[nashequilibrium]

This is a question asked to Steve Jobs when he released the iphone: Reporter: "Why in the world would Apple jump into the handset market with so many competitors and players?"

Steve: "One of the biggest motivations for working so hard for a few years to make a great product, is you want one yourself and we use all the handsets out there and boy is it frustrating, it's really frustrating, its a category that needs to be reinvented, needs to be made not only more powerful but much easier to use and so we thought we could contribute something and we don't mind the fact that there's other good companies making products out there. The fact is 1 billion handsets were sold in 2006 & if we get just 1% market share, thats 10million units."

I don't know why but i always remember the guy from pinterest talk, when he spoke about going over a year and just having around 13000 users. I also remember a blog post by someone who actually spoke to him about his idea and didn't like it. How many of todays VC's, incubators & entrepreneurs would stick around for 2yrs to see if an idea will get traction?

Then for some reason i always think about Kevin Rose's milk which had a couple hundred thousand users in just around 3 months and he shut it down. I noticed he has started with the same concept again. Personally i think you cant point a finger at either side as it is hard to stick with a slow growth business and also hard to accept defeat. I think that you just have to be believe so much that your way is the right way and make the world understand that, just the way Steve Jobs did with the iphone in a competitive market.

[clairity]

patience does seem to be in short supply these days, but it's not just a vague belief that should drive the entrepreneur. it's that you see something the rest of the market has overlooked. it's that you think you have a potentially unfair advantage because of what you know, see, and can do (one that keeps you out of a situation like your username, i might add).

there's a fine line between tenacity and stubbornness (the latter of which is not pretty to watch).