Adding/Creating Value

Reading “Rational Optimism”, Great book if you have not, do. one theme is that individuals engaged in tech will solve problems not outside regulators.

A great section speaks of how Innovation in products as well as technology that helps those products become accessible to more through lower costs or percentage of earnings. This is the result of not investing in monetary assets but investing monetary assets in products that save people time.

Then that time is invested back into the system and the multipliers kick in! It seems though that a larger percentage of that value created is in entertainment not products, Hamburgers and Haircuts! value to see a concert adds more value than time used to do a marathon Television day!

In my humble opinion our culture is less one of learning or building than it has become about the third screen passive engagement. No I have not become that “GET OFF MY LAWN” old man. And no things were not better in the old days, but I do see a trend toward having learned and being an expert than learning and being a student.

We talk so much of experiments in product development but what is an experiment? Many times the exercise seems more to prove than to explore at and after the MVP stage. Bias is taking that third screen approach to your testing. Ask yourself what is the value you are creating and how downstream will it create time or lower costs. If we truly want to do something create for the world then we should think about quantifying that downstream value as well as what we do with the value we extract for the value we have created.  

Tim Bates