According to psychological research, the anticipation of an event is almost always more emotionally powerful than the event itself. The dread of asking your boss for a raise is paralyzing and can last months. Yet, once you get yourself to finally do it, it’s over before you know it.
Anyone who has started a business has his or her own rules and guidelines, so I thought I would add to the memo with my own. My "rules" below aren't just for those founding the companies, but for those who are considering going to work for them, as well. 1.
One year ago, I left San Francisco, sold and gave away everything I owned, and moved into a 40-liter backpack. And my total costs were less than just the rent in San Francisco.
The concept of starting a business without a plan would send anyone running -- and for good reason. Every great business begins with a plan that outlines measurable goals and the methods for achieving them. Plans, done correctly, can be a great roadmap.
Do you know what Steve Jobs, John D. Rockefeller, Amelia Earhart, and Ulysses S. Grant have in common? They each possessed the talent of turning obstacles into opportunities drawn from the Stoic ideologies of Roman Emperor, Marcus Aurelius.
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.
Hey there, I’m glad we’re watching CNBC together. Don’t those Silicon Valley entrepreneurs look awful young? Especially that main one ringing the NASDAQ bell, with the spiky hair and shifty eyes? Interesting he chose to wear a hooded sweatshirt on the day he became a billionaire.
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.
It’s been 6 months now since I moved from Amsterdam to Asia to work remotely. I chose Thailand for its low-cost of living and safety.
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.
Y Combinator has now funded 564 startups including the current batch, which has 53. The total valuation of the 287 that have valuations (either by raising an equity round, getting acquired, or dying) is about $11.7 billion, and the 511 prior to the current batch have collectively raised about $1.
(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.
I’ve been running Treehouse since August 2010 from my home in the United Kingdom. We started with just three people (me, Nick Pettit and Jim Hoskins) and now we’re about to hit 40 full-time employees.
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.
The day before he turned 27, Nate Weiner drove from San Francisco to Mountain View for the most important meeting of his life.
When joined Facebook, the company already had 400 employees, but there was no official performance or compensation system in place. There had been attempts, but nothing stuck. The result: Very little transparency, a lot of one-off compensation decisions, frustration and confusion.
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.
Ever since becoming an official entreprenuer, I have been attending entrepreneurial events. I have attended and joined 1000's of different organizations. There are many out there that I personally haven't gotten anything out of.
Once a startup raises their seed round, more often than not I see a team slipping into trouble after just a week. The founders may have just banked a year’s worth of runway, it doesn’t matter. I already know the startup is going to die.
Yes, we were accepted into one of the nation’s most prestigious accelerator programs and turned them down. So are we crazy? I’m sure there are those of you out there that think we are nuts for turning this opportunity down. That’s fine and you may be right.
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.
I’ve prepared a list of 300 web resources that are not only awesome, but free to use. if I am missing any other useful resource! This post is part of our contributor series. The views expressed are the author's own and not necessarily shared by TNW.
One of the more surprising things I've noticed while working on Y Combinator is how frightening the most ambitious startup ideas are. In this essay I'm going to demonstrate this phenomenon by describing some. Any one of them could make you a billionaire.
How would you measure the value of a company? Especially, a company that you started a month ago – how do you determine startup valuation? That is the question you will be asking yourself when you look for money for your company. Let’s lay down the basics.
JESSICA LIVINGSTON: The most important thing an early-stage startup should know about marketing is rather counterintuitive: that you probably shouldn’t be doing anything you’d use the term “marketing” to describe. Sales and marketing are two ends of a continuum.
A bunch of companies I’m involved in have gone for seed funding in the last few months. After one of them asked for the ultra-warrior-l33t-skillz, I thought I’d put this post up and break it down. If any of you are raising your first startup or seed money, this is a must read.
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.
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.
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.
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.
October 2010 (I wrote this for Forbes, who asked me to write something about the qualities we look for in founders. In print they had to cut the last item because they didn't have room.) 1. Determination This has turned out to be the most important quality in startup founders.
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...
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.
An investor wants to give you money for a certain percentage of your startup. Should you take it? You're about to hire your first employee. How much stock should you give him? These are some of the hardest questions founders face. And yet both have the same answer:
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.
Between the parade of wet suits and abundant seafood and yoga joints, Manhattan Beach, just south of Los Angeles, tries to cling fast to its surf town roots. It’s a tough battle.
A decade ago, the PayPal Mafia played a major role in revitalizing the tech industry in Silicon Valley. The story behind this group of leaders proves that their success is more than just luck. The "PayPal Mafia" is no mafia at all. It's a diaspora.
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.
We analyzed 101+ startup failure post-mortems to identify the top reasons startups fail. Here they are. We dug into our compilation of startup failure post-mortems (currently 101 and growing) and analyzed each one to understand the reason(s) for startup failure.
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.
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.
On Friday, Oct. 11, 2013, Fab CEO Jason Goldberg gathered a dozen executives in the eighth-floor conference room of the company's New York City headquarters. When the executives filed in, they were handed a five-page document.
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.
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.
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 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.
In 2008, my study partner Hernán Amiune and I had finished studying computer engineering at Catholic University of Córdoba Argentina. During our last years at university, we had done some internships in companies such as HP, IBM, and Intel.
When it was first invented, I can imagine that the press release was an incredibly powerful tool. Write a single document, fire it off to the largest media outlets, and boom—instant press coverage.
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.
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.
One of the most common types of advice we give at Y Combinator is to do things that don't scale. A lot of would-be founders believe that startups either take off or don't. You build something, make it available, and if you've made a better mousetrap, people beat a path to your door as promised.
There are already very good lists of startup lessons written by really talented, experienced people (here and here). I’d like to add another one. I learned these lessons the hard way in the past four years. If you’re starting a company, I hope you have an easier path.
Becoming an entrepreneur is like stepping onto the most intimidating roller-coaster in the world. There are ups, there are downs and there are unexpected turns. Sometimes you feel a little sick afterwards and sometimes you’re just inexplicably happy.
One day last month, the seven employees of Everpix gathered at their co-working space in San Francisco to discuss the company's impending shutdown.
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.
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.
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.
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?
In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.
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.
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.