Thoughts and discoveries

Of the 26 companies that I consider realized or effectively realized in my personal track record, 17 of them made complete transformations or partial transformations of their businesses between the time we invested and the time we sold. That means there a 2/3 chance you’ll have to significantly reinvent your business between the time you take a venture capital investment and when you exit your business.

Also check out Eric Ries' post on the Pivot.

As a founder, you need to prepare yourself to think creatively and independently because more often than not, conditions on the ground will change so rapidly that your original well-thought-out business model will quickly become irrelevant.

Steve Blank really does come out with some great insights. Well, he has spent 21 years in 8 high technology companies :)

I think this quote brings up an important point, which is that in order to succeed you must be prepared to change things quite radically within your startup. The aim should be to succeed on a high level vision, not to succeed with a very specific idea. At OnePage, what we have today hardly resembles what we started with, and in the process so far we have even killed some main features. We still have a long way to go, but we are starting to find our feet, and we're now comfortable with changing things when we feel necessary.

What are you working on? Has your startup business model changed since you started? Are you still flogging a dead horse?

If you find my posts interesting, you should see ways to connect with me at my OnePage here.