Management
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This post originally appeared on TechCrunch . I have often said that what separates real entrepreneurs from pundits and bystanders is a bias towards getting things done versus over analyzing things. My credo has always been JFDI . It’s the hardest thing to teach people who come out of big companies, out of conservative jobs. At the big consulting firms, investment banks and established large technology companies we’re taught to produce long reports, make sure that every document is perfect quality and that every possible bit of diligence has been done. Good enough isn’t.
I was recently involved with a company (not as an investor) where an embarrassing mistake was made. One of the leaders took a sort of “heads will roll” approach. It’s not my company so I basically stayed out but tried to encourage him to think differently about the “punishment.” I didn’t stick around for the repercussions so I hope the process was balanced. But it got me thinking about the topic of leadership and how to manage people through “light” and “heat” (think carrot & stick but I like my analogy better because we’re humans not animals).
Running a business is like being on the dating scene... forever. Instead of looking for love, you're working for money and partnerships. Once you're past the stage of just looking for the next buck, you want to develop long-lasting and rewarding relationships. So if you want to learn about business, put down The Tipping Point and Delivering Happiness and pick up books like The Game and The Tao of Dating.
8 Sep 2010 Joel was kind enough to speak last night to Hunch and a bunch of other startups. For me it was like being a teenager at a Justin Beiber concert - Joel's blog is perhaps my all time favorite.
Cet article est extrait de “L’accompagnement des startups high-tech en France” écrit par Olivier Ezratty ( membre du Jury, Consultant & Coach Startup, Blogueur sur Opinions Libres ). J’ai souvent l’occasion d’être contacté, de rencontrer ou de croiser dans divers comités de sélection des entrepreneurs “seuls” dans leur projet. C’est-à-dire qu’ils sont seuls à fonder leur entreprise et qu’ils n’ont donc pas d’associés. Ils ont tout au plus des investisseurs plus ou moins investis dans le projet et éventuellement des employés, souvent des stagiaires embauchés à bon compte.
Susan Wright-Boucher “The force multiplier throughout history,” write Gallup research veterans Bruce J. Avolio and Fred Luthans, “has often been attributed to the leader's ability to generate hope." Leaders are purveyors of hope.
Do you remember how you used to feel on the last day of school. I do. I clearly remember how good it felt. Knowing that I was done with whatever grade I was in.
Je reprends les feedbacks du Founder Institute avec un peu de retard. Dans la série "j'ai tout pour moi", il y a Aaron Patzer. 30 ans, il a fondé Mint.com il y a 4 ans, tout seul. C'est un service web qui permet aux particuliers de ventiler et suivre leurs dépenses très simplement, qui les analyse et vous suggère de vous fournir ailleurs, là où ça coûte moins cher. Revendu pour 175M$ l'année dernière. Ce n'est pas trop la revente faramineuse qui m'intéresse, c'est le bon sens massif et la pédagogie du personnage, qui a animé une session sur l'équipe de l'entrepreneur : comment embaucher, comment licencier.
Why did so many successful entrepreneurs and startups come out of PayPal? I long have been fascinated by the extraordinary achievement from the ex-Paypal team and wonder about the reasons behind their success. In the past, mass media tried to answer this question several times but still couldn’t give us a clear answer.
Shortly after we sold Opsware to Hewlett-Packard, I had a conversation with the legendary venture capitalist Doug Leone of Sequoia Capital. He wanted to hear the story of how we went from doomed in the eyes of the world to a $1.6B outcome with no recapitalization. After I took him through the details including several near bankruptcies, a stock price of $0.35/share, unlimited bad press and 3 separate layoffs where we lost a total 400 employees, he was most amazed by the layoffs. He said that during his over 20 years in the venture capital business, he’d never seen a company recover from consecutive layoffs and achieve a billion dollar plus outcome. He said that he’d bet against that every time and wanted to know how I did it. Since my only experience was the great exception, I needed more information.
Working with teams whose members are spread across offices (or even continents) can make it extremely difficult to gauge and manage project momentum. Momentum isn’t motivation; it’s a separate factor. In fact, it’s often momentum that comes into play when team motivation might be flagging.
In all my years in business, I have yet to hear someone say: “I love corporate politics.” On the other hand, I meet plenty of people who complain bitterly about corporate politics—sometimes even in the companies they run. So, if nobody loves politics, why all the politics? Political behavior almost always starts with the CEO.