Department of Management public lecture The Lean Startup Eric Ries Entrepreneur and Author Dr Linda Hickman Chair, LSE Suggested hashtag for Twitter users: #lsestartup The Lean Startup #leanstartup Eric Ries (@ericries) http://StartupLessonsLearned.com Lean Startup Principles Entrepreneurs are everywhere Entrepreneurship is management Validated Learning Build – Measure - Learn Innovation Accounting Lean Startup Principles Entrepreneurs are everywhere What is a startup? • A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty. • Nothing to do with size of company, sector of the economy, or industry What is a startup? STARTUP = EXPERIMENT STOP WASTING PEOPLE’S TIME Most Startups Fail Most Startups Fail Most Startups Fail