3 ms·
This speaks to our assumption of how great companies are built: large venture capital investment. From my experience, most people think they can build the next
by tyre 11y ago
This speaks to our assumption of how great companies are built: large venture capital investment.
From my experience, most people think they can build the next Uber for X, if only someone would give them that level of capital. Few think they could be the next Mojang, building a real business the hard way.
Mojang did what every startup should be doing:
1) Build a phenomenal product
2) Once the business starts taking off, keep building a phenomenal product
3) As your user-base grows and diversifies, focus on building a phenomenal product
Venture capital can be wonderful if you're already entrenched in that ethos. Otherwise, it will only paper over your mistakes.