Lean Manufacturing and Six Sigma Definitions

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Eric Ries

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Eric Ries (born September 22, 1978) is an entrepreneur and author of The Lean Startup, a book on the lean startup movement.

In 2004, Ries was co-founder of IMVU Inc. Investor Steve Blank insisted that IMVU executives audit Blank’s class on entrepreneurship at University of California-Berkeley. Ries picked up Blank’s method of fast customer feedback, called “customer development,” and applied it at IMVU in combination with lean software development, testing alternate versions of the product, and measuring download rates. IMVU deployed code to production nearly 50 times a day, an unusually rapid development cycle.

After leaving IMVU, Ries developed the lean startup methodology, which originated from a combination of ideas such as lean manufacturing and Steve Blank’s customer development methodology.

In 2008, Ries began to document the lean startup methodology, and he released the book “The Lean Startup” in 2011 to massive success, selling over one million copies.

In 2015, Ries began organizing The Long-Term Stock Exchange (LTSE), which is building a new U.S. stock exchange that aims to align the interests of companies and long-term investors and improve the public company experience. On May 10, 2019, the Securities and Exchange Commission SEC)approved the Long-Term Stock Exchange as a national securities exchange.

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