Eric Ries Quotes About New Products
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The grim reality is that most start-ups fail. Most new products are not successful. Yet the story of perseverance, creative genius, and hard work persists.
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A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty.
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There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.
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The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.
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Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.
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The goal of a startup is to figure out the right thing to build-the thing customers want and will pay for-as quickly as possible. In other words, the Lean Startup is a new way of looking at the development of innovative new products that emphasizes fast iteration and customer insight, a huge vision, and great ambition, all at the same time.
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