Teams building products through blind guesswork, hoping that customers will like it. Startups usually fail not because of poor technical execution… but because they built something nobody wanted! That is a problem all too common with startups. Back then, he believed they failed because the engineering wasn’t perfect enough. Yet in spite of all that, his first two startup failed embarrassingly. They persevere and become billionaires because they had just the right idea and pure passion.Įric Ries had the smarts, he had the ambition and he graduated from Princeton. A few college kids build the next earth-shattering company in their garage with just a couple computers and pepperoni pizzas. This obviously goes against the romantic myth of entrepreneurship that is so common in our culture. Find out what customers want as soon as possibleĪ startup is a human institution designed to create a new product or service under conditions of extreme uncertainty. Of course, if you enjoy this, then you’ll LOVE the book which gives many more details and examples.ġ. I’ve pulled out some real GEMS to share with you from the book. Today, this is probably THE most recommended book for anyone wanting to launch their own startup.īest of all, right here on this page you’ll read a fast and fun overview of The Lean Startup. Eventually he compiled the best of those lessons into this book, The Lean Startup. This blog became very popular within the tech startup community. He began writing his lessons from starting a successful startup on a blog. It wasn’t until he found a whole new process for growing a startup that he could achieve significant success. In fact, the first two startups he was involved with failed spectacularly.
After this, Ries started advising other exciting tech startups and consulting with large companies like Intuit who wanted to know how to grow a business rapidly.īut Eric Ries was definitely NOT born a business wizard. Soon, IMVU signed up tens of millions of users and they achieved annual revenues of over $50 million. But then Ries changed his approach to growing the startup and everything changed.
They couldn’t attract any users or make a profit. That’s why the business really struggled in the beginning. Nobody had ever done anything like that before successfully. Eric Ries co-founded the company IMVU, a startup which lets you chat with people all over the world using your own custom 3d avatar.ĭoes that sound like a weird idea? Well, it was.
0 kommentar(er)
