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We Study Billionaires - The Investor’s Podcast Network

TIP 119 : The Lean Startup by Eric Ries (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 1 January 2017

⏱️ 47 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

  • How to use Lean Six Sigma to optimize your processes.
  • How to use Validated Learning to develop what the customer truly wants.
  • What Innovation Accounting is and why every start-up should use it.
  • How to develop a minimum viable product, and push it out as soon as possible.
  • Why you should always ask “Why” 5 times when your company faces a problem.


BOOKS AND RESOURCES


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Transcript

Click on a timestamp to play from that location

0:00.0

We study Billionaires and this is episode 119 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. They'll test the waters, tell you what it's called.

0:20.0

They'll give you actionable investing strategies.

0:23.0

Your host Preston Pish and Sting Broderson.

0:28.0

Hey, hey, hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast.

0:34.0

And as usual, I'm a company by my co-host Sting Broderson out in Seoul, South Korea.

0:39.0

And today we have our very, very good friend with us. And that is James Muralski.

0:46.0

And for anybody who doesn't know James is, he was on one of our episodes. I don't know how many episodes ago.

0:51.0

James, do you remember 30 episodes ago?

0:54.0

Yeah, some were around there the long time ago.

0:57.0

He filled in for one of our mastermind discussions. And so if anybody doesn't know who James is,

1:02.0

James is really part of our close knit circle here between Sting and myself.

1:08.0

Because James is the core programmer who's really running our entire site.

1:13.0

And he's also working on a lot of other things on the side that's areas where we're trying to expand our business.

1:19.0

And so we read a book that kind of relates to what the three of us are really trying to do with our business.

1:26.0

And we felt like this book really related to all three of us. And so that's why we all read it together.

1:31.0

And we wanted to come on the podcast and talk about it together. And the name of the book is the Lean Startup.

1:36.0

And this was by Eric Rees. And the reason we picked up this book is I know Sting has been kind of chatting back and forth with Eric a little bit.

1:44.0

But another reason that we wanted to read this book was simply because anyone out there ever see these visual capitalist website.

1:52.0

It's a really awesome website that puts up these pictures and kind of graphically displays all these different economic charts and things like that.

2:00.0

One of the things that they recently did was the most cited books overall in Silicon Valley by different billionaires and CEOs.

...

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