What is the Lean Startup methodology and how does it relate to the Business Model Canvas?

Multiple Choice

A methodology that encourages entrepreneurs to create elaborate business plans at the early stages of their business, using the Business Model Canvas as a tool to document and present their plans.

A methodology that encourages entrepreneurs to develop and test the feasibility of their business concepts as early and efficiently as possible, using the Business Model Canvas as a tool to capture and iterate their ideas.

A methodology that encourages entrepreneurs to launch their business concepts without any experimentation or learning, using the Business Model Canvas as a tool to measure and optimize their performance.

A methodology that encourages entrepreneurs to copy the successful business models of other companies, using the Business Model Canvas as a tool to compare and benchmark their results.