There’s a reason big companies don’t create new stuff, they are subject to rules that individual creators aren’t. They aren’t free to try new ideas out.
*Innovation is on the side of startups. 1,000 startups can try multiple ideas and iterations to find product market fit. The incumbent firms have no idea on how to effectively find what is next.
There will be 20 videos, some with a speaker or two and some with a small panel. It’ll be 1,000 minutes of content if you watch it all.
*Less than seventeen hours to take it all in.
Sam Altman for President – Y Combinator Posthaven:
“I’m convinced there’s a fundamental change happening in the way work gets done. It’s becoming normal to start a startup. There will be a lot more startups in 10 years than there are now, …“ Paul Graham
*Technology allows for new connections and ways to analyze data. Perhaps more than that, it enables new industries to be created and to grow. Where we are now is sort of like where we were when VisiCalc was introduced. Sometimes you can’t see the impact of a revolution until after it happens.
Media Culture Shifts: theory vs. reality:
Regardless of upper management’s determination, you’ll never be able to steer a century-old company the way a young startup adjusts to changing circumstances, whether it’s explosive growth or adverse events.
(Via Monday Note)
Old firms are like big cruise ships, it’s hard for them to change direction and make maneuvers rapidly. Speed and direction changes are two of the things that new firms (typically) have as strengths for dealing with changing market realities.
Just noticed that CrunchBase added something of an info graphic to the site on what topics are getting a lot of activity. This is a nice addition to the site. It helps the user know more about what other users are exploring.
That’s why some people say that anyone who joins a company before they raise money is a founder. In other words, anyone who joins the company before the stock has value to a third party, is considered to be a founder.
via Are founders really 1000x more valuable than employees? – Venture Hacks.
Was previously unaware that this was the case. Certainly to join a venture that has not raised funding can be and is risky. Perhaps it is this risk of it falling apart and building a product or service from a value of $0 that makes one a founder as part of joining the team early.
D.L. Damore 