Although HP is now "recognized as the symbolic founder of Silicon Valley", just imagine how their spawn - today's venture capitalists and investors - would have thumbed their noses at Hewlett and Packard's lack of ambition. Think how the elevator pitch would have gone. No paradigm-shifting, market-busting billion dollar vision, just something along the lines of:
"well, erm, we just thought we'd do some stuff. Maybe amplifiers or radio transmitters. Medical equipment, welding equipment and air conditioning controllers might be interesting too. Probably not public address systems, or selling other people's radios though. Who are our customers? Good question. We'd probably sell it to manufacturers. Not sure though - we haven't thought about it much. We might sell some services too if we have to."
Yet, despite a frankly rubbish business plan, no clear idea of what they wanted to do, and appalling timing (in the tail-end of the great depression, just before the second world war), Hewlett and Packard managed to create what would turn out to be a formidable institution.
http://blog.businessofsoftware.org/2 008/12/hp-founding-minutes.html
http://www.communities.hp.com/online/bl ogs/hparchives/archive/2008/11/27/origin al-business-plan-1937.aspx
"well, erm, we just thought we'd do some stuff. Maybe amplifiers or radio transmitters. Medical equipment, welding equipment and air conditioning controllers might be interesting too. Probably not public address systems, or selling other people's radios though. Who are our customers? Good question. We'd probably sell it to manufacturers. Not sure though - we haven't thought about it much. We might sell some services too if we have to."
Yet, despite a frankly rubbish business plan, no clear idea of what they wanted to do, and appalling timing (in the tail-end of the great depression, just before the second world war), Hewlett and Packard managed to create what would turn out to be a formidable institution.
http://blog.businessofsoftware.org/2
http://www.communities.hp.com/online/bl


Comments
"I know, I leverage the good name of a company famous for supplying engineers with the best of tools (electrical test equipment/calculators etc) and use it to sell cheap crap computers to the general consumer. Simultaneously, I'll shut down the departments that gave us that good reputation."
Way to 'liquidate' a company's good will.