
Saved by Paul Sturrock and
In Defense of Starting a Bad Business
Saved by Paul Sturrock and
With the exception of industry experts who have built very similar businesses, opinions are worthless. You want facts and commitments, not compliments. The best way to escape the
“Thiel’s law”: a startup messed up at its foundation cannot be fixed.
A product or service can be cool, or innovative, or beautiful, or even useful, but it only becomes a viable business if the aggregate economics of the value being created are significantly more than the aggregate economics of the costs of operating the business.
In The Lean Startup (2011), Eric Ries argues that the main reason startups fail is because they spend far too long trying to build the perfect product only to launch, almost out of money, with a “perfect” product... that nobody wants.