Entrepreneurship

Invention: On starting a business with Tim Ferriss

"Indiscriminate action is reflective of too little thinking and planning, and THAT is lazy."

Piotr Wajda: Interns need real tasks

"Are you assigning a separate project for your intern? You’re doing it wrong!"

Piotr Wajda: A good manager will be thankful that you show your professionalism to a broader audience

"You may consider being more visible in your organization. A good manager will be thankful that you show your professionalism to a broader audience. It gives him precious data to help you achieve your financial goals."

Entrepreneurship

Your organization should have a "NO man"

"He was probably the most valuable member of the team because he was respected enough that his objections kept the project focused and on scope, and it was a 20% project for him."

Entrepreneurship

"The more metrics you track, the less you know"

"I look at revenue, when the line goes up I'm happy""

Entrepreneurship

A person is not a "resource"

"I'm not a fan of dehumanizing staff and referring to them simply as 'resources'."

Entrepreneurship

Domain names

Short .com domains, searchable.

Entrepreneurship

One in-person meeting, then remote

One in-person meeting at the start, then continuing remotely.

Entrepreneurship

Lessons from John O'Nolan

Compounding growth works Our first $1M in ARR took 5 years. The next $1M of ARR took 1 year and 9 months. We're on track for the next $1M to take 8 months. Compounding growth really works as long as you stick around for

Entrepreneurship

1 sysadmin for the first 5 years

For first 5 years we had only 1 sysadmin running all of Ghost(Pro) - with 600million requests for many of the largest sites in the world, see: https://ghost.org/customers/ This obscene ratio only possible thanks to @digitalocean & their amazing product

Entrepreneurship

5-second feedback

Mike Crittenden highlights that in a book titled "The Effective Manager" it is stated you only need 5 to 15 seconds to deliver effective feedback. Here are the 4 steps: Ask (“Can I give you some feedback?”) State the behavior (“When you

Entrepreneurship

Geoff Ralston: Starting a startup is the hardest, most rewarding thing you can do in your professional career.

YC Future Founders Track is off into Week 1! Read the welcoming message from the YC president Geoff Ralston.

Entrepreneurship

SheetJS: Doing support work for the open source libraries is: not particularly interesting, time consuming, and uncompensated.

If there's any regret, it's probably the amount of time spent doing support work for the open source libraries. It's not particularly interesting (usually pertaining to something in the README), time consuming (everyone seems to have their own secret project that they don't want

Entrepreneurship

Arjun V.: It is super valuable for a startup to get immediate feedback.

It [is] super valuable for a startup to get immedeate feedback. Especially valuable has been knowing - the first things the notice when they start using: where is sort? how do i add team members? do i have to prepay? - feature requests: it's

Entrepreneurship

Lyn Alden: We’re coming down from the apex of, and currently within the lengthy resolution process of, a long-term debt cycle.

Historically speaking, we’re coming down from the apex of, and currently within the lengthy resolution process of, a long-term debt cycle, which refers to a multi-decade peak in public and private debts relative to the size of the economy and money supply. Source:

Entrepreneurship

Paul Graham: The big danger is that you'll dismiss your startup yourself. I've seen it happen.

It's harmless if reporters and know-it-alls dismiss your startup. They always get things wrong. It's even ok if investors dismiss your startup; they'll change their minds when they see growth. The big danger is that you'll dismiss your startup yourself. I've seen it happen.