Innovation is hard because solving problems people didn’t know they had & building something no one needs look identical at first.
AARON LEVIEThe IT model of the enterprise has become a lot more user lead.
More Aaron Levie Quotes
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Companies have never won. You’re always either fighting for survival, or fighting for relevance.
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The only barrier to entry you can create is to consistently build a great product.
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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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We’re going from a world of customized software to standardized platforms.
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Do things that incumbents can’t or won’t do because it’s economically or technically infeasible.
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I think bad politics are incredibly dangerous, so it’s important to make sure that people are communicating well. Culture and morale are super important. It’s best to not force it, but let it happen organically and genuinely.
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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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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.
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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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I think I’m the kind of person who would be very difficult to employ – I’m pretty annoying, but driven.
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Listen to your customers, but don’t always build exactly what they’re telling you. This is a really key distinction around building enterprise software.
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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.
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Focus too much on the near-term and you won’t get tomorrow’s customers, focus too much on the long-term and you won’t get today’s.
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You’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.
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We’re enamored with the concept that there’s always a price. But sometimes, your goal is to build a great company, not sell it.
AARON LEVIE