Be attentive to learning, and not just from data and books, but from those around you.In the interview section, Reid spent time thinking about common traits of successful entrepreneurs and he highlighted three. What are some common traits of successful entrepreneurs? Chris encouraged even larger companies to look for opportunities to Blitzscale new businesses. One of the key take-aways was that there’s no end to Blitzscaling. This second point would be the element that enables the rapid and viral growth. Two, the scalability of distribution, where the value of the product grows with the number of users.By Blitzscaling, a company could take advantage of possibilities before their competitors could catch up.

The race metaphor outlined his position well.

One, the “Winner Take Most Market” where there are opportunities for land-grabs.

Will Blitzscaling work for you?Ĭhris was realistic about how and when to Blitzscale a business. He explained this by saying, “The customers you have today may not be the customers that are going to make you successful in the future”.

“Are you going to be able to out-race your competitors to reach critical scale and win that market?”Ĭhris acknowledged that there are a number of strange rules for Blitzscaling, including speed over efficiency, with a number of counterintuitive rules including “ignore your customers”. They emphasized that acting quickly could give a company enough lead-room to significantly differentiate themselves from their competitors. While Chris started out with an introduction to Blitzscaling, the session turned into a an interview with Reid providing insights as to where he sees opportunities in the future.

They co-wrote the book “Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies” and they shared some tips about how your company can win the growth race. Some of the world’s biggest and most successful companies have prospered because of this rapid growth or “Blitzscaling”.Ĭhris Yeh, Co-author of Blitzscaling & Co-Founder - Blitzscaling Academy, and Reid Hoffaman, Partner - Greylock, joined us as our first speakers on the main stage today. What do rapidly scaling companies have in common? What do they do for fast growth? In competitive marketplaces, rapid growth can increase a business’s potential to succeed and afford them exponential value growth.

Chris yeh blitzscaling