Comments on: The Superbowl Example of "Stay Ready" http://startuplawyer.com/startup-issues/the-superbowl-example-of-stay-ready Startup Law, Incorporation, Convertible Notes, Preferred Stock, Stock Options, Venture Capital Sun, 22 Jan 2012 19:35:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Bradberry http://startuplawyer.com/startup-issues/the-superbowl-example-of-stay-ready#comment-328 John Bradberry Thu, 12 Mar 2009 12:30:36 +0000 http://www.thestartuplawyer.com/?p=901#comment-328 This is fantastic advice for founders in all industries. It brings to mind a great article by Donald Sull in Harvard Business Review called "Strategy As Active Waiting," (Sept. 2005--easy to access at HBR Online) in which he describes the inverse relationship between the frequency of opportunities and their size. That is--the biggest opportunities are very rare indeed (while tiny, everyday opportunities appear, well, every day). So successful founders prepare themselves to seize advantage when the big opportunities do come, and they know how to stay in touch with the marketplace to spot the whoppers as they emerge. I think the key is being clear about what you want, continually honing the skills/knowledge relevant to that goal, and immersing yourself in the networks/markets that will lead you to it. This is fantastic advice for founders in all industries. It brings to mind a great article by Donald Sull in Harvard Business Review called "Strategy As Active Waiting," (Sept. 2005–easy to access at HBR Online) in which he describes the inverse relationship between the frequency of opportunities and their size. That is–the biggest opportunities are very rare indeed (while tiny, everyday opportunities appear, well, every day). So successful founders prepare themselves to seize advantage when the big opportunities do come, and they know how to stay in touch with the marketplace to spot the whoppers as they emerge.

I think the key is being clear about what you want, continually honing the skills/knowledge relevant to that goal, and immersing yourself in the networks/markets that will lead you to it.

]]> By: John Bradberry http://startuplawyer.com/startup-issues/the-superbowl-example-of-stay-ready#comment-2695 John Bradberry Thu, 12 Mar 2009 12:30:00 +0000 http://www.thestartuplawyer.com/?p=901#comment-2695 This is fantastic advice for founders in all industries. It brings to mind a great article by Donald Sull in Harvard Business Review called "Strategy As Active Waiting," (Sept. 2005--easy to access at HBR Online) in which he describes the inverse relationship between the frequency of opportunities and their size. That is--the biggest opportunities are very rare indeed (while tiny, everyday opportunities appear, well, every day). So successful founders prepare themselves to seize advantage when the big opportunities do come, and they know how to stay in touch with the marketplace to spot the whoppers as they emerge. I think the key is being clear about what you want, continually honing the skills/knowledge relevant to that goal, and immersing yourself in the networks/markets that will lead you to it. This is fantastic advice for founders in all industries. It brings to mind a great article by Donald Sull in Harvard Business Review called "Strategy As Active Waiting," (Sept. 2005–easy to access at HBR Online) in which he describes the inverse relationship between the frequency of opportunities and their size. That is–the biggest opportunities are very rare indeed (while tiny, everyday opportunities appear, well, every day). So successful founders prepare themselves to seize advantage when the big opportunities do come, and they know how to stay in touch with the marketplace to spot the whoppers as they emerge.

I think the key is being clear about what you want, continually honing the skills/knowledge relevant to that goal, and immersing yourself in the networks/markets that will lead you to it.

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