Lean thinking defines value as providing benefit to the customer; anything else is waste.

Products a start-up builds are really experiments…Learning about how to build a sustainable business is the outcome of those experiments [which follow] a three-step process: Build, measure, learn.” “[A startup is] … an organization dedicated to creating something new under conditions of extreme uncertainty.

There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.

Meritocracy is a good thing. Whenever possibly, people should be judged based on their work and results, not superficial qualities.

Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.

Entrepreneurs can't forecast accurately, because they are trying something fundamentally new. So they will often be laughably behind plan - and on the brink of success.

Better to have bad news that's true than good news we made up