Principles: Life and Work by Ray Dalio is an excellent read and background of Bridgewater and origin story. Getting to go this deep on how the firm began, has been run for so long, and understanding the open culture was fascinating. One of the more interesting takes within the book is the archetypes described and …
Tags: Bridgewater, Principles, Ray Dalio, Shapers
I am a big fan of the no update, update. A simple way to let someone know you are “on it” but with no material change. I was recently talking to a company I advise that is awaiting a big answer from a potential partner. I have a good relationship with them and to keep …
Tags: Business, Eric Friedman
(No, I am not starting a new venture fund that doesn’t care about making a return on its investments – but great name for that!) I wanted to share the story of how I came to create my own personal Fuck It Fund, which is a cash reserve that is setup for when things go …
Tags: Savings, The Fuck It Fund
Many early stage investors look for financial models for 3+ years from founders to make an investment. Entrepreneurs often don’t have this information, don’t know how to put it together for the first time, and often are confused by the request. Like most posts, this request/conversation has come up enough to turn it into my …
Tags: Financial Modeling, OpEx Plan
Looking at what the competition is doing can be a huge distraction. The chances of another company having the same vision and services are remote, and typically what you see on the outside on their site and in the press don’t perfectly reflect what is really going on inside. Too often I hear about focusing …
Tags: Competitor Analysis
I have always liked the idea of having forcing functions, a forced reason to take action and produce a result, when dealing with most situations. Whether a fundraising event, hiring, or sales/partnership opportunity- these can be especially useful to make all parties move faster. In the end, time will kill all deals. Interestingly in the …
Tags: forcing functions
I realized recently that while many are searching for the startup playbook to execute on or the recipe for success, the harsh reality is they don’t exist. While you can glean great steps to repeat that have worked, and avoid pitfalls that plagued others – there is no perfect model for building a successful company. …
Tags: Operating Manual
In the book Trillion Dollar Coach about Bill Campbell, there is an important section on Aberrant Geniuses. I like this term because he is using it in place of divas (or assholes). I have a low tolerance for this kind, but this shows them in a new light which I can appreciate. The book describes …
Tags: Trillion Dollar Coach
After reading the recent Chris Hughes Op-Ed in the NYTimes about Facebook I have been thinking about social networks. Having used just about every service out there, tried my hand in helping build one, and being immersed in social feeds for the last decade, I wanted to weigh in on where things might be going. …
Tags: Networks, Social Media
(I originally drafted this post years ago while at Foursquare an in an effort to share more thoughts I edited for 2019 and bringing this to the surface – enjoy!) [2019 addition] When I first made the switch from BD to sales at Foursquare I learned a very valuable lesson that has stayed true throughout …
Tags: Revenue, Sales