18 Aug 2010

Hacker Education

Here are a few interesting posts I read yesterday:

Good Practices For Rich Web Applications
Nothing new here, but it's always helpful to be reminded about Javascript and CSS best practices.  I bend these "rules" a lot, admittedly.

Technical Cofounders Are A Myth
I can certainly sympathize with Mr. Pope's experiences.  Developers who deliver a half-assed product make us all look bad.  I have had a hard time getting consulting work in the past because the client was burnt by another developer or shop, and is now hesitant to sign a $150K contract for us to build their dream.  This happened to Perplexed Labs a year ago.  We tried to work out an arrangement where we'd deliver a working prototype within a few weeks, for a small fee, to prove we were trustworthy and easy to work with, but it never even got to the contract phase.

On the other hand, in the case of a developer (me) joining a company to build the dream, I would not work for straight equity.  I would (and have, and am) work for a mix of cash + equity, even if the amount paid to me was far less than I'd make if I was straight consulting. But never for just equity.  My family time, and personal time for that matter, are too important to give away for nothing guaranteed in return.  If I am paid regularly I can at least justify all the hours I spend hacking, to my family and to myself.  Perhaps if I were single I would think differently about the matter, but I'm not, so I don't.

Business Cofounders Are A Dime A Dozen
Right on, man.  Many people have great ideas.  But how many back up their words with actions?  Not many.  This is another reason why I like being paid: it keeps everyone honest.  I work, you pay me.  You're paying me, so I assume you will work hard too, to work and build the business enough to keep paying me.

I am blessed to be working with a business partner who not only has uncommon business instincts, but is a hard worker and committed to building a long term, sustainable business.  It took a long time to find him.

Finding Technical Cofounders Is Hard
This is a good exposition of the above.

Hackers and Hustlers
This is one of my favorite blog posts of all time. 

20 Jul 2010

Everything I learned in business I learned from these 3 charts

The counterpoint to all of this is that linearity is the enemy in any business. You don’t want a sales model that is linear forever (each new sale takes as much effort as the last one) – and you don’t want a support model that is linear (I need a new customer support rep for every 10 customers).

20 Jul 2010

Hack N’ Hustle – The Developer’s Business Mantra

Your product is only a tool which lets users become awesome, don’t be engulfed by the product’s awesomeness, however awesome it may be. So while you should hack your way to a great product, you should hustle your way to getting customers and users – and that is what makes a business successful.

28 Jun 2010

Why did so many successful entrepreneurs and startups come out of PayPal?

Refusal to accept constraints, external or internal:We were expected to pursue our #1 priority with extreme dispatch (NOW) and vigor. To borrow an apt phrase, employees were expected to “come to work every day willing to be fired, to circumvent any order aimed at stopping your dream.

17 Jun 2010

Spencer Fry — Freemium Model

17 Jun 2010

A VC: Parting Ways With A Founding Team Member

I believe that how you handle a person's departure has more impact on morale than the departure itself, particularly if the remaining team understands why the departure is necessary. So being generous financially and in your communications and taking the time to clearly explain the departure to the team are both critical in building and maintaining morale and making your company a great place to work.

4 Jun 2010

EasyBroker Says Adios to Freemium

One major error that I made at the beginning was assuming we weren’t good enough to charge for our product which I’m finding is a very common problem with tech CEOs (more often it’s the “not good enough to launch syndrome”). Generally it’s not true and thinking that way can be a very expensive mistake if you start to spend time and development on tasks that will ultimately hurt your bottom line or in worse case encourage you to use a business model that isn’t right for your business.

After one year of experimenting with the Freemium business model we’ve decided that it’s not the right one for us. I like the Freemium model and I think it’s great for some businesses but If you have to spend money on your free users or you have to disable features in order to entice them to upgrade as opposed to offering more of something that is very well known and tangible such as disk space, I think the Freemium model might not be the right choice.

Wisdom.

4 Jun 2010

Steve Jobs and Steve Ballmer

4 Jun 2010

A Tale of Two CEOs

28 May 2010

Tesla’s Elon Musk: “I ran out of cash”

Elon Musk has been living off personal loans from friends since October 2009 and spending $200,000 a month while making far less.

Eric Farkas's Posterous


"Don't panic."