Culture
Confidence: The Currency of Acceleration 6 minutes read.
This post by Eric Paley is highly relevant in today's world, where companies are facing the consequences of rapid growth with questionable profit strategy: "It's confidence, not capital, that should be the currency of acceleration at a startup — no matter if you have a million dollars or a billion dollars to burn. [...] Companies create value by compounding learning and therefore compounding confidence in their future. As confidence grows, companies will earn credibility inside the management team and with investors."
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Capturing Luck With "or" Instead of "and" 4 minutes read.
Jason Cohen shares a painful truth for building a successful company: there is a lot of power in multiple plans that are decoupled from each other. You learn this lesson when building distributed systems with a requirement for high availability. Multiplying probabilities end up very quickly as your enemy. Switching to "OR" instead of "AND" might lead you to lose focus, so build the strategy formula (what you're planning to do) before you're executing the plan.
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Disruption Theory Is Real, but Wrong 9 minutes read.
"We’re seeing ecosystems of many different products and businesses, many of which in isolation look like integrated businesses or a sustaining innovations and compete on high-end, quality user experience. But as they do so, they create an ecosystem of technology that undermines and eventually disrupts the integrated, single-purpose legacy systems that preceded them." -- Looking at disruptive ecosystem vs. disruptive business is a helpful way to appreciate current innovations. It goes well with "Why now?" many founders often ask themselves when working on a new company - what was changed in the ecosystem that the business can benefit from today?
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