Take, for example, the ambition to “make your venture-backed startup profitable”: to develop, market, and distribute a product or service that’s never existed before, in a form that’s valuable and accessible enough for large numbers of people to want to pay you for it, in sufficient quantity that your revenue consistently exceeds your costs.
While we’re doing it, it’s easy to imagine that those around us are completely sure of themselves, moving forward in a well-lit space.
In fact, if you visit a growing company, a useful school or anywhere that growth is happening, you’ll quickly see that everyone is stumbling forward in the shadows.
A better use of some of that capital is continued experimentation.
In a world with an emerging new class of startups, the Silicon Valley Small Business, thinking of investment capital specifically as a means to learn more about your users faster through experimentation is worth considering.
The more you learn, the more you’ll be able to iterate to... See more
I even pretend that my client’s business isn’t a business at all. Instead, I pretend it’s a book.
Whether you realize it or not, your business is indeed a lot like a book.
Like a book, it has a main idea. It’s “about” something. That main idea may be sharp and distinct, or it may be broad and commoditized. It may be easy for people to talk about, or... See more