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Founder to CEO: How to build a great company from the ground up

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Re: Founder to CEO: How to build a great company from the ground up

#121
post #85

Earlier quoted context omitted.

Because in the current market you can get yourself a better lifestyle burning through VC cash than by trying to get that cash from the paying customers.

I thought the expectation was for VC funded CEOs to take low salaries. How often do they sell equity in fundraising rounds and/or take decent salaries (500k+)?

I think they are encouraged to in later rounds by some VCs: https://bothsidesofthetable.com/should-founders-be-allowed-t...

Re: Founder to CEO: How to build a great company from the ground up

#122
post #112
post #83

Earlier quoted context omitted.

Why is everyone disliking this statement about 8-10 hours a day? Excluding weekends, this is 40-50 hours a week, nothing outrageous. You're not that special folks, you have to work to get paid like everyone else.

Once again this reminds me how Basecamp was build in 10 hours a week . https://twitter.com/dhh/status/870596974428508160

Basecamp was built 14 years ago. There was less competition and 37S a massive marketing channel. No disrespect to them but it was a different world.

Re: Founder to CEO: How to build a great company from the ground up

#123

An interesting article; i was reading the replies to this. So here is my take. A UK 40++ entrepreneur. I have been there and done that - made good £££ from the first boom in 2000. Since then tried a couple of startups all of which failed, for one reason or another. Sadly we did burn through quite a lot of investor £££ in the process and gained no personal value other than experience. What I think I have learned is th…

I'm 20 years old and have a web and design agency with a co-founder and currently two employees (+ flexible workers). I can relate.

When I was younger (I know how this sounds) I read "The Lean Startup" and drank the Koolaid. I was feeling like a failure because I wasn't building the next big thing (tm) although I had an IQ of 152 and wrote code since ages. I think that some aspects of the startup bubble can be seriously bad for mental health. I've learned to accept myself and the world and cut the bullshit and "will to power"-esque thinking. Sometimes I still have feelings of unmet potential, but fortunately I now understand that a fast-growing startup is one of many solutions (and sometimes not even a solution at all). I can now learn to allow myself to find peace.

Re: Founder to CEO: How to build a great company from the ground up

#124

Earlier quoted context omitted.

I've taken to waking up at 6 to get a couple of hours of solid "brain work" before I start the day

I think this is an important comment. I used to be a late night worker but family and other commitments has made that impossible. I wake at 5AM to get a few solid hours of brain work in before the family stirs. This has been the best approach to retaining the 'late night work hours' and balancing family.

It really depends on the individual. My kids wake up between 5 and 6 and some weekends I might just tap away on my laptop while I sit in the front room with them with cartoons on (they're still too young to get up unsupervised).

However despite a few years of this routine I still find myself more productive at night than I am in the morning (or even during the day, unfortunately).

Re: Founder to CEO: How to build a great company from the ground up

#125
post #114

Earlier quoted context omitted.

American work culture, always trying to please the boss.

As I’ve heard very similar anecdotes from friends and coworkers all around the world, I’m going to offer an alternative phrasing: > Modern work culture, always trying to please the boss.

I think you can skip the bits about work, and modern:

> Culture: always trying to please the boss.

Re: Founder to CEO: How to build a great company from the ground up

#126

Requiring proposals and updates written down is a good idea. If you allow people to bring up an issue or proposal that they have not already written up in the meeting, someone always comes up with idea on the spot, and tries argue it as something well thought. If they are clever people they can throw the whole meeting off. For the loudest voice in the room problem, speaking order that starts from the most junior and…

The Jewish Sanhedrin used it 2000-3000 years ago, starting from the most junior people.

Re: Founder to CEO: How to build a great company from the ground up

#127
post #112

Earlier quoted context omitted.

Once again this reminds me how Basecamp was build in 10 hours a week . https://twitter.com/dhh/status/870596974428508160

Basecamp was built 14 years ago. There was less competition and 37S a massive marketing channel. No disrespect to them but it was a different world.

They still executed in their environment and leveraged all they had built.

Re: Founder to CEO: How to build a great company from the ground up

#129

Earlier quoted context omitted.

Steve Blank has an awesome anecdote on this: https://steveblank.com/2016/09/07/working-hard-is-not-the-sa... "Our team knows this isn’t a 9-5 company. We stay as long as it takes to get the job done." “Let’s just wait across the street from your company’s parking lot and watch the front door." "a first trickle of employees left. I asked, “Are these your VPs and senior managers?” He nodded looking surprised and kept w…

American work culture, always trying to please the boss.

This is not an American culture. This is the nature of a human being.
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