Business Building
by sari and · updated 1mo ago
Business Building
As technology expands the array of entertainment and consumption options, the value of familiar and trusted brands increases dramatically
from Letter #8: Bob Iger (2005) by KG
sari added 5mo ago
build trust
- One result of this past tech cycle was a view that companies needed to build hyper complex ponzi schemes of ambition in order to accumulate capital and be valued. This led to a variety of shooting stars that never realized their main goal.
Another view was an insane amount of value ascribed to hyper-narrow features masquerading as companies, leading... See morefrom On Scope Creep & ZIRP Lessons by Michael Dempsey
alex added 7mo ago
expand the product, not the mission
Not every startup lends itself to such an intense customer focus: some new ventures are supply-led, not demand-inspired. Consumers could have never asked for an iPod until they actually saw one first.
from Product Validation Frameworks are Mostly Useless Without Taste by Cedric Chin
sari added 7mo ago
- 1) All businesses are loosely functioning disasters.
2) Operating a small business feels like a daily knife fight where you get out of bed, try not to get stabbed, get back in bed, and do it all over again.
3) Small businesses don't stay small on purpose.
4) Most companies don't make much money.
5) What money they make is almost always reinvested back ... See morefrom Tweet by Brent Beshore
sari added 8mo ago
- Because big businesses aren’t built on gimmicks. You can blitz your way through Sand Hill Road and spike up the App Store charts on gimmicks, but you can’t actually use them to replace Gmail, or Salesforce, or Instagram, or Instagram, or Instagram, or Instagram. Even seemingly instant successes can’t become lasting companies without putting in the ... See more
from Why Are We Surprised That Startups Are So Freaking Hard? by Benn Stancil
alex added 9mo ago
- Or take HEY. HEY has tens of thousands of paying customers. For us that's a win. For Google/Gmail it would be a huge failure. They need a whole lot more to make something worth it. We need a whole lot less to make it a spectacular success. HEY has tens of thousands of users. Gmail has a billion. So are we "losing" to Gmail? Or are HEY and Gmail bot... See more
from You only compete with one thing
sari added 9mo ago
- I think we have so many examples of assholes starting businesses, and if they’re the majority of examples, we’re only going to have shitty businesses. I want to see people with very specific perspectives and opinions on how to manifest things into the world. More people should take business personally.
andrea added 1y ago
- “If you want to get to the truth about what makes us different, it’s this: We are genuinely customer-centric, we are genuinely long-term oriented, and we genuinely like to invent. Most companies are not those things. They are focused on the competitor, rather than the customer. They prefer to be close followers rather than inventors, because it’s s... See more
from Tweet by Mike McGuiness
sari added 1y ago
I think we are trying to build a company that serves the people that use it rather than serves the company that we founded.
from An Interview with Kevin Systrom and Mike Krieger About Artifact by Ben Thompson
sari added 1y ago