- List the five principles of the Lean Startup (method). Define/explain, in your own words, three (of the five) key principals of the Lean method.
- What is a minimum viable product (MVP), and provide an example.
- What is a pivot, and provide an example of such from a publicly-traded company, within the past year.
- Which type of risk is most common in startups: Product Risk, Customer Risk, Business Model Risk. Pick one and, in a few sentences, explain why.
- On the second day of class, we briefly reviewed the Customer Development Model (CDM), by Steve Blank (Hint: Slide deck is still on canvas).
- In a sentence or two, please explain how the CDM fits into the Lean Startup Method? What (definition) is a Startup, and Why (purpose) do they exist? I am
looking for responses based upon reading the Lean Startup, looking at the Customer Development Model, and doing a Business Model Canvas, and listening
to guest lecture on product/market fit.
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