Being First, The Economy Doesn’t Matter, and The Origin of TechStars
I’ve got three great posts for you this morning to interrupt the long essays that my marathon addled brain has been pumping out.
First Mover vs Fast Follower – Who wins? Don Dodge reprints a story he wrote three years ago about whether being first wins or being a fast follower wins. He adds some useful nuances for any entrepreneur (or VC) that is obsessed with the "we have to be first to market to win", "#1 takes most of the market, #2 takes the rest, and #3 to #n don’t matter", and other such cliches.
The Downturn Is a Rounding Error: Since I’m not a macro guy, I didn’t notice we were having an economic downtown. I guess I noticed that the price of gas was higher, but as Amy is fond of saying, "don’t bother me about it until a gallon of gas costs more than a gallon of milk." Oops – getting close (I think Amy meant "organic milk.") Plus, our government is telling us that there is no "core inflation" (where "core inflation" doesn’t include fuel or food.) Tom Peters helps us understand what he thinks really matters.
You gotta start somewhere: David Cohen posts an email to his business partner David Brown dated 2/08/06 that was the origin of TechStars. I checked my calendar and the first time I met David was at 4pm on 6/06/06. I find history to be fascinating.