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October 28, 2005


John Nesheim

David, I enjoyed hearing your comments about aiming for the acqusition by building a feature or other short-term item. I just returned from speaking to groups in Norway, Seattle and Birmingham where too many first-timers thought they were too tiny to try for the IPO. My response is simple: If you aim for only the bronze medal instead of the gold, guess what you are most likely to end up holding? In other words, they did not build an idea into an unfair competitive advantage. Keep up the insightful thinking.
Author of High Tech Start Up and The Power of Unfair Advantage
Professor of Entrepreneurship for Cornell University.

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