Tag Archives: build

Defining the Future

Seven things billion-dollar startups do

Here are some ingredients for billion-dollar startups I’ve isolated.

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1) Make one button do something magical for the consumer. (Uber)

Uber with code(love) from Uber blog

Uber with code(love) from Uber blog

2) Make technologies enterprise-friendly (Red Hat)

Red Hat with code(love) from linuxjournal.com

Red Hat with code(love) from linuxjournal.com

3) Create a well-balanced marketplace (AirBNB)

AirBnB growth curve from AirBnB with code(love)

AirBnB growth curve from AirBnB with code(love)

4) Aggregate information across several networks (Hootsuite)

Hootsuite with code(love)

Hootsuite with code(love)

5) Create a software solution to a very specific enterprise pain point, helping automate the process (Zendesk)

Zendesk with Arcaris

Zendesk with Arcaris

6) Empower individual consumers to do something magical with a great interface (WordPress)

Wordpress with code(love)

WordPress with code(love)

7) Facilitate a lucrative yet “unsexy” industry (Alibaba)

Alibaba with code(love) from Alibaba

Alibaba with code(love) from Alibaba

Life Hacking

The key to success: build simply.

When I first built, the first thing that came to mind were the complex machinations of my vision all coming together at once. I saw the intricacies of everything I ever imagined come alive: and it was wonderful.

Wonderfully flawed.

If I were to go back to those neophyte days, the first thing I would’ve told myself would be to build simply.

You don’t need a grand platform to test out your basic business idea. You don’t need a full-service platform that helps your user from A to Z to start helping them out at A.  In fact, the reason why startups in the digital age have succeeded so often is because they will choose the path of least resistance to test their ideas. Way before Netflix became an online behemoth, Reed Hastings was mailing people video cassettes to prove that people did want to rent videos on a monthly-fee basis.

facebook2004

This is what Facebook looked like at the beginning.

This is the basis of the lean philosophy that defines the startup movement: minimalize waste between point A and point B.

Had I known this, I would’ve saved a lot of time and money on my first failed startup. I think it’s a great philosophy to have beyond just startups: keep things simple for yourself and others. Build something out the easiest way possible, so you can learn, and experiment quicker.

A lot of people have commented on the fact that this blog is run on the default WordPress theme, and urged me to change it. I have adamantly refused to do so. I am using this as a platform to learn about how to display content, people are reading the content, and people are signing up to the mailing list. It is a perfectly functional platform that serves a very simple purpose, and serves it well. Why fix what isn’t broken?

You don’t win bonus points for building the most complex system, or for using more words when less would have sufficed. You win when you build something simple, iterate on top of it, and watch as your learning turns your idea from something in your head, to something used by millions.

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Meaningful Multimedia

Build innovation on the shoulders of giants.

Build Innovation with code(love)

Build Innovation with code(love)—image from the Houston Chronicle.

If I have seen further it is by standing on the shoulders of giants. – Issac Newton

The basis of the PageRank algorithm, the billion-dollar plus bit of mathematics that powers much of Google’s business was developed at Stanford University in 1996 by Google co-founders Sergey Brin and Larry Page, but the roots of it came much earlier. Some have argued that it was Gabriel Pinski and Francis Narin who first formalized how to go about analyzing the quality of links—in 1976.

They were able to define a set of metrics for ranking the influence of science journals—which was very handy for a mathematical solution for how to rank the influence of individual websites.

Perhaps it is this that led Francis Narin to publish a paper where he noted that 73% of papers cited by US industry patents were based on public research.

The above photo is a highlight of how the iPod was built on public research.  It may be the ideal framework to build innovation.

The best models for creating new world-changing disruption may come from collaboration, and not competition.

It leads one to believe that to build innovation, one must stand on the shoulders of giants. It also leads one to believe that there should always be public support for those research giants, and that the best models for creating new world-changing disruption may come from collaboration, and not competition.