waiting too long to release can lead to the ultimate waste: making something that nobody wants. - Eric Ries

Startups are different: too much budget is as harmful as too little — as countless dot-com failures can attest — and startups are extremely sensitive to midcourse budgetary changes.

established companies need to figure out how to accomplish what Scott Cook did in 1983, but on an industrial scale and with an established cohort of managers steeped in traditional management culture.

Platform Pivot A platform pivot refers to a change from an application to a platform or vice versa. Most commonly, startups that aspire to create a new platform begin life by selling a single application, the so-called killer app, for their platform. Only later does the platform emerge as a vehicle for third parties to leverage as a way to create their own related products.