Palm has done a platform reboot with its new webOS and the company is swinging for the fences with its first webOS device, the Palm Pre. So will Palm strike out or hit it out of the park? Here are five reasons why I expect it to be a homerun.
For the last decade, I have been convinced that the three most important factors in determining the success of a start-up are (1) team, (2) product or service, and (3) market (timing, size, etc.). Take an A+ entrepreneur, with a great idea for a new product or service, at the right time, and about as fast than you can tweet Susan Boyle you’d have a success brewing. Recently, I have added one factor to the must-have list: the right start-up culture. In other words, add a dose of bad culture to a team of superstars, a killer product and good market opportunity, the result is almost always death by a thousand backstabs. What defines a great start-up culture? Justice Stewart’s “I know it when I see it” standard seems particularly apt here, but not actionable.
(tags: vc Entrepreneurship)