Quotes by Eric Ries - Page 3

The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability, too. The characteristics that help entrepreneurs succeed can also lead to their failure.
Eric Ries / Entrepreneur
Failure
Ability
Attributes
Blindness
Characteristics
Cutting
Entrepreneur
Facts
Huge
Inconvenient
Liability
People
Succeed
Faith World People
Both Ways
Cut
Entrepreneurs
Lead
Ignore
Inspires
Leaps
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The goal of a startup is to figure out the right thing to build-the thing customers want and will pay for-as quickly as possible. In other words, the Lean Startup is a new way of looking at the development of innovative new products that emphasizes fast iteration and customer insight, a huge vision, and great ambition, all at the same time.
Eric Ries / Entrepreneur
Ambition
Goal
Vision
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There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as Henry Ford; there were something like 500 automotive companies that got funded, had the internal combustion engine, had the technology, and had the vision. Sixty percent of them folded within a couple of years.
Eric Ries / Entrepreneur
Technology
Automobile
Automobile Industry
Combustion
Couple
Sixty
Years
Engine
Entered
Entrepreneurs
Folded
Ford
Internal
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I would say, as an entrepreneur everything you do - every action you take in product development, in marketing, every conversation you have, everything you do - is an experiment. If you can conceptualize your work not as building features, not as launching campaigns, but as running experiments, you can get radically more done with less effort.
Eric Ries / Entrepreneur
Running
Action
Campaigns
Conversation
Development
Effort
Entrepreneur
Experiments
Features
Launching
Marketing
Work Done Your
Less
Experiment
Product
Radically
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Customers don't know what they want. There's plenty of good psychology research that shows that people are not able to accurately predict how they would behave in the future. So asking them, 'Would you buy my product if it had these three features?' or 'How would you react if we changed our product this way?' is a waste of time. They don't know.
Eric Ries / Entrepreneur
People
Psychology
Want
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