[storgendibal]

Ben also said in today's update that the "relative importance decreases over time as things like network effects and business models come to bear". This is another way of putting Marc Andreesen and Steven Sinofski's point that if you have product / market fit, then you can do almost everything wrong and it won't matter. I think Ben gets that the tech and product are the only thing that matters pre-PMF, but post-PMF, all the grungy business stuff becomes the high order bit in order to build a business.

[eitally]

I think I'd simplify even further, and say this this way:

If you assume a startup has the technology, as it's nothing without it, then by definition the differentiated recognition of business potential will be achieved through business performance, not technology.

IOW, you've got nothing without the tech, but you don't have a successful business if all you have is the tech.

[LolWolf]

"Necessary but not sufficient."

[eldavido]

Yeah it was funny, I wrote this after reading about half of the update and saw that quote after the fact, which almost perfectly articulates what I said here (albeit better than me, as is most of his writing)