Capital Allocators – Inside the Institutional Investment Industry Eric Ries – Lean Start-Ups and the Long-Term Stock Exchange (Capital Allocators, EP.107)
Aug 26, 2019
Eric Ries, founder and CEO of LTSE and creator of the Lean Startup methodology, dives into his entrepreneurial journey starting with a failed venture during the dot-com bubble. He discusses how customer feedback shaped his principles of adaptability in business. The talk reveals insights into the Long-Term Stock Exchange, stressing the importance of sustainable stakeholder relationships and innovative IPO strategies. Ries also reflects on historical lessons in frugality and emotional control that continue to influence today's economic strategies.
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Dot-Com Bubble Startup
- Eric Ries's entrepreneurial journey began during the dot-com bubble, co-founding a software company while at Yale.
- The venture failed due to a lack of understanding of strategy and market demand, a valuable lesson learned early on.
Silicon Valley's View on Failure
- Silicon Valley's culture uniquely values entrepreneurial failure as a learning experience.
- This positive perspective on failure contrasts with other regions where it's seen as a negative.
Early Startup Mistakes
- Early mistakes included misjudging paid consumer demand and overreliance on complex, inaccurate business plans.
- The team prioritized building spreadsheets over understanding real market needs.
