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Lean Startup Methodology

Master Lean Startup Methodology with 100 free flashcards. Study using spaced repetition and focus mode for effective learning in Startup.

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What is the Lean Startup methodology?

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A framework by Eric Ries for building businesses and products through validated learning, rapid experimentation, and iterative development to reduce waste and uncertainty.

What book introduced the Lean Startup?

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The Lean Startup by Eric Ries, published in 2011, drawing on lean manufacturing, agile development, and customer development.

What is an MVP (Minimum Viable Product)?

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The simplest version of a product that allows you to collect the maximum amount of validated learning about customers with the least effort.

What is the purpose of an MVP?

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To test a core hypothesis about your product with real customers as quickly and cheaply as possible — not to build a polished product.

Name three types of MVPs.

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1. Landing page MVP (gauge interest) 2. Wizard of Oz MVP (manual backend) 3. Concierge MVP (manually serve each customer).

What is a "Wizard of Oz" MVP?

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An MVP where the product appears automated to the user but is actually operated manually behind the scenes — testing demand before building technology.

What is a "Concierge" MVP?

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An MVP where you personally deliver the service to each customer by hand — validating that people want the outcome before scaling.

What is a landing page MVP?

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A single webpage describing your product with a sign-up button or email capture — measuring interest before building anything.

What is the Build-Measure-Learn loop?

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The core feedback loop of the Lean Startup: Build an experiment (MVP) → Measure results with data → Learn whether to pivot or persevere.

Which direction should you plan the Build-Measure-Learn loop?

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Plan in reverse: start with what you want to learn, determine what to measure, then figure out what to build.

What is validated learning?

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The process of demonstrating empirically that a team has discovered valuable truths about present and future business prospects through experiments.

What is a pivot in Lean Startup?

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A structured course correction — changing one element of your business model (customer, problem, solution, channel, etc.) based on validated learning.

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