Friday, April 9, 2010

Building to flip vs. building to last [VentureBeat]

WASHINGTON - MAY 08:  Chairman and CEO of Revo...Image by Getty Images via Daylife
I just read Building to flip vs. building to last on VentureBeat.

The post is essentially a video of Steve Case, former CEO of AOL and an entrepreneur himself, saying he doesn’t think entrepreneurs are taking a lot of risk. He maintains the people building today’s startups are building to flip their companies, rather than building them to last and change the world.

I don't think that's true. My contention is there are a lot more ideas out there that are flippable but not lasting or world changing.

Most businesses, especially in the tech industry, are built around features that can supplement the enduring businesses out there.

Writely flipped, but they helped complete a larger strategy for Google.

Is that a bad thing?

I don't think so.

I don't think entrepreneurs are more greedy today then they were in the past. It's becoming easier and easier to start a company, and that's a good thing.

But it also means there will be a lower ratio of world beaters.

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