5 ms·
P(startup) = c * P(pivot), for some constant c
by paulrademacher 12y ago
P(startup) = c * P(pivot), for some constant c
- derefr 12y agoPeople can argue what makes a company a startup or not initially, but I think this is the more important part, because it gives you the most useful fact about a startup: how you can tell when it stops being one. If you're doing customer discovery, throwing MVPs out to see what sticks, and pivoting constantly, you're a startup. If you've found product-market fit, are making quality products, and are entrenching yourself into the market and eliminating competitors, you're a business. Or, to paraphrase Eric Ries: a business is a predictable engine for repeatable revenue generation. The process of groping around in the dark trying to create such an engine, is a startup.
- ruggeri 12y agoHopefully c <= 1 :-)
- rooofer 12y agoIs Apple a startup then, having pivoted from computers, to music players, to phones?