There’s a lot of pride that business owners have. It’s actually really critical that pride and ownership extends to everyone in the organization. I think of everyone is in the same boat in driving the company forward.
AARON LEVIEYou can look at the cost structure of an incumbent company and discover: where are they not going to be able to drop their prices… because that business model is fundamental to the existence of the company.
More Aaron Levie Quotes
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Better to be too early and have to try again, than be too late and have to catch up.
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You intentionally start small, because you will not be able to compete with an incumbent… because the incumbent is always going to go for the full solution.
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A lot of being productive personally is determined by how you organize your entire business. You can’t separate those two things.
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Always look for these changing technology factors- any market that has a significant change in the underlying raw materials …or enabling factors, is an environment that is about to change in a very significant way.
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We’re going from a world of customized software to standardized platforms.
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Look for new enabling technologies that create a wide gap between how things have been done and how they can be done.
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Start with the assumption that the best way to do something is not the way it’s being done right now.
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The only way to avoid disruption is to constantly do what you would if you were just starting out.
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Startups live at the intersection of existential crisis and everything going perfectly great.
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Modularize, don’t customize. Build a platform as opposed to building all of the custom technology and custom vertical experiences.
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What happens to the Microsofts, Oracles and IBMs of the world is that when they get big enough, they don’t think they need to bring that same level of focus and energy to the end-user experience.
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Go after the customers that are working in the future, but haven’t totally lost their minds.
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The benefit to building a startup is that customers don’t have the same kind of friction when they adopt new technology.
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Your product should sell itself, but that does not mean you don’t need salespeople.
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Better to be right about the trend and wrong about the implementation, than the other way around.
AARON LEVIE