The Investor Entrepreneur Chasm

Investor: What are you building? 

Entrepreneur: Artificially intelligent software that automatically builds sophisticated business applications based on the enterprise’s business rules. 

Investor: Your competitors are too entrenched. What can you do that’s simpler? 

Entrepreneur: Small business software that ties all a company’s applications together. 

Investor: You’ll never compete with Microsoft. What else? 

Entrepreneur: Tiny apps that all kinds of people can use to run their stuff. 

Investor: 37signals will kill you. What else? 

Entrepreneur: Social software that enables your sales people to understand what’s happening in the global marketplace. 

Investor: It’ll never work. Can you do something more practical? 

Entrepreneur: An intelligent e-commerce system that guarantees the consumer the best value. 

Investor: You’ll never compete with Amazon or Ebay. Got any other ideas? 

Entrepreneur: Recipe software. 

Investor: OK, if that’s the best you can do, we’ll go with it. Geez, I just wish you guys would dream a little bigger.