John Vrionis, who blogs at LightSpeed Ventures elaborates on the topic that which amongst the two is more important, Market or Team?
There’s no doubt that great markets facilitate the building of great companies. But as we saw during the bubble, great markets can facilitate the development of some not-so-great companies as well…..Many of the greatest [companies] started with either no great idea or even failed ideas. Sony started with a failed rice cooker. Marriott started as a single root beer stand. Bill Hewlett and Dave Packard’s great idea was simply to work together - two best friends who trusted each other - while their first four product failed to get the company out of the garage.
Read the complete article here.
If John keeps coming showing off his brilliance like this, we wouldn’t need too many blogs on entrepreneurship, would we?
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