244 karma · joined March 29, 2008
http://www.orianmarx.com/2008/10/16/reflections-of-a-y-combi...
After spending a few months thinking "okay, so how did it get to that point, and I didn't even realize it" I wrote my reflections. I still think the startup has a good chance of success, but not with the dynamics that were at play then.
I think you should be blogging :)
I placed a great deal of trust in my team for nearly a year and some of that came back to bite me. Yes I did list a lot of flaws, but they were not flaws that everyone had in common, they were the things that stood out to me as being problematic across the length of the venture and, well, I thought I mentioned a lot of things I thought I should do differently. But I am open to hearing more.
It seems that a lot of people here took my posts to be me just blaming my partners, but that must be a light reading because I definitely talk about my own shortcomings, and I take responsibility for what ultimately happened. I've been looking in the mirror constantly for the last three months, and posting here is part of that process of reflection too.
I certainly may have killed the startup by emphasizing things that I thought were important, but it doesn't make any sense to think I was actively trying to kill it. My point was that I was blindsided by what happened in the end, so now I've gone back to think about how we got there and, you know, these are some of the conclusions I've drawn and of course they could still be wrong.
As for allocating resources to networking before there is a working product, check out www.path101.com. I met these guys when they did an open brainstorming session with nothing but a preliminary pitch deck and not a line of code. Being open from very early on enabled them to find angel investors and their first employees, and when it came time to doing an alpha launch they had tons of people that had been eager to try the thing out for months.
A couple of things I should probably point out: the SXSW was supposed to be a team trip and the point was for everyone to have the experience of interacting with a bunch of top notch startup people (we aren't from the valley) and I only proposed it a few weeks ahead of time after we had a lot of people telling us that it was the single most useful thing to attend all year (I didn't even know about it before then). Only two of us ended up going, but that wasn't my intention.
When we landed the YC interview, it meant flying from NYC to LAX for a ten minute interview. We were told that only I needed to fly out, but I said everyone should go because they deserved the trip. This was obviously not the cost-efficient approach, but I think it was a lot better for the team.
As for the Goldman comment, I find this to be a typical programmer retort to any questioning of what they are doing: "If you're so great, why don't you do it yourself?" In fact, I didn't question what he was doing for way too long precisely for that reason, and I think that was a mistake. Now as for doing it myself... there are some areas of technical knowledge that I do not have, which is why I brought people on. Now that I'm on my own again, I'm doing my best to get it done myself.
Hey, you probably wouldn't want me as a cofounder, fair enough. I appreciate the better luck next time comment though.