Elite athletes must focus on more than physical training to win. Startup CEOs also have an inner game to master on the way to success.
The many hidden challenges to being a startup CEO aren’t talked about enough.
Among other things, you face repeated rejection; suffer failures small and large; complete overwhelm; deep self-doubt (if not outright depression); face seemingly impossible dilemmas, decisions and circumstances; and struggle with difficult relationships. At times you feel completely alone, like you’re the only one with these problems, and that there is no one you can talk to. You ask more than once, “am I crazy, or is this normal?”
We’re proud to have both been asked to lead sessions at SxSW 2012, and look forward to seeing you in Austin starting tomorrow! Dale had to decline his panel this year due to scheduling snafus, but Marcy’s looks like it will be standing room only again (like 2011’s Agile Self-Development)…
Come and share your happy acquisition success stories!
Often company acquisitions that seem like a great idea result in disappointment, a mass exodus, the technology being tossed aside, and hard feelings on both sides. But every once in a while, an acquisition results in the team feeling like they got a big win, not just financially, but that it moved their product and careers forward in a way that would have taken them much longer otherwise.
How to Be Acquired and Stay Happy: Marcy and friend James Home, Product Designer, Google (through its acquisition of MetaWeb), lead a Core Conversation about acquisition success stories. The goal is to draw out what worked well, and provide those looking to be acquired with some guidelines to what to watch for and how to pull it off happily.
Get there early to get a seat and join the conversation; we look forward to seeing you in Austin this week!
Friday, March 9, 3:30-4:30pm, Courtyard Marriott, Rio Grande Ballroom
“Values are the foot you leave on the floor when you pivot.” – Eric Ries
This was Eric Ries’ response earlier this month, when I asked him if he had any thoughts about company values. I love the mental picture this creates; of a team with one foot planted so solidly in their values that they can use that as an anchor when making a decision about where to go next when they realize that customers don’t love their product, or when their business model isn’t working.
We don’t usually blog about movies, but wanted to recommend The Happy Movie (playing in San Francisco at the Roxie theater through the end of next week, free screening tomorrow night). We met Academy Award nominated director Roko Belic, who spent five years journeying around the world researching the question “what makes people happy?”
The movie looks in on people around the world (Calcutta, Okinawa, Lousiana, Bhutan, and more!), and demonstrates by example and through research that the people who are the happiest are not the people who are focused on external motivations (money, fame & social status), but rather internal motivations (relationships, community, helping others). The movie did an especially good job of highlighting how powerful it is to have a tight-knit family or group of friends.
It also points out that the happiest people are the highest functioning. In other words, make sure you’re happy to make sure you’re performing at your best.
Startup founders who are able to continue putting value on intrinsic motivations (relationships, community, and helping others) are more able to weather the fickle storms of fame and fortune, and remain happy throughout the process, regardless of whether their company somedays files for an IPO, closes its doors, or anywhere in between.
The movie is worth seeing; hope you like it, and would love to hear your thoughts!
The idea of Quantified Self is that you take ongoing measurements about things that you’re interested in knowing more about, and changing, like sleep, diet, exercise, and mood (aka self-tracking). Software developers are notoriously interested in improving and optimizing things (not just code!), and many QS’ers seem to have a background in computing.
I’ve spoken before (at SxSW 2011 with Dinah Sanders) about Agile Self Development. We’re excited about repurposing the vast, rich body of tools and methods called Agile Software Development, and using it to help people improve themselves. At SxSW, we had a lively chat with a few hundred attendees about how to get the most out of the conference. Out of that experience, Scott Pierce (who attended the talk), started an Agile Self Development group in Birmingham that hosts a daily standup, and has made tremendous progress in moving toward goals.
Recently we attended Eric Ries’ second Startup Lessons Learned Conference, which focuses on the concept of the Lean Startup. A Lean Startup is an organization that is optimized for creating the most validated customer learning in the shortest amount of time. It’s a new-ish concept, only a few years old, but it’s gathering steam quickly in the startup world. They use the mandate: “Build, Measure, Learn”. They start by assuming that you don’t know anything until you get out of the building and come into contact with real customers, and the most learning comes when you put product in their hands. Releasing an early beta in weeks is better than building a product in “stealth mode” for years before unleashing a well-polished, ready-to-scale flop.
We are hoping that the QS community will find the tools in Agile Software Development and Lean Startup communities to be useful in conducting experiments and creating change; we think that it’s a great place to borrow from. Some useful concepts from this body of knowledge are:
Agile Self-Development is a lightweight methodology for personal development that is a reaction against all-or-nothing goals and resolutions. It lets geeks repurpose Agile tools and methodologies with which they may already be familiar.
Dinah Sanders wrote a lovely Agile Self-Development Manifesto that really resonates with me:
Increasing individual flow using whatever works over adherence to a system
When I start working with a new coaching client, they often arrive with a massive list of everything that they want to accomplish in their work and their life. Desires are limitless! This situation reminds me of a CEO who is hungry for every single feature in a software product to be implemented immediately. So how to begin? Here is what we do next: