A speaker tells the Bolt startup community that your biggest competitor isn't other companies, it's yourself. Poor decisions, cash burn, and missing payroll kill startups faster than any rival. Focus inward, test wisely, and spend carefully on product.
So when you kind of lay Bolt out there in the world of startups, you could think about what exists with similar materials. You've got your natural materials, your synthetic, and as we think about it, the bioengineered. And we're not the only ones who thought of this idea of using biology to engineer materials. In fact, if you go start Googling around, you'll kick up companies like these ones and you'll say, oh, they're your competition. You could, like, fight them and block them with IP and like all these other things. And they've got, like, pretty pictures kind of like ours. And like, maybe this is a. This is, this is all our stuff over here, but maybe this is a problem, right? The reality is most startups don't die because you have competitors. Like, we're all a bunch of startups who are burning cash and trying to, like, figure it out. The biggest competitor is ourselves. The most likely chance a startup fails, in my opinion, is the team makes bad decisions and runs out of money and can't make payroll. And so that's like the most obvious thing, but everyone forgets it. So I often advise everyone at Bolt look internal, not external, for where the worst competition is and make sure that we're testing the right things and being prudent with our path forward so that we can make our product and our technology real.
O processo de reconhecer limites, mesmo quando a vida parece exigir sempre mais.
Depois de tantas histórias, aprendizados e pausas necessárias, o @interior_iza está de volta
