One of the biggest fear of an early stage startup founder is that his or her ideas will be stolen and competitive advantage would be lost. I must say that in earlier ventures of mine, I was thinking in a very similar way. I would wait until everything was absolutely perfect, and then announce my creation to the world – often with little or no reaction. It is probably the most soul crushing experience you can imagine when nobody cares about what you do. I am sure there are founders that had hit “first day” experiences, although I suspect that there are not that many of them.
Now clearly good ideas (when actually implemented) have a big potential value, and giving away the secret sauce away immediately is not a fantastic idea either. I am assuming here that there is actually real intellectual property to be defended, and not just something that be built with minimal effort. In the case of software products that can be create and launched quickly (e.g. don’t have a lot of intellectual property to back the venture), there is no reason not to throw it out there, see what sticks, and iterate as fast as you can – you are essentially competing against other first movers, and the one that gets the most reaction and early traction ends up the market place leader.
I am trying something in the middle ground between stealth and totally transparent with my latest venture. I speak openly about what I am trying to accomplish, show off some of the ideas I had and the prototypes I built, and have people play with the software that is “one innovation generation back”. Since Flashback does not have a large number of users yet, I can afford to experiment and see where the conversation is leading me.
I have the attitude that for every action there should be some sort of reaction. If there is little or no reaction, I am probably doing something wrong. It goes beyond just web site analytics, to most things I am doing, even the very small stuff. The following things are extremely trivial examples, but you get the idea.
For example, I recently attended an appropriate event (a talk about visual communication in science), where I approached a small number of folks and talked to them what I am doing, stuffing a business card in their hands. Of course, I often got cards in return, although I did not proactively contact them right away. I simply waited to see if anyone would reach out to me, and guess what, some did! It is a small reaction that tells me I am doing something right. Most people won’t spent a minute to reach out if I can’t get my story straight in the first place. If you were part of this experiment, please contact me :)
Another example is talking to other bloggers; if your story does not get picked up, then probably I am doing something wrong. I got a flattering response when I tried it, and now many more people know what I am trying to accomplish. I probably got lucky this time, but I was very happy to get a reaction.
A last example is using your social network to your advantage. Since I am pretty active on LinkedIn nowadays, I get a lot of folks that I know come by my web site to see what I am up to. It is a small thing to add someone to your network, and then see them come by to check you out. But hopefully the little positive reaction could lead to something much bigger down the line by an appropriate mention to a friend. The same of course for whatever I am blogging about.
I have some more example of small reactions I got with my action-oriented approach, but you should get the drift by now. I am not sure where this “for every action, a reaction” approach will lead, but I do hope it will lead me in the right direction.
And maybe one day, a small action will lead to a big reaction.
Now clearly good ideas (when actually implemented) have a big potential value, and giving away the secret sauce away immediately is not a fantastic idea either. I am assuming here that there is actually real intellectual property to be defended, and not just something that be built with minimal effort. In the case of software products that can be create and launched quickly (e.g. don’t have a lot of intellectual property to back the venture), there is no reason not to throw it out there, see what sticks, and iterate as fast as you can – you are essentially competing against other first movers, and the one that gets the most reaction and early traction ends up the market place leader.
I am trying something in the middle ground between stealth and totally transparent with my latest venture. I speak openly about what I am trying to accomplish, show off some of the ideas I had and the prototypes I built, and have people play with the software that is “one innovation generation back”. Since Flashback does not have a large number of users yet, I can afford to experiment and see where the conversation is leading me.
I have the attitude that for every action there should be some sort of reaction. If there is little or no reaction, I am probably doing something wrong. It goes beyond just web site analytics, to most things I am doing, even the very small stuff. The following things are extremely trivial examples, but you get the idea.
For example, I recently attended an appropriate event (a talk about visual communication in science), where I approached a small number of folks and talked to them what I am doing, stuffing a business card in their hands. Of course, I often got cards in return, although I did not proactively contact them right away. I simply waited to see if anyone would reach out to me, and guess what, some did! It is a small reaction that tells me I am doing something right. Most people won’t spent a minute to reach out if I can’t get my story straight in the first place. If you were part of this experiment, please contact me :)
Another example is talking to other bloggers; if your story does not get picked up, then probably I am doing something wrong. I got a flattering response when I tried it, and now many more people know what I am trying to accomplish. I probably got lucky this time, but I was very happy to get a reaction.
A last example is using your social network to your advantage. Since I am pretty active on LinkedIn nowadays, I get a lot of folks that I know come by my web site to see what I am up to. It is a small thing to add someone to your network, and then see them come by to check you out. But hopefully the little positive reaction could lead to something much bigger down the line by an appropriate mention to a friend. The same of course for whatever I am blogging about.
I have some more example of small reactions I got with my action-oriented approach, but you should get the drift by now. I am not sure where this “for every action, a reaction” approach will lead, but I do hope it will lead me in the right direction.
And maybe one day, a small action will lead to a big reaction.