While StumbleUpon is not my favourite application, this is a great interview with the founder, and this quote is right on the mark. In fact the concept, as simple as it sounds applies to everything including anything new that banks kick off. What’s the point unless it is something that matters, and is a great product.
Allen: What are the most important things that a startup must have to be successful?
Garrett: A great product is absolutely the most important thing–there’s just no getting around that. That may seem obvious, but I think there are a lot of startups out there that focus so much on business plans and IPOs and exit strategies that the idea itself takes second place. Plus you have to be ready for hard work and frugal spending to get the idea off the ground.
Bankwatch 