RealTime IT News

Tech Insider Says Plan B is a Good Thing

Imagine you're a tech startup with a great new Web service or product idea. You get enough funding to build out the staff and start developing the product in earnest. A year later, you realize the market's changed; another company already offers 90 percent of the functionality of your SuperWebWonderWidget along with a bunch of features you don't have.

It's time to go to Plan B, but guess what? B doesn't need to mean 'Beaten', rather it can be Beautiful. That's according to Randy Komisar, co-author with John Mullins of the new book "[Getting to Plan B: Breaking Through to a Better Business Model](http://press.harvardbusiness.org/getting-to-plan-b)."

Thumbnail image for 100_1610.JPG

Komisar spoke earlier this week at a Churchill Club event "in conversation" with New York Times reporter John Markoff. As a venture capitalist, virtual CEO and executive of a number of Silicon Valley tech companies (WebTV, TiVo, GlobalGiving, senior counsel at Apple), Komisar has seen his share of firms that had to change business plans quickly.

*(Photo by David Needle)*

For example, he recalls when he was a director at Tivo in the company's early days when its focus was on home networking and licensing its technology to companies like Sony and Philips. "That was in the late 1990s when they hadn't figured out entertainment was the opportunity," he recalls.

A more recent example that Komisar is involved in is [Cooliris](/bus-news/article.php/3790741/Browser+AddOns+an+Emerging+Force.htm), a Web service that's been out a few years, but hasn't found its footing despite changes to its original model. Cool Iris is designed to bring a more visual navigation to the Web, its latest iteration is a nifty "3D Wall" for [speedier image searching ](http://www.cooliris.com)of Google, YouTube, Flicker and other services.

Komisar says it brings an "Apple-like elegance" to surfing the Web. "My guess is there will be a Plan C, " said Komisar.

Comment and Contribute