OpenView Blog

Sign-up for our Free Weekly Newsletter to get the best news ideas for building technology companies

Sign-up for our Free Weekly Newsletter to get the best news ideas for building technology companies

I was just catching up on my friend, Brad Feld’s, blog and his post of this Michael Jordan Video caught my attention.

One of the points that I make over and over and over is that our culture is stuck with the notion that we must plan and then act and, if there is a failure, then it was either a failure in planning or execution. Most situations and all new situations are unpredictable, so the best approach is to get to a quick implementation, identify the issues and opportunities, and then iterate again. Follow this iterative approach a few times, and you will eventually find almost all the issues and be able to perform at the best level possible. I call this success, but you could also call it failing multiple times. Take a look at the video, it is short and to the point…

Expansion stage companies executing business growth strategies have initiatives that fall mostly into the “hard to predict” category, so try the iterative approach and try to fail more…then congratulate yourselves on your success in failing!

Scott Maxwell founded OpenView Venture Partners in 2006 and has worked in venture capital for over 13 years.