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The author's point is that both IBM and the local bakery are built to last, patiently building value over time. Startups are too often get-rich-quick schemes w
by panarky 16y ago
The author's point is that both IBM and the local bakery are built to last, patiently building value over time.
Startups are too often get-rich-quick schemes whose founders want to work hard for 3 years, then cash out and spend the rest of their time on 'speeches and beaches'.
- pg 16y agoIBM wasn't "built to last." It was a rollup of a bunch of cash register companies, handed to Watson to run by the financier who bought them. The truth is that in reality there's usually less planning than there later seems to have been. Things that turn out big were often small and tentative initially.
- PetoVera_Matt 16y agoI am not sure how accurate your history of IBM is since I myself am not an expert. I agree with your last 2 statements completely though.
- PetoVera_Matt 16y agoThis was exactly the point I was trying to convey :) "Speeches and beaches" -- my man, such a desire is a wholly lazy and narcissistic dream.