EP05 - Learning from failures!

Validated Learning was coined by a genius entrepreneur, Eric Ries. The definition that Eric gives is somewhat like “validated learning, is the unit of progress in a lean startup”. A lean startup, if you don’t know, advocates that entrepreneurs should develop products that users want and that the market will exist as soon as the product is released. The difference between a lean startup and a traditional business is that a traditional business would wait for the product development to be completed and then look for customers. Another major difference is that a lean startup is experimental in its philosophy. Okay, coming back to validated learning. Validated learning is how we measure our progress. How do we know how much have we learned from our experiences? These days I say that I have learned a lot from my failed ventures. These days I say a lot that I am learning from failures. But how much of that is true? Cover Art by Yugantar Malhotra