Dec 12, 2009

Push It Back!

A lot of times we feel stuck at some point in the start-up and then it comes; it seems like we are being pushed by the entire world, but the point is that the world has always remained like that. Really! It has always been like that... It always pushes down the losers. It always had! Don't you remember pushing down the people that you considered losers? That's how it works. And to add to that, people keep pushing more people towards the losers' side who are at the boundary. It sounds like 'Not me story', but trust me we all go through this point of worthlessness someday or the other. When pushed down or aside by all over, the best chance to survive is when you push back, and when you push back hard. It's all in our brains and some people can play mind games really well.

So, how do we know when we are being pushed down or pushed aside? When we start noticing that the work is getting stuck at some point and no calls are being replied even when you try the most, or when negative thoughts are thrown at you when you need them least (though this is like challenging the idea of a critique, but who cares for a critique who pushes you towards the valley of death). Isn't life complex enough to add the words of a critique when it's least needed? When people start coming out with negative thoughts and stories to make you feel like a loser, or when they make you feel that you were so much better before – trust me, it's a mind game or a mental trap. So, when we know that we are being vulnerable for mental traps, how to push it back?

First of all, we all need the right mentors in life and most of us have them as someone, but not having that in life makes you vulnerable for a slicing, and that's the worst when you are at the low. So first thing is to identify a good mentor, a big brother, close friend someone who can hear you out, learn your perspective and then add to your ideas in a constructive way. Secondly, loosen the grip a little and sound positive to even the worst of critiques since it would take them by surprise too, like one of my friend says their life is too pathetic already; you just need to show them a mirror. Anyways, third is to sit with your team and set realistic time lines and identify key bottlenecks, and start keeping track of the bottlenecks. Last but not the least, get your finances right, since no start-up is successful unless people trust you.

Before I close this one I wish all of you happy hunting in the mad world before you get hunted,  but it's worth fighting back the world as you are... your attitude reflects it all – push it back!

Dec 9, 2009

It's not Rocket Science, Trust me!

I wrote a blog post back in 2007 (blog post) where I discussed what's the right time to dive in for a start-up, and to tell you the truth very frankly - no one would have this answer. I didn't have the answer when I was happy with my job and I don't have the answer when I am working with my start-up. You can hear 1000 stories, feel motivated and jump for it - I won't call you stupid, in fact I would help you with whatever you lack and praise you for whatever you have good. On the other hand, you can take 30 years building the perfect ship to sail, and yet you can't board it - I won't call you stupid, I would help you find that courage.

You can look out for the best teammates in the world and yet you can fail - that's the fact of the world that you need to live with everyday, but it's the battle that matters and not the outcome, and yeah fighting with the best knights cuts down the odds of failure. On the other hand, you might have no idea at all when you start and yet you can be the role model of tomorrow. So what is it that differentiates one guy from another, or let's say one start-up from other. What is the golden rule that differentiates the two sides?

People name it as team, idea, market, investors etc., while these all are pillars of a successful enterprise, but are these all? Wait, we haven't yet mentioned passion, drive, intensity, enthusiasm and all other qualities, but are these all? Is this a must to have list or good to have list, since some people say passion comes with idea and market or let's say money, and some say idea and team are secondary, all you need is passion. I don't know the order and I don't want to discuss it, since this list is endless. Did I write leadership, focus, companionship, vision - oh my god! this list is actually endless. :)

Let me put my answer in my simple language for you. I don't claim that I am a genius or Mr. Right of this topic, but this is what I believe, and it works for me, than remembering the endless list (often used by successful entrepreneurs to put their success in words). I rarely write philosophical blogs these days, since it's hard to prove them or quantify them. If you don't find my answer helpful, I apologize in advance.

I believe that we are guided by a power, actually a belief, something that we don't have control over,something way too powerful to be put in a list . I think what differentiates a successful entrepreneur is the power of believing the power of trust. We just need to trust the higher cause ,of the organization, trust the leader, trust our instincts and that's trust, which actually brings in enthusiasm, focus, drive and intensity in the workforce. In fact, that's trust which pushes us to create the best products for our clients., a trust we don't want to break It's the trust and belief of the leaders of the company that drives the course of the company. The power of believing and trust helps in creating a bonding between people, ideas, problems and solutions. Investors, customers, employees are all humans and they all need to trust you to make you successful. For others to trust you, you need to trust yourself and your thoughts, your instincts. Rest all will fall in place.Trust me!

One more thought before I close this blog post, I think there is nothing to win or lose in the world, there is an awesome journey that goes on forever. If you love being part of the cruise, be part of it, love it, enjoy it, live it, else  simply jump off. There are thousand others awesome things worth doing than being an entrepreneur who doesn't love what he/she does.. Would love your comments on this one, really, because I trust that feedback works :)

Dec 1, 2009

A little later dude!

Funny it may sound, but I got inspired to write this blog post while talking to a friend about start-ups, and I realized that its perception seems to work as an oasis in people's life. Well lately, I started noticing that while discussing ideas and dreams, or say being philosophical, people share their dream of doing something on their own terms or having their own company where they can work on a problem as they choose and add to some thing as they please. There seems a different tone to the discussion (almost always) like a very different note in music, a talk coming right from the roots, a dream that comes right from the heart - thirst of an intellectual. It almost sounds like an assurance coming from within that I want to work on a problem as I please and I would work on it some day. Most of these talks end with the tag line - "Some day but not today... a little later dude!"

I used the word oasis in the last paragraph, since it does the same task of keeping the thirst of entrepreneurship alive amongst potential entrepreneurs and encourages them to keep moving towards it. Only difference being that it exists for real, but remains an oasis for >95% of us. All of us want to reach it but are stuck with lots of problems, questions and confusions. It's not important when we start or how we start, it's important that we know we want to start some day, even if it means we know - "A little later dude!"

We learn lot of lessons along the paths of our lives and become better prepared to fulfill our dreams in future. Well it might not be the right time for some of us to start the journey but it always help to ensure that we collect the right stones along the path.
  • Remain in touch with start-ups and entrepreneurs to understand the problems they face every day and to appreciate the start-up life better
  • Save money for the dependents and rainy days, as start-up life is full of surprises
  • Start noticing market trends by tracking new ideas and businesses to understand the future market better
  • Last but not the least - make good friends who would help you cruise the start-up life
But whatever happens, never ever give up on the thought of reaching oasis, even if it means to have a cup of coffee and say - "A little later dude"

Nov 18, 2009

3 Symptoms of Successful Entrepreneurs

by Chrys Bader

Since I moved to the Valley after graduating from YCombinator (YC) Summer '08, I've spent over a year observing startups in multiple stages. Some are well funded, some are brand new, some have just raised funding, and some are just an idea. I've noticed several trends that define entrepreneurs who are destined to succeed as well as several leading indicators of a startup's failure.

Successful entrepreneurs are relentless in their pursuits

I can't count how many times I've been taken aback by an entrepreneur's dedication to solving a problem, reaching a milestone, or achieving something everyone thought impossible. A good entrepreneur will baffle you with their relentless dedication in pursuit of a goal. I've been amazed by the number of times I've heard an entrepreneur make a claim that I thought was ridiculous, risky, or undoable, and then watch them accomplish it. It's inspiring. It has changed me from an entrepreneur who would only set the bar only as high as I could rationalize to an entrepreneur who is willing to chase the impossible.

Successful entrepreneurs move in packs

Successful entrepreneurs are like wolves. They survive in packs. Since graduating YC S08, several of our fellow YC startups have remained in touch while others have drifted and either died or disappeared. We're very close with the founders from our YC batch, and we share things with each other in the utmost confidence, which is not something most startup founders can do. It's almost like group therapy. Having a trust circle is an invaluable resource in the Valley's competitive battlefield.
The startups that are still alive are the ones who remained in touch. We've fundraised together. We've introduced each other to potential investors and deals. We've vouched for each other. We've constantly been exposed to each other's triumphs and defeats.  We've inspired each other's products. At least one feature you see in every remaining YC S08 product was inspired by another YC S08 founder.
If we ever feel a member of our pack lagging behind or straying in the wrong direction, we do what we can to get them back on track.  We've seen too many entrepreneurs fall to the wayside, and it hurts us to see them go.  And when they go, they usually remove themselves slowly and fade into the fog of war. In the words of Paul Graham, startups don't die "loudly and heroically... mostly they crawl off somewhere and die". And like wolves, they die alone.

Successful entrepreneurs crave knowledge and are eager to share it

An entrepreneur who is not starry eyed and dreaming is an entrepreneur that will fail.
Almost every time I meet with a successful entrepreneur, I see that spark in their eyes. Maybe they just had a vision or just read a great blog post.  Maybe they just solved a problem or they just learned about a new product.  Whatever it is, they are excited to talk about it.  Entrepreneurs are always searching for knowledge, and they can't wait to share it with you. You'll find that this is reflected in their products.
This passion for knowledge is what makes a pack of entrepreneurs so unstoppable. It's essentially a collective cognitive force that is determined to take over the world.  Some of the bigger packs are referred to as "mafias" in the Valley, e.g. the YC Mafia, Paypal Mafia, XG Mafia (ex-Googlers), etc.
To sum it all up, successful entrepreneurs live in a distorted reality that they create for themselves. They have a vision that they pursue like food during a famine. Satisfaction is rare and never immediate. To be a successful entrepreneur, you need to live in a world that doesn't exist yet: the world that you want to create.

Nov 17, 2009

Hunt for Jokers

Joker is considered as a wild card in the arena of gambling and is often used to complete a sequence of cards filling the 'required' gap. Role played by a joker, in the game of cards, resembles a lot with the role played by perfect startup employees. Most startups don't have huge pockets and hence can't afford the perfect employee for all the roles. Instead what they hunt for and prefer is a parallel figure of 'Joker' in the real world. Joker can prove to be a real bargain for limited startup funds and, in a long run, can prove to be a real asset to the company. How else do you expect a startup to compete agianst giants sitting out there in the market?

Real problem that exists with jokers, is their scarcity added with their career expectations and hence, finding a joker with a long term perspective, is the most difficult problem for a startup. Once you get hold of some jokers then other cards start making sense and hence over all chances of winning increase by multiple folds.

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