Hey all, had to share this “A-Ha!” moment I had this week.
There’s a great little post over at Medium called The Myth of the Design Studio Turned Product Company in which Richard Banfield of Fresh Tilled Soil discusses how they tried to create product like a startup and failed.
At first I agreed with many of things he said and just shrugged it off as another, “oh well, startup life is hard” post. But then I saw the replies from Amy Hoy (here and here) and Allan Branch’s post over that away.
Then it hit me like a ton of bricks. This whole time we’ve been trying to spin off products like a startup at my company, when in actuality we’ve already been building our business correctly from the get go. You see, since we started our company 4 years ago, we’ve grown in revenue each year almost exactly at around 30% more than the previous year.
I’ve no issue in building a slow growth that can grow our company over time. So I guess what I’m now realizing is that I could give 2 craps about who got acquired for what amount of money anymore. I’m going back to focusing on building the business, not just the product (not that I ever really left).
Anyone else been distracted by the glitz and valuations of the startup world or am I just a sucker?