Recently there seems to be a mini-trend of founders opting to raise smaller amounts of capital to minimize dilution. Many of these companies go through YC or other accelerators, which take around 7% equity before any financing. An additional ~20% dilution on top of this would certainly seem excessive, especially at such an early stage … Continue reading Raising A Smaller Round
When you put fleas in a bottle with a lid, the fleas will initially hit the lid as they jump. Soon, they won’t jump higher than the lid, even after it is removed. We humans are similar. There are many inconveniences in this world that we take for granted, assuming there’s no better solution. Entrepreneurship … Continue reading What Are We Being A Flea About?
The job market has dramatically changed. People regularly work on multiple projects with varying degrees of involvement. Some have a full-time job and engage in personal side projects on the weekends, while others work on 3-4 different projects as contractors or consultants. Whether people like it or not, this has already become the norm in … Continue reading Missionary Mindset For Part Time Employees
When other founders reach out to me for advice, I try to make it more “pull” than “push” as much as possible. I can only share my own experiences and stories. It’s up to the listener to decide which parts (if any) to take as advice. If they want, they can pull some stuff from … Continue reading Advice: Pull vs. Push
One of the common traits of successful founders that I see: They don’t lower the bar by comparing themselves or their company with others that underperform or have lower standards. Some of their competitors are badly run companies – misspending investors’ money, suffering from internal drama, you name it. When good founders see these companies, … Continue reading Don’t Lower The Bar
In a non-work related story: In Jeju Korea, two high school students found a lost credit card at a convenient store. To help find the owner, they used the card to buy the cheapest item ($0.25) so the owner would get the text notification. Then they left the credit card along with $0.25 they just … Continue reading A Heartwarming Story
I’ve recently heard two different stories that illustrate the stark differences in how AI is affecting the job market: It seems like AI is making experienced, senior professionals more effective at their jobs, reducing the need for junior employees. But if no one hires juniors, how can anyone become senior? The job market continues to … Continue reading AI and Job Market
A recent conversation with a founder: His company developed a B2B SaaS product. They showed some initial promise but ultimately couldn’t achieve meaningful growth. They didn’t reach product/market fit. Then they kept developing more features. And some more features. All of a sudden, they had a product with 12 different main features, none of which … Continue reading Building A Game Changer
As widely known by now, research indicates that the highest-performing teams are psychologically safe teams. Leaders must ensure that people feel they are being heard and that anyone can express their opinions freely. However, a leader’s job is to make decisions, which sometimes involves the leader stepping in and making a proprietary decision based on … Continue reading Finding The Right Balance
Interesting case study: What should Lyft do? At a recent dinner, a few of us were casually chatting about our consumer experience with Lyft (“Do any of you guys use Lyft any more?”) A few things mentioned by the group: I don’t have data, but anecdotally, at least the folks in my circle seem to … Continue reading What Should Lyft Do