Eric Ries and his 'lean startup' awakening

It's not about cost, it's about speed - rapid hypothesis testing and validated learning"If we saved that money and figured out who the customer was, and then got to the chasm and then crossed it - husbanding our resources before then - we would have spent it more wisely," said 31-year-old Eric Ries, author of the blog, Startups Lessons Learned, and a guiding light in what's become a popular movement in Silicon Valley - going lean.  Eric's statement refers to an experience he had years ago at a virtual world startup, There.com, that raised $40 million, overspent and then failed. It's a common, though not-often-told, story in Silicon Valley, where the rags-to-riches-to-rags story plays out like an old re-run. But given last year's economic downturn, coupled with a decline in technology costs, the ... [http://vator.tv/n/f3a read more]

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News & Politics

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• Eric Ries
• Internet Social Media
• startups
• lean
• methodology

[MegF142857]

$40 million lost by speculative programming? OUCH! What he should really be teaching is how to convince folks to chip in venture capital.