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by menloparkbum
6521 days ago
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The iPod was designed and manufactured in less than a year. It sold 125,000 units in the first month. That's his definition of a dud? Likewise, Google went from being a stanford research project to the best search engine in less than 3 years. His premise is wrong and the article is an apologia for being slow. Every huge success on the web, and in the computing/internet sector in general has been the result of being better and faster than the competitors. 10 years is way too long. If you haven't succeeded in 2-4 years you are doing something wrong. The trap: sprint all day and run out of energy before the marathon even starts. Runners who win marathons can run all day at a pace most people would consider sprinting. |
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Take Amazon (established 1994). It was a great success as a startup in 2-4 years (IPO in 97'). It got big fast. It made waves. It challenged the way the industry needed to work & it presented a net gain for the economy as a whole. It became profitable in 2001/2 (7-8 years). A reasonable definition of a successful business . By 2004 - 2008 (10 - 14 yrs) it's a stable business it is clearly here to stay. The elements of its strategy that made it successful in the second half of its life (the profitable one) are the slow & steady ones. Reliability, customer service, trustworthiness, customer goodwill, a long lived affiliate program...
But I agree, some of the examples he gave were probably not the best.