Fred Wilson has a great post up that every entrepreneur needs to read and think about. It got me thinking for sure.
I wish having vision, passion and domain experience were enough. Nobody foresaw this last 15 years of technology change, which this cartoon captures in the most classic way.
I think success is more about appetite, attitude and flexibility.
If you are intense and patient and crazy enough to have a BIG appetite, you better be thinking of investors, family, friends and VC’s that understand your passion, craziness and industry vision. You better be willing to change course and you better be able to be smacked in the head…a lot.
When I started Stocktwits the idea was to build a financial idea network. In total I raised $60,000 just to flesh things out. We would start out by tagging stock ticker messages with $ and organizing them. Along the way, we have plumbed the idea network (the Stocktwits streams) far and wide. The ideas come at people in real-time and offer context.
I was not thinking about the ‘Technical Architecture‘ that Soren, Chris and Dustin would build and scale. I was not thinking of Twitter outages.
I was not thinking about how the ‘Investor Relations‘ departments at public companies could use it to disseminate earnings and other financial reporting.
I was not thinking about FINRA, archiving, compliance, API’s, the iPad, the competition, Droid and moving to Coronado.
Today, all I think about is how did anyone come up with such a dumb term as ‘Investor Relations’ for such an important part of the American economy.
Today at Stocktwits we look our 90-120 days with a pretty detailed roadmap. David Putnam has been teaching us a lot about process and timelines. But, David Putnam was not someone I knew when I started Stocktwits. I met him while pitching Stocktwits to Yahoo Finance. I can’t imagine going out further than 120 days because of pesky issues like revenue, financing, personnel, technology, competition…
It is hard to imagine being stuck in a Company big enough that has to have a detailed 12-18 month roadmap.
Today I just want to build a Company that allows me to have 20 (in a row), 90 day roadmaps with the freedom and flexibility to dream about 3-5 year plans.
If you want to do this too, start a Company. If not, find an entrepreneur that does and make it so that they want and need you.