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.”
There is a common issue of over-optimizing the metrics in business, which can damage the whole system.
Doing the wrong thing efficiently is actually worse than doing the right thing badly.
– Rory Sutherland
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.