Lean Startup
Definition
Lean Startup: Lean Startup is a methodology for building businesses through validated learning, rapid experimentation, and iterative product releases. It emphasizes building MVPs, measuring results, and learning quickly to reduce waste and increase chances of success.
Example Usage
“Following lean startup principles, we tested five business models in six months before finding one that worked.”
Common Misconceptions
Origin: Created by Eric Ries, based on Toyota Production System
Related Terms
Minimum Viable Product
A Minimum Viable Product is the simplest version of a product that can be released to early customers to validate a business hypothesis. The goal is t...
Pivot
A pivot is a fundamental change in a startup's business strategy while keeping one foot grounded in what has been learned. Pivots can involve changing...
Build-Measure-Learn
Build-Measure-Learn is the core feedback loop of the Lean Startup methodology. Teams build a minimum viable product, measure how customers respond, le...
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