Re:General Magic is a film about the ‘90s startup that imagi...
by jamesrcole on Monday April 23, 2018 @01:14AM
(#16900691)
> Great ideas plus poor execution are a deadweight loss on humanity.
That's overstating it. In general, the failed attempt helps propagate the good idea, and helps that idea find a better execution in the future, as well as being a cautionary tale.
Re:General Magic is a film about the ‘90s startup that imagi...
by j45 on Monday April 23, 2018 @01:44AM
(#16900788)
I call this knowing if you're working on the 3rd or 4th wave of innovation in a space, or not.
Executing the right amount of your innovation for the corresponding wave of technology that the market is ready to uptake is critical. Or you'll be too far ahead, or not ahead enough.
Otherwise, the market usually waits for the 3rd or 4th generation of iPhone, Samsung Galaxy Note, Nexus, Apple Watch, iPad, etc before they become widely usable.
Let me repeat that: Great technology is not a product!
Founders would do well to remember. If you fail to find product-market fit, if you're thinking too far ahead, or if your product has too many compromises: you can invent ground-breaking technology that completely revolutionizes the industry then promptly file for bankruptcy and walk away with nothing.
Again let me repeat that: You can invent ground-breaking technology, be 100% correct about the future, and be 5-10 years ahead of everyone else... then watch your dreams go up in smoke as you walk away with zero dollars and without even a wikipedia blurb mentioning your accomplishments.
Great ideas without execution are worthless.
Great ideas plus poor execution are a deadweight loss on humanity.