The rise of the fleet-footed start-up


The fleet-footed start-up playbook advises quick development of a “minimum viable product,” designed with the smallest set of features that will please some group of customers. Then, the start-up should continually experiment by tweaking its offering, seeing how the market responds and changing the product accordingly. Facebook, the giant social network, grew that way, starting with simple messaging services and then adding other features.

http://www.nytimes.com/2010/04/25/business/25unboxed.html?src=busln

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