…tions — and like everything else in my startup, I’ll want to be constantly testing my assumptions. It’s not about getting it right first time, or having a perfect model; it’s about having a direction and constantly doing experiments to get as much feedback as possible.
…ecessarily the most talented — they just happened to have the right connections and opportunities — the companies that succeed don’t do so because they’ve built the best product. Having a great product is table stakes; you’ve still got to have a smart strategy to bring it to market. You’ve got to have the right connections and opportunities.
Some startups exist solely to be acquired. They’re ventures established to capture a market or otherwise disrupt an existing, larger business, such that it’s easier for that business to buy them than not. I think that’s both risky and ideologically unwise: a model born almost entirely from greed. It’s far more interesting to create something that solves real human problems, in a sustainable way; these ventures are also far more likely to succeed.