Sunday, November 7, 2010 , Posted by Johnny Fuery at 1:15 AM
I just read this twice.
A few parts I found particularly compelling:
What matters is not ideas, but the people who have them. Good people can fix bad ideas, but good ideas can't save bad people.There's a great line right before this about how a VC will tell you to piss off if you ask them to sign an NDA. The inconvenience of signing the damn thing is worth more to them than your stupid idea.
The only way to make something customers want is to get a prototype in front of them and refine it based on their reactions.Ohhhh, so spending a year in "stealth mode" isn't actually the way to go? Whew.
To make something users love, you have to understand them. And the bigger you are, the harder that is. So I say "get big slow." The slower you burn through your funding, the more time you have to learn.Amen.
The most important way to not spend money is by not hiring people. I may be an extremist, but I think hiring people is the worst thing a company can do.Funny how I just posted a craigslist ad looking for more help.
As with office space, the number of your employees is a choice between seeming impressive, and being impressive. Any of you who were nerds in high school know about this choice. Keep doing it when you start a company.This was after a several paragraphs about how cheap office space was in the early days. There's a line about commuting home to the burbs. "god help you" he says. Heh.
And the closest to home for me these days:
During this time you'll do little but work, because when you're not working, your competitors will be. My only leisure activities were running, which I needed to do to keep working anyway, and about fifteen minutes of reading a night. I had a girlfriend for a total of two months during that three year period. Every couple weeks I would take a few hours off to visit a used bookshop or go to a friend's house for dinner. I went to visit my family twice. Otherwise I just worked.