I gave at talk this morning at Yankee Group. It was part of the SmartSpeaker series that CEO Emily Green has been organizing for a few months now. Many months ago, over breakfast, Emily asked me to give a talk on strategies for startup success. Foolishly, I agreed.
The trouble with the topic, as I’ve written before, is that there are very few strategies for startup success with a high batting average. And startups, unlike blackjack hands and day trades, take a good piece of an entrepreneur’s life. A strategy that is successful 55% of the time will work wonders on Wall Street and in Vegas but may cause an entrepreneur to repeatedly fail her entire life.
Hey, let’s not get gloomy. There is a silver lining. It’s called luck and timing combined with assembling a great team that continually performs quick & cheap experiments. Esther Dyson says: “always make new mistakes”. Make them quickly and cheaply, I’d like to add.
I ended up giving three talks in one at Yankee today:
- Strategies for Startup Success
- Why Do Startups Succeed or Fail
- The Startup Environment
The questions from the analyst team were excellent. I hope to continue the discussion here.