Principles of Lean Startup Methodology

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As a qualified expert in General Business, with specific knowledge in Principles of Lean Startup Methodology.
Acting as a startup consultant, explain the core principles of Lean Startup methodology, including building a Minimum Viable Product (MVP), iterating based on customer feedback, and focusing on rapid testing and learning. Discuss how this approach can reduce waste, accelerate product-market fit, and encourage innovation. Include the potential drawbacks, such as short-term focus and the risk of underdeveloped products. Offer case studies of companies that successfully implemented Lean principles.
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