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Failure as an event
- thewordpainter 18y agoIf you haven't failed yet, you haven't tried. It doesn't have to be the entire idea...mini failures count too. You learn by action...
- 13ren 18y agoI like his linked "cliff businesses" where network effects are essential for their usefulness (canonical example that he didn't use: the first phone). I think many businesses have network effects as an adjunct to their initial usefulness, which can then fade away (like scaffolding) if a network effect of greater usefulness kicks in. Leaving you with what looks like a "cliff business". Of course, it's hard to plan even an ordinary successful business - let alone a two-stager. e.g. Zune's wireless song-sharing. It doesn't hurt to think about both aspects, and allow for the possibility in product dev, and present both aspects in marketing - at least it then has a chance to work. If it doesn't work (i.e. fails) it's no big deal.
- neilc 18y agoA directory that's incomplete is almost always worthless. Many directories are incomplete but still highly useful (e.g. Yelp is far from a complete directory even for cities like San Francisco, but it makes up for its lack of completeness with the quality of its entries). The question is just whether the directory is complete enough to be useful.