5/17/2023 0 Comments Blitzscaling hoffman![]() ![]() That doesn’t mean startups should avoid prioritizing breakneck speed, especially in industries like fintech and edtech, where the pandemic spotlighted a lot of potential. “Blitzscaling is being inefficient it’s spending capital inefficiently and hiring inefficiently it’s being uncertain about your business model and those are not good things.” Instead, he said, blitzscaling is a choice companies may have to make for a set period of time to outpace a competitor or react to a pandemic rather than a route to take from idea to IPO. “Blitzscaling itself isn’t the goal,” Hoffman said during TechCrunch Disrupt 2021. Years later, founders are navigating a pandemic, perhaps the most uncertain period of their lives, and Hoffman has a clarification to make. When LinkedIn co-founder and Greylock partner Reid Hoffman first coined the term “blitzscaling,” he kept it simple: It’s a concept that encourages entrepreneurs to prioritize speed over efficiency during a period of uncertainty.
0 Comments
Leave a Reply. |