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Something similar is now happening to founders, Mr Rao claims.The lean startup methodology, the accelerators and the standardised term sheets for investments are all signs that the knowledge required to run a startup is becoming codified and commoditised.
As an investor, I love the lean startup methodology.
I wasn't using lean startup methodology when I should have.
Although not a technology per se, the Lean Startup methodology has spread and developed largely through the internet.
I learned about lean startup methodology and actually built some of my own businesses.
Finally, lean startup methodology has come to the clumsy picture framing business.
Similar(26)
"People think of factories as old-school, but I walk into these facilities, they're using iPads, they're using Lean Startup methodologies, all of these crazy things," Menendez said.
Prior to the capped convert, founders had to raise a discrete seed or Series A round, which was expensive, slow and cumbersome – unsuitable at a time when "lean" startup methodologies are now the norm.
The hottest startup methodologies of today, built around ideas fostered by Y-Combinator and TechStars emphasize giving startups almost no money and encouraging them to get a product to market as quickly as possible in order to get real world validation.
After last month's TechCrunch Disrupt, and to provide a business companion to the popular "Lean Startup" customer development methodology, this TC Teardown focuses not on how one specific company makes money but rather seeks to provide a breakdown of the main general ways consumer Internet startups try to make money.
The lean startup framework and methodology was first proposed by Eric Ries.
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