lor3nzo
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09:40:23 pm on December 22, 2011 | # |
Stop Starting Companies That Won’t Change the World
http://bostinno.com/all-series/stop-starting-companies-that-wont-change-the-world/
Starting a company has become so much cheaper in the last few years that, more and more people are founding companies. In fact so many people are starting companies that a standard pattern seems to have evolved.
First, founders think up a problem that needs solving. Next, they come up with an innovative solution to that problem. Business plans are generally considered unneeded and an attitude of ‘build something beautiful and the users will come’ is common. They then enter an incubator, may ‘pivot’ numerous times, and finally get round A funding and are off. Paul Graham’s essays often refer to this standard method for starting startups. This essay refers repeatedly to the pattern of founding a company, the pattern of how to make money off a new, well-designed product.
