“All new fails” - Zynga CEO Mark Pincus explains his favorite product principle “All new fails. If all new worked, we’d be using new stuff all the time. But how often do you change what’s on the front of your iPhone? How often do the top 10 or 25 apps change? They haven’t https://t.co/pY0Og7wXjW
“We’re working on much bigger failures right now. And I am not kidding. And some of them are going to make the Fire Phone look like a tiny little blip.”
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
Say it fast ten times: first principles force failure. They are what make a company experiment—always, consistently, frequently. Only when a company articulates how it won’t merely block others from creating thick value does the impetus to fail emerge, and the company feels the pressure to evolve products, services, and business that do create thic
... See moreUmair Haque • The New Capitalist Manifesto: Building a Disruptively Better Business
Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz, once argued that early-stage investors and serial entrepreneurs should not be too influenced by disappointments. “The right thing to do . . . is to play the next hand of poker the exact same way you played the previous hand.” Failure is more “the result of randomness” than... See more
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A popular idea in Silicon Valley is “Done is better than perfect.”10 The sentiment is not that we should produce rubbish. The idea, as I read it, is not to waste time on nonessentials and just to get the thing done. In entrepreneurial circles the idea is expressed as creating a “minimal viable product.”11 The idea is, “What is the simplest possible
... See moreGreg Mckeown • Essentialism: The Disciplined Pursuit of Less
That shouldn’t be a surprise: It’s exactly how nature works. Evolution doesn’t linger on past failures, it’s always building upon what worked. So should you.
Jason Fried • ReWork: Change the Way You Work Forever
We are in a product cycle business. Which is to say that every product in tech becomes obsolete, and they become obsolete pretty quickly. If all you do is take your current product to market and win the market, and you don’t do anything else—if you don’t keep innovating—your product will go stale. And somebody will come out with a better product an
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