long-term thinking
musings on long-term thinking in a shortsighted world. we overestimate what we can do in a year, underestimate what we can do in 10 kinda thing.
Juan Orbea and
long-term thinking
It took 4.5 years and ~$1bn raised for OpenAI to launch GPT-3, which was their first PMF product.
That breaks every “rule” in the startup world, around mvp and being capital light pre-pmf.
Goes to show you that you have to define your own rules to get outsized success.
immadtwitter.comMuleSoft, acquired for $6.5B in 2018:
- Took 6 years to reach $10M revenue
- Revenue grew less than 100% every year except 1
- Burned $7M to go from $110M to $188M revenue
- Burned $4M to go from $188M to $297M revenue
Efficient growth is highly... See more
Chetan Puttaguntatwitter.com
A league with 30 intense competitors requires a culture of finding new, better ways to solve repeating problems. In the short term, investing in that sort of innovation often doesn’t look like much progress, if any. Abraham Lincoln said “give me six hours to chop down a tree and I will spend the first four sharpening the axe.”