Archive for the ‘Uncategorized’ Category

CEO with a headstart into the recession gives his advice for early stage co's

Sunday, November 30th, 2008
I found this post on Techcrunch this morning and it's worth reposting. "It is written by Glenn Kelman, the CEO of Redfin, an online real estate broker. His industry went into recession a year ago, so he’s had a little more time than most startup CEOs to think about how to deal with the current downturn. Below is his advice to his fellow entrepreneurs." Many of his points are relevant regardless of a recession or downturn. I would add the following that are specific to a downturn or need to restart: 1. Act fast: Get the troops on board with the plan and make sure they all get re-energized towards the goal ASAP. 2. Don't sugar-coat it: Everyone will be relieved to hear that you have a firm grip on reality and are willing to make the tough decisions and move forward. 3. Kill some initiatives: You are going to have less people. You need more focus. Do less and do what you do better. 4. Identify near-term wins: Find something important that you can get aligned to achieve. It will be important to have a real win to celebrate - but it's gotta be real.

Are things going to get worse?

Wednesday, October 8th, 2008
Oh yeah! Hold on. Sure, your stock holdings are down - but if you hold long enough, that might all work itself out. However, job losses will cause real near-term pain and the reality is: the job losses are not there yet. This is one stat that is really easy to measure and fairly reliable: non-farm payroll figures are released by the government on the first Friday of every month and these numbers frequently kick off a frenzy of speculative trading in the foreign exchange markets. Interestingly, the unemployment rate in September stayed steady at 6.1%. About a year ago, the unemployment rate was 4.7%, so it has grown, but there have not been any recent surges. I am not sure of the typical lag, but I have to believe the job losses are coming. The unemployment rate has not hit 10% since the government reported it in it's current form in 1942 - - the highest being 9.7/9.6 in 1982/83 respectively. Those were the only years it ever rose above 9%. When people start losing their jobs, this will be a lot more painful than the loss of homes from bad loans (which should not have been made anyway). The unemployment rate reached almost 25% during the depression in 1933, but I can't imagine that we will screw up that bad this go around. So, things are not that bad yet. I am sure they will get worse, but confident they would be nearly as bad as they have been for those before us.

April Fools hindsight: Sidd Finch sets the bar, 22 years going

Wednesday, April 2nd, 2008
I saw a few good April Fools pranks floating around the net. Josh Kopelman's UNfunded Michael Arrington's $25 million suit against Facebook Jason Busch's departure to the analyst world Sports Illustrated set the standard over 20 years ago with their story about Sidd Finch He's a pitcher, part yogi and part recluse. Impressively liberated from our opulent life-style, Sidd's deciding about yoga -- and his future in baseball Google generally does a good job, but no one has matched Sidd Finch.

Thank you Seth Godin.

Thursday, March 6th, 2008
seth's head Seth is brilliant. He is a prolific blogger and consistently writes thought-provoking posts and points us to other people's great posts. This morning I woke up and he gave me two gems. This one he wrote reminded me to: 1. Not rely on their being one silver bullet marketing or sales tactic. 2. Don't project my own personal preferences onto the rest of the market. He also pointed us to the concept of 1,000 great fans, written by Kevin Kelly. Kevin offers a formula that can help artists/artisans/craftspeople transform their passion into a career.

Deliver a Presentation like Steve Jobs

Friday, February 1st, 2008
Steve Jobs is a master story teller and salesman that uses themes, outlines, images and passion to make sure he is heard. Learn how Steve does it. This analysis is similar to a previous post that includes powerpoint presentation guidelines from Seth Godin and Guy Kawasaki