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Yes, because if a small company can't successfully make one product, they should instead make 3.
by megy 8y ago
Yes, because if a small company can't successfully make one product, they should instead make 3.
- jodrellblank 8y agoYes, because they will learn from the failures of the first, and make the second better. Then learn from the failures of the second-system-syndrome and make the third genuinely better. Which is more likely to succeed, 1 attempt or 3 attempts?
- fleitz 8y agoSmartphones have found product market fit, this isn't X for Y trying to get ramen profitable while consulting on the side. This is a company with $300 million in funding. You're supposed to knock it out of the park, not pivot endlessly. Imagine GE making a new turbine engine, it's supposed to fucking work, because that's why you give GE/Rubin/'the adults' $300 million and not some kids in a garage a couple hundred grand.
- astrowilliam 8y agoWe're talking about a small company here. Sometimes small companies don't have the resources to move forward with a 2nd product if the first one didn't pay off.
- wpietri 8y agoAh, this poor, tiny company that raised only $330m: https://www.crunchbase.com/organization/essential-2#section-funding-rounds https://www.crunchbase.com/organization/essential-2#section-...
- nine_k 8y agoTranslated to the standard startup-speak: they should have enough runway for two pivots.