May
4th
Mon
2009

Many web applications that we know and love today are successful because they executed well.

• They rapidly iterated their product and design
• They knew the right verticals to attack first and what the best guerilla marketing strategy was
• They ultimately acquired customers cheaper, retained them longer and milked more dollars out of them

They didn’t win because their technology was necessarily superior, but because they out-executed the competition.”

Scott Shapiro, Momentum Venture Management

Comment by Jack: I agree with what Scott says here, execution is just as important (if not more important) than your technological edge.  This is relevant in almost any industry; one company may have the better product, but they can still lose due to flawed execution (think Betamax).

blog comments powered by Disqus