Chapter 12: Innovate

Chapter 12: Innovate

1. Speed

   • It doesn't matter how fast you can build or measure
   • The key point its the entire loop speed

2. Budget

   • It has a very high impact on the startup
   • It shouldn't be too much
   • Must be a reliable source

3. Rapid iteration

   • People participate more if they see the work in small batches
   • The learning from mistakes its a lot cheaper

4. Autonomy

   • Startups shouldn't require a lot of approvals in order to create products
   • Autonomy makes the feedback loop a lot faster

5. Operational excellence

   • Its vital in order to fight imitators
   • It becomes one of the most important differentiators

6. The innovation sandbox

   • cross functional team
   • The main objective its to keep constant feedback
   • the learning milestones are in fact actional metrics

7. The lean start up as a framework

   • the lean process should adequate to every company's needs
   • It isn't just a series of steps to follow