Business Building
sari and
Business Building
In more physical industries, there are generally diminishing marginal returns: the next acre you plant and next oil well you drill is probably not as productive as the last one—because if it were, you would have done it first! But the next user of a software platform is often more valuable than the previous one, because they increase the size of the network.
You need 2 types of people to keep early-stage startups from stagnating:
- someone who’ll shamelessly sell the product before it’s fully ready to be sold
- someone who’s embarrassed by this and will push to improve the product faster
nametwitter.com
Email from Steve Jobs to Apple employees on the day it surpassed Microsoft to become largest tech firm
a fascinating example of humility and leadership
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 more
Another view was an insane amount of value ascribed to hyper-narrow features masquerading as companies, leading... See more
Michael Dempsey • On Scope Creep & ZIRP Lessons
expand the product, not the mission
A business doesn't need a mission, a vision, a guiding light, or a north star to stay in business. It doesn't need AI or this framework or that tech stack. It doesn't need an investor, a board, or the backing of X, Y, or Z.
It just needs to make more than it spends.
Jason Friedx.com