Why web entrepreneurs are leaning towards lean startup. This has come up a few times in this community recently, so I thought I should make a post about it. Even if you don't agree with every aspect of "the lean starup" you should familiarize yourself with its basics. Someone else can probably describe this better than me, but in my own words it is a "fail fast" method. The idea is that you get...Expand this post »

Why web entrepreneurs are leaning towards lean startup.  This has come up a few times in this community recently, so I thought I should make a post about it.  Even if you don't agree with every aspect of "the lean starup" you should familiarize yourself with its basics.   Someone else can probably describe this better than me, but in my own words it is a "fail fast" method.

The idea is that you get...
Expand this post »

Do you remember Flooz.com? Like lots of websites spawned in the late '90s, it aimed big and spent bigger. "Flooz" was a virtual currency you could use at any retailer who'd accept it, but the company squandered lots of real currency in the process—at least $35 million—before going bankrupt in 2001, after 19 months. In a world of web winners and losers, it merited its own notorious category: a "floozer," you might say.

Today, a flameout like Flooz would be unlikely to replicate in the fast-expanding world of lean startup...