4 types of scale – Venture Hacks
- People. Hire people to help you. This will be your first instinct but it should really be your last resort.
- Product. Build product to do the work for you. Every single product in the world is a type of scale. Facebook has taken this to the extreme through automation.
- Capital. This is what VCs do. They raise billions of dollars, invest it, let their CEOs manage it, and hopefully profit.
- Community. This isn’t a recent innovation but it might seem that way. Communities have been banding together for a long time to form countries, topple dictators, knit, save the environment and so on. But now they’re forming quicker than ever and building products like Wikipedia.
I enjoyed this post on Venture Hacks today. It actually reminded me a lot of a post I did a few years ago on the inputs of entrepreneurship.