasting people's time, what would they do with it?
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A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.
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Because startups often accidentally build something nobody wants, it doesn’t matter much if they do it on time and on budget. The goal of a startup is to figure out the right thing to build - the thing customers want and will pay for - as quickly as possible.
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All innovation begins with vision. It’s what happens next that is critical.
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Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.
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Meritocracy is a good thing. Whenever possibly, people should be judged based on their work and results, not superficial qualities.
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When Steve Jobs and Steve Wozniak created Apple computer in a garage in Palo Alto, it heralded the beginning of the PC revolution that ultimately dealt a death-blow to dozens of older companies.
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New Customers come from the action of past customers
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Entrepreneurs always pitch their idea as 'the X of Y,' so this is going to be 'the Microsoft of food.' And yet disruptive innovations usually don't have that character. Most of the time, if something seems like a good idea, it probably isn't.
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As an entrepreneur, I knew that if my company failed, I could always try again. So I often felt that the only real risk of true financial ruin came from the possibility of a serious illness that either exceeded my insurance plans lifetime limits, or was not covered due to rescission.
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Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer' anything else is waste.
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It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.
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A solid process lays the foundation for a healthy culture, one where ideas are evaluated by merit and not by job title.
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