What is a startup?
Sometimes people raise a question why new business is not a startup and what defines a startup.
The answer is easy.
"Startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. The only essential thing is growth. For a company to grow really big, it must a) make something lots of people want, and b) reach and serve all those people."
Read more on paulgraham.com/growth.html
This is my work table this week.
Majority of time I work with digital media and I measure things a lot. I used to hear that all digital efforts, all ads are meaningless if we cannot measure their performance, their return on investment. That's true! 👍
But working at the startup brings much more random tasks on my table. It was measuring the needed size of vans for magnetic stickers this time.
What's out of it? Always expect the unexpected (and embrace yourself for it)! 😊
Passion, commitment and stamina.
I am always open to meet new talents who I may ultimately want to see working with me. But often i fail to see these traits: desire to succeed and willingness to do whatever it takes to solve particular problem. For me, this is very important aspect to be in startup and may be dealbreaker to become a team member.
For example, few people i met talk about doing multiple “projects” at the same time. I just dont think how it works in startup world - to begin with, how can you communicate to others that the problem you are trying to solve is most important for you at this time, if tomorrow you will talk about another problem?
Others talk about attracted investment deals, startups they sold as an ultimate goal and success metric. I care more about this: did you create value with your last venture abd solved some problem nobody solved well before?
Justas from Qoorio asks:
“How does the life of a founder differ from an engineer’s life?”
Given that my role was highly specialized at Facebook, I would say the biggest change is the range of responsibilities: as a founder you need to to wear multiple hats - coder, sales rep, content writer, recruiter. It is sometimes tricky to prioritize on what things will actually move a needle. My first focus is helping clients, improving product and collecting customer feedback.
One other practical aspect is motivation. At Facebook, It was healthy mix of internal and external motivation, such as salary. As a startup founder, you are mostly accountable to yourself for your decisions and results, while the rocket growth phase usually does not come in first few years of startup. Thus you need to find your way to feel motivated: whether its celebrating milestones, appreciating positive feedback from customers, inspirational podcasts or smth else - whatever works for you.
Finally, after getting used to cozy comfortable life at Facebook with all benefits, now I am back to making down to earth decisions - what do I eat today (no Facebook cafeteria)? Where is the closest gym? Where do I pay my phone utility bill? Can I drop off my laundry and pick up tomorrow? These small things add up and take my time, and I didn’t appreciate enough when I had this taken care of.