“This is lean manufacturing for start-ups”
A thought provoking article in Sunday’s NYT around a relatively new approach to creating companies - “The Lean Start-Up”.
Interesting highlights include the significantly lower costs of starting a business today (i.e. web based tools) and a shifting focus from “making stuff” to “learning what customers want”.
The “so what” part of the article revolved around the implications for VCs in light of businesses now only needing hundreds of thousands to get going, not millions and the role of Angels vs VCs in this new environment. This was interesting but got me thinking about legacy business models?
A little bit of discussion around how established businesses are being affected? The pressure they’re under? What ways are they adapting/evolving to this new environment? Some examples of those that are embracing and those that aren’t? Maybe even some highlights of those consultants that are helping make sense of all this madness (i.e. MediaLink)?
Worth the read as is but I guess another time, another place on the “legacy” stuff…
http://www.nytimes.com/2010/04/25/business/25unboxed.html?ref=business
