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If the Shoe Fits: Who Do You Ask?

Friday, February 17th, 2017

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_mHow many members of your team have been “bloodied in combat?”

How many have worked successfully through multiple economic (upturns/downturns) realities?

Who would you ask if you needed dynamic (question/discuss), as opposed to static (online postings), advice of “the been there/done that” variety to

  • land a candidate;
  • sell in a recession;
  • tweak/kill a marketing campaign;
  • beat the competition; or
  • Layoff a team member?

Don’t ask me; I’ve answered this question multiple times in varied forms.

Instead, ask millennial Tom Goodwin.

Maybe you’ll listen to him.

Image credit: HikingArtist

If the Shoe Fits: Cards Against Humanity’s Great Super Bowl Ad

Friday, February 10th, 2017

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

If you don’t live in the Midwest you probably missed one of the best, not to mention apropos, super Bowl ads shown.

The ad was from Cards Against Humanity and they listed the reasons it failed on their blog.

  • We wasted time with establishment thinking.
  • Overconfidence in the model.
  • Bad luck.
  • Failure to trust our customers.
  • We were asking the wrong questions.
  • Our ad failed to connect with young people.
  • We were too early.
  • We didn’t add music.
  • We didn’t add music.

How many times have you heard founders say similar things?

Yup, it reads like a generic laundry list of the reasons “why startups fail.”

And they end the post with a fervent Valley paean to failure.

5726760809_bf0bf0f558_mAt Cards Against Humanity, we believe that you can only become a master by trying and failing. In this way, failure is life’s greatest teacher; failure is actually success. At Cards Against Humanity, we fail all the time. We are veterans of failure. And constant failure, plus unlimited capital, is what led us to greatness.

Now you know why this post is called “if the shoe fits”…

Image credit: HikingArtist    
Video credit: Business Insider

If The Shoe Fits: Hypocrisy And Greed In Startup Land

Friday, January 27th, 2017

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_mTuesday I cited a post by Scott Belsky on Medium talking about how employees are often conned (my word) by founders, especially unicorns, when it comes to the wealth that is supposed to flow from their ISO.

As pithy as the post was, some of the comments were even pithier. I especially like this one from  colorfulfool (21st comment)

If profitability were proportional to hypocrisy, there would be no failed startups in the Valley.

Not just true, but succinctly and elegantly stated.

Founders love to talk about the importance of transparency, trust and authenticity.

However, their stock plans and pitfalls thereof exhibit such a high degree of opaqueness and caveat emptor that they kick a hole the size of Texas in the fabric of the founders’ authenticity.

Another prevalent piece of hypocrisy is “change the world.”

Do you really believe that another dating app or being able to evaluate a new restaurant or a better way to buy your groceries will change the world?

While they may impact one’s personal world, they certainly don’t have the impact of something like Mine Kafon.

What is proportional to the Valley’s hypocrisy is its sheer greed.

Actually, when I stop to think about it, the greed probably exceeds even the hypocrisy.

Image credit: HikingArtist

If the Shoe Fits: Answer 5 Questions To Boost Your Management Skills

Friday, January 20th, 2017

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_mDid you start this year with a promise to yourself to be a better boss?

If you didn’t you should have , because no matter how good you are you can always improve — but that’s true for everything.

In December I gave you 56 words that would change your life and at the start of the year three steps to being a better boss.

Today I’m providing five questions to ask yourself.

  1. How well do you delegate, AKA letting go/loss of control.
  2. Is your self esteem tied to your Klout score or your team’s accomplishments?
  3. Are you so tied to your vision that you’re blind to your market’s response?
  4. Do you practice culture by design or by accident?
  5. Do you want to get things done or just done your way.

Next, query five trusted colleagues for objective, outside input.

Compare the responses.

Depending on you’re your goals, adjust your attitudes and actions accordingly.

Image credit: HikingArtist

If the Shoe Fits: Keep The Best — Get Rid Of The Rest

Friday, January 13th, 2017

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_mAs I’ve said before, Steve Jobs may be a good role model for building a company, but not for building a culture.

Just think what would you could build if you combined the best of Apple’s culture with the best of cultural benchmarks — the way Pearl Automation is doing.

Founded in 2014 by three former senior managers from Apple’s iPod and iPhone groups, Pearl has tried to replicate what its leaders view as the best parts of Apple’s culture, like its fanatical dedication to quality and beautiful design. But the founders also consciously rejected some of the less appealing aspects of life at Apple, like its legendary secrecy and top-down management style.

Pearl’s cultural focus is totally inclusive, based on the idea that, since, every employee is contributing to its success, every employee has a “need to know.”

The start-up, which makes high-tech accessories for cars, holds weekly meetings with its entire staff. Managers brief them on coming products, company finances, technical problems, even the presentations made to the board.

Of course, the first thing you need to do is accept that you are not Steve Jobs.

The next thing is to understand that both creativity and failure are necessary to succeed.

Eswar Priyadarshan, who sold his mobile advertising company, Quattro Wireless, to Apple in 2010 and stayed for four years, said that he learned about design and aesthetics during his time there. But he noted that Apple’s high compensation, focused product mission and top-down decision-making tended to damp the risk-taking necessary to start a company.

Mr. Priyadarshan, who is now chief executive of BotCentral, a six-person start-up, compared Apple to a community of warrior monks. “Warrior monks don’t talk and do whatever is asked,” he said.

The actual question you need to answer is: do you want to lead a team of warrior monks or are you more excited about herding a team of innovative, quirky, creative cats.

Image credit: HikingArtist

If the Shoe Fits: 22 Real-Life Ways Not To Succeed

Friday, December 23rd, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mToday is my last post of 2016.

That gives me nine whole days (I don’t do holidays) to power through the things on my to-do list that I never seem to get around to doing — like the windows.

I’m a world-class procrastinator, which is why it’s a very long list, so nine days isn’t all that much. But I do plan to make the most of them.

Wednesday I offered you 56 words with the power to change your life.

Today you get 22 real life examples of how not to succeed as a boss to keep you busy while I’m gone.

So lift a glass and accept my warmest wishes for a wonderful, joy-filled Christmas/Hanukkah/Kwanzaa/whatever-makes-you-happy surrounded by those who care.

And indulge yourself in the three Fs — family, friends and food.

I’ll see you next year and share the changes that are coming to MAPping Company Success. I think you’ll be pleased.

Take care.

Image credit: HikingArtist

If the Shoe Fits: Avoiding Foot-In-Mouth Disease

Friday, December 16th, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mPronouncements by pundits are often pretty funny, but those that come from corporate heads (who should know better) are worse.

That is especially true when they are obviously suffering from head-in-the-sand syndrome.

Lest you think it’s a modern phenomenon here is one from 1876.

William Orton, President of Western Union, when deciding not to buy the patent for the telephone. “What use could this company make of an electrical toy?”

Steve Jobs said e-readers would fail, because people no longer read.

Steve Ballmer, whose foot spent a lot of time in his mouth, called Google a “house of cards.”

Just last year JPMorgan CEO Jamie Dimon sounded off about blockchain ledger products, such as Bitcoin

“This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that’s going to put up with it for long … there will be no currency that gets around government controls.”

Of course, tech execs aren’t the only ones to nosh on their toes.

There are a lot more, read them all on CB Insights blog.

Why?

Because they might help you keep your foot out of your mouth as your company grows.

Image credit: HikingArtist

If the Shoe Fits: Talent, Revenue and Bias

Friday, December 9th, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mIf generating revenue is high on your list of important stuff, then knowing your market should be right up there, too.

Actually, the knowing needs to come first.

There is no way a 20-something, white male from an even slightly privileged background knows, let alone understands, the needs/preferences/desires of a Gen Xer, Boomer or older, let alone those of a different gender, race or economic status.

IDEO not only understands that, it hires accordingly and enjoys big payoffs.

The problem is bias.

Google is one company that has recognized the reality of bias and is actively working to counter it, as is Silicon Valley Bank.

The bank has already undergone unconscious bias training globally, which involves exercises including splitting into groups and assessing the merits of four different résumés, only to return to find they belonged to the same candidate — just with different names and genders attached. (…) with female names, for example, the groups were more likely to question the candidates’ credentials.

But it may go much further.

It is considering whether to remove names from job candidates’ résumés in a bid to prevent unconscious bias from its recruiters.

Bias is a serious problem, but you’ll never win against it if you believe that ‘they’ are biased and you are not.

It also helps to understand that bias, whether genetic or cultural heritage, is hardwired in our brain.

As a founder, you have the ability to shape the values, culture and bias of your company.

And you need to do it intentially.

Image credit: HikingArtist

If the Shoe Fits: Lessons From 178 Failed Startups

Friday, November 18th, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_mYesterday we looked at how dangerous it is to substitute what-we-wish for what-really-is and I promised you a look at startups that died as a result.

Which is what I’m going to do, but not by reinventing the wheel (there’s enough of that without a contribution from me,)

CB Insights put together a great list of 178 failed startups — why they failed as told by their founders or, occasionally, an investor — including links to the full articles.

I hope you take the time to read through, especially those that parallel your own markets, circumstances, etc.

Save the list as a reference; the lessons learned could keep you from stepping in the poo now or somewhere down the road.

Image credit: HikingArtist

If the Shoe Fits: the Stupidity of Crowds

Friday, November 11th, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mHow much do you rely on the so-called “wisdom of crowds” when you’re making decisions?

Do you think for yourself or check everything, from where to eat to the best language to use, against the “wisdom of crowds?”

If this election taught you nothing else it should have taught you that crowds aren’t particularly bright.

Stupid is more accurate

When I wrote The Value of Thinking in 2013 I asked a simple question.

But what happens to the crowd when everybody stops bothering to think?

At that point the old saying, everyone has a right to be stupid, but some just abuse the privilege, kicks in with a vengeance.

In the March redux I said,

…crowdthinking has increased geometrically, while independent thinking, let alone deep thinking, has decreased in proportion. You have only to consider the questions on Quora and the crowd’s actions/reactions at any political rally to see just how bad it’s become.

From failed startups to Tuesday’s election the wisdom of crowds has led down more garden paths than can be counted.

But for the legion of readers who demand hard data to back up common sense I give you the words of Anand Sanwal and the data of CB Insights.

Can we please never utter ‘wisdom of the crowds’?
I know lots of management consultants sold corporations on this “wisdom of crowds” nonsense, but can we now stop?
Here is what the crowd thought of Trump’s chances over time.
Totally, utterly stupid crowd.
stupid crowd

 

 

 

 

 

 

 

 

Stupid crowds do immeasurable damage.

Image credit: HikingArtist and CB Insights

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