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Creating an operating plan for 2010
Having the right team is crucial for a startup and keeping the team right as a company develops is a critical discipline.
Yesterday, First Round had its annual CEO Summit . One of the cool things about being a fund that works with so many early stage companies is that bringing the whole portfolio together in one place results in a lot of collaborative learning opportunities.
#1: Be Narrow Focus on the smallest possible problem you could solve that would potentially be useful. Most companies start out trying to do too many things, which makes life difficult and turns you into a me-too. Focusing on a small niche has so many advantages: With much less work, you can be the best at what you do.