Dr. Kenan Sahin, MIT professor and lean startup strategy expert, recently launched a book titled “Lean Startup to Lean Company to Rich Exit.” The book caters to budding entrepreneurs, business academics, and anyone interested in the startup landscape. It delivers detailed insights obtained from his personal journey of transforming a lean startup into a successful company.
Sahin ventured into entrepreneurship in 1982 with a mere investment of $1,000. By applying theories and instructional material from his job as an MIT professor, he successfully elevated his first business, Kenan Systems, to a whopping $1.54 billion exit deal. Following that, he marked his territory in the telecommunications field with the establishment of Airvana in 2000 which he successfully navigated to a lucrative initial public offering.
In his guide, Sahin stresses the importance of continuous learning and hiring based on attitude, readiness, experience, and skill set. He advises against relying heavily on external funding and lays emphasis on promoting innovation, strong customer service focus, constructive communication, strategic planning, and financial self-reliance.
The book also highlights the concept of fostering seamless internal communication, reassessing the intellectual property rights norms, promoting “peace contracts” for profitable exits, and implementing advanced technological solutions.
Strategic insights from MIT professor’s startup journey
Sahin emphasizes corporate sustainability and the importance of being environmentally friendly. Additionally, he explores effective business transition strategies and offers insightful tips on handling business crises amid market changes.
Bill Aulet, the current managing director at MIT Sloan, commended Sahin’s work as a valuable resource for budding entrepreneurs. He praised Sahin’s dedication and stated that such insightful studies play a crucial role in shaping the future of business strategies globally.
Besides being an accomplished author and educator, Sahin has also successfully founded and currently leads two companies, TIAX and CAMX Power. Starting with a $1,000 investment, he expanded Kenan Systems into a global entity with a 750 strong team which he ultimately sold to Lucent/Bell Labs.
Over the years, Sahin has received various awards like the World Economic Forum Technology Pioneer Award and the International Institute of Boston Golden Door Award for his significant contributions to the tech industry. Currently residing in Lincoln, Lexington, and Kennebunkport, Sahin continues to inspire tech enthusiasts with his vision and exceptional leadership at both TIAX and CAMX Power.
