Most innovation is not necessarily disruptive; rather it’s mostly incremental, which makes disruption rare and it takes time. It’s also difficult to predict what will be disruptive in the future.
Tag Archives: startups
Start With The Customer Problem, Not The Technology
Generative AI is still looking for its killer app. Sure, there is a niche number of people getting great results using LLMs for work and other activities to be more efficient and productive. Still, most of the existing generative AI solutions out there are hunting for a problem to solve.
Being First Doesn’t Matter, Being Better Does
Innovation is messy. There’s nothing predictable about it. I’ve been too early three times in my time as an entrepreneur. Either the market wasn’t ready, the technology needed to evolve more, or the market didn’t exist. Underpinning all three scenarios was timing. When I had my affective computing startup, Netek, I remember telling my team that we were too early and we might not make it because of it.
Bet On Inevitable Trends
Whether you’re doing more of the same, innovating incrementally or radically, there are no safe bets when it comes to entrepreneurship. It’s easy to follow along and just do what others are doing because you don’t want to stay behind. But remember one thing: Innovators are the early adapters.
How Not To Determine Whether Or Not An Idea is Worth Doing
“I’m not sure about this idea anymore.” Why? I asked. “Because I talked to two potential customers and they don’t seem interested”, she answered. This was a conversation I had with a friend who wants to find out whether or not an idea she has, a need she has, is worth pursuing.
5 Questions To Get Customers To Reveal Their Real Problems
In great pain lies dorman profit. Pain points, frustrations and workarounds are the basis for insights about customer needs. How do you find them and what questions do you ask to uncover them? First thing you’ll have to do is find a problem worth solving, this means you’ll have to talk to potential customers / users of your product or service. Getting this part right is super important because it will determine what you’ll build or won’t!
7 Questions That Every Entrepreneur Must Answer To Create a Game-Changing Business
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund wrote the book “Zero to One” a few years ago. It’s a book about entrepreneurship, innovation and competition. It’s a good book if you want your thinking challenged, specifically in his views about competition; which is simple: escape competition by aiming to be 1 of 1.