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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.

Eric Ries

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Eric Ries
Age: 45
Born: 1979
Born: September 22
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Entrepreneur
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Entrepreneur
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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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New Customers come from the action of past customers
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Science and vision are not opposites or even at odds. They need each other. I sometimes hear other startup folks say something along the lines of: 'If entrepreneurship was a science, then anyone could do it.' I'd like to point out that even science is a science, and still very few people can do it, let alone do it well.
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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 you cannot fail, you cannot learn.
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The only person who can put you out of business, in the early days, is yourself.
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Sustainable growth is characterized by one simple rule: New customers come from the actions of past customers.
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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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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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Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
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Most companies are busy making their products worse, not better. Updating is almost always a disaster.
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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 only way to win is to learn faster than anyone else.
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All innovation begins with vision. It’s what happens next that is critical.
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The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability, too. The characteristics that help entrepreneurs succeed can also lead to their failure.
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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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