American - Businessman | September 22, 1979 -
Building the right product requires systematically and relentlessly testing that vision to discover which elements of it are brilliant, and which are crazy.
Eric Ries
VisionCrazyBuildingBrilliant
Except in very narrow cases, where there's breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can't out iterate someone who is trying to copy you, you're toast anyway.
ScienceTimeSomeoneTryingYouOut
When I meet with most entrepreneurial teams, I ask them a simple question: How do you know that you're making progress? Most of them really can't answer that question.
SimpleProgressYouKnowMeetAsk
Most phenomenal startup teams create businesses that ultimately fail. Why? They built something that nobody wanted.
CreateNobodyWhyFailSomething
The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.
ImpactMovementSignificantLeanHow
The reality is the Lean Startup method is not about cost, it is about speed. Lean startups waste less money, because they use a disciplined approach to testing new products and ideas.
MoneyIdeasRealitySpeedNewCost
There's nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated.
BusinessMoneyWrongNothingVenture
When we're in the shower, when we're thinking about our idea - boy, does it sound brilliant. But the reality is that most of our ideas are actually terrible.
IdeasThinkingRealityBoyBrilliant
It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.
BusinessYouDownBubbleMatterUp
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.
WorkFailurePeopleWork HardYou
In the industrial world we have the problem of having more productive capacity than we know what to do with. That's at the root of the unemployment crisis: we've got so productive at making things, we don't require people to be involved in making the basics of life any more. Or nearly as many people.
LifePeopleWorldProblemKnowMore
Entrepreneurs always pitch their idea as 'the X of Y', so this is going to be 'the Microsoft of food.' And yet disruptive innovations usually don't have that character. Most of the time, if something seems like a good idea, it probably isn't.
GoodCharacterTimeFoodAlways
Copyright © 2024 QuotesDict Eric Ries quotes