THE LEAN STARTUP SUMMARY (BY ERIC RIES)

[@TheSwedishInvestor]

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

[@nathanieljosephgutierrez]

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

[@TheSwedishInvestor]

@@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]

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

[@jourdango2615]

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

[@Snusnu2977]

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

[@durgeshtayade2511]

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]

Awesome, glad that it helped! 😁

[@claudiosanhueza9399]

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

[@herdnivke3366]

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

[@mapleoak3918]

@RivalsRift 😂😂😂😂😂

[@AxissXs]

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

[@codebasics]

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

[@lifeelevate360]

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]

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]

Same. I finished it today disappointed.

[@Fonch117]

@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]

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

[@petercardoz128]

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

[@TheSwedishInvestor]

Thank you Peter! I'm happy to hear it 😁

[@MateoVerdugo-xi2dh]

shut up mf

[@Hugo-xj2mj]

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

[@maali-media]

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]

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

[@vida_plans]

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]

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

[@ben_lyngdoh]

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]

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

[@goransvraka3171]

You mean you started investing into Bitcoin?

[@ben_lyngdoh]

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

[@goransvraka3171]

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

[@ben_lyngdoh]

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

[@princebanini]

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.

[@jamesnguyen2174]

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

[@sujittatke8404]

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

[@ramkrrisnabpoddar4965]

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]

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

[@oldgold8247]

So how did it go?

[@amitaydrummer6502]

תודה!

[@j.elvinvelez5702]

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

[@candyfloss184]

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

[@kurtthorsten4463]

I remembered to like the video when I heard that lmao

[@dunia9334]

😂

[@michaelcbond]

That got me.. lol 🤣

[@rafikitho]

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

[@alpercimcir620]

I love you man you deserve every dollar in the world

[@global-geek]

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

[@09Germ]

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

[@citimascultamsinedezvoltam8477]

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

[@imagesintheskye]

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!

[@diegopdiegop]

Great complement to the book. Very well summarized.

[@northmania5332]

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.

[@TheSwedishInvestor]

That is great to hear man, I appreciate it 😁

[@janac2080]

the viral coefficient hits different in 2020

[@alecouto]

You’re a person with a sense of humor

[@a036nikhilsannat4]

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

[@shraddha3420]

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

[@tylertc1]

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

[@christosorphanides]

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

[@Yuhaooooo]

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]

His total watch time will decrease that way😅

[@oussamasaci]

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

[@ayiltonpalate9217]

Great Job Mr.Swedish Investor , you are a genius

[@mavi99551]

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

[@carinakoto8672]

Thanks Swedish investor; this is timely and much appreciated.

[@okeyekemezie]

absolutely insightful, informative and instructive

[@teacherdavid--eatplaylearn5013]

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! 😁

[@chiragsharma3560]

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

[@mikem.1221]

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

[@kalleandersson2616]

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]

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

[@dojustice1]

This was so helpful, thank you!!!

[@hassanbakr106]

Superb Summary, Keep it up!

[@JohnGeorge-lp1ro]

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

[@MRaths]

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

[@rfish2]

Haha I love the guest appearance of Captain Hindsight

[@TheSpazzle]

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

[@goransvraka3171]

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

[@valentinstoyanov304]

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. 😊

[@zulfikeralikhanchowdhury3129]

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

[@davidndahura7437]

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

[@lilbitprod]

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]

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.

[@mehedihasan30]

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 ❤❤❤

[@monicamink]

you have the best channel on youtube!!!

[@TheSwedishInvestor]

I'm grateful for your support Lil Moni! Thank you! 🌟

[@TJKHADKA]

very informative and worth for learning.

[@nathanieljosephgutierrez]

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

[@TheSwedishInvestor]

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

[@chris.asi_romeo]

Great video 👏👍💯. Explained very well

[@srinivasancheenu1908]

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

[@gerardc.4099]

This was excellent, thanks man!

[@wasanadesilva1342]

Thank you for sharing your knowledge. Very clear video😍

[@RiiyaMishra]

Best video! Thank you so much

[@1995yuda]

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]

Cheers 1995yuda I appreciate that a ton!

[@1995yuda]

@@TheSwedishInvestor Thank YOU!

[@wenconglim4187]

This video is an art.

[@absoluttchamp]

What a word salad of a concept!

[@ricardojhernandezv]

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

[@harrisonmwenda7122]

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

[@tertiusscheepers8357]

Brilliant and concise. Thanks 🙏

[@omarelnaggar5841]

This video is just amazing!

[@NikiFrancesca]

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!

[@thatjasonr]

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]

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

[@bensondoggie]

Having watched over 10 times. Great video!

[@TheSwedishInvestor]

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

[@ashokshingi6148]

There are no great ideas, only great execution!!!!

[@NOOOOOOOOOOOOOOOOOOOOOL]

The video is better than the book...

[@abdullahjama8404]

Summary: start you idea quickly through hypothesis, test it, measure its success, if it's validated, go ahead, your growth engine are sticky, viral, and paid, pivot your start up if the mvp

[@rossirwana1186]

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

[@TomosJones-h3f]

quick question, how did you create your presentation?

[@AbsoluteMadmen]

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

[@Metha_Resume_Writer]

Love this explanation!

[@required.]

Thank you for saving my time .

[@HeyRae]

Time is the most valuable asset!

[@elinguiuriel]

Coursera course "Getting Started with Startups" brought me here !

[@graceho9181]

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

[@Top10-d4i6x]

12:52 the best part

[@gabrielesidekerskyte3940]

Amazing book. Well explained

[@betty8447]

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

[@amerbakkach4770]

Many thanks for making financial culture easier and more useful for us :)

[@mwalishahworld]

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 ...

[@zishanmohiuddin8160]

Lean Analytics: Use Data to Build a Better Startup Faster next please

[@owneroperatorlife4380]

What softwares do you use to produce vids like this?

[@blkscreen15]

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.

[@fppiroozian6372]

Amazingly simple and comprehensive summary 👍

[@mohammedahmed4637]

You did very well, I like your work I subscribed, I wrote every word you said as a note of mine

[@hoaphamthithanh7579]

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

[@igorhut7321]

Great overview, tnx man!

[@SamiEltamawy]

Amazing informative summary .. thank you for the effort

[@imbotrex9481]

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

[@DL-dh8hy]

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

[@TheSwedishInvestor]

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?

[@sithumdilanga650]

That clear and to the point

[@ayoowodunni]

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

[@NatalieVanVeenNatalia]

Really great, thanks!