The following notes were made after reading Eric Ries’ The Lean Startup .
What is a Startup?
A Startup is “A human institution designed to create new products and/or services under conditions of extreme uncertainty”.
What is an Entrepreneur?
An Entrepreneur is “A manager with vision”. He or she may work in a small company, a large company or organisation or something in between. He or she is happy to work with risks and the unknown, but wants sound answers.