You 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.
AARON LEVIEYou’ll learn more in a day talking to customers than a week of brainstorming, a month of watching competitors, or a year of market research.
More Aaron Levie Quotes
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In an IT lead world, incumbents generally win because they have the existing relationship with the IT organization.
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If every customer is using your product “correctly”, you’ll never learn anything interesting about what to do next.
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We’re going from a world of customized software to standardized platforms.
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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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Too little process and you can’t get good work done. Too much process and you can’t get any work done. Most companies never find the middle.
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Entrepreneurship: 10% coach, 20% player, 30% cheerleader, 40% waterboy.
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You can keep ‘consumer’ DNA at the center of your product. That will always mean that adoption is easier.
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Sometimes things are the way they are and can’t be changed, other times it’s because no one ever tried. Your job is to find the latter.
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The best technology is aimed far enough in the future that it stands out, but close enough to the present that it blends in.
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I’m certainly not into money and prestige. For me there is simply nothing more exciting than people involved in the creation of great products. That is what drives me.
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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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Every single industry is going through a major business model and technology oriented disruption.
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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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Your product should sell itself, but that does not mean you don’t need salespeople.
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The only barrier to entry you can create is to consistently build a great product.
AARON LEVIE