Dharmesh Shah shares a formula from a $30 billion company co-founder: pair a bold long-term vision with frequent iterations and tight feedback loops. The big dream gives direction. Small, data-driven improvements compound over time to dramatically raise quality.
We asked the co-founder of a $30 billion company, where does business success come from? Here's how I think about it. The outcome is a combination of dreaming really big and iterating really small and having tight feedback loops. So the dream really big is you have to have something that can someday translate. You have to kind of have— start with something relatively big in mind, at least at some level. But then it really comes down to the iteration, right? Others have demonstrated this through data, is that the quality of the output is frequently a function of the number of iterations. Now, the key to that, it has to be Meaningful iteration. If you have a tight feedback loop, that is amazingly, like, powerful to be able to do that and compound it over time.
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