A long time ago, I came across the amazing quote above, which was said often by Jim Rohn. It stook in my mind, and as the years have gone on, I feel I’ve increasingly started to learn the true meaning of it.
After the design firm where he worked as a web developer went under, Ray S. turned the bad news into an opportunity to transition into iOS development. The Chicago-area resident thought a local coding bootcamp called Mobile Makers would help him make the jump.
I want to introduce a new concept — ‘talent hacking’. I define this as the creative application of technology and data to the problem of building new teams. I’m trying to coin this phrase in part to highlight how we’ve bizarrely neglected the ‘people’ part of the startup stack.
(Background: Dinnr was an ad-hoc, same day ingredient delivery service. Select a recipe on our website, and we deliver everything you need to cook that recipe at home, all the items pre-measured with printed instructions.
Feeling bored at work? Just go start a company. Feeling depressed about life and lack any direction? Just go start a company. Broke up recently? Just go start a company. Had a parent die and can’t move on? Just go start a company. (To be fair, I overheard that one last year.
One of the big no-no’s we’ve learnt about early on in Silicon Valley is to publicly share the pitchdeck you’ve used to raise money. At least, not before you’ve been acquired or failed or in any other way been removed from stage. That’s a real shame, we thought.
Kim Scott had one thing to do that day. She was going to price her product. It was the year 2000, she was the founder and CEO of Juice Software, and she had blocked off her whole morning to make this decision.
It’s a common adage in Silicon Valley that 90% of startups ultimately fail. To understand why that’s the case, a pair of researchers meticulously pored over 193 blog posts—startup postmortems, if you will—written by founders examining what went wrong.
I’ve learned a lot from the development of NameLayer, and I’m ready to divulge every trick in my arsenal. In this guide, I provide realistic solutions to the frustrations encountered when naming a company. Plus, I’ll have some fun analyzing both good and bad company names.
Here is an essay version of my class notes from Class 13 of CS183: Startup. Errors and omissions are mine. Credit for good stuff is Peter’s entirely. The biggest philosophical question underlying startups is how much luck is involved when they succeed. As important as the luck vs.
PORTLAND, Ore. — It’s Friday afternoon, and the funky, open floor office of Treehouse LLC, a fast-growing tech company, is empty. The lights are off. Rows of computers are silent. The food in the well-stocked pantry, the ping-pong table and video-game consoles untouched.
Everything has to be a billion dollar idea that changes the world or it isn’t worth doing. Reality is, that for every thoughtfully articulated and executed world domination master plan, most of the biggest and impactful companies started out with much more humble ambitions.
Last week we launched a new series about our journey to $100K a month. Now let's go back to where it all began... In May of 2011, I was talking on the phone with a fairly well-known VC. We had been introduced through mutual friends, and I was telling him about my plans for Groove.
I keep a secret list. It has every good idea for a startup I’ve had. Are any really good ideas? I haven’t done the work to find out. The first step would be to explore them in depth, maybe with an essay. The real test is actually doing it. I’m on my second startup right now, YesGraph.
Pitching your startup to investors just might be the most nerve-wracking aspect of starting your new business -- well, besides the prospect of losing your shirt. I get it. The last thing you want to do when you're sleep-deprived and edgy and suffering startup angst is pitch it over... and over...
Over 90% of tech startups fail, but I never thought my baby, 99dresses, would be one of them. If there is one thing that doing a startup has taught me, it’s that I am much more resilient than I could have ever imagined.
Euphoric super fans tout entrepreneurship as the best thing since the iPhone. Others describe it as a never-ending slog of busywork. The truth lies somewhere in the middle.
I graduated from college in the worst year for finding a job in recent history: 2009. I had one interview after another, and the one offer I did receive kept getting delayed. I needed to find a job fast or move back home to California from D.C.
You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.
This is part of my Startup Advice series. I had a picture in the office of my first company with the logo above and the capital letters JFDI. (In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.
Rewind back to five years ago, and I was helping some of the most incredible startups on the planet to find and acquire domain names.
Editor’s note: Milo Yiannopoulos is a journalist and broadcaster. His first book, The Sociopaths of Silicon Valley, will be published in 2015. I hate activist journalism. But last week, I was responsible for the death of a startup.
The 25IQ blog posts below have been rewritten and are now part of a new book that will benefit the author’s chosen charity: No Kid Hungry. The author will be directing his share of the profits from both hardcover and Kindle sales to this charity.
One important caveat to note: Our index does not currently include startup ecosystems from China, Taiwan, Japan, and South Korea. It has been challenging to get survey participants and complete data. We hope to have these ecosystems included in our index later this year.
In 2010, Patrick and John Collison, brothers from rural Ireland, began to debug this process. Their company, Stripe Inc., built software that businesses could plug into websites and apps to instantly connect with credit card and banking systems and receive payments.
The startup gold rush of the last ten years is over. Sorry. Those hordes of ambitious entrepreneurs still stampeding to the Bay Area in the hopes of building their Minimum Viable Product, getting into Y Combinator, and growing their app into the Next Big Thing–they’re already too late.
Starting a new company is difficult. The numbers say that 75 percent of startups fail, but that doesn’t change the fact that lots of people do it every day. Inventing a new category, however, is downright herculean.
A lot of the advice we give startups is tactical; meant to be helpful on a day to day or week to week basis. But some advice is more fundamental. We’ve collected here what we at YC consider the most important, most transformative advice for startups.
Just because you have a great idea doesn’t mean your startup will succeed, and there’s a simple reason for this: concepts don’t make companies. Startups depend on everything from the capabilities of their founders to the depth of their pockets.
Blogging is like the modern day welcome mat, showing passers-by that someone is home and will probably answer the doorbell if you ring it. For startups, this is particularly important as you strive to establish your voice and brand point of view.
Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. His latest book, “Choose Yourself!” (foreword by Dick Costolo, CEO of Twitter) came out on June 3. Follow him on Twitter @jaltucher. This is going be a bullet FAQ on starting a business.
There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is profitability. There is a healthy tension between profits & growth.
There are always going to be people that seem to turn everything they touch into gold. When is the last time Leonardo DiCaprio made a bad movie? I can’t think of a single one -- he only makes great movies.
Last month, I wrote an article - how I achieved Nirwana as an entrepreneur. But I feel I missed a few points in the process passing on an incomplete message. I know enough people who have dreamt of starting a company, but they never took the first step.
In an ideal world, you have at least a year’s salary saved up and you can quit your day job in order to focus 100 percent on your entrepreneurial venture. Unfortunately, that’s just not feasible for many entrepreneurs who end up being successful.
Soleio Cuervo has been thinking about how to tailor technology to users for almost a decade. And he’s had a pretty unique vantage point.
If you go back a hundred years before the mechanization era, you would see that the default way of making a living was not through a job, but through farming. So that tells us the current default for making a living is temporary. The question is what's next?
Being a startup founder is hard, tough, frustrating and rewarding – possibly all within the space of a nanosecond. And yet, it is like a high none other. I have experienced it in others. And quietly, I have lived it for over six years. Here are some lessons I learned from my journey.
Editor’s Note: This is a guest post by Mark Suster (@msuster), a 2x entrepreneur, now VC at GRP Partners. Read more about Suster at Bothsidesofthetable Blogs. We all read them to get a sense of what is going on in the world, peeling back layers of the old world in which media was too scripted.
This story appears in the March 2, 2015 issue of Forbes. Subscribe The majestic Senate majority leader suite in the U.S.
Visit a startup’s website, and you’ll eventually drift towards a few standard links, from About to Team to Contact. But among those options, appearing on almost every site, is one link that simply doesn’t belong with the rest: “Blog.”
How big is your SaaS startup’s sales pipeline? How big does it need to be to achieve next month’s bookings target? What is the ratio of the sales pipeline to bookings? What should it be?
Yesterday I asked a prominent VC a question: "Why is it that, despite the fact that so many successful startup ideas come from academic research, on the investment side there doesn't seem to be anyone vetting companies on the basis of whether or not what they're doing is consistent with the relevan
When we launched GrowthHackers.com back in late September we had a notion of doing “growth teardowns” of the fastest growing startups.
In his new book, Smart People Should Build Things (HarperBusiness, 2014), the "recovering lawyer" and founder of Venture for America Andrew Yang offers up his opinion on how our country can rectify our current economic problems – have smart people build things.
I don’t know if you ever experienced a eureka moment – a second when everything comes together and an amazing idea pops into your head.
Most entrepreneurs dream about building the next big billion-dollar company. After all, who doesn’t want to be the next Steve Jobs or Mark Zuckerberg? It’s a fair aspiration, but oftentimes, the Apple, Google, and Facebook-shaped stars in their eyes end up clouding their vision.
This post originally ran on TechCrunch. Blogs. We all read them to get a sense of what is going on in the world, peeling back layers of the old world in which media was too scripted. By definition, you read blogs.
I was at a dinner recently in Chicago and the table discussion was about building great companies outside of Silicon Valley.
David Maynard is a 65-year-old Android engineering manager at Box who still codes every day. "It's not always easy," he says. "Sometimes I have to leave a company when I get promoted to the stage when I can't code anymore."
When people hurt themselves lifting heavy things, it's usually because they try to lift with their back. The right way to lift heavy things is to let your legs do the work. Inexperienced founders make the same mistake when trying to convince investors. They try to convince with their pitch.
There is also a special group of resellers that I’d like to cover separately. Apple’s App Store, Google Play marketplace, Salesforce App Exchange, and your mobile carrier belong to this group. They are “one-to-many” resellers you can be selling through.
In late July, news broke that Flud, the social news reader for iOS, Android and Windows Phone, was headed to the deadpool. Startup failure is an all-too familiar, even cliche, story in Silicon Valley.
Startups have always been hard. Even when you think you are putting in your best, it may not be enough to pull it off. Truthfully, most people fail. But don't give up on your dream just yet.
There is an unspoken rule: to launch a startup, you need to build a product, and to do that you need someone that can write code.
A lot of people are good at what they do. Some are even elite. A select few are completely unstoppable. Those who are unstoppable are in their own world. They don’t compete with anyone but themselves. You never know what they will do — only that you will be forced to respond.
Editor’s note: Rhett Morris is the director of Endeavor Insight, the research arm of Endeavor, a nonprofit that supports more than 900 entrepreneurs in 20 countries. He edits a blog and monthly newsletter on entrepreneurship ecosystems here.
The art of entrepreneurship and the science of Customer Development is not just getting out of the building and listening to prospective customers. It’s understanding who to listen to and why. Five Cups of Coffee I got a call from Satish, one of my ex-students last week.
The world where if you don’t get to CAC < LTV VERY quickly you need to move on. In fact, that’s the reason most startups die and the reason why most direct response marketing campaigns die even faster.
Dealing almost exclusively with first time startup founders, we tackle the following question with nearly all of our CEOs: How much equity should they give to the employees?
Editor’s note: Carol Broadbent and Tom Hogan are the founders and principals of Crowded Ocean, a Silicon Valley marketing agency that has launched over 35 startups, with 10 of those companies being either acquired or going public.
No one enjoys hearing it, but three out of four startups will fail before they ever get to market. Yes, even the greatest ideas are still susceptible to ending up in the trash.
There has been discussion from the venture capitalist angle on the failings of mobile consumer companies, including posts by Fred Wilson and Om Malik. I wanted to share my perspective, having been the co-founder of a mobile-first startup . We’ve raised $3.
The Israeli start-up scene is saturated with newcomers fighting for a spot in the limelight. The following 10 companies have passed some key hurdles and challenges that make them an interesting watch for investors and consumers around the world.
The following is an excerpt from HBS Professor Noam Wasserman’s new book, The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup. Noam is one of a rare breed of business academics: he studies entrepreneurship using a rigorous empirical approach.
Over the past several months I have been having a lot of conversations with non-technical folks who want to start, or are starting a company. I’m drawn to these conversations for the difference in perspective.
If you’ve been reading this blog much, you know I’m something of a contrarian. One of Moz’s core values is, in fact, to be the exception to the rule, and a big part of that comes from my personal ethos of going against the grain.
A hypothetical startup will get about $15,000 from family and friends, about $200,000 from an angel investor three months later, and about $2 Million from a VC another six months later. If all goes well. See how funding works in this infographic:
Betaworks, the New York-based startup factory founded in 2007, is having a good run.
This is the second article in our new series with advice on building a business, company culture and life-hacking from Joel, CEO here at Buffer. You can grab all posts here. Recently 37signals published an article titled Some advice from Jeff Bezos.