So the next key lesson is understanding that growth is largely fueled by learning, and we capture those learnings through experimentation.
At the highest level, it is because our entire business is a hypothesis.
An entire business, especially a startup, is simply a collection of assumptions, with certain assumptions being riskier than others. And, like any other field where we must validate hypotheses, the scientific method (yes, the one you learned as a kid) will be key.
Growth plays a huge role at the startup stage in identifying our riskiest assumptions and proving or disproving them through experimentation.
Even our Foundational Five — they are all assumptions:
They are all assumptions that we are attempting to validate.
And that is why learning is the fuel for growth.
Let’s revisit the flywheel concept discussed in the DC Growth System.
This is why the best teams treat learning itself as leverage.
Every experiment clarifies how to better design, tune, and ultimately master the flywheels and other components that power their engine.
Now, one last thing: the scientific method provides the framework for how we generate the learnings we’re seeking.
But. And it’s a big but. We are not actual scientists. We are (probably) not making drugs for patients.
And I bring this up because we see a lot of founders, when first introduced to the concept of experimentation and testing, fixate on precision. i.e. A/B testing everything under the sun.
Experimentation takes many forms:
An important skill within growth experimentation is understanding how to map the scope of your experiments to the significance of the decision you’re trying to make.
We’ll go way deeper in our experimentation deep dive later in the program, by the way.
But for now, let’s move on to the next guiding principle.