Here is How to Make Sense of Conflicting Startup Advice. Everybody has a blog these days and there is much advice to be had.
Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. WTF? There are bootcamps, startup classes, video interviews – the sources are now endless. Entrepreneur Startup Advice. I usually tell people that everything I learned about being an entrepreneur I learned by F’ing up at my first company.
I think the sign of a good entrepreneur is the ability to spot your mistakes, correct quickly and not repeat the mistakes. I made plenty of mistakes. Below are some of the lessons I learned along the way. If there’s a link on a title below I’ve written the post, if not I plan to. The summary of each posting will be here but the full article requires you to follow the links. For now it’s mostly an outline for me to follow (in no particular order). Disclaimer: I ran two SaaS software companies. 1. 2. You also need to consider founder scenarios, ownership, prenuptials and stock options. Mark Zuckerberg's Words Of Wisdom (Best Quotes From The Facebook Founder) 280 Must Read Books for Entrepreneurs.
What I Learned From Steve Jobs. Many people have explained what one can learn from Steve Jobs.
But few, if any, of these people have been inside the tent and experienced first hand what it was like to work with him. I don’t want any lessons to be lost or forgotten, so here is my list of the top twelve lessons that I learned from Steve Jobs. Experts are clueless.Experts—journalists, analysts, consultants, bankers, and gurus can’t “do” so they “advise.” They can tell you what is wrong with your product, but they cannot make a great one. The 10 Mistakes I've made...so you don't have to. The Most Underrated Quality of a CEO. You usually hear a lot about the early days of being a founder CEO, but I'm going to try to write more about the days of being a founding CEO as a company grows.
The articles will probably be shorter and more frequent. Earlier today, someone asked me on Formspring what the most under-rated quality of a CEO is and I responded very simply with this: The Ability To Let Go. Late last week, I was lucky enough to get advice from a very successful CEO that told me: only focus on tasks that you yourself can specifically do. If it's something someone else can do and it constantly eats into your time, then you should find someone to fill that role if you have the resources. It resonated with me heavily as I find Onswipe growing faster than ever before and thinking about what tasks I should be taking on every day.
You Can't Do It All Yourself As a growing company, there is absolutely zero chance that you can do it all yourself. Find People Smarter Than Yourself Make Sure You Set The Vision. Don't give bullshit advice. I chatted with a young guy last night about his new startup idea.
He's got a vision for a social commerce app with a few cool spins on it. As I listened to him, I was thinking about how I had heard this exact pitch half a dozen times before. I also knew I had a lot to offer him in terms of help. I have a good friend that ran an almost identical company and failed. I've worked in social commerce, and I know a lot of the players. Do you think it's a good idea? This is the question he had been so excited to ask.
I have no fucking idea. When a new entrepreneur comes to you for advice, remember this little tidbit. Don't give bullshit advice. The danger of providing concept feedback goes even deeper. One of my favorite investors once explained how he looks for the next big thing. Spolsky on Software on Both Sides of The Table. Sometime around 2003/04 my technology team turned me on to “Spolsky on Software” a periodic newsletter served up blog style from Joel Spolsky of FogCreek Software, a maker of bug-tracking software.
Blogs weren’t popularized yet so it was an oddity for me to read the founder of a software company spewing out advice. But I loved reading them and so did my team. So it was a thrill for me last month to be able to have dinner with Joel and shoot the breeze. I asked him if he’d be willing to allow me to interview him for This Week in VC and we filmed it in the offices of Stack Overflow – his new company. I loved every moment of our discussion other than the video angle, which I think I’ll be more particular about in the future You can watch the video here or … As always we have notes: graciously provided by Daniel Wolchonok, the founder of RentMaps whose request of me for typing up the notes was to come and speak at Yale where he’ll be getting his MBA starting this fall so I’ve agreed to it.
Survey: Speed (to Market) Kills.