LevchinOnAgility

September 15, 2005
NerdTV #2 brings this choice quote from PayPal co-founder Max Levchin (this also qualified for “The Juicy Bit”):
I actually think that a successful startup is 5 percent good idea and 95 percent execution. It's really - it's just one of these things where can you strike the fear of God into your competitors by releasing every two weeks the features that it takes them three months to write. And by the time they're done copying the features that you built last week, you've got three more months on them. And this is really all about execution.

I mean, once you - in particular, once you've hit a stride where your users, when you have enough users or enough customers, maybe even paying customers, that are telling you what to do - they're telling you, here's what we want. If you can just take that and write it, it's like you're strapped to a rocket. And you're just - if you can go fast, no one will ever catch up. If you can't, if you cannot harness the energy that your users are bringing to you, it doesn't matter how good your ideas are. You can't do anything about it. And so I think those are the winners, and the losers are the guys who cannot figure out how to do it.

tags: ComputersAndTechnology
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