ANTONIO SILVEIRA'S TUMBLR

The core idea we have, the core theory we have, is that the fundamental output of a technology company is innovation and that’s very different than a lot of businesses, right? The fundamental output of a car company is cars. Or the fundamental output of a bank is loans. The fundamental output of a tech company is innovation, so, the value of what you’ve actually built so far, and are shipping today is a small percentage of the value of what you’re going to ship in the future if you’re good at innovation. So the challenge tech companies have is they can never rest on their laurels with today’s product, they always have to be thinking in terms of the next five years of what comes next and if they’re good at running internally and are indeed a machine that produces innovation, they tend to do quite well over time. It’s when things go wrong internally and they stop innovating, which happens alot, that the wheels at some point tend to come off.