Why was Steve Blank quoted as saying, "A startup is a temporary organization in search of a scalable business model"?
A)Most companies do not have a business model.
B)People often make mistakes and need to start over again.
C)A business model can be adjusted to meet new information.
D)Most business models are not scalable.

Question

Quizplus · Accepted Answer

Steve Blank's quote emphasizes the idea that a startup is a process of discovery, in which the goal is not to create a perfect business model from the beginning, but rather to continuously test and adjust the model based on new information and market feedback. The phrase "temporary organization" indicates that startups are not intended to remain in a state of experimentation forever, but rather to eventually find a sustainable and scalable business model that can support long-term growth. Therefore, the best answer is C, because it highlights the importance of flexibility and adaptation in the process of building a successful startup.

Why Was Steve Blank Quoted as Saying, "A Startup Is