20VC: The Lean Startup's Eric Ries on The Missing Function of Entrepreneurship in Most Companies, Creating A New Accountability Paradigm & How To Structure Promotions and Compensation In The New Structure
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 8 November 2017
⏱️ 25 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Eric Ries is the author of International Bestseller, The Lean Startup, which changed the language of business introducing terms such as A/B testing, MVP and "pivoting". The book has sold over 1m copies and been translated into over 130 languages launching a global "lean startup" movement. Eric is also the author of the recently released, The Startup Way, detailing transformations at tech titans such as Facebook and Amazon, providing a framework for entrepreneurial management. In addition, Eric is also the Founder & CEO of The Long-Term Stock Exchange and has served as an EiR at the likes of Harvard Business School, IDEO and Pivotal.
In Today’s Episode You Will Learn:
1.) What is the origin story of "The Lean Startup" and Eric's realizations for the importance of the methodologies presented in the book?
2.) What is the matrix management structure? In which cases does it work well? Where does the traditional structure fall down? How does this affect how startups should think about their structure from day 1?
3.) Why does Eric believe that "we have to create a new accountability paradigm"? Why does Eric believe that most organizations have a pathological fear of failure? How is this conveyed in their structure? What are the consequent dangers of this fear? What does a "productive failure" look like?
4.) How does Eric view the creation and maintenance of culture? How exactly does Eric define culture and what it is to a company? Why does Eric not believe in manifestos!
5.)How can employees determine how committed their employer is to enacting these policies? How can this be reflected in the company attitude to budget? Why does Eric believe that each element of the organization should have independent fluctuating budgets?
Items Mentioned In Today’s Show:
Eric’s Fave Book: Ancillary Justice
Eric’s Fave Blog: Kickstarter Blog
As always you can follow Harry, The Twenty Minute VC and Eric on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Available in carry-on and check-in sizes, Raden is the case for better, smarter travel. By pairing the lightest and most durable materials with technology, travelers can charge their devices on the go, weigh, and track their cases. Visit Raden.com to use code 20VC at checkout. With purchase, receive credit towards Tablet Hotels for the next year. If a UK listener, head over to Selfridge’s and shop Raden today.
The Simba Hybrid. The most advanced mattress in the world. With a unique combination of two thousand five hundred conical pocket springs and responsive memory foam, it offers the perfect support for two people. A mattress that responds to you and your partner’s sleeping patterns. Delivered free, with a one hundred night sleep trial, free returns and a ten year guarantee. Start your free trial at simbasleep.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the 20 minute VC with me, Harry Stebbings. As you all know by now, you can add me on Snapchat |
| 0:04.6 | at H. Stebbings with two Bs. I really am always very accessible there, and I love to hear your |
| 0:08.9 | thoughts and feedback. However, to the show today. And today's guest is not really a VC, but hey, |
| 0:14.0 | after 1,200 interviews and over 10,000 hours with VCs, I think I can bend the rules slightly. And what a way to bend them today with our guest, |
| 0:21.3 | Eric Reese, joining me in the hot seat today. For those that have been living under a rock, |
| 0:25.3 | Eric is the author of the international bestseller, The Lean Startup, which changed the language |
| 0:29.8 | of business, introducing terms such as AB testing, MVP, and pivoting itself. The book has sold |
| 0:35.6 | over a million copies and been translated into numerous |
| 0:38.2 | languages, launching a global lean startup movement. Eric's also the author of the recently |
| 0:42.9 | released The Lean Startup Way, detailing transformations at tech titans, such as Facebook and |
| 0:47.9 | Amazon, providing a framework for entrepreneurial management. In addition, Eric's also the |
| 0:52.3 | founder and CEO of the long-term stock exchange |
| 0:54.8 | and has served as an EIR at the lights of Harvard Business School, IDEO, and Pivotal. I do also |
| 0:59.9 | want to say a huge thank you to Eric Taranberg, the man behind the introduction, so we really |
| 1:03.8 | do appreciate that and Eric really has been fantastic to the show. But before we dive into the show |
| 1:08.1 | today, in this profession, we all do a lot of travel, and it was always a nightmare for me. |
| 1:12.2 | My phone would die, I'd worry about lost cases, the list goes on. |
| 1:15.8 | And then I had Josh Udashkin from Raiden on the show. |
| 1:18.4 | I bought one of the cases after the episode, and it's genuinely changed the game for me. |
| 1:22.3 | With a removable battery in two external USB ports, I never have to worry about a dead battery when traveling now. |
| 1:28.0 | It's also location aware with built-in Bluetooth, meaning you have this incredible digital |
| 1:32.0 | passport from your Radin. It even has this self-wearing ability, so you ensure you never go over |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.