Entrepreneurs using lean startup can work with investors to raise capital for their business. Business plans from lean startups often differ from traditional startups and lean startup encourages learning from failure and to pivot, which might scare off investors. Can entrepreneurs and investors together use the lean startup approach to do fundraising?
Ramli John gave an ignite talk about the minimum viable attitudes for lean startup teams at the 2013 lean startup conference. According to Ramli there are three attitudes that help teams to run lean sustainable over time: humbleness, hunger and happiness.
The build-measure-learn feedback loop in lean startup aims to help entrepreneurs to learn about the needs of their customers. Agile retrospectives are a way to reflect and learn and to agree on changes that are needed. Some examples describing how lean startup can be supported with agile retrospectives to learn and take actions.
There are different types of pivots possible in lean startup, which help you to decide whether to persevere or pivot during product development. They each with their own purpose and ways to use them. Let’s explore some of them to see when and how you can pivot? Or maybe have to decide that it’s better to quit?
Steve Blank makes the argument that mainstream adoption of the lean start-up is not only attainable, but would provide the basis for a newer innovation based economy.
Pivot, a Microsoft Live Labs project, is intended to help people make sense of large amounts of information by organizing it in such a way that one can easily navigate from top to bottom and back in an attempt to understand it or to find a particular piece of information.