If you want to save this summary for later, download the free PDF and read it whenever you want.ĭownload PDF Lesson 1: Blitzscaling is not just about growing fast, it’s about doing so while staying sustainable.Įxponential growth is what every startup dreams about. Want to start a company that’ll change the world? In today’s environment, blitzscaling is the solution you need! Let’s see how it works. Two big obstacles to achieving blitzscaling are product-market fit and operational scalability.Businesses who quickly want to reach massive scale must maximize four different growth factors.The definition of blitzscaling includes growing rapidly, but also requires your company to stay sustainable at all times.
Here are 3 lessons about what blitzscaling is and how you can improve your chances of pulling it off: In Blitzscaling, a book he co-wrote with Chris Yeh and that is based on a class he taught at Stanford, he explains how founders can set up their businesses to quickly capture large market shares, leave the competition in the dust, and reap huge profit margins as a result. Having been part of some of history’s most impressive growth and success stories in business, he now wants to share everything he’s learned about scaling a company and doing it fast. It’s exactly this kind of growth that fascinates Reid Hoffman, the billionaire co-founder of LinkedIn, angel investor, and former COO of PayPal. Imagine having 20 customers on the 1st of November, and 320 on the 30th. After one month of such growth, your customer base would have increased by a factor of 16. That means for a while, every week, PayPal doubled its user baser. Airbnb CEO Brian Chesky said, “I can’t think of any other work that so perfectly captures the specific challenges – and opportunities – that a company faces at every stage of growth.” Adam Grant, the bestselling author of Originals and Give and Take, raves, “This is the best book I’ve ever read on how to grow a company rapidly - and when that’s even worth trying in the first place.Listen to the audio of this summary with a free reading.fm account:Īt its peak, PayPal was growing 10% per day. The authors provide a step-by-step approach to this new model, which requires abandoning traditional business strategies and rules in favor of innovative operational and management practices. Their promise: “Blitzscaling” – done right – can catapult your $10 million company to a $10 billion company. To join giants like Facebook or Apple, they write, you need to embrace risk. The author’s professional accomplishments testify to their expertise: Reid Hoffman served as COO of PayPal, co-founded LinkedIn and is the host of the popular Masters of Scale podcast Chris Yeh, co-founder and general partner of Wasabi Ventures, has worked with more than 100 high-tech start-ups since 1995.
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