1. List the five principles of the Lean Startup (method). Define/explain, in your own words, three (of the five) key principles of the Lean method.
2. What is a minimum viable product (MVP), and provide an example.
3. What is a pivot, and provide an example of such from a publicly-traded company, within the past year.
4. Which type of risk is most common in startups: Product Risk, Customer Risk, or Business Model Risk? Pick one and, in a few sentences, explain why.
5. On the second day of class, we briefly reviewed the Customer Development Model (CDM), by Steve Blank (Hint: Slide deck is still on canvas).
6. In a sentence or two, please explain how the CDM fits into the Lean Startup Method. What (definition) is a Startup, and Why (purpose) do they exist? I am looking for responses based on reading the Lean Startup, looking at the Customer Development Model, doing a Business Model Canvas, and listening to guest lectures on product/market fit.