Venture Hacks

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Eric Ries: “In a startup, both the problem and solution are unknown”

October 9th, 2008

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Here are the latest great quotes from our Twitter feed (RSS):

“It is an odd reflection on the priorities of our society that we value finance over technological innovation.” - Peter Thiel

Eric Ries

“At IMVU, we opened up our board meetings to the whole company.” - Eric Ries

“Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.” - Ries

“In a startup, both the problem and solution are unknown.” - Ries

Lean startups can be the most capital efficient companies in the world, because they strive to prevent energy from being expended uselessly.” - Ries

“The hard part is to figure out the fewest possible features that could possibly accomplish your company’s goals.” - Ries

Self-Loving

“Are you so busy building barriers-to-entry that you’re not even in the market yourself?” - Us

“There’s only once company in the world with the ‘best’ developers. The rest of us have to make better products through better processes.” - Us

“Fund-raising is where you do or don’t capture the value of all the work you’ve done since you started the company. Treat it like an M&A.” - Us

“You’re not a team until the members take responsibility for combining their individual works into a collective work.” - Us

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1 response so far · Comments RSS

# Kate · Oct 10, 2008

I really like these quotes! As someone who is working to get a start-up in the social networking/casual games arena up and running, these pearls of wisdom ring so true! Thanks for the great blog! I read it everyday.

 

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