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Your comment put me in mind of something I saw in 1999 or so; where a local newscast in Austin profiled a local start-up and included: "We can't discuss what w
by mcguire 4y ago
Your comment put me in mind of something I saw in 1999 or so; where a local newscast in Austin profiled a local start-up and included:
"We can't discuss what we do because someone else could take the idea and beat us to it."
That was the beginning of the dot-com bust.
- JohnFen 4y agoYep. I've heard that sentiment more times than I can count over the decades -- and in every single case, without exception, those ventures failed pretty hard. I think its because the sentiment expresses a fundamental misunderstanding of how business works and what makes it successful. The idea is not the most important ingredient in a business, the execution is. For the most part, it doesn't matter if someone else takes your idea and beats you to it as long as your offering is better at solving the customer's problem. And that's a matter of execution.