Lean Startup
Definition
The Lean Startup is a methodology for developing businesses and products that aims to shorten product development cycles by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
Benefits
Lean Startup helps save time and money. It lets businesses find out quickly if an idea will work, without spending a lot.
Frequently Asked Questions
What is a business-hypothesis-driven experiment? It`s a test based on a business guess. Startups use it to see if an idea works before making a big investment.
What does a lead investor get? A lead investor often gets better terms. They might get a say in the company`s decisions or special rights. This is because they take a bigger risk.
What is validated learning in startups? It`s learning from real-world use, not just guesses. Startups use this to make sure their products truly meet customer needs.
Summary
Lean Startup is about making better products faster. It`s a smart way for startups to grow while avoiding big mistakes.