Successful Experimentation Is Throwing Buckets of Money at Every Crazy

question 6

True/False

Successful experimentation is throwing buckets of money at every crazy idea that enters one's head.

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Definitions:

Hypothesis

A suggested explanation formulated with minimal evidence to serve as a foundation for additional exploration.

Experiment

A method used to prove or disprove the validity of an idea or hypothesis.

Feasibility Study

A planning tool that allows entrepreneurs to test the possibilities of an initial idea to see if it is worth pursuing.

Pitch Deck

A concise presentation used by entrepreneurs to provide investors with a quick overview of their business plan and vision.