Reader’s Reviews > The Lean Startup > Status Update
Reader
is on page 44 of 299
#2
Startup = a human institution designed to create a new product or service under conditions of extreme uncertainty
-> Anyone creating a new product/business under conditions of extreme uncertainty is an entrepreneur, regardless of org size
Company's only sustainable path = continuous innovation (requires experiments)
It's a job of leadership to create conditions that enable employees to run experimentation.
— Oct 20, 2025 07:45PM
Startup = a human institution designed to create a new product or service under conditions of extreme uncertainty
-> Anyone creating a new product/business under conditions of extreme uncertainty is an entrepreneur, regardless of org size
Company's only sustainable path = continuous innovation (requires experiments)
It's a job of leadership to create conditions that enable employees to run experimentation.
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Reader’s Previous Updates
Reader
is on page 114 of 299
#6
When confused about how many features you need in MVP, simplify.
MVP to "begin" the learning process and to test fundamental business hypotheses.
MVP can be a video, concierge MVP.
A ready-made road map AFTER tons of MVP iterations. Once having it, you might get acquired too.
Public marketing launch once the product has proved itself with real customers.
Commit to MVP iterations. Don't give up.
— Oct 29, 2025 06:16PM
When confused about how many features you need in MVP, simplify.
MVP to "begin" the learning process and to test fundamental business hypotheses.
MVP can be a video, concierge MVP.
A ready-made road map AFTER tons of MVP iterations. Once having it, you might get acquired too.
Public marketing launch once the product has proved itself with real customers.
Commit to MVP iterations. Don't give up.
Reader
is on page 94 of 299
#5
Leaps of faith: Acting as if these assumptions are true.
Confirm that your LOF questions are based in reality.
Success theater
: growing through fund-raising from investors or lots of paid advertising do NOT develop a value-creating product
You cannot understand your business problem unless you go and see for yourself firsthand, not on your whiteboard.
— Oct 24, 2025 07:04PM
Leaps of faith: Acting as if these assumptions are true.
Confirm that your LOF questions are based in reality.
Success theater
: growing through fund-raising from investors or lots of paid advertising do NOT develop a value-creating product
You cannot understand your business problem unless you go and see for yourself firsthand, not on your whiteboard.
Reader
is on page 83 of 299
Build-Measure-Learn feedback loop -> minimize the total time through the loop
But reverse-order thinking:
Figure out what to learn -> what to measure -> what to build
— Oct 22, 2025 03:12AM
But reverse-order thinking:
Figure out what to learn -> what to measure -> what to build
Reader
is on page 79 of 299
#4 Experiment
Identify the elements of the plan that are assumptions rather than facts
1. Value hypothesis
: whether a product really delivers value to customers once they are using it
- avoid survey. They don't assess themselves objectively
2. Growth hypothesis
: how new customers will discover a product & how will it spread?
Measure what the customers actually did with MVP, not your task completion progress
— Oct 21, 2025 07:39PM
Identify the elements of the plan that are assumptions rather than facts
1. Value hypothesis
: whether a product really delivers value to customers once they are using it
- avoid survey. They don't assess themselves objectively
2. Growth hypothesis
: how new customers will discover a product & how will it spread?
Measure what the customers actually did with MVP, not your task completion progress
Reader
is on page 62 of 299
#3
Just learning is an excuse -> Validated Learning
Work = value OR waste
: value to learn what customers want. Else, waste.
Systematically collect real data from customers and figure out the right things to build
Don't waste resources to make ourselves "look" successful
Can this product be built? (X)
Should this product be built?
Can we build a sustainable business around this set of products & services?
— Oct 21, 2025 03:50AM
Just learning is an excuse -> Validated Learning
Work = value OR waste
: value to learn what customers want. Else, waste.
Systematically collect real data from customers and figure out the right things to build
Don't waste resources to make ourselves "look" successful
Can this product be built? (X)
Should this product be built?
Can we build a sustainable business around this set of products & services?
Reader
is on page 34 of 299
#1
"Just do it" attitude doesn't work. Still gotta manage, but in an entrepreneurial way.
Minimize the waste of resources: time, passion, skills
The goal of a startup = "figure out" the right thing to build.
Driving a car vs rocket launch -> drive a startup. React quickly and make constant adjustments while knowing the destination: world-changing business.
Vision -> Strategy (pivot) -> Product (optimization)
— Oct 20, 2025 08:52AM
"Just do it" attitude doesn't work. Still gotta manage, but in an entrepreneurial way.
Minimize the waste of resources: time, passion, skills
The goal of a startup = "figure out" the right thing to build.
Driving a car vs rocket launch -> drive a startup. React quickly and make constant adjustments while knowing the destination: world-changing business.
Vision -> Strategy (pivot) -> Product (optimization)
Reader
is on page 23 of 299
# intro
Lean Startup = a new approach to "creating" "continuous" "innovation"
It’s the boring stuff that matters the most. Startup success is not a consequence of good genes or being in the right place at the right time.
# 5 principles
1. Entrepreneurs are everywhere.
2. Entrepreneurship is management.
3. Validated learning
4. Build-Measure-Learn
5. Innovation accounting.
— Oct 20, 2025 08:02AM
Lean Startup = a new approach to "creating" "continuous" "innovation"
It’s the boring stuff that matters the most. Startup success is not a consequence of good genes or being in the right place at the right time.
# 5 principles
1. Entrepreneurs are everywhere.
2. Entrepreneurship is management.
3. Validated learning
4. Build-Measure-Learn
5. Innovation accounting.
