Validated Learning in a Lean Startup

Validated Learning in a Lean Startup

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Eric Reese

Steve Jobs

Bill Gates

Elon Musk

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Information is outdated

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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