Saturday, November 7, 2009

What does it mean to experience a startup?

Startup is all about the agility with which its leader can make changes.
How quickly can one learn that one is failing and how quickly can they adjust?

An established company that a startup wants to beat has the luxury (and its Achilles heel) to fail every six months -- i.e. wait for six months to learn whether they failed or succeeded in whatever they put in play and then another six months to make adjustments. In contrast, a startup, that luxury is 10 days to learn if you succeeded and then another 7-10 days to adjust.

This is the reality and intensity of innovation.
Fail early and fail often. Learn always.

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