Startups’ Seven Deadly Sins

Scott Clark: “4. Espousing entrepreneurial arrogance. When you have a one-person business, you are in charge of everything, but as your workforce grows you need to maximize productivity. Even if you think you know it all, you need to let go, train your employees within an inch of their lives and then concentrate on providing the tools they need to do the best job possible.”

Attracting Talent

Alex Bendig: “If you cannot provide the top talent in your development team with challenges appropriate to their skill level, they will tend to believe they are wasting their time and talent. Overcoming boredom is not an acceptable challenge.”

A Conversation with a VC

Jason Calacanis:

Associate: “Mmmm…. well, you’ve done a lot of cool stuff, but I mean what do you consider your advantage?”

Me: “Hustle.”

Associate: “So your business is based on hustle?”

Me: “Isn’t every business?”

Associate: “I’ve never heard that.”

Me: “They don’t teach hustle at Harvard’s MBA program?”

Associate: “I went to Wharton.”

Daily Improvement

Bob Parsons: “It’s your job to make sure each and every employee in your organization understands that they all should have one simple charter. At the end of the day, in some small way, they need to be a little better.”

Winning in an Industry that Sucks

Norm Brodsky:

But it appeared to me that, among people who do interior decorating, the habit of taking customers for granted had been institutionalized, and I assumed I was in for another such experience when we hired a decorator for a new apartment we’d bought in Florida last year. Her name was Rosalie Modansky. She wasted no time letting us know that she didn’t work like other decorators. Once we’d agreed on a budget, she explained that she charged a flat fee for her services. “I’ll guide you in the buying,” she said. “I’ll take you places and show you things. But you can pick out anything you want from anywhere you want. It doesn’t matter to me. I don’t make money on what you spend.”

Attractive Markets

Yaro Starak: “Every now and then I ponder these markets. Gambling and porn are industries famous for being very profitable online way before anything else. How well would a gambling or pornography blog do? Think about the affiliate programs, the commissions and easy sell to the target market. Then I remind myself that I don’t really want to associated with these industries and go back to work on the cleaner ideas.”