Forget writing that business plan. Design an experiment instead. So many products and companies fail because the assumptions in their beautiful business plans were just wrong. So stop writing and start testing. No one knows this better than Eric Ries, author of The Lean Startup and founder of the Long-Term Stock Exchange. After his first product failed, he developed a new method of product design based on running small, fast experiments, measuring the results, and learning from them. It’s a system built on data, not assumptions, and it works with almost everything, from app development to airplane design. It starts with establishing your own measure of success — then experimenting, improving, and trying over and over again. The feedback loop never stops.Learn more about the Long Term Stock Exchange: ltse.comLearn more about The Lean Startup: leanstartup.coRead Eric’s blog, Startup Lessons Learned: startuplessonslearned.comListen to Eric’s new podcast, Out of the Crisis, on Apple Podcasts: https://podcasts.apple.com/us/podcast/out-of-the-crisis/id1505392824Read a transcript of the episode: https://mastersofscale.com/eric-ries/Subscribe to the Masters of Scale weekly newsletter: http://eepurl.com/dlirtX
The post E1041: The Lean Startup’s Eric Ries gives tactical advice for founders during an economic downturn: obligations of leadership, extending runway, handling layoffs with grace, finding new revenue opportunities, capitalizing on silver-linings & more! appeared first on This Week In Startups.
Join the Acquired Limited Partner program! https://glow.fm/acquired/ (works best on mobile) You can hear a preview of our most recent LP show, an interview with Webflow cofounder and CEO Vlad Magdalin, at the end of this episode. To get access to the rest of that conversation and many more with top founders, operators and investors, click the link to subscribe and become an Acquired LP. Season 5, Episode 10: The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) Acquired closes out Season 5 and 2019 with a radical look into both the past and future decades of startup company building, investing and - yes, exiting - in conversation with legendary Lean Startup author Eric Ries. Nine years on from pioneering the now-canonical concepts of product-market fit, minimum viable products, and pivots during the aftermath of the financial crisis, Eric’s new venture at the Long-Term Stock Exchange represents an equally ambitious attempt to rewrite the orthodoxy of how companies and their investors manage liquidity, governance and alignment around longterm value creation. Like Lean Startup a decade before it, can LTSE help address some of the endemic problems in this generation’s startup ecosystem — excessive capital raising, stay-private-longer, dual-class founder hegemony, extreme illiquidity and quarterly earnings myopia? Tune in to find out! Sponsor: Thanks to Silicon Valley Bank for sponsoring all of Acquired Season 5. You can get in touch with Lewis Hower, who you heard at the beginning of this podcast, here: http://bit.ly/2SCsbbs
Eric Ries, the founder of the Long-Term Stock Exchange and author of The Lean Startup, talks with Vox.com's Ezra Klein at the 2019 Code Conference.In this episode: The LTSE’s recent SEC approval; what’s the point of a stock exchange and why do we need a new one?; the problem with short-term public markets; how would going public on the LTSE be different for CEOs?; how things would change for employees?; the culture of short-term vs. long-term leadership ownership; the values of “Lean Startups”; what public companies and markets could learn from those values; how to attach companies to more stakeholders; The Enlightened Capitalists and the history of business reform; would the LTSE penalize short-term investors?; and Wall Street’s impatience with R&D. Recode Decode has been nominated for best technology podcast in this year’s People’s Choice Podcast Awards! Cast your vote for Recode Decode at https://www.podcastawards.com/app/signup before July 31st. One vote per category. Learn more about your ad choices. Visit megaphone.fm/adchoices