Dan Romero pfp
Dan Romero
@dwr.eth
Travel day—so AMA!
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Nat Emodi
@emodi
what commonly cited startup advice is overrated? underrated?
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Dan Romero pfp
Dan Romero
@dwr.eth
Overrated: - What’s the moat? - TAM (today) - founders optimizing for dilution Underrated: - Thiel, pmarca (esp. only thing that matters) and PG https://danromero.org/canon.html
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Gregor pfp
Gregor
@gregor
Read Peter Drucker’s “innovation and entrepreneurship”? Lays out a 7 sources framework for identifying opportunities for innovation that’s super useful, but no one ever talks about that book.
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Dan Romero pfp
Dan Romero
@dwr.eth
Haven’t read it, but generally skeptical of advice from people who haven’t built 0 to 1 technology businesses
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Gregor pfp
Gregor
@gregor
Totally. But atleast google the 7 sources of innovative opportunity. He makes a good argument that if ur product exploits at least 3 out of the 7, u have a solid chance of success. He’s a historian, they can be useful
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Dan Romero pfp
Dan Romero
@dwr.eth
Yeah not saying it’s not useful, but here’s a good example of an abstract framework I think is both useful yet doesn’t hold up to reality in important biz cases https://stratechery.com/2013/clayton-christensen-got-wrong/
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Gregor
@gregor
Welp, now I got something to read on the train. 😘
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