Getting to Plan B

Title: Getting to Plan B
Date: 2010-04-07
Speaker: Randy Komisar (KPCB)
Link: Entrepreneurial Thought Leaders
 
(Business) language is really important to translate your idea into a business.
It is important to have a plan. It is important because it allows you to tell your story well and carve out your assumptions and your risk.
Just because somebody can make a dog jump they think people want a jumping dog.
You can learn a lot, without spending a nickel, by watching what others have done.
Analogs are things that are similar that have worked in the past.
Antilogs are things that have failed in the past.
It is key to learn as much as you can from others before spending your own time and effort starting down the path.
Without iTunes (for the iPod) Apple would have had the same fate as Napster. They would have been sued into oblivion by the record labels.
The key things about leaps of faith is to understand the priority of leaps of faith.
Draw upon the experience of others.
Find people who are flexible.
Often times you’ll find that if the path changes enough then the team is no longer suitable.
You can change teams around by moving just a couple of players.
You’ve got to build a team that can compliment each other.
Innovation is equally distributed where there are smart people.
Innovation is part of the creative element we find in the human condition everywhere.
Entrepreneurship is a profession.
Plan A’s are often flawed.
There is no way you can innovate if you’re not going to allow people to fail more often than they succeed.
Customers are not paid to be visionaries.
We are now a web that is driven by people.
Attention is the scarce resource.