Dealing with uncertainty in the Lean Startup

Good video talking about startups of course but with a slightly different slant: “Stop Wasting Peoples Time.” He takes the Lean Startup to a different level and talks a little more about entrepreneurship management. He claims that it needs to change because of the level of uncertainly that exist. 

He discusses the myths of the Lean Startup:

1. Perception:Lean Startup is about cheap.
   • Fact: It’s about speed.
2. Perception: Lean Startup is only for software companies
   • Fact: Applies to all companies that face uncertainty about what customer will want.
3. Perception: Lean Startups are small bootstrap startups
   • Fact: Are ambitious and are able to deploy large amounts of capital.
     
4. Perception: Lean Startups replace vision with data or customer feedback
   • Fact: Are driven be compelling vision and are rigorous about testing.

If you would like to learn more about the Lean Startup:

Eric Ries’s blog:  http://www.startuplessonslearned.com/

Related Blogs:
Using Theory of Constraints to handle Uncertainty in Decision Making
Stanford Entrepreneurship Center: Evangelizing for the Lean Startup
Why a Lean Startup is hot and Lean/Six Sigma is not!!
Key Marketing Concepts from the Korean War