THE LEAN STARTUP SUMMARY (BY ERIC RIES)

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 275

  • @TheSwedishInvestor
    @TheSwedishInvestor  5 років тому +61

    How to start your first business: bit.ly/391czmD

    • @nathanieljosephgutierrez
      @nathanieljosephgutierrez 5 років тому

      Just do it approach lead us to fail our business venture.

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому +2

      @@nathanieljosephgutierrez Sorry to hear that man. Even though it's probably cold comfort for you now, that experience could be what makes you succeed in your next project.

    • @nathanieljosephgutierrez
      @nathanieljosephgutierrez 5 років тому +4

      @@TheSwedishInvestor Thank you . What we learn is never stop trying and next time we will apply the lean approach.

    • @jourdango2615
      @jourdango2615 5 років тому

      How do we include design thinking/ design Sprint's? How do we validate with customers ?

    • @Snusnu2977
      @Snusnu2977 4 роки тому

      @@TheSwedishInvestor can you explain video MVP and wizard of Oz MVP

  • @durgeshtayade2511
    @durgeshtayade2511 4 роки тому +215

    After reading the complete book which took me more than 20 days, this is the much-needed video that I could have asked for!

    • @TheSwedishInvestor
      @TheSwedishInvestor  4 роки тому +5

      Awesome, glad that it helped! 😁

    • @claudiosanhueza9399
      @claudiosanhueza9399 2 роки тому +4

      12:55 is gold :D Thanks for the video!

    • @herdnivke3366
      @herdnivke3366 2 роки тому +2

      @@claudiosanhueza9399 even funnier when listening at 2x speed. Keep up the great work, Swedish investor!

    • @mapleoak3918
      @mapleoak3918 Рік тому +1

      @RivalsRift 😂😂😂😂😂

    • @AxissXs
      @AxissXs Рік тому +2

      @dbasap this video isn't just "enough", it's better than the book itself imho

  • @codebasics
    @codebasics 3 роки тому +34

    Thanks for the quick overview. I am still reading the book but this quick summary is extremely helpful.

  • @Hugo-xj2mj
    @Hugo-xj2mj 3 роки тому +69

    0:00 Introduction
    0:59 1. The Build-Measure-Learn Feedback Loop
    3:27 2. Everything is a Grand Experiment
    5:20 3. Different Types of MVPs (Minimum Value Product)
    7:15 4. The 3 Engines of Growth
    10:04 5. Pivot or Persevere?
    12:25 Summary

  • @lifeelevate360
    @lifeelevate360 Рік тому +1

    Thank you for this wonderful video
    0:00 Introduction
    0:59 1. The Build-Measure-Learn Feedback Loop
    3:27 2. Everything is a Grand Experiment
    5:20 3. Different Types of MVPs (Minimum Value Product)
    7:15 4. The 3 Engines of Growth
    10:04 5. Pivot or Persevere?
    12:25 6. Summary

  • @tluskas
    @tluskas 5 років тому +13

    I didn't really get the book, so in the middle of rereading it while browsing youtube for a podcast about the book and found your video which is awesome.

    • @BigRomes916
      @BigRomes916 5 років тому

      Same. I finished it today disappointed.

    • @Fonch117
      @Fonch117 4 роки тому +1

      @The Loner Millionaire I honestly don't understand why people are saying that they didn't "get the book". lol What was it written poorly because if it had this information in it then I don't see what's not to get. Are they just dumb/lazy or something?

    • @sarveshyadav01
      @sarveshyadav01 4 роки тому

      @@Fonch117 Dumb... yeah i am dumb.... unable to relate to practical.... maybe because of lack of experiences😕

  • @petercardoz128
    @petercardoz128 5 років тому +94

    Bro you are great in explaining....really thanks 🙏

  • @maali-media
    @maali-media 3 роки тому +4

    Startup always struggle in the early stage but with a great strategies and dedication they make it as we have learnt from many startups here in Canada

  • @MarcDHans
    @MarcDHans 4 роки тому +35

    What a great visualization of the lean startup! I recommend that book more than any to people!

  • @ben_lyngdoh
    @ben_lyngdoh 5 років тому +117

    I've read the book once.
    I didn't understand much, so i started mining the internet.
    And till date this is the best concise summary. Good job.

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому +5

      Heeeey, glad to hear it! 😁 Thank you Benny Lyngdoh!

    • @goransvraka3171
      @goransvraka3171 4 роки тому +1

      You mean you started investing into Bitcoin?

    • @ben_lyngdoh
      @ben_lyngdoh 4 роки тому +1

      @Goran Svarka, No.
      Mining for knowledge, not for gold.

    • @goransvraka3171
      @goransvraka3171 4 роки тому +1

      @@ben_lyngdoh I see. I don't just want to read, I want to put it into practice

    • @ben_lyngdoh
      @ben_lyngdoh 4 роки тому +2

      @@goransvraka3171 I'm doing that right now.
      All the best with your future endeavours too.

  • @amitaydrummer6502
    @amitaydrummer6502 2 роки тому

    תודה!

  • @vida_plans
    @vida_plans 2 роки тому +3

    Figure out what to build (people want and value) and build as quickly as possible
    Everything that doesn't lead to validated learning is waste >> build MVP
    MVP, then do growth

  • @TheStartupSidekick
    @TheStartupSidekick 4 роки тому +8

    Cheers man. Rather than trying to explain to people what this book is about I will just point them to this video!

  • @sujittatke8404
    @sujittatke8404 4 роки тому +9

    You have a gift for explaining things. Awesome video. Look forward to more.

  • @princebanini
    @princebanini 3 роки тому +22

    Okay you caught me, These videos are all I watch when I say I like books. Hihihi😂
    I make notes tho. I love your videos brother. Really breaks things down for me.

  • @ramkrrisnabpoddar4965
    @ramkrrisnabpoddar4965 4 роки тому +3

    I am looking forward to form a startup and came across The Lean Startup Summary. I did not want to read the entire book and started internet mining. This video explains so well and very helpful. Amazing job The Swedish Investor. Thanks for this video. I now will re-figure many things before I jump into the market.

    • @TheSwedishInvestor
      @TheSwedishInvestor  4 роки тому

      Glad to hear that you think the video is valuable to you Ramkrrisna B Poddar!

    • @oldgold8247
      @oldgold8247 Рік тому

      So how did it go?

  • @candyfloss184
    @candyfloss184 5 років тому +78

    12:54 onwards Concierge consierge ...con f*** sierge 😂 😆 🤣

  • @j.elvinvelez5702
    @j.elvinvelez5702 3 роки тому +2

    Great work .... your def a champ in explaining things simple and lean ...

  • @Yuhaooooo
    @Yuhaooooo 4 роки тому +26

    Hello, The Swedish Investor. I really love your content, these takeaway cards are super useful! I always try to screenshot each card when you zoom out at the end. Could you please either give a complete zoomed out view after each takeaway card or link to a summary page? I'll be hugely grateful. Keep up the good work!!

    • @shankym3423
      @shankym3423 2 роки тому +2

      His total watch time will decrease that way😅

  • @northmania5332
    @northmania5332 5 років тому +7

    Thank you very much for this summary. A picture is worth a thousand words. With the 5 steps that you have listed I understood the book quite well after reading it.

  • @09Germ
    @09Germ Рік тому

    This book sounds very interesting, like how he explain everything with the descriptions. Definitely want to read this book.

  • @global-geek
    @global-geek 3 місяці тому

    Thank you for distilling the wisdom of the book into a compact video 👍

  • @valentinstoyanov304
    @valentinstoyanov304 3 роки тому +10

    A few quotes I extracted from "Zero to One" by Peter Thiel:
    Brilliant thinking is rare, but courage is in even shorter supply than genius.
    Vertical or intensive progress means doing new things - going from zero to one.
    There is no reason why technology should be limited to computers. Properly understood, any new and better way of doing things is technology.
    It is hard to develop new things in big organizations... Bureaucratic hierarchies move slowly and entrenched interests shy away from risk.
    Madness is rare in individuals - but in groups, parties and nations it is the rule. Nietzsche
    The first step to thinking clearly is to question what we think we know about the past.
    A bad plan is better than no plan.
    Every culture has a myth of decline from some golden age, and almost all peoples throughout history have been pessimists.
    Every great entrepreneur is first and foremost a designer.
    Long-term planning is often undervalued by our indefinite short-term world.
    Every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to change the world.
    Recruiting is a core competency for any company. It should never be outsourced.
    You need people who are not just skilled on paper but who will work together cohesively after they are hired.
    Even though sales is everywhere, most people underrate its importance… Poor sales rather than bad product is the most common cause of business failure…
    Everybody has a product to sell. Look around. If you don’t see any salespeople, you are the salesperson.
    As mature industries stagnate, information technology has advanced so rapidly that it has now become synonymous with “technology” itself.
    The computers are complements for the humans, not substitutes.
    Recruiting employees is part detective work and part sales.
    Winning is better than losing, but everybody loses when the war isn’t one worth fighting.
    It is hard to blame the people for dancing when the music is playing. 😊

  • @shraddha3420
    @shraddha3420 4 роки тому +3

    Very helpful, thank you! Wanted a quick overview before I actually read the book!

  • @citimascultamsinedezvoltam8477
    @citimascultamsinedezvoltam8477 3 роки тому +1

    Thank you, finally, for everything the teacher was moaning about makes sense! Thank you once again Mr Investor!

  • @goransvraka3171
    @goransvraka3171 4 роки тому +2

    Haven't read the book yet, and I don't understand much of what you said in the summary. I wish for a video with tons of examples... something a person could do tomorrow for example

  • @a036nikhilsannat4
    @a036nikhilsannat4 4 роки тому +1

    I think it is innovative idea, that differentiate entrepreneurship from traditional business

  • @alpercimcir620
    @alpercimcir620 4 роки тому +1

    I love you man you deserve every dollar in the world

  • @tylertc1
    @tylertc1 4 роки тому +4

    Great summary of the book and great visuals. Very helpful!

  • @christosorphanides
    @christosorphanides 3 роки тому +1

    The way you explain this books is amazing, great job man

  • @diegopdiegop
    @diegopdiegop 3 роки тому +1

    Great complement to the book. Very well summarized.

  • @rafikitho
    @rafikitho 2 роки тому

    My favorite part is @12:53 don't be so hard on yourself haha great video. thank you for the knowledge!

  • @mikem.1221
    @mikem.1221 3 роки тому +2

    Incredible video, thank you. I love the book and this video really summarizes things well. I find myself watching it weekly.

  • @chiragsharma3560
    @chiragsharma3560 4 роки тому +4

    I really appreciate your effort Mr. Swedish Invester and am very much impressed with the explanation.
    You did a very good job.👍

  • @oussamasaci
    @oussamasaci Рік тому

    I read the first two chapters. Your summary is good.

  • @NikiFrancesca
    @NikiFrancesca 3 роки тому +1

    Thank you for this excellent summary video. I'm interested in knowing what your point of view is about building an audience before learning/building/measuring? Tack!

  • @mavi99551
    @mavi99551 2 роки тому

    I laughed at the concierge pronunciation thing haha. Loved your video. I'm your fan.

  • @jamesnguyen2174
    @jamesnguyen2174 2 роки тому

    after finishing the book, gotta say this video is much leaner than the book itself

  • @imagesintheskye
    @imagesintheskye 5 місяців тому

    I'm watching this video at 5 something in the morning and thought my brain was trippin at the 12:53 mark. Love it! 😆🤣 Great video! Thanks!

  • @janac2080
    @janac2080 4 роки тому +15

    the viral coefficient hits different in 2020

    • @alecouto
      @alecouto 29 днів тому

      You’re a person with a sense of humor

  • @thatjasonr
    @thatjasonr 5 років тому +20

    Have you ever thought of selling or providing a download of your final animation for printout? I think it would be great to keep in a file when I need to refresh my memory on the process.

    • @iq4kr789
      @iq4kr789 4 роки тому +5

      I know it's a late reply, but you could take screenshots of each segment :)

  • @kalleandersson2616
    @kalleandersson2616 5 років тому +13

    Great video! I like the mix of investing and entrepreneurship stuff. Feels like there are many similarities between the two areas that could be worth learning more about. Heja Sverige!

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому

      Glad you liked it bro 😁 Yes, definitely many similarities, especially if you specialize in angel investments! I might make more of them in the future, enjoyed reading this one

  • @hassanbakr106
    @hassanbakr106 6 місяців тому

    Superb Summary, Keep it up!

  • @okeyekemezie
    @okeyekemezie 3 роки тому +1

    absolutely insightful, informative and instructive

  • @AbsoluteMadmen
    @AbsoluteMadmen Рік тому

    10:56 what does it mean "is a 10% improvement per year enough"? Improvement of what?

  • @JohnGeorge-lp1ro
    @JohnGeorge-lp1ro 9 місяців тому

    12:50 "concierge.. concierge.. F#$%.. Concierge."
    Hahaha thank you for the laugh :)

  • @mwalishahworld
    @mwalishahworld 4 роки тому

    ideas are great i worked on a business idea and search to perfect it for 2 years.. i had the money but not enough to do it on my own so my friend said do you have any business idea we can start it cuz he had lot of businesses running. we discuss my idea and i explain him for a month so he can trust my homework and we can invest 50 50 on this venture. he liked my idea so much that he kicked me out go solo and making big money. now year and half im still waiting to start it but always problems come and my savings blow away ...

  • @dojustice1
    @dojustice1 27 днів тому

    This was so helpful, thank you!!!

  • @carinakoto8672
    @carinakoto8672 2 роки тому

    Thanks Swedish investor; this is timely and much appreciated.

  • @Top10-d4i6x
    @Top10-d4i6x 2 роки тому +1

    12:52 the best part

  • @harrisonmwenda7122
    @harrisonmwenda7122 3 роки тому

    Wonderful. It the channel "Business Casual" also yours?

  • @mehedihasan30
    @mehedihasan30 4 роки тому

    Try to read tugs book last 3 days, but couldn’t understand at all, but when i saw this video everything is make sense now..so good explanation ❤❤❤

  • @ayiltonpalate9217
    @ayiltonpalate9217 3 роки тому

    Great Job Mr.Swedish Investor , you are a genius

  • @teacherdavid--eatplaylearn5013
    @teacherdavid--eatplaylearn5013 5 років тому +10

    I like your joke that you will bet your RIGHT arm, when you are actually LEFT handed 😝😂😛
    Love your content and already subscribed! 😍
    Blessings from Taiwan! 😁

  • @nathanieljosephgutierrez
    @nathanieljosephgutierrez 5 років тому +10

    I love this video. Thank you for adding value to my life. 😊

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому +2

      Very happy to hear it man! You're welcome, and thank you for your kind words!

  • @graceho9181
    @graceho9181 2 роки тому

    deciding to give product for free and charge for advertising instead? -- around 11:58. what does this mean?

  • @1995yuda
    @1995yuda 4 роки тому +7

    Just added Hebrew to the subtitles of this video. I'm not done yet but I will complete this. This should be available to everybody in the world regardless of language. Good luck, everyone !

    • @TheSwedishInvestor
      @TheSwedishInvestor  4 роки тому +1

      Cheers 1995yuda I appreciate that a ton!

    • @1995yuda
      @1995yuda 4 роки тому

      @@TheSwedishInvestor Thank YOU!

  • @MRaths
    @MRaths 2 роки тому

    The F bomb at 12:53 caught me off guard. 🤣🤣

  • @TheSpazzle
    @TheSpazzle 3 роки тому

    Great video, I’ve read the book but this is an awesome refresher!

  • @lilbitprod
    @lilbitprod 5 років тому +3

    This is so weird I just saw your comment on the richest man in Babylon and decided to check out your channel and you literally just posted this video about the first book I’ve read myself (outside of school assigned books) in years. I finished it 5 days ago and now I plan on reading at least 1 book a month on my own. I learned a ton from this book and I really enjoyed it. (Reading richest man in Babylon next)

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому +6

      Matthew, I'm happy to hear that you decided to check out the channel! Also, I think your plan sounds like a great one. It can't be overstated how inspired you can be from a great book. I see it like this: someone has compressed their experience from a whole life in a few hundred pages. In other words, reading a few books a year allows you to learn things that would otherwise take many lifetimes to realize 😁 That's efficiency.

  • @gerardc.4099
    @gerardc.4099 8 місяців тому

    This was excellent, thanks man!

  • @rfish2
    @rfish2 4 роки тому +1

    Haha I love the guest appearance of Captain Hindsight

  • @TJKHADKA
    @TJKHADKA 9 місяців тому

    very informative and worth for learning.

  • @wenconglim4187
    @wenconglim4187 3 роки тому

    This video is an art.

  • @tertiusscheepers8357
    @tertiusscheepers8357 2 роки тому

    Brilliant and concise. Thanks 🙏

  • @RiiyaMishra
    @RiiyaMishra 2 місяці тому

    Best video! Thank you so much

  • @sigitariyanto4779
    @sigitariyanto4779 4 роки тому

    sorry, max from the sentence "everything that doesn't lead to validated learning ia waste"
    4:54
    Thank you

  • @monicamink
    @monicamink 4 роки тому +1

    you have the best channel on youtube!!!

  • @blkscreen15
    @blkscreen15 Рік тому

    I think you missed a key point which was around metrics and the important they plan in reveling the nature of a startup and its growth.

  • @wasanadesilva1342
    @wasanadesilva1342 3 роки тому

    Thank you for sharing your knowledge. Very clear video😍

  • @davidndahura7437
    @davidndahura7437 4 роки тому

    Wisdom is in the world, I have been exposed to this brilliant knowledge, thank you.

  • @TomosJones-h3f
    @TomosJones-h3f 11 місяців тому

    quick question, how did you create your presentation?

  • @chris.asi_romeo
    @chris.asi_romeo 10 місяців тому

    Great video 👏👍💯. Explained very well

  • @hoaphamthithanh7579
    @hoaphamthithanh7579 Рік тому

    i really love the content. and the way you show by image. could you tell me how you made this video (is it powerpoint?)

  • @ricardojhernandezv
    @ricardojhernandezv Рік тому

    “Concierge”… &@£&!!”. Loved that one 😂. Thanks a lot for sharing! Regards from Galicia.

  • @zulfikeralikhanchowdhury3129
    @zulfikeralikhanchowdhury3129 3 роки тому

    Thanks teacher.
    You’re a cool teacher to lean from.

  • @Lennartz1
    @Lennartz1 3 роки тому

    Tack så mycket my good man.

  • @ayoowodunni
    @ayoowodunni 4 роки тому +1

    What software do you use for this please? It is amazing!

  • @omarelnaggar5841
    @omarelnaggar5841 3 роки тому

    This video is just amazing!

  • @srinivasancheenu1908
    @srinivasancheenu1908 3 роки тому

    That was a great... Gave a clear picture of the process.

  • @isaackarechu156
    @isaackarechu156 4 роки тому

    What other business books can you recommend? For someone who is entering the world of business but doesn't have a lot of knowledge?

  • @Hops_Heaven
    @Hops_Heaven 5 років тому +2

    Great video! How specific am I supposed to make the hypothesis?

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому

      Hahahaha 😂 "We think that owners of vacation homes don't use them full-time" ✔️ "We think that owner's of vacation homes are interesting in having someone helping them renting out their places" ✔️

    • @ben_lyngdoh
      @ben_lyngdoh 5 років тому +1

      When unsure... use A/B testing. 😁😉

  • @emmaphan8646
    @emmaphan8646 4 роки тому +2

    Thank you very much! I have a question. In the lean startup book, the author recommends to observe and not to ask. what do you think he meant by that? and how do you really do that?

    • @safirestarlite
      @safirestarlite 3 роки тому

      I think he means to obverse customer behavior rather than ask why someone likes then buys something.

    • @andreasrnning2339
      @andreasrnning2339 Рік тому

      People usually say something different than what they do. Actions always speaks louder than words.

  • @rossirwana1186
    @rossirwana1186 3 роки тому

    thank you, i'd love the way you explain it, keep the good work :)

  • @DL-dh8hy
    @DL-dh8hy 8 місяців тому

    Do you have these slides / presentation in a pdf file? It would be a huge help if i could have those

    • @TheSwedishInvestor
      @TheSwedishInvestor  8 місяців тому

      I'm afraid I don't DL-dh8hy, sorry for that. Perhaps you can pause and print them when they are at they're zoomed out view?

  • @required.
    @required. 4 роки тому +1

    Thank you for saving my time .

    • @HeyRae
      @HeyRae 3 роки тому

      Time is the most valuable asset!

  • @Metha_Resume_Writer
    @Metha_Resume_Writer 11 місяців тому

    Love this explanation!

  • @sithumdilanga650
    @sithumdilanga650 3 роки тому

    That clear and to the point

  • @absoluttchamp
    @absoluttchamp Рік тому

    What a word salad of a concept!

  • @Abaddon3x7
    @Abaddon3x7 4 роки тому +1

    Do we need to buy the book, or has the video covered everything.

    • @TheSwedishInvestor
      @TheSwedishInvestor  4 роки тому

      Buy the book and use the link in the description! Cheers! :)

  • @owneroperatorlife4380
    @owneroperatorlife4380 Рік тому

    What softwares do you use to produce vids like this?

  • @betty8447
    @betty8447 2 роки тому

    Inspiration information learning resources reflecting cause I have a meeting Sunday night my home as I met a few couple friends and one ask might be interested to join her...thank you for sharing

  • @bensondoggie
    @bensondoggie 5 років тому +6

    Having watched over 10 times. Great video!

    • @TheSwedishInvestor
      @TheSwedishInvestor  5 років тому +4

      Isn't that one of the finest compliments you can get? 😍 Thank you Benson Chaoyue Chen for making my day

  • @igorhut7321
    @igorhut7321 3 роки тому

    Great overview, tnx man!

  • @analysisinflow
    @analysisinflow 2 роки тому

    Can you do one for lean analytics?

  • @gabrielesidekerskyte3940
    @gabrielesidekerskyte3940 3 роки тому

    Amazing book. Well explained

  • @hunaizaabdullah5070
    @hunaizaabdullah5070 4 роки тому

    Hello can you please upload Zero to One audiobook takeaways? Thanks in advance

  • @ahmadfarahani6287
    @ahmadfarahani6287 4 роки тому +2

    Applaud your presentations! I’ve been in food industry wish I could come up with interesting content within my area of expertise to demonstrate it with that secret sauce to do what you’re doing. Any ideas?

  • @sebastianbratu1502
    @sebastianbratu1502 4 роки тому

    So you added there, a great product. Is that not execution?

  • @imbotrex9481
    @imbotrex9481 4 роки тому +3

    After watching this....
    Ross: Pivot..Pivot..Pivotttt😬Pivot😂😂