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If anything I'd say it's overrated. For all the hype, how many Lean Startup success stories do we have vs. VC-backed, burn-money-for-time plays? How many IPOs i

If anything I'd say it's overrated. For all the hype, how many Lean Startup success stories do we have vs. VC-backed, burn-money-for-time plays? How many IPOs in the past 10 years have come from turning old doors into desks instead of going to Costco? There's obviously no one way to success in entrepreneurship. If times are lean and you have no easy access to money, sure, being frugal is phenomenal. If you're a 40 year old PM at Facebook thinking of doing your own thing? Pay to delegate every single thing you can. All in all, play to your strengths.

toomuchtodo 6y ago
Great comment. Time is the ultimate non renewable resource. Optimize for its effective use ruthlessly.
malavwarke 6y ago
well said, optimize according to the situation & time availability and play by your strength. Thanks for sharing your perspective:)
imtringued 6y ago
A lot of those VC backed companies had a pretty good chance of growing into mildly profitable companies but they were overfunded and forced to grow faster than their market could support. In the end they wasted 100% of the money.
- malavwarke 6y ago
  yup this happens, need to balance growth, money and frugality properly. thanks for sharing.
troupe 6y ago
> How many IPOs in the past 10 years have come from turning old doors into desks instead of going to Costco? I know Bezos' perspective was that the door desks were a way of creating the culture he wanted in the company both for employees and for investors. A desk from Costco would probably cost $400 to $2000 whereas the cost of what you need for the materials for a door desk from Homedepot is $50 to $75. Having put together some furniture from Costco, I'd guess that the time spent creating a door desk is probably less than the setup time for a Costco desk. Folding tables might be another option in the same price point / setup time as the door desk.

toomuchtodo 6y ago

Great comment. Time is the ultimate non renewable resource. Optimize for its effective use ruthlessly.

malavwarke 6y ago

well said, optimize according to the situation & time availability and play by your strength. Thanks for sharing your perspective:)

imtringued 6y ago

A lot of those VC backed companies had a pretty good chance of growing into mildly profitable companies but they were overfunded and forced to grow faster than their market could support. In the end they wasted 100% of the money.

malavwarke 6y ago
yup this happens, need to balance growth, money and frugality properly. thanks for sharing.

troupe 6y ago

> How many IPOs in the past 10 years have come from turning old doors into desks instead of going to Costco? I know Bezos' perspective was that the door desks were a way of creating the culture he wanted in the company both for employees and for investors. A desk from Costco would probably cost $400 to $2000 whereas the cost of what you need for the materials for a door desk from Homedepot is $50 to $75. Having put together some furniture from Costco, I'd guess that the time spent creating a door desk is probably less than the setup time for a Costco desk. Folding tables might be another option in the same price point / setup time as the door desk.