ENTR200 Lecture Notes - Lecture 7: Apple Music, Spotify, Netflix
Document Summary
Because when you are creating a venture you need to be ready to pivot (never goes as planned) ready, fire, aim. 2/3 of ceo"s from early stage companies restarted nearly 3x. 63 businesses, 60% were not the original idea. Failure is necessary, shows you how to find a better way: a plan b. Embark on a learning journey, not flawlessly execute your business model. Paypal allows you to pay peer-peer or pay online. Originally wanted to be a pay service between hand held devices. Online payment was a demo, customers really wanted it. Google originally tried to license there search technology to other search engines. Facebook used to be an exclusive social network for harvard people. Youtube used to be for just finding videos of your friend doing a flip or cute animals. Now its working with youtube creators who develop videos professionally. Netflix started as a dvd rental software that provides movies online.
