Eric Ries Quotes & Sayings (Page 3)

“When I meet with most entrepreneurial teams, I ask them a simple question: How do you know that you're making progress? Most of them really can't answer that question.”

“Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.”

“We need to reengineer companies to focus on figuring out who the customer is, what's the market and what kind of product you should build.”

“If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.”

“Vanity metrics are the numbers you want to publish on TechCrunch to make your competitors feel bad.”

“Most companies are busy making their products worse, not better. Updating is almost always a disaster.”

“Most phenomenal startup teams create businesses that ultimately fail. Why? They built something that nobody wanted.”

“Famous pivot stories are often failures but you don't need to fail before you pivot. All a pivot is is a change is strategy without a change in vision. Whenever entrepreneurs see a new way to achieve their vision - a way to be more successful - they have to remain nimble enough to take it.”

“When it comes to meritocracy and diversity, the symbolic is real. And that means that simple actions that reduce bias, such as blind resume or application screening, are a double win: they reduce implicit bias and they help communicate our commitment to meritocracy.”

“The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.”