THE LEAN STARTUP SUMMARY (BY ERIC RIES)

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Lean Startup is an approach that every aspiring entrepreneur should know about. In this video, I’ll present the 5 best takeaways (in my opinion) from the book that happens to have the same name – The Lean Startup, by Eric Ries.

Top 5 takeaways from The Lean Startup:
0:00 Intro
01:12 1. The Build-Measure-Learn Feedback Loop
03:28 2. Everything is a Grand Experiment
05:21 3. Different Types of Mvps
07:24 4. The Three Engines of Growth
10:04 5. Pivot or Persevere?

TL;DW:

- The goal of a startup is to figure out the right thing to build – that customers want and will pay for - as quickly as possible
- To confirm or reject your hypothesis, experiments must be run to gain validated learning about potential customers. An MVP usually forms the basis of such experiments.
- Three popular types of MVPs are: Video, concierge (cut) and the wizard of Oz
- Every startup should focus on an engine of growth – either the sticky, the viral or the paid one
- Successful entrepreneurship is about perseverance and flexibility at the same time. Pivoting an idea does not equal failure, in fact, almost every successful startup has done a major change to its strategy at some point.

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

[durgeshtayade]

After reading the complete book which took me more than 20 days, this is the much-needed video that I could have asked for!

[Hugo-xjmj]

0:00 Introduction
0:59 1. The Build-Measure-Learn Feedback Loop
3:27 2. Everything is a Grand Experiment
5:20 3. Different Types of MVPs (Minimum Value Product)
7:15 4. The 3 Engines of Growth
10:04 5. Pivot or Persevere?
12:25 Summary

[codebasics]

Thanks for the quick overview. I am still reading the book but this quick summary is extremely helpful.

[lifeelevate]

Thank you for this wonderful video

0:00 Introduction
0:59 1. The Build-Measure-Learn Feedback Loop
3:27 2. Everything is a Grand Experiment
5:20 3. Different Types of MVPs (Minimum Value Product)
7:15 4. The 3 Engines of Growth
10:04 5. Pivot or Persevere?
12:25 6. Summary

[petercardoz]

Bro you are great in explaining....really thanks 🙏

[tluskas]

I didn't really get the book, so in the middle of rereading it while browsing youtube for a podcast about the book and found your video which is awesome.

[maali-media]

Startup always struggle in the early stage but with a great strategies and dedication they make it as we have learnt from many startups here in Canada

[vida_plans]

Figure out what to build (people want and value) and build as quickly as possible
Everything that doesn't lead to validated learning is waste >> build MVP
MVP, then do growth

[princebanini]

Okay you caught me, These videos are all I watch when I say I like books. Hihihi😂

I make notes tho. I love your videos brother. Really breaks things down for me.

[jamesnguyen]

after finishing the book, gotta say this video is much leaner than the book itself

[ben_lyngdoh]

I've read the book once.

I didn't understand much, so i started mining the internet.

And till date this is the best concise summary. Good job.

[MarcDHans]

What a great visualization of the lean startup! I recommend that book more than any to people!

[TheStartupSidekick]

Cheers man. Rather than trying to explain to people what this book is about I will just point them to this video!

[sujittatke]

You have a gift for explaining things. Awesome video. Look forward to more.

[j.elvinvelez]

Great work .... your def a champ in explaining things simple and lean ...

[rafikitho]

My favorite part is @12:53 don't be so hard on yourself haha great video. thank you for the knowledge!

[ramkrrisnabpoddar]

I am looking forward to form a startup and came across The Lean Startup Summary. I did not want to read the entire book and started internet mining. This video explains so well and very helpful. Amazing job The Swedish Investor. Thanks for this video. I now will re-figure many things before I jump into the market.

[global-geek]

Thank you for distilling the wisdom of the book into a compact video 👍

[Germ]

This book sounds very interesting, like how he explain everything with the descriptions. Definitely want to read this book.

[candyfloss]

12:54 onwards Concierge consierge ...con f*** sierge 😂 😆 🤣