Entrepreneurs: stop networking and showing off and get back to work
thenextweb.com
thenextweb.com
"Just one more javascript function to add..." and so on keeps them from ever meeting with anyone - potential customers, local like-minded entrepreneurs who could offer support and introductions to others, etc.
If someone recognizes themselves in this piece as the person who is always networking/pitching/schmoozing and never working on the product/project/service at all (tech or customer development), then yes, heed the advice. Otherwise, simply strive for a balance. But... don't fall for the "it's gotta be perfect in my eyes before I show anyone" (or even "it's gotta be or look really nice before anyone can see it"). Just... show it around.
While it's true first impressions count, after you show someone, there's millions or billions of others to make a new first impression on later with an improved system/service/product. But you won't know how best to improve it without getting the feedback from initial showings.
You need to build up a network, and so getting out and pitching to folks is a necessity early on, but remember that networking events are mostly just practice for pitching to the people who actually matter.
I'd suggest also that a lot of people are convinced that their target customers are early adopters because it's easier to imagine that their customers are like themselves. This is often wrong, sometimes dangerously so. Do some soul-searching (Are these really the people that are most likely to give us money? Do they even have any money? How much?) if you find yourself in that spot.
There are a lot of "entrepreneurs" that get caught up in the social aspects of being an entrepreneur without actually going out and getting traction on their business. It turns into an ugly form of cargo-cultism quickly.
More generally applicable advice is the "rule of thirds" described in the middle of Chris Brogan's blog post that I just submitted: http://news.ycombinator.com/item?id=2359099
> The three hours spent at a networking event could also be invested in emailing your customers
Please, no, entrepreneurs. Don't consider e-mail a magic customer builder. I dropped Twilio like a bad habit after their community manager e-mailed me three templates in as many weeks, reminding me that I had signed up for an account; I was developing something using their service, and instantly shelved the project once these started to roll in:
I’d like to introduce myself, I'm Danielle, Twilio's Community Manager, and I'm here to help out with any questions you may have
I wanted to drop a note to see how your experience with Twilio has been going.
Danielle here, I wanted to share a few more Twilio tips and tricks with you.
I'm all for an occasional e-mail or two, but when your company is in my inbox once a week, that's too much. That's not developing a relationship with me, that's trying desperately to keep me interested in your service. Find better ways to develop relationships with your customers aside from e-mail.
She included her name, I didn't, and I don't see harm in repeating the mail verbatim.
It's tempting to say that you can ignore within-tech-industry networking and only talk to customers, but ... it's pretty important in a lot of situations (funding, partnerships, serendipity, hiring) that the tech community has heard of your company. And they can be some of your first customers, too, in a lot of cases, since they're interested in trying new things for their own sake. And you can get advice. And find employees.
I bet most tech companies need to network more in addition to talking to customers more. Coding is what comes naturally...
> "The pitching, networking and attention from the press is all nice and can help your business. But be careful not to lose yourself in it."
It WILL help your business. The title of this article is a bit harsh and doesn't match the overall point: "But be careful not to lose yourself in it."
I did not get the results I hope for. The networking events were parties not business events. People just stood around, drank and aired out.
My current conclusion, especially for freelancers, is to invest your earnings back into raising your profile. Write a blog, travel to customer sites.
Value in terms of advise from folks who have done "it" before or meeting with people who you think would make a good team member. Someone has to do this and in my views it is a must. There is a ton a knowledge, support, learning that you can get from these folks. In the end any company or product is a reflection of people who worked on it so why not start early.
As a founder, IMO, networking is crucial and it is a good learning exercise to manage hundreds of things in limited time, which will become crucial when you start seeing traction.
Every profession has people who profess to be successful w/o a track record, and sell themselves more than they sell anything of value. This certainly is annoying, but its their life.
I have received great advice and mentoring that I never would have found if I had not spent some time driving under the "great white circle that burns us" to meet with the public. I also found great contacts who will develop art and other specialties I could not easily create myself. That is unless stick figures become chic in site design.
The ratio of "we just got funded" to "we actually developed a valuable product" stories I see in the tech press is getting to astronomical levels. I view this piece as being in response to this trend that really ought to be clear to anybody.
When the bubble pops, having a working, profitable product will be far nicer than having a contact list stuffed full of VC contacts that are now( post-bubble ) scared shitless of doing any deals for any valuation whatsoever.
Then again, pg says there's no bubble, so disregard this and party on. It's different this time.
In the tech press. But amongst all enterpreneurs it is still quite low. For example no one would fund me, the noname hacker without a working product I can tell you that for sure. As I've browsed angel's profiles I saw that a working product with some customer/user traction seemed to be the absolute minimum for most of them to consider funding a startup. (I've seen something like 'social proof' in those angel-application forms, which may change things for some people, but not for me.)