VCs will charge all reasonable expenses associated with board meetings to the company they are visiting. This usually isn’t a big deal unless your VC always flies on his private plane and stays at the presidential suite at your local Four Seasons hotel. In the case where you feel your VC is spending excessively and charging everything back to the company, you should feel comfortable confronting...
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I get pummeled with email, often from people either thanking me or asking me things. Here's a quick encapsulation of the questions I get, and how I'd reply if I had the time.
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I recently had my 3 year anniversary at CashStar, and it got me thinking about how fast the last 3 years have gone. When I first started at CashStar there were only a handful of people, and we had nothing, and it was great. We had no products, no customers, which might sound bad at first, but we also didn't have any customer, or production support issues to slow us down.
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It’s not at all uncommon that when something is successful, other companies attempt to mirror that success by following some of the same methods. From the first cars to the recent deluge of daily deals sites, the behavior is far from surprising. It stands to reason then that we’d start seeing a number of startup incubators and accelerators popping up across the world, given the success of some...
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Habits are extremely important because without them we get bogged down making too many decisions. This is why most people find new places, situations, jobs, and ways of thinking difficult and tiring. Simply put, when you’re in a new situation you’re missing a lot of habits that you’re used to depending on in more familiar situations. Not only do you now have to make a lot more decisions which...
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When looking back at successful companies, you can always point to a series of defining moments that changed their business for the better. If a critical decision wasn't made or a specific shift in the market didn't happen, the company would have never made it.
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New York doesn’t have to rival Silicon Valley; it can be its own success story, with its own unique culture. And that is what the region should be looking at first, rather than trying to gain some bragging-rights parity with the San Francisco Bay Area.
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At networking events I’ve been given a weird look many times, when people thought the MinuteBox idea was crap. I’ve had a lot of rejections from different people for different reasons. I even got a bad review from TechCrunch. I still survive. Or, as an insane optimist, I would say I have learned a lot from those experiences. These days, the thing that frustrates me the most is that I need to...
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Why do some startups get acquired and not others? Here's a thought experiment. Suppose you have two startups in the same space with about equal traction. What factors could lead one of those startups to get acquired over the other? I believe a major factor is availability bias on the M&A side. That is, the buyers know more about one over the other and are (often legitimately) biased in their...
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Eric Ries and Lara Druyan talk about the process of starting startups, and his upcoming book. Discussion includes: Why Eric came up with the "Lean" model, where the ideas for lean came from, what provokes a CS geek would want to write a book and become a talking head, and women in the startup world.
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