The Venture 2020 season recap: Building and scaling new businesses
8 snips
Dec 14, 2020 Dive into the essentials of building and scaling businesses with frameworks focusing on breakout strategies and localizing innovation, particularly in Southeast Asia. Explore the balancing act between profitability and growth, emphasizing sustainable practices over just funded expansion. Uncover how team dynamics and collaboration are crucial for success, illustrated by a case study involving Astra and GoJek. Finally, learn about value capture stages in unicorn startups and the importance of preparing for future market disruptions.
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Adapting Proven Models
- Don't overthink business building; find proven models and adapt them to your market.
- Execute quickly and adjust based on local needs, leveraging your unique advantages.
Portfolio Approach to Business Building
- Incumbents should adopt a portfolio approach to business building for increased success rates.
- Focusing on a single MVP for years can hinder progress and delay significant liftoff.
Design's Crucial Role
- Design is crucial for business building, enabling empathy with customer needs.
- Translating customer signals into features is key, but widespread adoption remains a challenge.