Apparently Elon Musk uses, “Look to the past,” as a North Star.
By this, he means look at how existing technologies can be redeployed.
[This article is part of the Innovation Snippets series]
Retention
The keys to user retention in a consumer product are:
- A difficulty level which puts the user right on the edge of failure.
- Some tangible reward in at least one of the major product dimensions.
[This article is part of the Innovation Snippets series]
Making a product
A product has graspability. It has defined features.
Make decisions. Annoy someone!
Don’t choose beige.
[This article is part of the Innovation Snippets series]
Founder vs early-stage employee
These are very different roles.
Some people who want to be founders would make much better early-stage employees. They could enjoy the relative freedom and ability to have impact without the leadership responsibility.
A founder finds their own path.
[This article is part of the Innovation Snippets series]
Should I do an entrepreneurship program?
I get asked this with disturbing frequency.
If you think you need one then you are probably not an founder. You are looking for hand-holding.
Conversely, if you think that you don’t need such a program, then you probably would benefit enormously from it.
[This article is part of the Innovation Snippets series]
Saving time
The greatest product innovations are speed innovations.
People will pay to save time.
[This article is part of the Innovation Snippets series]
Poor choices
Some people consistently make poor choices. Making decisions is a skill. We are not just victims of circumstance. Learn to make good decisions. Make decisions decisively. Move on – operate your decision. Monitor your progress over time. Don’t let the learning process hamstring your ability to move forwards.
[This article is part of the Innovation Snippets series]
Choose a path
Professionals choose a path and make demonstrable progress along it.
There is no punishment for choosing the wrong path if you can at least justify your progress.
Investors will ask, “Why this path?”
Can you give simple, coherent answers as to why you rejected the alternatives?
[This article is part of the Innovation Snippets series]
MLops as a Service
Lowers the cost of bringing ML products to market, thus lowering the threshold of returns considered to be high-value.
[This article is part of the Innovation Snippets series]
ML as a product
ML as a product needs to be either
- Scalable, or
- High-value
Finding a scalable opportunity from zero is hard work. Start with a high-value niche!
[This article is part of the Innovation Snippets series]