The Lean Startup is a methodology for developing businesses and products that emphasizes fast iteration and data-driven decision making. It was introduced by Eric Ries in his book 'The Lean Startup'.
The key idea behind the Lean Startup is to build a minimum viable product (MVP) and quickly test it with real customers to gather feedback. The goal is to learn from these interactions and make necessary iterations to improve the product. This iterative process of 'Build-Measure-Learn' helps startups avoid wasting time and resources on features that may not be valuable to customers.
The Lean Startup also advocates for the use of validated learning through scientific experimentation. By formulating hypotheses and conducting experiments, startups can validate or invalidate their assumptions about the market and customer behavior.
Overall, the Lean Startup methodology promotes a culture of continuous improvement, adaptability, and learning from failures. It enables startups to make informed decisions based on real data, rather than relying on assumptions and guesswork.