I heard @mwseibel once say that the longer a startup survives the more likely it succeeds.
Organizational exploration as Snake game. The longer a startup exists w/o finding product/market fit, the more history it accumulates. History biases new work through desire to not waste past effort. Maybe better to search for ~1y then fold and reset if not happy with outcomes?pic.twitter.com/BpJB40a5WM
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It’s true. Don’t forget about the thing that powers the startup: the people. You get to know each other better, you grow together. Harmony.
End of conversation
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This is an interesting idea, but not isolated to startups. It’s path dependence. Big companies fall prey to this too. Once a project grows too big execs will keep throw money at it to not waste the sunk cost.
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Hah or Tetris!
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Great point. I would argue product development should be beta or MVP only until you have a repeatable feature or value communicated through multiple clients. Limit initial investment in year 1 to get that PMF feedback.
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