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The Lean Startup
''The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses'' is a book by Eric Ries describing his proposed lean startup strategy for startup companies.Roush, WadeEric Ries, the Face of the Lean Startup Movement, on How a Once-Insane Idea Went Mainstream ''Xconomy''. July 6, 2011. Ries developed the idea for the lean startup from his experiences as a startup advisor, employee, and founder.Lohr, Steve ''The New York Times''. April 24, 2010.Solon, OliviaInterview: Eric Ries, Author Of The Lean Startup ''Wired''. January 17, 2012. Ries attributes the failure of his first startup, Catalyst Recruiting, to not understanding the wants of their target customers and focusing too much time and energy on the initial product launch.Loizos, Connie“Lean Startup” evangelist Eric Ries is just getting started ''Reuters''. May 26, 2011. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eric Ries
Eric Ries (born September 22, 1978) is an American entrepreneur, blogger, and author of ''The Lean Startup'', a book on the lean startup movement. He is also the author of ''The Startup Way'', a book on modern entrepreneurial management. Early life While at Yale, he was co-founder of Catalyst Recruiting, an online forum for university students to network with potential employers.Venture Capital: Eric Ries, author of "The Lean Startup" ''YouTube''. November 21, 2009.Loizos, Connie “Lean Start ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Publishing
The Crown Publishing Group is a subsidiary of Penguin Random House that publishes across several fiction and non-fiction categories. Originally founded in 1933 as a remaindered books wholesaler called Outlet Book Company, the firm expanded into publishing original content in 1936 under the Crown name, and was acquired by Random House in 1988. Under Random House's ownership, the Crown Publishing Group was operated as an independent division until 2018, when it was merged with the rest of Random House's adult programs. Crown authors include Jean Auel, Max Brooks, George W. Bush, Eitan Bernath, Deepak Chopra, Ann Coulter, Andrew Cuomo, Giada De Laurentiis, Will Ferrell (as fictional character Ron Burgundy), Gillian Flynn, Jim Gaffigan, Ina Garten, Mindy Kaling, Rachel Maddow, Jillian Michaels, Barack Obama, Michelle Obama, Theresa Rebeck, Mark Brennan Rosenberg, Judith Rossner, Rebecca Skloot, Suzanne Somers, Martha Stewart, Jonah Goldberg, Michael Jackson and many others. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lean Startup
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning. Lean startup emphasizes customer feedback over intuition and flexibility over planning. This methodology enables recovery from failures more often than traditional ways of product development. Central to the lean startup methodology is the assumption that when startup companies invest their time into iteratively building products or services to meet the needs of early customers, the company can reduce market risks and sidestep the need for large amounts of initial project funding and expensive product launches and financial failures. While the events leading up to the launch can make or break a new business, it is important to start with the end in mind. This means t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Viable Product
A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development. A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work. Instead, they iterate on working versions and respond to feedback, challenging and validating assumptions about a product's requirements. The term was coined and defined in 2001 by Frank Robinson and then popularized by Steve Blank and Eric Ries.W. S. Junk,The Dynamic Balance Between Cost, Schedule, Features, and Quality in Software Development Projects, Computer Science Dept., University of Idaho, SEPM-001, April 2000. It may also involve carrying out market analysis beforehand. The MVP is analogous to experimentation in the scientific method applied in the context of validating business hypotheses. It is utilized so that prospective entrepreneurs would know whether a given business idea would actu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Whys
Five whys (or 5 whys) is an iterative interrogative technique used to explore the cause-and-effect relationships underlying a particular problem. The primary goal of the technique is to determine the root cause of a defect or problem by repeating the question "Why?" five times. The answer to the fifth why should reveal the root cause of the problem. The technique was described by Taiichi Ohno at Toyota Motor Corporation. Others at Toyota and elsewhere have criticized the five whys technique for various reasons (see ). Example An example of a problem is: The vehicle will not start. #''Why?'' – The battery is dead. (First why) #''Why?'' – The alternator is not functioning. (Second why) #''Why?'' – The alternator belt has broken. (Third why) #''Why?'' – The alternator belt was well beyond its useful service life and not replaced. (Fourth why) #''Why?'' – The vehicle was not maintained according to the recommended service schedule. (Fifth why, a root cause) The question ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alphabet Energy
Alphabet Energy was a startup company founded in 2009 at the University of California, Berkeley by thermoelectrics expert Matthew L. Scullin and Peidong Yang. The company uses nanotechnology and materials science applications to create thermoelectric generators that are more cost effective than previous bismuth telluride-based devices. The company is based in Hayward, California. It started with a license to use silicon nanowire developed at Lawrence Berkeley National Laboratory. They moved from UC Berkeley to offices in San Francisco in 2011, and later to Hayward. Alphabet has a number of patents related to the capture of waste heat for purposes of electricity generation. The company is working with tetrahedrite, a common mineral with thermoelectric properties. 2011's '' The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses'' describes Alphabet Energy's approach to product development as an example of the successful prac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dropbox (service)
Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, U.S. that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator. Dropbox has experienced criticism and generated controversy for issues including security breaches and privacy concerns. Dropbox has been blocked in China since 2014. Concept Dropbox brings files together in one central place by creating a special folder on the user's computer. The contents of these folders are synchronized to Dropbox's servers and to other computers and devices where the user has installed Dropbox, keeping the same files up-to-date on all devices. Dropbox uses a freemium business model, where users are offered a free account with set storage size, with paid subscriptions available that off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealthfront
Wealthfront Inc. is an automated investment service firm based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of September 2019, Wealthfront had $21 billion AUM across 400,000 accounts. History Wealthfront was founded by Benchmark co-founder Andy Rachleff and Dan Carroll in 2008 as kaChing, a mutual fund analysis company, before pivoting into wealth management. Rachleff was the firm's founding CEO. In December 2012, the firm started tax-loss harvesting for accounts of more than $100,000. The company started 2013 with $97 million in assets under management and grew by 450% in one year. In 2013, Wealthfront introduced "direct indexing", a tax-loss harvesting platform that purchases the individual securities of an investment portfolio. Between January 2014 and October 2016, Adam Nash was Wealthfront's CEO. Founder Andy Rachleff retook the role in 2016. In 2016, Wealthfront launched a partnership with the state of Nevada to launch a 529 tax-adva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times Best Seller List
''The New York Times'' Best Seller list is widely considered the preeminent list of best-selling books in the United States. John Bear, ''The #1 New York Times Best Seller: intriguing facts about the 484 books that have been #1 New York Times bestsellers since the first list, 50 years ago'', Berkeley: Ten Speed Press, 1992. Since October 12, 1931, ''The New York Times Book Review'' has published the list weekly. In the 21st century, it has evolved into multiple lists, grouped by genre and format, including fiction and non-fiction, hardcover, paperback and electronic. The list is based on a proprietary method that uses sales figures, other data and internal guidelines that are unpublished—how the ''Times'' compiles the list is a trade secret. In 1983 (as part of a legal argument), the ''Times'' stated that the list is not mathematically objective but rather editorial content. In 2017, a ''Times'' representative said that the goal is that the lists reflect authentic best selle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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