Build, measure, learn. They’re the fundamental building blocks of Lean Startup methodology. Critics equate this 3-part cycle with tossing half-baked products to consumers to see if they work – a mistake easily made if you don’t fill in the spaces between Build – Measure – Learn with a little common sense and a lot of communication.
But first, let’s clear up a miscommunication. This isn’t simply about building a product. It’s about a lot more than that.
The goal of Build, Measure, Learn isn’t to build a final product, or even a prototype. It’s to learn as much as possible about your target audience, their pain points, price points, and possible solutions through incremental, iterative engineering. The value of approaching product development this way, rather than the waterfall model (in which a set of requirements leads to product design, followed by implementation, verification and maintenance), is that the product develops as a result of customer feedback from the beginning, rather than developing the product before sending it to Alpha and Beta testing.