How long can you be away from your phone? Smartphone adoption has grown exponentially. There are currently 7.8 Billion people in the world and 3.5 Billion smartphones! So, how did that happen? Was it all because of one brilliant company, Apple? Not quite. #Innovation is built on the shoulders of many, and in the smartphone story, there’s one company that doesn’t get enough credit: Palm Computers Inc. While the Palm Pilot was the first truly successful smartphone, the first version was a commercial failure. But it offered the team insights on how to succeed the second time. Here are lessons that entrepreneurs can take away from Palm Computers: 1. Stick by your convictions: When the first palm device failed, the team knew that they were on the right path and very close to success. They decided to believe in themselves and try again 2. Focus on user feedback: The team realized that business users just wanted a Palm device to seamlessly sync and work as an extension of the computer, not an independent device as it was originally designed to be. 3. More capital doesn’t necessarily guarantee #success : While others spent billions, Palm Computing spent just $3 million to develop the working model of their device Watch the #KalaariPodcast here-> #Entrepreneurship …see more