How Not to Die (2007)
paulgraham.com
paulgraham.com
I have created two companies on my own(backed companied from others). The first one was Hell, nobody believed in us or the idea, everyone believed I was crazy, and after fighting and loosing battles a lot I also(my subconscious mind) started believing it!!(I had trained it in failure)
But then it turns out it was a brilliant idea after all. We were the first surprised to see that in the end it worked even better that what we devised at the start. Everybody loved our product and people that had down played us in the past were telling us how much they "always knew" our idea was going to succeed.
The second time everything was objectively very similar to the first company, but it felt completely different. The experience of success gives you confidence and makes things very easy and even fun.
Where "you" == "the founders."
Certainly hard as an employee to hang in there for all the ups and downs and near death experiences after years when "avoiding dying" might look like watching the investors get their pref back and the founders getting a nice new post somewhere else.
You don't have to coddle employees and protect them from bad feelings. They're adults and can make decisions for themselves. That being said, founders who keep morale high tend to keep loyal employees longer.
"Founders getting a nice new post somewhere else" does not sound like "avoiding dying" to me. It sounds like the opposite. Could you clarify your point?
Sorry but if they "deserve" more money they should find a job where they would be payed that. As an employee it's your own responsibility not to get screwed by your employer. If they decide not to pay you, leave.
The same goes for the employer. It's their responsibility to not "accept death". Accepting death is the mindset that will almost always lead to failure.
This is true both ethically and professionally. If you screw people, word gets around, and you just alienated all the talent you built a relationship with. It also makes you a bad person.
If you ask loyal employees to stay on for the sake of their equity or the sake of making something great, that's fine, but if you're funded and not delusional about your chances it's unlikely you will be in a position to do this in a fair way.
I'm onto my fourth start-up, third as CTO, and let me tell you start-ups are no walk in the park. The idea that there's even walking involved is so far off what it's really like. It's non-stop sprinting and if it's not, then you're not doing it right and moving too slow. I like the idea of a work/life balance, but when you have to build every little part of a business, it's just not reasonable to get obstinate about it. When and if I make it, I'll be thanking my perseverance.
Also, the whole founder/success mythos is perpetuated by people actually not running startups. These days, I just do what I think is best and work hard, and try to ignore the bullshit.
It's this mentality that causes burn-out, resentment, and a wide array of other negative feelings. Focusing on what you can do and learning to do better / more is how I think success is eventually created.
Where is this tight loop of venture capital funding first to market on services that are easily replicable taking society? My guess is nowhere.
Best of luck!
Whose woods these are I think I know.
His house is in the village though;
He will not see me stopping here
To watch his woods fill up with snow.
My little horse must think it queer
To stop without a farmhouse near
Between the woods and frozen lake
The darkest evening of the year.
He gives his harness bells a shake
To ask if there is some mistake.
The only other sound’s the sweep
Of easy wind and downy flake.
The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep.
-------------- End ----------
Oh how I love Robert Frost! This deeply existential and powerfully personal poem is exactly what NOT to do when you are in the throes of startup life.Sleep! I say sleep. Get that rest and damn that horse. :-)
Edit: I took me 4 years to learn HN carriage returns! :-(
- Founder <-> founder resentment
- Founder <-> investor resentment
Those 3 causes are far above everything else, in cases I've seen. Even higher than running out of money.
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http://news.sys-con.com/node/3350225
But they do seem to have fallen off that billionaire trajectory.