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 is important to have projects on the scale of an entire life rather than months or years
Our ideal outcome as a company is not becoming the next Facebook (god forbid), it’s becoming the next Nishiyama Onsen Keiunkan, a hot spring hotel in Japan, and one of the world’s oldest businesses (founded in 705 AD).
The fact is, star brands take time to grow. Take some of the small makeup companies we have acquired recently, like Bliss and Urban Decay. When we bought them, they were little start-ups run by their founders—very simple businesses, but with a lot of originality in the products. So now we know we must nurture them until they have some history. But
... See moreSuzy Wetlaufer • The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH
Figma had $0 in revenue for 4 years.
Completely breaks the “rush something to market and start charging immediately” mindset that most try to adapt.
And it resulted in the largest acquisition of a private software company (ever) https://t.co/YLGBR9hJe0
All you have to do is just be 5% better than everyone else who’s really bad at it. You don’t have to get everything perfect… you just have to be a little bit better so you can survive the war of attrition.
short-termism
SpaceXponential and • 2 cards
