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Pivot based on validated learning from "summary" of The Lean Startup by Eric Ries
The core idea behind the Lean Startup methodology is to ensure that entrepreneurs are not simply building something that nobody wants. It focuses on leveraging validated learning to guide decision-making and product development. This means that instead of relying on assumptions or gut feelings, entrepreneurs should constantly be seeking feedback and data to validate or invalidate their hypotheses. By pivoting based on validated learning, entrepreneurs can avoid wasting time and resources on ideas that are doomed to fail. A pivot is a structured course correction designed to test a new fundamental hypothesis about the product, strategy, and engine of growth. It is not a random change or a desperate attempt to save a failing project. Instead, it is a strategic move based on concrete evidence gathered thr...
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