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Need For Speed [Entrepreneurship
Posted on October 10, 2016 @ 02:08:00 PM by Paul Meagher

Are startups that execute quickly more successful than startups that execute slowly?

Dave McClure, of 500 Startups fame, has a slideshare titled Best Strategy Is Speed, in which he argues that speed is critical to success.

I found this particular slide illustrating the speed of execution of one startup, XFIRE, interesting:

Once the money was committed, this startup was ready to get things rolling quickly. There was obviously some planning that preceded the speed of this execution. When things weren't moving ahead investment-wise, they were still moving ahead in terms of getting things mapped out and ready for the money.

The main tautological argument for why speed is critical to economic success is that you can grow faster if you execute faster.

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