The Power of 'AND'
I have been fortunate to be helping startups over the past few months. I think both of two of these startups have a great chance because they are combining two disparate things into a new service or product. One thing that I have noticed about successful companies (both startups and giants), is that the ones who tend to be successful are those who employ the “Power of ‘AND’.” This means they take traditionally mutually exclusive characteristics and then combine them.
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Product and/or technical
Product and/or technical differentiation is clearly an enabling factor in the success or not of a start-up (or past start-up) company. Interestingly, just this evening one of my management team and I discussed the fact that despite the passage of time, we still had a perceived advantage in both of our technology clusters. What is our "and" factor? I'm not sure, but the nature of technology transfer is taking a technology from one market or area and applying it to another...T2 is also the leveraging of R&D and turning it into a new product. So, I guess in that light, our "and" lies in the federal laboratory origins of our technologies and the unique management approach we've taken to bring the effort to its current state.
It has just taken wa-y-y-y too long to get here, and yet, the market has not run away from us.
You actually might be AHEAD
You actually might be AHEAD of your time. Look for my next blog on "timeliness" to market (not time to market).
Keep up the good fight!
I've been told that one of
I've been told that one of my greatest strengths is also one of my weaknesses. If an entrepreneur has vision that is too early, then the entrepreneur either has to outlast the waiting period (for the market to catch up), or die on the vine for lack of funding and credibility.
You are absolute prescient
You are absolute prescient on that matter.
Prescient, perhaps. Poorer,
Prescient, perhaps. Poorer, for sure. But thank you, I think :)
I wish there was a spell
I wish there was a spell checker here...or ability to edit your own post (sorry, Matt. You've done such a great job with Door64, so this is a niggling little point).
You can edit your own posts,
You can edit your own posts, although unless Matt already fixed it there is a small bug in the point system related to that. Also, if you use Firefox (and you should be for more reasons than this), it has a spell checker that works with the message editor here.
I was referring to the bug.
I was referring to the bug. At the same time, I think that this "creation" of Door64 is, well, a valuable addition to building a community. Now, if we can only communicate that 75 miles is not the Grand Canyon, nor is it another country.
Its more like 90 miles for
Its more like 90 miles for me since I am in the Pflugerville area, and I have to go all the way through Austin traffic to get there. It is a drive I can do on occasion, but at today's gas prices its too expensive to do on a regular basis. On the other hand, distance doesn't matter much on the Internet.
Discretionary travel and gas
Discretionary travel and gas prices. I just had to Google Pflugerville to see where it is. Yes, 90 miles is a bit far...going through the Austin jam is probably worse. I just don't think of distances the same way. Before I moved to Texas, I had to drive about 35 miles to get to Manhattan, but it took more time than it takes me to drive to Austin. Also, since I live around 1604, my trip is faster (I'm 13 miles to my office). I used to drive from my home to Brookhaven National Laboratory (50 miles but 75 minutes) or to Stony Brook University (40 miles but 60 minutes) for meetings all of the time.