Startup Culture

Wild, Wild Horses

Silicon Valley has always showered so much money on the deserving and undeserving that it would be hard for any one of us to say which group we ourselves belonged to. But one crucial difference between this boom and the last is that the folks in the last boom had to ship or starve. Today, not shipping pays pretty well.

Redfin on TechCrunch: The Maximum, Beautiful Product

Happy New Year! On the last day of 2012, Redfin published The Maximum, Beautiful Product, a TechCrunch post questioning whether the lean startup’s relentlessly incremental approach to shipping the minimum viable product is likely to lead to big technology breakthroughs: If Steve Jobs had shipped the minimum viable iPhone, might we have concluded that people …

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Never Tell Me the Odds

In a board call last month, I finally told everyone that the commission savings that Redfin offers home sellers and home buyers dramatically lowers our profits margins and there is no evidence that it drives more revenue. We have, I told our investors, given away $100 million because of my irrational belief that Redfin was …

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