Validated Learning in a Lean Startup

The video tutorial discusses validated learning, a concept introduced by Eric Reese in 'The Lean Startup'. It emphasizes the importance of understanding market and operational metrics for startup success. The 3A's—actionable, accessible, and auditable—are key metrics that help identify success points in a market. Actionable metrics involve understanding necessary activities, accessible metrics ensure information is understandable, and auditable metrics require verifiable numbers. Mastering these metrics demonstrates a startup's validated learning and understanding of its market.

Who proposed the concept of validated learning in the context of startups?

• Eric Reese

• Steve Jobs

• Bill Gates

• Elon Musk

What does the 'actionable' aspect of the 3A's refer to?

• Creating a strong brand image

• Having a large customer base

• Understanding necessary activities for success

• Developing a unique product

What does 'accessible' mean in the context of the 3A's?

• Information is confidential

• Information is easily understandable

• Information is expensive to obtain

• Information is outdated

Why is it important for numbers to be auditable in a business venture?

• To ensure they are kept secret

• To verify and review them for accountability

• To make them difficult to understand

• To increase their complexity

What does a business demonstrate by identifying the 3A's?

• A focus on short-term gains

• A lack of market understanding

• A solid understanding of market success factors

• An inability to adapt