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In February 2010, Fred Wilson spoke to the Future of Web Apps Conference. He delivered a speech emphasizing 10 things that make a Web application successful.

The one that seems to have stuck in everyone’s mind is the first of these. People have focused, quoted, and written almost exclusively about number one:

First and foremost, we believe that speed is more than a feature. Speed is the most important feature.

Strong words.

Fred has worked with Web and mobile companies for many years, so he comes at this with a modicum of experience. And for years, I would have agreed with this. But Fred goes on to describe 9 other items that don’t get the same Google-juice that this one quote does. There are probably 10 more that companies could come up with.

But a maniacal focus on speed means that in some companies, all else is tossed in order for that goal of achieving some insane, straight-line, one-dimensional goal. Some companies are likely investigating faster than light technologies to make the delivery of online applications even faster.

Can you base your entire business on having the fastest online application? What do you have to do to be fast?

Strip it down. Lose the weight, the bloat, the features. And what’s left is a powerful beast designed to do one party trick, likely at the expense of some other aspect of the business that supports the application.

If a company focuses on a few metrics, a few key indicators, they might evolve up to NASCAR, where it is not just speed, but cornering, that matters. Only left-hand corners, mind you, but corners nonetheless. Here speed is important, but is balanced against availability and consistency to ensure that a complete view of the value of the site is understood.

But is that enough? Do your customers always want to go left in your application? What happens if you are asked to allow some customers to go right? Do all of the other performance factors that you have worked on suddenly collapse?

As you can tell, growing up means that my taste in fast cars and racing forms has evolved, become more complex. Straight-line speed, followed by multi-dimensional perspectives have led me to realize that speed is only one feature.

So, if top-fuel and stock-car racing aren’t my gig, what is?

For a number of years in the 1980s and again since 2008, I have had a love of Formula One. The complexity of what these machines are trying to achieve boggles the mind.

Formula One is speed, of that there is no doubt. But there is cornering (left and right), weight distribution, brake temperature, fuel mix, traffic, uphill (and downhill, sometimes with corners!), street courses and track courses. And there are 24 answers to the same question in every race.

And then, there is a driver. In Formula One, a driver with an “inferior” car can win the day, if that inferiority is what is particularly suited to that course, in the hands of a skilled manager.

There is no doubt that like Formula One, speed is key to coming out on top. But if the organization is focused solely on speed, then your view of performance will never evolve. The key to ensuring a complete Web performance experience is a maniacal focus on a matrix of items: speed, complexity, third-parties, availability, server uptime, network reliability, design, product, supply-chain, inventory management integration, authentication, security, and on and on.

The Web application is a just that: a web. Multi-dependent factor and performance indicators that must be weighed, balanced, and prioritized to succeed. No web application, no online application, fixed or mobile, will survive without speed.

However, if speed is all you have, is that enough to keep someone coming back?

Is your organization saying that speed is all there is to performance?

Tables. They’re pretty ubiquitous. You might even be using one right now (although in the modern mobile world, you may not. LAMP POST!).

A strong business is like a table, supported by four legs.

• The Business. The reason that resources and people have been gathered together. There is a vision of what the group wants to do and what success looks like.

• The Design. Don’t think style; think Design/Build. This is where the group takes the business idea and determines how they will make it happen, where the stores will be, what a datacenter looks like, who they will partner with.

• The Presentation. How the Business and the Design are shown to people. How the shelves are stocked, the landing pages look, the advertising is placed, how the business looks to potential customers.

• The Delivery. This is the critical part of how the business uses the systems they have designed and the presentation they have crafted to deliver something of value to the potential customer.

Without any one of these, an organization will fail to meet the most critical goal it has set to be successful: an experience that turns a visitor or browser into a customer.

All the Business and MBA grads in the audience are yawning, and slapping their Venti non-fat, no-whip, decaf soy lattés down on the table. This message isn’t for you. Well, it is, but you can stand up and give your chair to one of the people behind you.

Now that I have Dev, QA, and Operations sitting with me (remember, the Business guys are still in the back of the room, tapping away on their Blackberries), tell me what you think of this conceptual table. How does the Table of Customer Experience relate to you?

Ok, put down the Red Bulls and Monsters and listen: Everything that Dev, QA, or Operations does has an effect on the experience (negative or positive) of the potential customer. If one of the table legs is broken (or even shorter than the others), the rippling shockwaves will eventually affect the entire operation.

So, if I were to ask the member so of your organization how their daily activities supported the online application in each of these four areas, do you think they could answer?

Grab a white board. This is going to be a long day.

Picture courtesy of sashafatcat