Startup is Human institution which makes product in extreme uncertainty

Traditional Startup

Idea

Business Opportunity

Macro environment analysis

Industrial analysis

Customer analysis

Resource Analysis

Product Testing

Sales Pitch

Plan

Lean Startup

Build Measure Learn

Vision of Product , Roadmap , and strategy , product produced , optimization

Learning using Two ways

Validated Learning

Experimented learning

We make Product . hypothesis Customer Opinion on it

Value hypothesis

How much valuebale / desireable the product is for customer

Growth Hypothesis

How much is the acceptance of the product .. The product will cater in which type of market

How much fast the product attract the customer

Opportunity = Need + Idea + Ability ( Business Idea ) whenever there is a problem

Need = User Desire

Idea =

Ability =

jkm

Mostly Products caters Middle class which is the major of the pyramid