Guy went on to say that if you have jumped curves, then "Don't worry, be crappy" - it's ok to be a bit crappy in this case.
The example he gave was the Apple laser printer as a revolution over the daisy printer. It was expensive, had a slow network interface and only printed 8x11. But that was ok because it had jumped a curve over the previous products, hence it was shipped.
One other example I can think of is the original iPhone - it wasn't perfect, but 3 years ahead of the competition when it shipped.
This was actually only the opening for Silicon Valley Bank CEO Summit: Defining Moments. All the other speakers were fantastic so figured I'd post links to their presentations as well. This was an all day event, but extremely educational.
Panel Discussion: The Convergence of Technology and Hollywood
MJ Eng, Founder and President, ShoeDazzle Jeremy Liew, Managing Director, Lightspeed Venture Partners Moderated by Lizette Chapman, The Wall Street Journal - http://video.svb.com/video/Panel-Discussion-The-Convergenc
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[ 3.2 ms ] story [ 28.5 ms ] threadHe finishes the 12 points by 28 minutes, the rest is Q&A (still good).
12 points:
1. Experts are clueless
2. Customers cannot tell you what they need
3. Biggest challenges beget the best work
4. Design counts
5. Big graphics, big fonts
6. Jump curves, not better sameness
7. "Work" or "doesn't work" is all that matters
8. "Value" is different than "price"
9. A players higher A players
10. Real CEOs demo
11. Real entrepreneurs ship
12. Some things need to be believed to be seen.
Guy went on to say that if you have jumped curves, then "Don't worry, be crappy" - it's ok to be a bit crappy in this case.
The example he gave was the Apple laser printer as a revolution over the daisy printer. It was expensive, had a slow network interface and only printed 8x11. But that was ok because it had jumped a curve over the previous products, hence it was shipped.
One other example I can think of is the original iPhone - it wasn't perfect, but 3 years ahead of the competition when it shipped.
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Avery Lyford (Partner, Blueprint Growth Partners): "Big Brother" Alliances for the Win - http://video.svb.com/video/Big-Brother-Alliances-for-the-W
Brian Wong (Founder and CEO, kiip): Moments-Based Marketing - http://video.svb.com/video/Moments-Based-Marketing
Bob Wiederhold (Founder and CEO, Couchbase): Being Part of the Venture Ecosystem - http://video.svb.com/video/Being-Part-of-the-Venture-Ecosy
Sunil Nagaraj (Bessemer Venture Partners): Customer Discovery - http://video.svb.com/video/Customer-Discovery
Panel Discussion: The Convergence of Technology and Hollywood MJ Eng, Founder and President, ShoeDazzle Jeremy Liew, Managing Director, Lightspeed Venture Partners Moderated by Lizette Chapman, The Wall Street Journal - http://video.svb.com/video/Panel-Discussion-The-Convergenc
Eric Ries (Entrepreneur, Author): The Lean Startup - http://video.svb.com/video/The-Lean-Startup
Ron Gutman (Founder and CEO, HealthTap): The Hidden Power of the Smile - http://video.svb.com/video/The-Hidden-Power-of-the-Smile
Duncan Logan (CEO, RocketSpace): When to Pivot - http://video.svb.com/video/When-to-Pivot
Leslie Bradshaw (COO and Co-Founder, JESS3): Disruptive Marketing - http://video.svb.com/video/Leslie-Bradshaw-Disruptive-Mark
Q&A with Gary Kremen - CEO of Sociogramics, Founder of Match.Com, Founder of Clean Power Finance - http://video.svb.com/video/Clean-Tech
Peter Byck (Founder and CEO Winery Exchange): Continuous Entrepreneurship - http://video.svb.com/video/Peter-Byck-Continuous-Entrepren
Linda Jackson (Founder and President, Team TIBCO): Defining Moments - http://video.svb.com/video/Linda-Jackson-Defining-Moments
Greg Becker (President and CEO, of SVB Financial Group): Closing Remarks - http://video.svb.com/video/Closing-Remarks