Eric Ries Quotes

Think big. Start small. Scale fast.

The rules that govern the sticky engine of growth are pretty simple: if the rate of new customer acquisition exceeds the churn rate, the product will grow. The speed of growth is determined by what I call the rate of compounding, which is simply the natural growth rate minus the churn rate.

The question is not “Can this product be built?” In the modern economy, almost any product that can be imagined can be built. The more pertinent questions are “Should this product be built?” and “Can we build a sustainable business around this set of products and services?” To

those building reports must make sure the mechanisms that generate the reports are not too complex. Whenever possible, reports should be drawn directly from the master data, rather than from an intermediate system, which reduces opportunities for error.

the paid engine of growth is powered by a feedback loop. Each customer pays a certain amount of money for the product over his or her “lifetime” as a customer. Once variable costs are deducted, this usually is called the customer lifetime value (LTV). This revenue can be invested in growth by buying advertising.

Un catálogo de pivotes Hay pivotes de diferentes sabores. La palabra pivote a veces se usa de forma incorrecta como sinónimo de cambio. Un pivote es un tipo especial de cambio, diseñado para probar una nueva hipótesis fundamental sobre el producto, el modelo de negocio y el motor del crecimiento. PIVOTE DE ACERCAMIENTO (ZOOM-IN) En este caso, lo que antes se consideraba una característica del producto se convierte en el producto. Es el tipo de pivote que hizo Votizen cuando pasó de ser una red social entera a un simple producto de contacto para los votantes. PIVOTE DE ALEJAMIENTO (ZOOM-OUT) Es la situación inversa. A veces una única característica es insuficiente para sostener todo el producto. En este tipo de pivote, lo que se consideraba el producto entero se convierte en una simple característica de un producto mucho mayor. PIVOTE DE SEGMENTO DE CONSUMIDOR En este pivote, la empresa se da cuenta de que el producto que está creando resuelve un problema real para consumidores reales, pero que éstos no son el tipo de consumidores que inicialmente había planeado atender. En otras palabras, la hipótesis de producto se confirma parcialmente, resolviendo bien el problema, pero para un tipo de consumidor diferente al que se había anticipado inicialmente. PIVOTE DE NECESIDAD DEL CONSUMIDOR Como resultado de alcanzar un conocimiento del consumidor extremadamente bueno, a veces está claro que el problema que se intenta solucionar no es demasiado importante para ellos. Sin embargo, debido a esta gran intimidad con el consumidor, descubrimos otros problemas que son importantes y que pueden ser solucionados por nuestro equipo. En muchos casos, estos problemas relacionados pueden requerir algo más que el reposicionamiento del producto existente. En otros casos, puede demandar un producto totalmente nuevo. De nuevo, es un caso en el que la hipótesis del producto se confirma parcialmente; el consumidor objetivo tiene un problema que vale la pena solucionar, pero no es el que se h

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.

The Lean Startup asks people to start measuring their productivity differently. 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. 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.

it’s human nature to assume that when we see a mistake, it’s due to defects in someone else’s department, knowledge, or character,

Validated learning is the process of demonstrating empirically that a team has discovered valuable truths about a startup’s present and future business prospects. It is more concrete, more accurate, and faster than market forecasting or classical business planning. It is the principal antidote to the lethal problem of achieving failure: successfully executing a plan that leads nowhere.

We must avoid the caricature that science means formula or a lack of humanity in work. In fact, science is one of humanity’s most creative pursuits. I believe that applying it to entrepreneurship will unlock a vast storehouse of human potential.

Once a team is set up, what should it do? What process should it use? How should it be held accountable to performance milestones?

HYPERGROWTH FOR A COMPANY ALSO REQUIRES HYPERGROWTH OF THE PEOPLE INSIDE IT.

you’ve never experienced a failure like this, it is hard to describe the feeling. It’s as if the world were falling out from under you. You realize you’ve been duped. The stories in the magazines are lies: hard work and perseverance don’t lead to success. Even worse, the many, many, many promises you’ve made to employees, friends, and family are not going to come true. Everyone who thought you were foolish for stepping out on your own will be proven right. It wasn’t supposed to turn

It is also the right way to think about productivity in a startup: not in terms of how much stuff we are building but in terms of how much validated learning we’re getting for our efforts.