A her\u00adculean effort is required for a young com\u00adpany to break into an estab\u00adlished mar\u00adket with a new product\/service\/solution or to estab\u00adlish a new mar\u00adket alto\u00adgether (per\u00adhaps even tougher). Thus, the rewards for those extreme efforts must be immense, and the rewards are only immense for truly win\u00adning<\/b>.<\/p>\n
In our view, play\u00ading to win requires hav\u00ading a win\u00adning vision, tak\u00ading risks to real\u00adize that vision, and being hon\u00adest enough to know when the path and\/or vision needs to be modified.<\/p>\n
First, hav\u00ading a win\u00adning vision<\/strong> means ensur\u00ading that the company\u2019s goal is one that is com\u00adpelling and lucra\u00adtive enough to pur\u00adsue with full com\u00admit\u00adment. Hav\u00ading a worth\u00adwhile and inspir\u00ading \u201crai\u00adson d\u2019\u00eatre\u201d gives a com\u00adpany count\u00adless advan\u00adtages: tal\u00adented employ\u00adees want\u00ading to join, investors see\u00ading what is pos\u00adsi\u00adble, and part\u00adners being moti\u00advated to work together on excel\u00adlent terms, to name just a few essen\u00adtial ones.<\/p>\n We have rarely seen big \u201cwins\u201d when founders sim\u00adply are engrossed in their tech\u00adnol\u00adogy with\u00adout an inspir\u00ading vision of how the tech\u00adnol\u00adogy can cre\u00adate mas\u00adsive pos\u00adi\u00adtive change in the world.<\/p>\n Sec\u00adondly, play\u00ading to win requires both founders and ven\u00adture investors mak\u00ading a true com\u00admit\u00adment<\/strong> to tak\u00ading the risks that are nec\u00ades\u00adsary to pro\u00advide a chance to win. Although this con\u00adcept might sound obvi\u00adous, it is often dif\u00adfi\u00adcult in prac\u00adtice, pre\u00addom\u00adi\u00adnantly because it often requires relin\u00adquish\u00ading con\u00adtrol. For exam\u00adple, this can mean invest\u00ading more cap\u00adi\u00adtal than orig\u00adi\u00adnally planned when an oppor\u00adtu\u00adnity is spot\u00adted, mak\u00ading a trans\u00adfor\u00adma\u00adtional addi\u00adtion to the team, engag\u00ading in a part\u00adner\u00adship, or the acqui\u00adsi\u00adtion of a com\u00adple\u00admen\u00adtary com\u00adpany. And it cer\u00adtainly means founders and ven\u00adture investors can\u00adnot sit back and wait for suc\u00adcess to come to them and can\u00adnot be con\u00adtented with minor con\u00adfir\u00adma\u00adtions that they are on the right path \u2013 they also have to find ways to sprint down that path.<\/p>\n Finally, while sprint\u00ading down this path, play\u00ading to win also requires per\u00adse\u00adver\u00adance to carry on and being bru\u00adtally self-hon\u00adest<\/strong> about whether or not one is still on the right path. Ulti\u00admately it is bet\u00adter to suf\u00adfer dis\u00adap\u00adpoint\u00ading set\u00adbacks on the road to vic\u00adtory than to expe\u00adri\u00adence pleas\u00ading \u201csuc\u00adcesses\u201d on a road to nowhere. Com\u00adpa\u00adnies and investors need to con\u00adtin\u00adu\u00adally eval\u00adu\u00adate if the nav\u00adi\u00adga\u00adtion sys\u00adtem is point\u00ading toward a win\u00adning des\u00adti\u00adna\u00adtion, and must be deci\u00adsive in piv\u00adot\u00ading (or pulling the plug) if the path is lead\u00ading to a less than desir\u00adable result.<\/p>\n Over the last years, we have expe\u00adri\u00adenced sig\u00adnif\u00adi\u00adcant wins here in Th\u00fcrin\u00adgen, and we and our Investee-Part\u00adners will con\u00adtinue to push our\u00adselves extremely hard to cre\u00adate win\u00adning visions<\/strong>, to take risks when oppor\u00adtu\u00adnity avails itself, and to not mis\u00adtake progress of any kind for progress towards winning.<\/p>\n Now, let\u2019s go out there and win together!<\/p>\n Your bm|t Team<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" A her\u00adculean effort is required for a young com\u00adpany to break into an estab\u00adlished mar\u00adket with a new product\/service\/solution or to estab\u00adlish a new mar\u00adket alto\u00adgether (per\u00adhaps even tougher). Thus, the rewards for those extreme efforts must be immense, and the rewards are only immense for truly win\u00adning. In our view, play\u00ading to win requires having [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":15567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[3,250],"tags":[253],"class_list":["post-15952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-3","category-insights","tag-insights-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=15952"}],"version-history":[{"count":0,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media\/15567"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=15952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=15952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=15952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}