26th
This is a great post from my new friend down under, Rand Leeb-du Toit from Metarand. They had Jason Calacanis down their for a Innovation Dinner. As Rand wrote:
“his same passion comes through in his recent post about getting into the game. It’s easy to sit back and be an entrepreneurial spectator, but taking that initial kernel of an idea and championing it takes guts.
It doesn’t really matter if your idea sucks, there is a very high probability it will morph along the way. Jason points to how his businesses all shifted focus. The web is full of examples - photo sharing site Flickr, for example, started life out as a virtual world.
The key thing and what we’ll call the Calacanis Rule is:
If you don’t start, you can’t iterate.”
I just love that last line and have always lived by it. My feeling is always that if you are going to do something plant a flag and get into the game, you will be then be able to modify the business plan with live “real” information versus stale hypothesis on bullshit research.