Building stuff does not make you a startup.
“But don’t we need to build stuff and iterate quickly?” I get asked a lot.
Well, sure. Once upon a time, when companies used the “old-school” waterfall model to develop products, pushing entrepreneurs to think in terms of building a minimum viable product as quickly as possible made sense. It substantially accelerated the development process. By narrowing the product scope to core features, you start the customer feedback loop quicker and you can more rapidly iterate based on that feedback.
But the pendulum has swung too far toward building stuff and…
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