How a key architect of Lean Startup uses his own lessons to scale up - Business Insider

Alex Osterwalder, startup founder and author, and one of the architects of the Lean Startup approach, has led four companies that made him an expert on innovation and strategy, earning the trust of the world's biggest companies.

Ask innovation expert, author, and startup founder Alex Osterwalder, and he'll say that more money and people are a means to an end. The real questions are twofold: What is the real value that you're offering to the market, and do you have a business model to support that value proposition? "Rather than throwing bodies at a problem, like any consulting firm would do, like McKinsey or Bain, we actually throw very few bodies at the problem and use technology to be able to scale it," Osterwalder said in an interview with Business Insider.

But in spite of his expertise in building and testing business models, Osterwalder says there's only one way to learn the ropes of building the business in the real world. There's just no replacement for experience. "Smart people who can figure it out will make mistakes that smart people who've made those mistakes before won't make again," Osterwalder said.

"The good news is we have a pretty sustainable business model that can swallow all those mistakes. Most companies, they run out of money when they make the mistakes we made, but we actually started with a business model that was pretty good," he said."If we wanted to scale faster, we probably would have just become a consulting firm," he said. "But I'm not interested in scale, per se. What I'm interested in is us actually realizing a vision.

Cisco strategyzer featured

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How a clothing-rental startup is navigating the coronavirus outbreak - Business InsiderArmoire, a fashion startup for professional women, had its best month ever — then the world started working from home. Here's what it's doing to survive the crisis. Create inspirational spaces when workingathome ✅👇
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Startup investors accused of 'horrible behaviour' - Business Insider'It's like they are trying to f--k us': Founders say investors are using the coronavirus to renege on term sheets Oh boohoo. This is the mentality that easy money created. It’s drying up and it’s time for business people to come back to reality. Lol, we’re past economic reason if founders of VC funded tech startups think that pulling funding because of a force majeure is “reneging.” Lemme guess, these founders are all between like 25-35 years of age! I backed out of 2 term sheets already (1 in US and in Philippines) . Was only for $325k total but these are extraordinary times.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet the 12 telemedicine startups put to the test by the coronavirus - Business InsiderInvestors have poured billions into telehealth startups, which are now screening people for coronavirus, and helping keep patients out of crowded hospitals.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Tech startups in Portugal join forces to fight off virus - Business InsiderMore than 100 startups in Portugal are helping fight COVID-19 and it's a model other countries can follow
Source: BusinessInsider - 🏆 729. / 51 Read more »

20 startups that are hiring remote workers right now - Business InsiderIf you're looking for work, companies like GitLab and Upworthy are hiring for multiple roles right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Chinese carmaker Geely will airdrop customers new car keys by drone - Business InsiderGeely now not only sells an SUV with a filtration system meant to combat the coronavirus, it also offers a contactless way of having it delivered. LMAO!!!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »