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Publisher Description

The #1 best-selling summary of The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, Eric Ries' must-read book for entrepreneurs.

2 Summaries in 1:

1. In-depth, comprehensive, chapter-by-chapter summary

2. BONUS: A downloadable PDF 2-page summary with key points to complement the in-depth summary for reference and review

(Note: this summary is written and published by edify.me. It is not the original book and not written by the original author.)

Summary Overview:

The Lean Startup presents a practical and insightful approach to building products and launching startups.  Based on his experience as an entrepreneur and drawing concepts from lean manufacturing and other disciplines, Ries has created a framework for systematic innovation to maximize the chances of startup success.

In this summary:

Part I: Vision explains the basic principles of The Lean Startup, defining what a startup is and how it should measure progress through validated learning.

Introduction. Origins of the Lean Startup; 5 principles of the Lean Startup method.

Chapter 1: Start. Why startups fail; understanding vision, strategy and product.

Chapter 2: Define. The definition of “startup”; lessons on innovation from SnapTax and Intuit.

Chapter 3: Learn. Lessons from IMVU’s mistakes; validated learning; scientific testing and reducing waste; fighting the temptation of zero.

Chapter 4: Experiment. 4 reasons experiments are better than research; value and growth hypotheses; how to run an experiment.

Part II: Steer explains the process of validating an innovation’s value and ability to grow, including laying out key assumptions, testing assumptions with minimum viable products, and quantitatively measuring progress.

Chapter 5: Leap. Leap of faith assumptions; genchi genbutsu; customer archetypes.

Chapter 6: Test. Minimum viable product (MVP); video, concierge and Wizard of Oz MVPs; rethinking quality in MVPs; 4 fears of MVPs.

Chapter 7: Measure. Actionable metrics; 3 A’s of innovation accounting; 3 steps of innovation accounting; 3 tools of innovation accounting. 

Chapter 8: Pivot (or Persevere). When to pivot; 5 points about pivots; Votizen and Wealthfront case studies; 10 types of pivots. 

Part III: Accelerate explains how to increase the speed through the Lean Startup process, how to grow, and how to establish a culture of Lean Startup innovation in both early-stage companies and mature organizations.

Chapter 9: Batch. Single piece flow; benefits of small batches; continuous deployment; the andon cord; “pulling” hypotheses.

Chapter 10: Grow. 4 types of sustainable growth; 3 engines of growth (sticky, viral and paid); quantifying product / market fit.

Chapter 11: Adapt. Adaptive organizations; the Five Whys; proportional investments; automatic speed regulators; building a culture of trust; simplified Five Whys; 5 tips for Five Whys.

Chapter 12: Innovate. Portfolio thinking; 3 requirements for internal startup innovation inside a parent organization; the innovation sandbox.

Epilogue. The Lean Startup mindset. 

Reading Time:

Summary: 55 minutes

Full Book: 5:05 hours

Savings: 4:10 hours

Benefits of edify.me summaries:

Readability: Clear, concise and well-written for easy reading.

Retention: Structured into logical sections and enhanced with bullet points, lists and quotations to maximize retention of knowledge.

Review: Provides a fast knowledge refresher when you need it.

Business & Personal Finance
February 20
Edify LLC

Customer Reviews

Axelrod9876 ,

Well summarized

The summary is readable in less than an hour and dense with information. Has all the important things you need to know from the original book. Highly recommend.

Mooglesworth ,

Must-read for startups

This is an excellent summary of Eric Ries' book, The Lean Startup. Full of great information on how to discover a viable business model while reducing risk of failure.

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