The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled. Eric Ries Read Quote
When we’re in the shower, when we’re thinking about our idea – boy, does it sound brilliant. But the reality is that most of our ideas are actually terrible. Eric Ries Read Quote
In the industrial world we have the problem of having more productive capacity than we know what to do with. That’s at the root of the unemployment crisis: we’ve got so productive at making things, we don’t require people to be involved in making the basics of life any more. Or nearly as many people. Eric Ries Read Quote
I can’t say I’m not grateful to have journalists writing about me as a genius. But I know it’s not true. I’m not confused. I understand that success comes through a lot of failure and a lot of very embarrassing failure. People want to create the next Facebook, but they are too afraid to create the next Facemash. Eric Ries Read Quote
There’s nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated. Eric Ries Read Quote
When it comes to meritocracy and diversity, the symbolic is real. And that means that simple actions that reduce bias, such as blind resume or application screening, are a double win: they reduce implicit bias and they help communicate our commitment to meritocracy. Eric Ries Read Quote
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. Eric Ries Read Quote
We need to reengineer companies to focus on figuring out who the customer is, what’s the market and what kind of product you should build. Eric Ries Read Quote
A lot of entrepreneurs hate big companies. But if you hate them so much, why are you trying to build a new one? The truth is, as soon as a startup has any kind of success whatsoever, it will face big company problems. Eric Ries Read Quote
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 Read Quote
