Eric Ries
Eric Ries
Eric Riesis a Silicon Valley entrepreneur and author recognized for pioneering the lean startup movement, a business strategy which directs startup companies to allocate their resources as efficiently as possible. He is a blogger within the technology entrepreneur community...
NationalityAmerican
ProfessionBusinessman
Date of Birth22 September 1979
CountryUnited States of America
stress goal entrepreneur
If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.
soil institutions thrive
A Start Up is an institution designed to thrive in the soil of extreme uncertainty
goal want pay
Because startups often accidentally build something nobody wants, it doesn’t matter much if they do it on time and on budget. The goal of a startup is to figure out the right thing to build - the thing customers want and will pay for - as quickly as possible.
ambition goal vision
The goal of a startup is to figure out the right thing to build-the thing customers want and will pay for-as quickly as possible. In other words, 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.
winning matter way
A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.
entrepreneur vision strategy
A pivot is a change in strategy without a change in vision.
educational hard-work people
Our educational system is not preparing people for the 21st Century. Failure is an essential part of entrepreneurship. If you work hard, you can get an 'A' pretty much guaranteed, but in entrepreneurship, that's not how it works.
persons
The only person who can put you out of business, in the early days, is yourself.
ready customers products
By the time that product is ready to be distributed widely, it will already have established customers.
reading action good-actions
Reading is good, action is better.
hardest being-wrong
The hardest part is the grueling work of constantly being wrong.
running entrepreneur effort
I would say, as an entrepreneur everything you do - every action you take in product development, in marketing, every conversation you have, everything you do - is an experiment. If you can conceptualize your work not as building features, not as launching campaigns, but as running experiments, you can get radically more done with less effort.
news made good-news
Better to have bad news that's true than good news we made up
what-if matter building-something
What if we found ourselves building something that nobody wanted? In that case what did it matter if we did it on time and on budget?