Dealmaker Media

Startup Tip: Stop Innovating. Start copying.

Posted July 24, 2009 by Jasmine Antonick

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Tuck your ego, aside, guys. Success doesn’t mean being first – it means being better and being relevant.
Skipping the “slow and steady wins the race” lecture, it’s important for startups today to remember that a successful entrepreneur is one if sees a need and fills it.

Yesterday, on a call with a prominent Silicon Valley investor I was reminded about the importance of doing things better, rather than doing things first. “I invest in companies who’ve done the due diligence to find a growing market and offer them a better solution than they currently have by identifying gaps in competitors’ offerings then rolling up their sleeves to become the King of that space.”

It reminds me of one of Neil Patel’s blog posts: How to Become a Better Entrepreneur in the Next 30 Minutes. Point #2 is Stop Innovating, Start Copying.



natasha

July 24th, 2009

Thanks for this article. When I started – my concepts and apps. were cutting edge but, due to lack of funds – others were able to publish faster – so, I’ve decided to change my business plan and not copy…but, let’s say create an experience with unique twist. Now, my new product is launching in September and I’m hoping to score angel investors!

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