Eric Ries, creator of Lean Startup methodology, discusses the current state of Lean Startup, common misconceptions, thinking about MVPs, when to pivot, AI and uncertainty, structuring a company around core values, the Long-Term Stock Exchange, and more.

At Center for Humane Technology, we often talk about multipolar traps — which arise when individuals have an incentive to act in ways that are beneficial to them in the short term, but detrimental to the group in the long term. Think of social media companies that compete for our attention, so that when TikTok introduces an even-more addictive feature, Facebook and Twitter have to mimic it in order to keep up, sending us all on a race to the bottom of our brainstems.Intervening at the level of multipolar traps has extraordinary leverage. One such intervention is the Long Term Stock Exchange — a U.S. national securities exchange serving companies and investors who share a long-term vision. Instead of asking public companies to pollute less or be less addictive while holding them accountable to short-term shareholder value, the Long-Term Stock Exchange creates a new playing field, which incentivizes the creation of long-term stakeholder value.This week on Your Undivided Attention, we’re airing an episode of a podcast called ZigZag — a fellow member of the TED Audio Collective. In an exploration of how technology companies might transcend multipolar traps, we're sharing with you ZigZag’s conversation with Long Term Stock Exchange founder Eric Ries.CORRECTION: In the episode, we say that TikTok has outcompeted Facebook, Instagram, and YouTube. In fact, TikTok has outcompeted Facebook, but not yet YouTube or Instagram — TikTok has 1 billion monthly users, while YouTube has 2.6 billion and Instagram has 2 billion. However, we can say that TikTok is on a path toward outcompeting YouTube and Instagram.RECOMMENDED YUA EPISODESAn Alternative to Silicon Valley Unicorns with Mara Zepeda & Kate “Sassy” Sassoon: https://www.humanetech.com/podcast/54-an-alternative-to-silicon-valley-unicornsA Problem Well-Stated Is Half-Solved with Daniel Schmachtenberger: https://www.humanetech.com/podcast/a-problem-well-stated-is-half-solvedHere’s Our Plan And We Don’t Know with Tristan Harris, Aza Raskin, and Stephanie Lepp: https://www.humanetech.com/podcast/46-heres-our-plan-and-we-dont-know

Eric Ries, an influential entrepreneur and author, delves into the Lean Startup methodology, revealing its core principles and significance across industries like healthcare. He shares insights on validated learning, efficient strategies for minimizing product failures, and the emotional rollercoaster of entrepreneurship. Highlighting case studies, he emphasizes the importance of customer feedback and iterating based on real needs. With practical examples, he advocates for structured innovation, underscoring the transformative power of the Build-Measure-Learn loop in fostering successful startups.

Greg interviews Eric Ries, author of 'The Lean Startup' and founder of The Long Term Stock Exchange. They discuss funding AI companies, the longevity of wrapper AI startups, maintaining company culture after going public, and startup ideas related to religion and AI accountability bots.

Eric Ries and Jeremy Howard discuss AI innovation, agile growth strategies, starting Answer.ai, AI regulations, and promising AI startups. They highlight the importance of customer focus, rapid adaptation in the AI landscape, funding challenges, innovation in technology, and societal impact of language computing applications.

Season 5, Episode 10: The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) Acquired closes out Season 5 and 2019 with a radical look into both the past and future decades of startup company building, investing and - yes, exiting - in conversation with legendary Lean Startup author Eric Ries. Nine years on from pioneering the now-canonical concepts of product-market fit, minimum viable products, and pivots during the aftermath of the financial crisis, Eric’s new venture at the Long-Term Stock Exchange represents an equally ambitious attempt to rewrite the orthodoxy of how companies and their investors manage liquidity, governance and alignment around longterm value creation. Like Lean Startup a decade before it, can LTSE help address some of the endemic problems in this generation’s startup ecosystem — excessive capital raising, stay-private-longer, dual-class founder hegemony, extreme illiquidity and quarterly earnings myopia? Tune in to find out!Sponsors:ServiceNow: https://bit.ly/acqsnaiagentsHuntress: https://bit.ly/acqhuntressVanta: https://bit.ly/acquiredvantaMore Acquired!:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!© Copyright 2015-2024 ACQ, LLC

Eric Ries visits Google to discuss his book ""The Lean Startup"", a guide to help both new and established entrepreneurs and managers do one important thing: make better, faster business decisions. Most startups fail. But many of those failures are preventable. “The Lean Startup” is a new approach being adopted across the globe, changing the way companies are built and new products are launched. Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business. The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively. Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs a way to test their vision continuously, and to adapt and adjust before it’s too late. Eric Ries provides a scientific approach to creating and managing successful startups in an age when companies need to innovate more than ever. Originally published in April of 2011. Visit YouTube.com/TalksatGoogle to watch the video.                                

Eric Ries, the author of 'The Lean Startup' and founder of the Long-Term Stock Exchange, discusses his groundbreaking journey to create an exchange that fosters long-term thinking. He highlights the challenges of gaining SEC approval and the misconceptions about corporate governance. Ries emphasizes the struggle companies face between short-term pressure and long-term vision, offering insights for CEOs and CFOs on aligning investor interests with sustainable business practices. His approach redefines capital allocation and corporate structures for future growth.

0:52 Jason intros Eric Ries and they discuss how things have been since shelter-in-place started 8:33 What good will come out of this? Will UBI proponents like Andrew Yang be proven right? 10:12 Eric's advice to today's founders after living through the 2008 recession & the dot-com bust 15:53 Eric describes the obligations of leaders during a crisis of this magnitude, what the test-and-trace method is and how it's effective 25:02 Do authoritarian countries have an advantage in handling outbreaks better than democratic countries? 28:45 Jason & Eric reminisce about 2011 in startup-land 30:38 Tactical advice for Founders in an economic downturn 39:52 Eric explains what he is doing to help at: https://schoolclosures.org/ 44:11 What is the Long-Term Stock Exchange? 48:57 Thoughts on private companies giving equity options to contractors 53:00 More tactical insights for founders: handling layoffs, figuring out new revenue opportunities, capitalizing on silver-linings, extending runway, etc. 1:01:01 Amazon & Lyft partnering to help each other, Bird's layoff approach, extending runway by trading cash for equity 1:12:21 Eric's thoughts on the future of capitalism

Eric Ries, the pioneer of the lean startup movement and author of 'The Lean Startup,' discusses the evolution of this methodology beyond Silicon Valley into various industries. He examines the significance of customer feedback in fostering innovation and the delicate balance between creative vision and strategic execution. Ries critiques the potential dogma surrounding lean principles and clarifies concepts like 'MVP' and 'pivot.' He also shares insights on scaling startups effectively while nurturing a culture of innovation within larger organizations.