What’s the best way to decide to pivot or not?

Glenn Kelman (President & CEO @ Redfin)
The Maximum, Beautiful Product | TechCrunch

Because the truth is at least one critic has spoken long before you release your product to the world: the beast at the back of your mind always yelling “FASTER, FASTER,” so loud that the little poet in there hardly has a moment to think. Even worse, sometimes the beast says “What’s the point? Of working on a little detail no one will notice? Of exploring an off-the-wall idea likely to end up in the wastepaper basket?” This isn’t a repudiation of… (read more)

What’s the best way to decide to pivot or not?

Glenn Kelman (President & CEO @ Redfin)
The Maximum, Beautiful Product | TechCrunch

Because the truth is at least one critic has spoken long before you release your product to the world: the beast at the back of your mind always yelling “FASTER, FASTER,” so loud that the little poet in there hardly has a moment to think. Even worse, sometimes the beast says “What’s the point? Of working on a little detail no one will notice? Of exploring an off-the-wall idea likely to end up in the wastepaper basket?” This isn’t a repudiation of… (read more)

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: One big idea

Most breakthrough organizations aren’t built on a bundle of wonderment, novelty and new ideas.

In fact, they usually involve just one big idea.

The rest is execution, patience, tactics and people. The ability to see what’s happening and to act on it. The rest is doing the stuff we already know how to do, the stuff we’ve seen before, but doing it beautifully.

You probably don’t need yet another new idea. Better to figure out what to do with the… (read more)

Danielle Morrill (Co-Founder & CEO at Mattermark)
Zombie Startups | Danielle Morrill

How do you know if your startup is a zombie? Here are some hints: You don’t want to get out of bed in the morning. You don’t want to go out in public for fear you’ll have to explain what you do. You haven’t hit 10% week-over-week growth on any meaningful metric (revenue, active users, etc) at some point like launch or some other PR event. You’re working on the same idea after 12+ months and still haven’t launched. You’ve launched a consumer servi… (read more)

Eric Ries (Author, The Lean Startup)
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to … – Eric Ries – Google Books

When an entrepreneur has an unclear hypothesis, it’s almost impossible to experience complete failure, and without failure there is usually no impetus to embark on the radical change a pivot requires. As I mentioned earlier, the failure of the “launch it and see what happens” approach should now be evident: you will always succeed—in seeing what happens.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
The Second Year – AVC

Not every startup works. There may come a time when you realize the third year is not coming. And then you have to move on. But with the right vision, the right team, and a ton of hard work, many get past the second year. And the good news is that the second year is history when that happens.

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: When will you get to Ramsgate?

Nobody, ever once, pops to the top. You walk there. Step by step, each a failure until it’s not. If you’re not yet at Ramsgate, you’ve got some walking to do. And then, when you get to Ramsgate, more walking.

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Gradually and then suddenly

Day by day we improve and build an asset, but none of it seems to be paying off. Until one day, quite suddenly, we become the ten-year overnight success. The media writes about suddenly, we notice suddenly, we talk about suddenly. That doesn’t mean that gradually isn’t important. In fact, it’s the only part you can actually do something about.

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Very good results (and an alternative)

Hard work, diligence and focus often lead to very good results. These are the organizations and individuals that consistently show up and work toward their goals.

But exceptional results, hyper-growth and remarkable products and services rarely come from the path that leads to very good results. These are non-linear events, and they don’t come from linear effort or linear skill.

It’s tempting to adopt the grind-it-out mindset, because that’s so… (read more)

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Resilience

Resilience. Given how important it is, it’s surprising we don’t hire for it.

How easily do you bounce back from a disappointment? What is your reaction to change? As an investor, or a board member or an employee, are you seeking stability or impact?

Resilience is a skill, one that’s probably more valuable than most.