Lesson two: No matter how paranoid you think you are, you’re not paranoid enough.
I thank Andy Grove, former CEO of Intel, for this piece of wisdom. In his book, Only the Paranoid Survive, Grove writes of the strategic inflection point which a company can reach as an effect of just about anything: increased competition, a change in regulatory issues and, of course, changes in technology. When a strategic inflection point occurs, ordinary business rules must go out the window.