Quibi is shutting down, and everyone has an opinion. While the Quibi debacle inspires this particular post, it isn't about Quibi. It's about the value of capital constraints. When you start a venture-backed company, you want to raise more money. Whatever amount of capital that you wish to raise, you
Father. Entrepreneur. Light bulb enthusiast. Car connoisseur.
In 2002 I spent a semester studying abroad in Adelaide, Australia. One of the classes I took at the University of Adelaide was an Introduction to Australian Politics. I enjoyed the course thoroughly; it led to me understanding the parliamentary system. One aspect of Australian politics that stood out to
We all know that having information and insights can allow you to make better business decisions. It can help you close deals, avoid time-wasting activities, and accelerate your business. I've noticed a particular information asymmetry in startups around what startup founders know about investors and what investors know about startups.
A recent discussion online and several real-life conversations have had me considering the risks and rewards of founding startups as compared to being an early employee. Most of the conversation focuses on the financial risks and rewards of whether or not it is worthwhile to be an early startup employee.
Leadership requires being visible. We can discuss leading from in front versus leading from behind. We can also discuss leadership versus authority and many other interesting ways to discuss leadership. Through it all, however, I believe there is a requirement that as a leader you are visible. You have to
For product managers, the most important part of the job is truly understand what the user's problem is. It sounds easy, but in reality, understanding and defining a problem clearly is a huge challenge. Product managers need to identify problems and prioritize those problems. This enables a product manager, in
Startups are constrained by many factors. These include financial capital, team size, and speed. The ability to hire great people is constrained by both competition and by financial capital. The ability to raise financial capital can be constrained by market conditions and experience with fundraising. Speed, specifically, decision-making speed, is
I tend to believe that some government regulation is a good thing overall. Especially in today's economic situation, where fewer large companies dominate that landscape, and learning from the 2008 financial crisis, I believe there is value in the government setting reasonable guardrails. Coming out of the Dodd-Frank Act is