Business model innovation is how start-ups are able to outcompete established competitors who typically hold a host of advantages over any upstarts. - Reid Hoffman

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Business model innovation is how start-ups are able to outcompete established competitors who typically hold a host of advantages over any upstarts.

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Alternative Names: Reid Garrett Hoffman Reid G. Hoffman
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When you blitzscale, you deliberately make decisions and commit to them even though your confidence level is substantially lower than 100 percent. You accept the risk of making the wrong decision and willingly pay the cost of significant operating inefficiencies in exchange for the ability to move faster. These risks and costs are acceptable because the risk and cost of being too slow is even greater.

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