7:53, exactly As Drucker said 'The worst thing in the world is to do very well what need not be done at all." Find your customers pains and gains, then sell them exactly what they need.
I still listen to follow him .. because one of my elder brother ask me to read his book if I want to start a company n I would say thanks to you Eric n Abhishek bhaiya
This methodology of knowing when to stop pursuing something and changing direction (pivoting) applies to so much more than management or startups alone! Whether it's a personal career path, a plan for a vacation, someone trying to hold on to a toxic relationship. Just taking a moment to realize that it is no longer beneficial to continue working on it (whatever it is you're doing) is useful in almost any situation. Sure, we're told to follow our heart and dreams by pretty much every self-help book out there. But giving up on a dream every once in a while shouldn't be looked down upon as a disaster. The shattering of one dream can show you the way to a new one. This way a lesson can be drawn from almost anything you do, anything we do, anything a company does or anything our collective society does. All we need to do is take this opportunity to learn, reflect on our actions and take time for this. Oftentimes it isn't even necessary to give up entirely, a small adjustment in another direction is all that's needed. So long as we later take a look to see whether this other direction was a right one and continue this loop of constant improvement. Beautiful talk, inspired me to think broader than only on the scale of startups.
We are firm fans of The Lean Strat Up so this talk was quite a find. The book is governing how we function as a lean startup. Thank you Eric for the book to to Authors@Google for uploading this. Much appreciated.
Eric; good on you. Your "learning" insight about customers in the talk between 30 and 33 minutes was GOLD! Thank you for sharing this [for free] in this video.
experimentation is an important part of the lean startup idea. The lean startup process can be used for companies that are already established and startups alike. Clearly, Google implements the lean startups. This allows for flexibility in creation and increased innovation. While the entrepreneurial spirit may still be present, there is increased focus on solution rather profit that leads to fiscal stability later on. This anti-intuitive attitude to business makes sense practically and garners support from the customers first rather than focusing on sales. However, another important aspect is not just taking the failure but learning how to pivot when the solution does not work as planned. In some cases this pivot can lead to a product that is even greater than what was originally pursued. This was a very interesting video on a compelling topic. This book must be even more interesting.
I heard about lean startup, strategy, management, etc. in many meetings and discussions but never got a chance to know more about it. Recently I read book the lean startup and found many organisations spend money, time, energy in building final products that either customers do not want or they don't like. Also, with traditional way of product development customers are involved at very late phase of the project. results, product cannot be change or revert back because company spends months/years in building product. With lean startup, organisations, new teams, new entrepreneur, product development team can build minimum viable product without knowing full requirements or knowing all possible assumptions.
Hey Eric, I've really appreciated and took to heart your speech, I'm a small company owner and would like to see how I could develop more and expand on my business ventures.
here in 2021 (almost 2022) and seeing the empty crowd at Google for Eric Ries, whose Lean Startup book is one of the most important books in entrepreneurship and product management
#StartUps The Dominant question of our time is not can it be built but should we Build it, and the issue is, Can we build a sustainable business around a particular product. - Eric Ries
I love this question at 56:11 "Why is it not okay for Google to fail. Why not take risks, fall on your face and admit it quickly and move on". I don't think Eric said anything about "It's not okay for Google to fail".
Hes got a real good point. Google should test and pivot its products outside of the brand then when it is real good, launch and enjoy success of having the Google brand against it.
:) Defo. For any company doing innovative and expensive development. Imagine spending 2 yrs on building something and launching to flat air? Can't believe the manager in the audience thought Google should be ok with public failure. The words 'arrogance of monopoly' springs to mind there.
What's really fascinating is the fact behind Tech City Startups based in Shoreditch / Old Street ( London) that only fraction of them properly attempting to LEAN thinking. Concierge MVP is very rare in reality but what's trendy is the GROWTH HACKING as it would be somehow solution....
14:21 reminded me of a trauma ... when i was in my undergraduate course, a professor discounted points in a work on which "i should have just done what was asked for"
Guys, guys, guys, men. If people who address entrepreneurship and anything else could take into account that women are their target too, it would be wonderful. Words have power.
Listen Universe, My Goal IS TO CLEAR, The 2025 SSC CGL exam with AIR 32 to get the post of Income Tax Inspector. Oh! Wow! I have cleared SSC CGL 2025 exam and became an Income Tax Inspector. I am celebrating, I am dancing, I am very happy and feeling very satisfied and excited. Thank you so much, Universe. Thank you so much, God. Thank you, Mummy, Papa, and Bhaisab for always supporting me. Thank you to all the living and non-living things for supporting and helping me.
Even today, companies prefer to have a big launch of a product or feature with no idea if anyone wants what they made. They leave the customer out of the early parts of the product development process at their own peril.
it is good talk, no astrology ...and he is nice to listen 2. If u want the 2 main takeaway go to: min 33 minimum (a) time to make one "loop" ...and then listen till 36 through the (b) innovation accounting in 45. (Pivot or persevere)
"If I asked customer what they want, they would have said "faster horses"" Henry Ford. I take this talk with a grain of salt. Not all the times customers will be a great source of information for your idea.
Eric's clarification around how to practice mindful and lean leadership is a welcome addition to the field. Here'e a brief reading that we've done from his book: th-cam.com/video/G-E12k9zG8c/w-d-xo.html
This talk is over 10 years old. And it's still relevant today as it was back in 2011. This is one of my all favourite talks of all time
Eric Ries is one of the finest speakers to talk about Entrepreneurship
7:53, exactly As Drucker said 'The worst thing in the world is to do very well what need not be done at all." Find your customers pains and gains, then sell them exactly what they need.
0:00 Introduction
5:59 Entrepreneurs are Everywhere
15:37 Entrepreneurship is Management / Validated Learning
32:50 Build-Measure-Learn
35:53 Innovation Accounting
44:57 Questions
Love people like you
I still listen to follow him .. because one of my elder brother ask me to read his book if I want to start a company n I would say thanks to you Eric n Abhishek bhaiya
any one from 2024 ?
This methodology of knowing when to stop pursuing something and changing direction (pivoting) applies to so much more than management or startups alone!
Whether it's a personal career path, a plan for a vacation, someone trying to hold on to a toxic relationship. Just taking a moment to realize that it is no longer beneficial to continue working on it (whatever it is you're doing) is useful in almost any situation.
Sure, we're told to follow our heart and dreams by pretty much every self-help book out there. But giving up on a dream every once in a while shouldn't be looked down upon as a disaster. The shattering of one dream can show you the way to a new one. This way a lesson can be drawn from almost anything you do, anything we do, anything a company does or anything our collective society does.
All we need to do is take this opportunity to learn, reflect on our actions and take time for this. Oftentimes it isn't even necessary to give up entirely, a small adjustment in another direction is all that's needed. So long as we later take a look to see whether this other direction was a right one and continue this loop of constant improvement.
Beautiful talk, inspired me to think broader than only on the scale of startups.
.
Kk
This guy was ahead of his time, it sounds like the audience was in disbelief of his points. Now it's the standard for product innovation
can us tell some more books on this topic
We are firm fans of The Lean Strat Up so this talk was quite a find. The book is governing how we function as a lean startup. Thank you Eric for the book to to Authors@Google for uploading this. Much appreciated.
This guy is really brilliant...The book is unbelievable.
I'd say that too.
Eric; good on you. Your "learning" insight about customers in the talk between 30 and 33 minutes was GOLD! Thank you for sharing this [for free] in this video.
Fantastic talk. Might be 4 yrs old, but still completely relevant.
Fantastic comment. Might be 2 yrs old, but still completely relevant.
Fantastic reply. Might be 1 mth old, but still completely relevant.
Pritam Misra Might be 3 yrs old, but still completely relevant.
@@newworld3844 might be 5 yrs old, but still completely relevant.
Might be 6 years old but still completely relevant
Fantastic talk. The build, measure, feedback, pivot model is prob the most powerful methodology anyone could have.
It's interesting to see how much of this is now common wisdom in the startup world. A bit like tasks and bonuses.
Watching for the first time in 2020! Anyone with the same situation?
experimentation is an important part of the lean startup idea. The lean startup process can be used for companies that are already established and startups alike. Clearly, Google implements the lean startups. This allows for flexibility in creation and increased innovation. While the entrepreneurial spirit may still be present, there is increased focus on solution rather profit that leads to fiscal stability later on. This anti-intuitive attitude to business makes sense practically and garners support from the customers first rather than focusing on sales. However, another important aspect is not just taking the failure but learning how to pivot when the solution does not work as planned. In some cases this pivot can lead to a product that is even greater than what was originally pursued. This was a very interesting video on a compelling topic. This book must be even more interesting.
Lean Startups is the great business development innovation I was wanting. I was so bored by the old models. Thank you.
Absolutely agree, Eric has just renewed his crown, 👏👏👏
I heard about lean startup, strategy, management, etc. in many meetings and discussions but never got a chance to know more about it. Recently I read book the lean startup and found many organisations spend money, time, energy in building final products that either customers do not want or they don't like. Also, with traditional way of product development customers are involved at very late phase of the project. results, product cannot be change or revert back because company spends months/years in building product. With lean startup, organisations, new teams, new entrepreneur, product development team can build minimum viable product without knowing full requirements or knowing all possible assumptions.
Such a great talk! While it's dated, the key messages still apply today!
This is one of the best talks I have ever experienced. Well done Eric.
Bro , it was insane .....even the QnA was bomb
Hey Eric, I've really appreciated and took to heart your speech, I'm a small company owner and would like to see how I could develop more and expand on my business ventures.
Humble, inspiring and intelligent. Really fantastic talk.
this guy should have been given more credit for his jokes hahaha I'm actually dying with laughter
Which made you laugh?
The audience noise was reduced for playback. The audience was definitely interacting.
I am too. The appropriate use of sarcasm and acid wit in the workplace is a dying art. Susan Scott has also gotten it down to a science.
This comment aged well. Has the person aged well too 😌
Are you actually dead now?
So relevant - will always be relevant. Great actually seeing this after reading the lean startup! Every agileist should watch this!
31:30 the A-ha moment...prototype, validate, learn (design process)...then build measure learn (lean)
here in 2021 (almost 2022) and seeing the empty crowd at Google for Eric Ries, whose Lean Startup book is one of the most important books in entrepreneurship and product management
#StartUps
The Dominant question of our time is not can it be built but should we Build it, and the issue is, Can we build a sustainable business around a particular product.
- Eric Ries
who is here in 2019?
ya shut up tripolaski
me
yep
2020 :)
I came from future.
Wow, can someone appreciate what an excellent public speaker this guy is! Geesh.
LOl he just knows his stuff
Guys a very good speaker. Very clear, concise, engaging
Based upon the claps at the end the audience was half asleep.
Great talk. Lots to think about.
Thank you.
Love Eric's humorous jabs at Google
I love this question at 56:11 "Why is it not okay for Google to fail. Why not take risks, fall on your face and admit it quickly and move on".
I don't think Eric said anything about "It's not okay for Google to fail".
Unreal talk. Brutal crowd.
Hes got a real good point. Google should test and pivot its products outside of the brand then when it is real good, launch and enjoy success of having the Google brand against it.
:) Defo. For any company doing innovative and expensive development. Imagine spending 2 yrs on building something and launching to flat air? Can't believe the manager in the audience thought Google should be ok with public failure. The words 'arrogance of monopoly' springs to mind there.
Great talk!!
Thanks Google for capturing this
33:15 the only one thing to take away from this video...
You're welcome!
It's from 2011 before he became super star of entrepreneurship
who's here watching this for assignment purpose and learned something good?
2023 gang 🎉
Dear Eric Ries, thank you for all the needed information.Great video !
The cover of his book looks like the language the aliens use in Arrival. js
Oh god lol 😆
This is so ahead of time
The audience was not very receptive to his jokes...
+enjoisk8a911 he's not very funny.
I thought this guy was hilarious
they were probably too busy posting on twitter lol
Very often the recordings of talks doesn't pick up audience sounds. The recordings always makes it sound like the presenter is totally bombing.
Probs because he’s not funny...
Anyone watching during corona 2020?
2021
2022
2024
1776
During the war of 2022
What's really fascinating is the fact behind Tech City Startups based in Shoreditch / Old Street ( London) that only fraction of them properly attempting to LEAN thinking. Concierge MVP is very rare in reality but what's trendy is the GROWTH HACKING as it would be somehow solution....
14:21 reminded me of a trauma ... when i was in my undergraduate course, a professor discounted points in a work on which "i should have just done what was asked for"
Guys, guys, guys, men. If people who address entrepreneurship and anything else could take into account that women are their target too, it would be wonderful. Words have power.
Summary of talk is: focus of solving peoples problem
Brilliant. Thank you So much for your book that really changed my paradigm. 1# book of all time in terms of startups
This talk is for those who have idea, skill, team and money.
@The Loner Millionaire in business you can copy idea.
@The Loner Millionaire yes, thank you. R u really a millionaire?????
Uma grande quebra de paradigmas, muito bom, estimula a pensar fora da caixa.
Imagine there is someone in this comment section who has run with this and actually started a startup that is now super successful
31:30 is really good
Boasts about lean startup and Eric Ries were not exaggerated. It could not be more logical.
Huge thanks to him. Learned so much from this book and even inspired me to make chapter by chapter summaries in my channel
2023 baby
“Failure is, practically, the *only* option.”
This was a great talk.I am in the alpha test phase of my new start up foeCuz.
Listen Universe, My Goal IS TO CLEAR, The 2025 SSC CGL exam with AIR 32 to get the post of Income Tax Inspector.
Oh! Wow! I have cleared SSC CGL 2025 exam and became an Income Tax Inspector.
I am celebrating, I am dancing, I am very happy and feeling very satisfied and excited.
Thank you so much, Universe.
Thank you so much, God.
Thank you, Mummy, Papa, and Bhaisab for always supporting me.
Thank you to all the living and non-living things for supporting and helping me.
Interesting to apply this to the very small start up offering physical services.
Take a look at Paul Graham essay called "How to Get Startup Ideas".
Thank you very much for interesting and effective training
I like the way he addressed the crowd and house rules. 😆👍
what was the google product was he talking about, nearly the end?
Even today, companies prefer to have a big launch of a product or feature with no idea if anyone wants what they made. They leave the customer out of the early parts of the product development process at their own peril.
still... timeless.
Great video thank you for sharing Google!!!
This guy is brilliant.
at 38:04 did Eric Ries start speaking hypothetically about the Google Wave debacle?
it is good talk, no astrology ...and he is nice to listen 2.
If u want the 2 main takeaway go to: min 33 minimum (a) time to make one "loop" ...and then listen till 36 through the (b) innovation accounting in 45. (Pivot or persevere)
"its not what kind of noodles you eat, but the context of how you operate"
There's a full transcript of this talk at www.canadianvalueinvestors.com/home/eric-ries-the-lean-startup-talks-at-google-full-transcript
Never thought about "Ghost Busters" as an entrepreneur's story.
Learned a new management speak buzz word - "pivot".
totally loved it!! A totally new paradigm for me!! what a great day!!
Does it mean that Windows 95 was the MVP for Microsoft ? If it's true, then Microsoft has been doing lean startup for years :-D
"If I asked customer what they want, they would have said "faster horses"" Henry Ford. I take this talk with a grain of salt. Not all the times customers will be a great source of information for your idea.
What a guy.
Interesting presentation...
How many are watching it in 2020 :) ?
Who is here in 2023 ?
2024
2024
I am building my company foeCuz around the idea of users using the technology to meet new people not to invite existing friends
Great talk. Perhaps unfair but I'd say this sounds more palatable than "Fail fast"
Who is here in 2023
This idea is amazing.
Eric's clarification around how to practice mindful and lean leadership is a welcome addition to the field. Here'e a brief reading that we've done from his book: th-cam.com/video/G-E12k9zG8c/w-d-xo.html
Good advice for the big G...
I am sitting on the edge while listening, really interesting. you save us a lot of wasted work :D
It's a very interesting lecture, it helps my business a alot.
you make a great practical sense to me.
Here because of Ícaro de Carvalho :)
ilike majic.. an beer. Thanks Guys.. this all helps.. an we appreciate this
How could I apply this to the Public or Non-Profit?
great speech!
Great talk. But those folk at Google are BORRRING! (note the capitals). Talk about a passive audience
I loved every second of it!!!!
Excellent!
this video makes me wanna order a mcmenu in burguer king
Is he talking about Google/wave buzz? Anyone know what product of Google's he is referring to around 52-53 minutes?