https://newsletter.smallbets.co/p/why-you-shouldnt-join-y-combinator, posted 15 Oct by peter in business entrepreneurship opinion
One of the bad learnings you get from YC is that there’s a formula for success, and it looks like this: First you do some brainstorming. Then you come up with a good idea that can scale to a billion dollars (otherwise what’s the point of getting out of bed in the morning?) Then you work hard until you find “product-market-fit.” And then if the noises from investors indicate you won’t be getting a next round of funding, you start looking for a “pivot.”
This so-called formula is nonsense. First, good ideas rarely come to us from a brainstorming session. They come from wandering about with an open mind until we stumble on an opportunity worth pursuing. Most of your ideas will be bad ideas, because unfortunately you’re not a genius visionary. So the best way to find good ideas is to have many ideas, try them out, take what works, and throw away the rest. But this is not what YC wants you to do. YC wants you to pick an idea that has market pull (or the potential for it), and to then dig a hole in the same spot until you reach the boiling magma. Because what if you stop digging just before you strike gold? When you’re cheap and expendable, that’s not an optimal strategy for the YC fund. You must go all in. Diversification is for your YC overlords, not for you.
I spent some months following BTS and Blackpink and others, butchering my algorithmic recommendations in the process, and concluded that there are four key things all K-pop bands do to cultivate their fandoms. I’ll describe each below, along with examples of how founders and execs can modify these tactics to build passion for a product, brand, or mission. No dancing required.
https://www.di.se/hallbart-naringsliv/toyotabackad-start-up-gor-vodka-av-koldioxid/, posted May '22 by peter in drink entrepreneurship environment inswedish
”Vi arbetar med partners som fångar in koldioxiden innan den släpps ut i atmosfären. Vi använder det sedan i vår process för att framställa alkohol”, säger Gregory Constantine, vd och medgrundare för Air Company, till CNBC.
I was under a common engineer misapprehension that BFE [Big Freaking Enterprise] sales requires playing golf, inviting clients to steak dinners, and having budgets beyond to reach of small businesses. This is not 100% true: you can hack the BFE procurement process to your advantage. Let's dig into how.
Almost every change Yabe-san introduced risked decreased efficiency and quality of service in the short term. Having the cleaners distracted from their jobs by talking with passengers, decreasing measurement and oversight. Even making the cleaning crews more visible to the customers went against the hospitality and travel best practices which hold that this kind of work is to take place out of sight and all friction for the customer is to be removed.
But everything Yabe-san did increased the possibilities for human connection. Not the usual, scripted staff-customer communication or the usual manager-staff meetings, but inefficient, unnecessary communication not directly related to completing the task at hand.
Rather than managing for control and compliance, he was managing for transparency and connection.
Internally this not only resulted in a skyrocketing of morale but an outpouring of creative ideas. The Tessei staff not only came up with innovations that improved their own jobs, but helped design the shape of the bins on the new Hokuriku Shinkansen Line, and they came up with the idea for the nursery and baby areas in Tokyo Station.
And, of course, it was this feeling of human connection that resulted in passengers cleaning up after themselves because they did not want to create extra work for someone they had just seen working so hard.
It led to people realizing that we are all on this train together. Yes, it eventually made processes more efficient and less expensive, but more importantly, it actually made life a little bit better for everyone involved.
Avoiding hassle is especially important for a bootstrapped company. As discussed in my previous post about the spiderweb entrepreneur, in the early stages of bootstrapping, nothing happens unless YOU do it, so it’s incredibly important to conserve your time and energy.
Ifyou want to absolutely minimize hassle as you run your software business, you can stick to each one of these rules, which I present in no particular order:
The joke is that brewing is 90% cleaning and 10% paperwork. Except that it's not a joke at all. It's just how brewery life is.
Why has the “Made in Germany” brand thrived over the last 15 or so years, even as “Made in Japan” grinds toward irrelevance? All the more extraordinary, Germany has flourished in a savagely competitive global environment despite high labor costs, an overvalued euro and any number of regional financial crises. Its secret: adapting and innovating in ways Japan Inc. cannot even seem to contemplate.
"The commonly held belief that entrepreneurs are young college students working out of their dorms is simply wrong," says study author Vivek Wadhwa of Duke University's Center for Entrepreneurship and Research Commercialization. "People typically come to a stage where they're tired of working for other people. They think, 'I'm 40 and I haven't made it big yet. This is my last chance.' That really spurs the entrepreneurial spirit."
https://speakerdeck.com/giladvdn/ten-things-about-being-a-founder-i-wish-i-knew-two-years-ago?utm_source=buffer&utm_campaign=Buffer&utm_content=buffer1015c&utm_medium=twitter, posted 2013 by peter in business entrepreneurship inspiration list opinion startup
Ten tips and concepts that I personally value very much about being a startup founder, managing a team and a product.