Difference between revisions of "Startup’s runway"
(Zeroth version.) |
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|stage=Sparkle | |stage=Sparkle | ||
|theme=Maneuver, Lean | |theme=Maneuver, Lean | ||
|context=you are frantically working on your {{mvp}}. | |||
|wish=increase the odds to actually lift off into a thriving business | |||
|so=achieve the same amount of validated learning in an ever shorter time | |||
|background=Any {{p|pivot}} makes a fundamental change to your business strategy. The more {{p|pivots}} you can make for the available budget, the higher the chances on eventual success and lift off. So, you must demonstrate accelerating your {{p|pivots}} or risk funds being taken away from you or being replaced by someone else. | |background=Any {{p|pivot}} makes a fundamental change to your business strategy. The more {{p|pivots}} you can make for the available budget, the higher the chances on eventual success and lift off. So, you must demonstrate accelerating your {{p|pivots}} or risk funds being taken away from you or being replaced by someone else. | ||
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{{Source | {{Source | ||
|source=The Lean Startup | |source=The Lean Startup | ||
|author=Eric Ries, | |author=Eric Ries, | ||
|coder=Martien van Steenbergen | |coder=Martien van Steenbergen | ||
}} | }} | ||
Latest revision as of 14:28, 24 August 2015
…you are frantically working on your minimal viable product.
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{{{wish full}}}
Any pivot makes a fundamental change to your business strategy. The more pivots you can make for the available budget, the higher the chances on eventual success and lift off. So, you must demonstrate accelerating your pivots or risk funds being taken away from you or being replaced by someone else.
Speeding up extends your startup’s runway within a given budget. Extending the budget or cutting costs do not speed up the rate of pivots and may actually slow down the feedback loop (see ooda loop).
So you have to find ways to achieve the same amount of validated learning in a shorter time. You must speed up to lift off.
Therefore:
{{{therefore full}}}
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