Startup Stock Options – Why a Good Deal Has Gone Bad
A version of this article first appeared in the Harvard Business Review VC’s have just changed the ~50-year old social contract with startup employees. In doing so they may have removed one o…
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A version of this article first appeared in the Harvard Business Review VC’s have just changed the ~50-year old social contract with startup employees. In doing so they may have removed one o…
Sometimes financial decisions that are seemingly rational on their face can precipitate mass exodus of your best engineers. We Hired the CFO Last week as a favor to a friend, I sat in on a board me…
A version of this article first appeared in the Harvard Business Review Reading the NY Times article “Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture,” I realized it was time for …
If you asked me why I gravitated to startups rather than work in a large company I would have answered at various times: “I want to be my own boss.” “I love risk.” “I want flexible work hours.” “I …
What happens to a company when a visionary CEO is gone? Most often innovation dies and the company coasts for years on momentum and its brand. Rarely does it regain its former glory. Here’s why. Mi…
At $5.2-billion Iridium was one of the largest, boldest and audacious startup bets ever made. Conceived in 1987 by Motorola and spun out in 1990 as a separate company, Iridium planned to build a mo…
This article previously appeared in the Harvard Business Review. It’s been updated with new information about the U.S. Paycheck Protection program and the Economic Injury Disaster Loan progra…
The benefits of customer and agile development and minimum features set are continuous customer feedback, rapid iteration and little wasted code. But over time if developers aren’t careful, code wr…
We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energi…
At times VC’s forget who their business is built on. Nice Car Last week in a car showroom of all places I ran into a VC who I hadn’t seen in ten years. He had sat on the board of my last company an…
Your Startup Is Probably Dead On Arrival If you started a company more than two years ago, it’s likely that many of your assumptions are no longer true. You need to stop coding, building, recruitin…
In my 21 years of startups, I had my ideas “stolen” twice. See part one for the first time it happened. This time it was serious. As a reminder, this post is not legal advice, it’s not even advice.…
The young do not know enough to be prudent, and therefore they attempt the impossible – and achieve it, generation after generation. Pearl S. Buck Ask people what makes entrepreneurs successf…
I had coffee with an ex student earlier in the week that reminded me yet again why startups burn through so many early VP’s. And after 30 years of Venture investing we still have a hard time …
It took losing something important to understand the difference between a commodity and an opportunity. Along the way I also learned yet another way entrepreneurs see the world differently from the…
This post previously appeared on the readwrite blog. A CEO running a B-to-B startup in needs to live in the city where their business is – or else they’ll never scale. I was having breakfast…
A minimum viable product (MVP) is not always a smaller/cheaper version of your final product. Defining the goal for a MVP can save you tons of time, money and grief. Drones over the Heartland I ran…
In April 2010 I received an email that said, “I’m an incoming Stanford student in the fall and working on a project that a number of people suggested I get in touch with you about.̶…
I was catching up over coffee and a muffin with a student I hadn’t seen for years who’s now CEO of his own struggling startup. As I listened to him present the problems of matching lithium-ion bat…
Never mistake motion for action. -Ernest Hemingway One of an entrepreneur’s greatest strengths is their relentless pursuit of a goal. But few realize how this differs from most of the population. W…
How did you go bankrupt?” Two ways. Gradually, then suddenly.” Ernest Hemingway, The Sun Also Rises Every disruptive technology since the fire and the wheel have forced leaders to adapt or di…
For the next few months I’ll be posting a series of posts on family, startup culture and careers. These vignettes are about how I’ve lived my life trying to make my dent in the universe and trying …
For its first few decades Silicon Valley was content flying under the radar of Washington politics. It wasn’t until Fairchild and Intel were almost bankrupted by Japanese semiconductor manufacturer…
Some of the most important business lessons are learned in the most unlikely ways. At Ardent I learned many of them with a sharp smack on the side of the head from a brilliant but abusive boss. Not…
In a rapidly changing world those who copy the past have doomed their future. When companies or agencies search for disruptive and innovative strategies they often assemble a panel of experts to ad…
When It’s Darkest Men See the Stars Ralph Waldo Emerson This Thanksgiving it might seem that there’s a lot less to be thankful for. One out of ten of Americans is out of work. The common wisdom say…
A journey of a thousand miles begins with a single step Lǎozi 老子 I just had lunch with Shenwei, one of my ex-students who had just taken a job in a mid-sized consulting firm. After a bit of catch…
If you’re a visiting dignitary whose country has a Gross National Product equal to or greater than the State of California, your visit to Silicon Valley consists of a lunch/dinner with some combina…
I’m posting a series of articles on family, startup culture and careers. These vignettes are about how I’ve lived my life trying to make a dent in the universe. Hoping they’ll give you a point of v…
Over the last 40 years the U.S. has evolved an entrepreneurial ecosystem with two of the most unlikely partners – venture capital investors and technology entrepreneurs. This alliance has led to an…