We didn't think much of the startup at the time because its team had spent two years just building a product before ever launching it. While we were working on Anywhere.FM, we came across another small music startup founded by Daniel Ek in Sweden. The team was ultimately acqui-hired by imeem for the impressive tech we had developed, but our dreams of building an independent web music player were over. And in turn, we were never able to find a viable business model for our product. When I founded my first startup, Anywhere.FM, our team leveraged many of the core principles of the Lean methodology to build a web music player. Just as Lean recommended, we hurried an MVP to market in a matter of months and got tons of early feedback from customers.īut despite following Lean Methodology to the letter, garnering glowing press reviews, and growing to over 100,000 users, we still ultimately failed to find product/market fit. The methodology had caught lightning in a bottle, with entrepreneurs worldwide immediately embracing its core concepts, like MVPs, validated learning, pivots, and more. I still remember reading Eric Ries’ blog post that first coined the term “Lean Startup” in September 2008. It fully encapsulated a new way to build startups that was starting to take hold in Silicon Valley.
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