It’s better to change your vision than to lose your money
June 8th, 2006 7:02pmWould you rather be “right” or be successful?
Changing your mind about an investment - intellectual, emotional, or financial - is difficult.
Munjal Shah, founder and CEO of photo search company Riya, has been writing a series of posts narrating his experience over the past few months getting his startup off the ground. Highly recommended reading for entrepreneurs and others with an interest in startups, online web services and software applications.
In startups and other forms of investing, it’s common to have a vision or thesis guiding your decisions. Technology companies, and especially technology startups, tend to be big on vision, which can be helpful in achieving internal alignment and for building external awareness among potential customers and partners. It can give everyone a common sense of purpose or mission, and can sometimes take on a religious or political tone (i.e. Apple fanatics, the first Internet Boom, George Gilder’s Telecosm, or lately “Web 2.0″).





























