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Mathew G. Johnson, Partner @ 500Startups

Tuesday, October 21, 2008

Complexity Toyota Lean Startups

Venturehacks has a wonderful post today on lessons that startups can learn from Toyota to help them cut out paralyzing complexity and get lean:

Summary: “Lean” is the most capital-efficient way to run a business. Lean is the never-ending process of eliminating waste: finding every activity that does not create value for the customer and eliminating it. The two greatest wastes are overproduction (making things the customer doesn’t want) and inventory (making things that aren’t used immediately).
Posted by Mathew Johnson at 4:41 PM

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