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The Need for Speed
The famous line “I feel the need, the need for speed” was spoken in a very cavalier and risk-oriented way in the movie Top Gun. However, for startups it is often the case that speed actually reduces risk and greatly increases the probability of ultimate success.
We recently viewed a video showing a car traveling at various speeds over a large pothole. At the slowest speed of 30km/h the car was severely jolted, damaged and nearly flipped on its side. At increasing speeds, the damage was actually reduced and at 120km/h the car sailed over the pothole with barely a noticeable shimmer. We recognized an important analogy to startups and their need to attain a certain speed to successfully traverse all the dangers than can befall a young company.
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