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The Lean Startup Talk at Stanford E-Corner

Debunking Myths of Entrepreneurship A startup is not a "doll house" version of a larger enterprise. It

by Eric Ries

Debunking Myths of Entrepreneurship

A startup is not a "doll house" version of a larger enterprise. Its a human institution trying to start something new under extreme conditions of uncertainty, says author Eric Ries. Its not that some founders have better ideas than others, and this is what dictates success. What differentiates a successfully launched enterprise is one who can unearth the best ideas under duress - those who can find "the pivot"- the point of reinvention when they realize that their original ideas need retooling. And, more critically, that they can find their market before they run out of money.

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Source: Stanford

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  • Pragmatizm core capability.

    Pragmatizm or plain rational remains the most required value for startups with respect to regular company structure. Startups fail because they are made to become at some level beurocratic, otherwise who would invest or even pay attention to them. Once they lean to this tendency they lose their best advantage - to be flexible to make mistakes and swiftly change course. Excellent lecture and really need to have tried IT entrepreneurship to know what he is talking about, because great thinkers are idealistic and usually do not settle for crap ideas, execution and etc. And later to realize it is this "walking on the edge"!

  • by Arjun,

    Eric is just awesome

    I was mind blown by his one line "Within the kernel of every bad idea, lies a great idea"; so true!! This is a great course i would recommend to anyone who is planning to take the plunge or has already done it :)

  • by Ronald Flores Del Rosario,

    Excellent Talk and Modules!

    I've heard about this talk, and how awesome it was, after going through all the videos, I am grabbing Eric's book from Amazon and it will have a dedicated spot on my desk.

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Eric Ries is the creator of the Lean Startup methodology and the author of the popular entrepreneurship blog Startup Lessons Learned. He previously co-founded and served as Chief Technology Officer of IMVU. In 2007, BusinessWeek named Ries one of the Best Young Entrepreneurs of Tech and in 2009 he was honored with a TechFellow award in the category of Engineering Leadership. He serves on the advisory board of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms. In 2010, he became an Entrepreneur-in-Residence at Harvard Business School.

He is the co-author of several books including The Black Art of Java Game Programming (Waite Group Press, 1996). While an undergraduate at Yale Unviersity, he co-founded Catalyst Recruiting. Although Catalyst folded with the dot-com crash, Ries continued his entrepreneurial career as a Senior Software Engineer at There.com, leading efforts in agile software development and user-generated content.