This is a slide for a presentation delivered to fellow members of a student club at the university for the purpose of presenting and to an extent discussing the ideas behind what is known as "The Lean Startup mouvement"
7. A startup is a human institution designed to
create a new product or service under
conditions of extreme uncertainty. And
obviously the entrepreneur is a person who
works on creating a product or a service
where a lot of uncertainty surrounds the
future and adaptability of it
9. the Lean Startup is a new way of looking
at the development of innovative new
products that emphasizes fast iteration
and customer insight, a huge vision, and
great ambition, all at the same time
10. The lean startup is a framework not a
blueprint of steps to follow
17. A Minimum Viable Product is a product
with just enough features to satisfy early
customers, and to provide feedback for
future product development.
24. Essentially every startup idea is a set of
assumptions you make about users, that
are oftentimes erroneous and the goal of
every startup should be to test these
assumptions as early as possible
25. “Unfortunately, too many startup business plans look
more like they are planning to launch a rocket ship than
drive a car.” They prescribe the steps to take and the
results to expect in excruciating detail, and as in
planning to launch a rocket, they are set up in such a
way that even tiny errors in assumptions can lead to
catastrophic outcomes.
30. Because of the scientific methodology that
underlies the Lean Startup, there is often a
misconception that it offers a rigid clinical formula
for creating a full startup, This is not true. There is
no way to remove the human element—vision,
intuition, judgment—from the practice of
entrepreneurship, nor would that be desirable.