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That died with waterfall softwaredevelopment. Do you really want to spent $100k building a product to discover through CustomerDevelopment that the market is too small? Too aggressive about the rate of customer adoption? You might then slow down your burnrate or raise more money.
For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of CustomerDevelopment , Agile Development and if available, open platforms and open source. The CustomerDevelopment process (and the Lean Startup) is one way to do that.
In fact, they were screaming at them to dramatically reduce their burnrates. Ditch the business plan and when assumptions are proven wrong, pivot CustomerDevelopment: Build a product your customers want (vs. Angel investment, which was small to start with, disappeared, and most corporate VCs shut down.
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