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Google proved they could pump out new business after new business. They just kept shutting them down because they weren't as profitable as search ads. None of
by datavirtue 4y ago
Google proved they could pump out new business after new business. They just kept shutting them down because they weren't as profitable as search ads. None of the things they tried ever had a chance to refine or pivot like any business in the real world. They expect immediate world domination.
Big companies try to incubate startups but just can't leave shit alone. They have to micromanage everything under the terms of the core business. Startups get lucky from trying hair-brained ideas and being scrappy--not being micromanaged.
I'm working in a startup right now, building a new product that complements the core business. The new product is highly suspect, and on paper seems like it could be a real mess (handling real peoples' money). I'm interested to see how it adapts or pivots after meeting the customer, and I'm not willing to write it off because I cannot predict what it will develop into even if the original idea fails. It could all be a waste of time and money. It could also reveal another market. The original idea doesn't have to work out for the venture to be successful.