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In the financial planning entrepreneurs make often the mistake of a hockey stick estimate. What does this mean and what are the fundamental false assumptions

In the financial planning entrepreneurs make often the mistake of a hockey stick estimate. What does this mean and what are the fundamental false assumptions leading to it?

What are the differences between a regular startup and a lean startup process? Please refer to the two phases of the customer development process (Search and Execution). How is the lean startup methodology useful for a new venture? Please use a case like WebVan to describe the differences and their consequences.

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