VV Show #36 - Venture Voice Startup Workshop Coverage (part 1)
If there are best practices in entrepreneurship, you’ll hear the secrets to them in this coverage of the first half of the recent Venture Voice Startup Workshop in New York City. If there are in fact no best practices for entrepreneurs, then you’ll at least enjoy the heated discussion about how entrepreneurs should navigate the startup seas. These passionate speakers fielded a day’s worth of questions and opinions from Venture Voice, each other and the spirited audience. The results are distilled ideas about what it takes to win in business, great war stories and even a few laughs.
3:00 Topic: Partnerships
- Jeanne Sullivan: “I’ve had an e-mail address since 1980.”
- David Hornik: “I hate my partners.”
- JS: “I believe the CEO is the most important person on the team.”
- Dick Costolo: “A lot of people refer to these ‘Barney partnerships’, where you just agree to like each other, write each other down as partners, and hug.”
- Scott Heiferman: “One general rule is to not have rules.”
- SH: “Don’t necessarily listen to panels like this if they give you a general rule.”
- DH: “Never do deals that your venture capitalists tell you to do.”
- DC: “Google could build a space station if they wanted to. Of course they could build FeedBurner.”
20:20 Topic: Getting and keeping customers and users
- SH: “If there’s one message to get across to help you focus your thinking and what it is you’re doing, it is the basic understanding that people are confused.”
- SH: “People are not waking up in the morning and saying ‘I want to generate content today.’”
29:45 Topic: Building a team
- DC: “You can’t have a big circle at the top with three randomly floating folks unless you’re Google.”
- DC: “Sell the hardship… If you’re working for a startup: Sucky hours, low pay, with potentially no benefit.”
- DC: “You pay ten times over for bad hires.”
- JS: “I’ve become really good at firing.”
- DC: “Having the open space is great for team building.”
Hear from the rest of the speakers in part 2 of this series, coming soon.
View photos from the event.
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Great episode Greg. Thanks for putting it together.
Posted by: Michael Geoghegan at July 26, 2006 4:13 AM
Oh...my...god.... That is one HORRIBLE picture of me!
Posted by: Dan Koifman at September 9, 2006 2:34 AM
Guys, Thanks for that. Informative, entertaining, and very well timed for me personally... Highlighted some mistakes we have already made, helped us to reconsider our options, and hopefully saved us from other mistakes...
Posted by: Mike Mcgrath at November 23, 2006 2:35 AM
thank you for putting this panel together. it was very enlightening for someone attempting to put a team together from scratch.
p.s. i'm really enjoying venturevoice. it's a great resource for those of us energetically attempting to start our own personal entrepreneurial crusade....and not quite knowing where to start!
Posted by: pumper at November 29, 2006 1:37 PM
I am also a part of a fresh start up in New Delhi, India. It was an enriching session and it did make quite a bit of sense to me. I wonder how can all the start ups face similar problems? or rather similar situations?
Anyways.. thanks a ton organizers
Thanks and Best
Posted by: Rahul Goyal at November 10, 2008 6:14 AM