THE BIGGEST STARTUP OPPORTUNITIES IN 2024 BY LEAN STARTUP GUY ERIC RIES
The Startup Ideas Podcast
Importance of having a structured hypothesis and strategy
Having a structured hypothesis and strategy is crucial, as it allows for learning and adjustment based on reality. It's important to move away from the idea that having a plan is not a good thing, and instead, have a strategy that makes sense on paper, test it against reality, discover where we're wrong, and adjust as necessary. The goal is to get people into motion so that they have a chance to develop special knowledge, talent, and abilities. It's emphasized that doing something at random is better than doing nothing, but having a structured hypothesis is even better. While the concept of a minimum viable product involves removing features and descope for learning, it's important to remember that the ultimate aim is to build something fundamentally useful, rather than just half a product.
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