All innovation begins with vision. It’s what happens next that is critical.

If you can’t out iterate someone who is trying to copy you, you’re toast anyway.

Except in very narrow cases, where there's breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can't out iterate someone who is trying to copy you, you're toast anyway.

A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.

A Start Up is an institution designed to thrive in the soil of extreme uncertainty

The lesson of the MVP is that any additional work beyond what was required to start learning is waste, no matter how important it might have seemed at the time.

The way forward is to learn to see every startup in any industry as a grand experiment.