Kennedy/Johnson — Nantucket, MA.
The advice, wisdom and stories told by John Doerr is perfect not only for entrepreneurs and startups but for leaders in general as well. Grab some popcorn and enjoy!
—courtesy of PandoDaily
With Memorial Day fast approaching everyone is finalizing their plans for the upcoming holiday weekend. Discussions around the water cooler range from what type of meat their grilling to the big ‘sale’ at their favorite retail outlet. What’s not being discussed is what this weekend is really all about.
However one non-profit has not forgotten and that’s the Memorial Day Foundation. This small, Brooklyn, NY based foundation’s mission is to increase awareness and respect for Memorial Day through a public display of remembrance. That remembrance is placing bouquets on all the War Memorials in Washington, D.C. This beautiful and dignified “Thank You” floral bouquet pays tribute to those who fought and died for us. What a great way to honor these men and women!
So before taking part in this commercialized holiday, remember those who’ve gone before us and consider donating $15 for a bouquet to honor our nation’s war heroes.
When you have a small and lean team the relationships and admiration for each other is inevitable. However when one of those team members is let go, what can be done to prevent it from destroying your startup culture?
Here are a few items to keep in mind:
1. Transparency: Be upfront with the rest of the team and let them know why the decision was made and be willing to answer the tough question of why?
2. Plan for moving forward: Communicate this to the rest of the team and let them know who’s going to support our clients, make the sales call, finish coding the product; although each is dependent upon the position you must have a plan to move forward and relay to them how bright the future looks!
3. Be Positive: The next few days at the office might seem weird without he/she around. Don’t let that effect the rest of the team. You must go out of your way to be upbeat and stay positive!!
4. Trust: Regardless of weather you agree with the decision or not, you must trust that the founder made the right decision for the company. If you do that you’ll be able to move forward quicker. If not then you might not have enough trust in your founder and you yourself may need to be looking for a position elsewhere.
If you never want to be criticized... -
“If you never want to be criticized, for goodness sake don’t do anything new.” —Jeff Bezos, at re: Invent Conference. November, 2012
Inventing something new isn’t easy. Be it a company, a product, or even just a theory, getting the idea right… designing it, building it, testing it,…
Sleep on it -
We all have our warts.
Mine is the desire to make decisions quickly. Probably it comes from my days in startups where time is a luxury and a decision needs to be made.
Or its just my personality.
It’s an area where I’ve been making steady improvements over the years. But sometimes the old…
We had the conversation this week of why do angels and VC’s invest in certain companies. Although there are many reasons why (including product and market) the one that kept on surfacing was because of either the founder or the founding team members.
I first realized the importance of this several years ago after reading Howard Schultz’s book "Pour Your Heart Into It". Howard chronicles the challenges of raising capital for ll Giornale and tells how their first outside investor was a physician who wasn’t sold on the idea of bringing the Italian coffee bar to America. However he did believe in Howard’s drive and vision which is why he invested $100,000 into the company and when II Giornale turned into Starbucks his return was $10 million after the IPO. You can have the best product in the world with a wide open market but if you don’t have the right team you’re going to fail.
I’ve experienced first hand both ends of the spectrum in my dealings with startups. I’ve been part of a company which had a great product and a wide open market however the team was not right and thus failed. I’m on the opposite end of that now and feel extremely fortunate to be part of a current startup team that from my perspective has all the right ingredients (product, niche market and the right founding team members).