In an IT lead world, incumbents generally win because they have the existing relationship with the IT organization.
AARON LEVIEYou can keep ‘consumer’ DNA at the center of your product. That will always mean that adoption is easier.
More Aaron Levie Quotes
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In the enterprise you want to start intentionally small.
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Execute like there’s no tomorrow, strategize like there will be.
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Innovation is hard because solving problems people didn’t know they had & building something no one needs look identical at first.
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Your product should sell itself, but that does not mean you don’t need salespeople.
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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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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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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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Tip: Take the stodgiest, oldest, slowest moving industry you can find. And build amazing software for it.
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We’re going from a world of customized software to standardized platforms.
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If there could’ve ever been a magical time to build an enterprise software company, now is absolutely that time.
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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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If you don’t go to every level of your company, you distance yourself from the marketplace and from your people.
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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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When you’re doing something you’re passionate about, stress becomes a featurenot a bug.
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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.
AARON LEVIE