Do investors buy into the lean startup movement?
“Investors follow entrepreneurs, not the other way around” – Eric Ries
While Eric Ries’ The Lean Startup is fast becoming the playbook if not the Bible for the new generation of tech entrepreneurs, what do investors think of it? Are they clued into vanity metrics vs. learning metrics? Do they think about innovation accounting?
That was the question posed by Bob Moul, Philadelphia Startup Leaders president and appRenaissance CEO at this weekend’s Lean Startup Machine workshop held here at Venturef0rth. Eric’s answer says a lot about how far the movement has yet to go and cautions entrepreneurs not to let the investor tail wag the dog.