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The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)
Acquired
Lean Startup - What Was It Like 10 Years Ago?
10 years ago was a financial crisis. I've never worked at a startup where a very simple set of experiments around pricing hasn't revealed dramatic differently economics. The concept that really landed for people is actually still a failing of startups today. We can analyze every dollar you spend and we can ask ourselves, is that dollar helping us learn critical things that you need to know right now about your company or not? And if it's not, you should cut it whether it's a crisis or not. It's pure waste. So just don't do it.
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