Advice extremely focused on short-term results helps the median startup but hurts exceptional startups.
I'm not sure I agree with that. The focus of our thinking with Airbnb was short term results — whatever gets growth this week — and that worked well. Maybe the distinction between when it does and doesn't work is not median vs exceptional, but something else?
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Agree with this more. It’s more about when to me. In fact this is still true for small orgs in large cos imo.
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With sincere respect. Maybe Airbnb is median and not exceptional?
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Median startup is out of business within a few years.
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I think it’s always about making sure your short-term actions don’t preclude your long-term success. One you know that kill it with your ST plan
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Brealey-Myers (corporate finance text, read 10+ yrs ago, https://www.amazon.com/Principles-Corporate-Finance-Richard-Brealey/dp/0073405108 …) I think cited a study showing "bad" focus on short-term results actually *improves* long-term performance. So evidence might be on your (pg's) side here.
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Honest question: you guys don’t get bored talking about startups sometimes?
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Not yet! It's such an infinitely complicated topic.
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There may be an arc of evolution to a startup just as does to a person. Perhaps Airbnb was a median co when the short-term advice worked well and once it became an exceptional co, it no longer worked as well?
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Maybe in one case "results" is closer in meaning to "revenue" and in the other it means "growth" and therefore those two are not directly comparable?
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Maybe you took Airbnb from median to exceptional and by then naturally stopped focusing on short term?
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