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This new generation of startups really needs to learn some fundamental business and engineering methods, like the value of always having a second source[1]. I
by pdkl95 12y ago
This new generation of startups really needs to learn some fundamental business and engineering methods, like the value of always having a second source[1].
I cannot understand why some people think it is a sane idea to run a business where the your main product or service depends entirely on a single point of failure; doubly so when that single point of failure is controlled entirely by someone else that can cut you off without consequences.
[1] http://en.wikipedia.org/wiki/Second_source http://en.wikipedia.org/wiki/Second_source
- jonlucc 12y agoI don't know. It seems like another risk to build in. They had the chance to make a big app and potentially be acquired by Facebook or someone. They didn't win enough people over to put the screws to Twitter, so they lost.
- pdkl95 12y agoYou can't accommodate a single point of failure when that failure is a guarantee that you business fails. The problem with making a business without a second source for your key dependencies is similar to the problem in the martingale[1] betting strategy; the failure mode means you're out of the game and you can't finish any strategy you may use to compensate for a failures. > be acquired Oh, that explains it. What you're describing isn't trying to be a successful business. Peasants creating an ornate trinket they hope will impress the local feudal lord is not a business plan. [1] http://en.wikipedia.org/wiki/Martingale_%28betting_system%29 http://en.wikipedia.org/wiki/Martingale_%28betting_system%29
- gfodor 12y agoYou ridicule it, and perhaps rightfully, but it's a pretty good way to make a lot of FU money to be able to turn around and flip off the 'feudal lords' after the handcuffs come off.
- sensationaltru 12y agoWhat happened to the good ol' "Don't put all your eggs in one basket" adage?
- HelloNurse 12y agoOptimists don't care about baskets because they don't believe their business is made of eggs.
- MichaelGG 12y agoProbably more like, put all eggs in one basket, then run like hell until the basket is too big to fail or someone buys the basket.
- frabcus 12y agoIt's pretty simple - most people do reject such businesses. You never see the businesses that people researched but gave up early. Some people take the risk.
- vsync 12y agoGave a talk to this effect 5 years ago, to an audience including enthusiastic developers aspiring to found this new breed of startups. I expected my comments might be polarizing but instead of arguments got questions which seemed to indicate this was the first time they'd considered the question. It's not necessarily that people think it's a sane idea per se, but that they've become accustomed to the idea that writing code naturally requires approval of these gatekeepers as a starting point. I hope the ecosystem recovers.