A long roadmap is very critical for me. Thinking about the long term is an absolute must for products to be created that can make a difference but also acts like a true north for strategy making.
From A VC:
So when I asked Dennis about the moment when the Foursquare team watched the Facebook Places announcement, he said “I got up and told the team that any company can copy what we have built, but we just have to go on and build the things we want to build because nobody else has that roadmap.”
That is the power of a visionary founder leading a team to build the things that are only in his or her mind. I recall Mark Pincus, in the early days of Zynga, tell me about a game he wants to build someday. Zynga still has not released that game. When Jack Dorsey came back to Twitter, he said he was finally going to build Twitter 1.0. Think about that. And think about what Twitter 5.0 is in Jack’s mind.
The best founders have these long roadmaps. If they can stay engaged in their companies, they can realize them over extended periods of time. There are so many reasons why this doesn’t always happen. Founders leave. Companies are sold. But when it all comes together, the result is magical.
From the comments on the post:
There is nothing wrong with having a plan. Plans are great but missions are better. Missions survive when plans fail, and plans almost always fail.