Assumptions Quote by William Lyon Phelps
“In a start-up company, you basically throw out all assumptions every three weeks.”
About This Quote
In fast‑changing startups, assumptions must be regularly questioned and discarded to stay adaptable.
In simple terms: Startups must constantly challenge assumptions.
Key Takeaway
Keep re‑examining assumptions.
Themes
adaptability
innovation
uncertainty
decision‑making
Mood
dynamic
challenging
Type
business
advice
When to use this quote
- product development
- team strategy
- market research
- fundraising
Key Concepts
lean methodology
pivoting
hypothesis testing
Questions to Reflect On
- How do you decide which assumptions to discard?
- What process ensures new assumptions are validated?
A Different Perspective
Frequent assumption changes can cause instability if not managed.
