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right. 7) a great team is probably even more important than luck.

• tjradcliffe 12y ago
  I've managed great teams in companies that have failed because they built a product for a market that turned out to mature at about 1% of the level it had been predicted to grow to. It was a great product, delivered on time. It fulfilled a genuine need and it did it better than anything the competition had to offer. But the market wasn't there to sustain the company, and there was no reasonable way to know that far enough in advance to do anything difference. This is the essence of luck. People hate that, but it's the truth.
  • semerda 12y ago
    Cash rich companies can afford these experiments. A startup cannot. A poorly planned investment with great execution is a disaster waiting to happen. So basically to your point. Market fit is pivotal to the health of a startup.