Top Top Top

Older

Levelling up

Levelling up

New challenges present themselves, only because one has risen to be able to face them.

Think about it - If you hadn't come this far already, there wouldn't be your latest, greatest challenge looming ahead of you. You would never know it, and would never have the opportunity to grow through the series of experiences that lead to you your current situation.

Therefore, If there's a sudden hike in difficulty, take heart; it's likely that you've just successfully levelled-up.


Save as PDF

Buying a share of tomorrow - 'Seraph' deals

Buying a share of tomorrow - 'Seraph' deals

One of the biggest risks that young companies face is premature scaling. This seems to be the cause of death for most funded startups.

Angels see a good idea with a good team, and they are prepared to fund it with seed capital in exchange for equity (a share of the stock). The most likely way for these angels to get their money back is if the company can raise VC capital. Otherwise, their sunk capital may never be returned to them.


Save as PDF

Homo Simulatus

Homo Simulatus

One can never truly recapture the past in one's memory. When we look back on our memories, it's not like a tape recording. We view those memories from an adjusted perspective; the lens of newly acquired mental models in the interim. 

The only way to truly record memories as they happen is with a diary, since transcribing the experience to text illustrates the mindset of the writer at the time.

What is a mental model? Mental models are our way of deconstructing the world.


Save as PDF

Courage

Courage

In all honesty, it's riding the emotional rollercoaster of running a company that is often the most turbulent struggle. Sadly, it's seldom discussed (and I'd like to change that).

Founding a startup requires entering a new relationship, perhaps like that between a nurse and a child. 

If your company improves, you will leap with joy, and when it suffers you will recoil in rage and sadness. If it dies, your heart will be broken and the level of pain will be hard to imagine. However, all but the deepest wounds recover with time and self-soothing, and you will learn to try again.


Save as PDF

Founders, Entrepreneurs, and Businesspeople

Founders, Entrepreneurs, and Businesspeople

The terms Founder, Entrepreneur and Businessperson are often used interchangeably. However, there are genuine semantic differences between each.

I define each as the following:

  • Founder - one who creates and nurtures a venture that creates a new market, enables other ventures, or powerfully satisfies a previously unfulfilled need within society.
  • Entrepreneur - one who undertakes a venture that focuses a targeted solution on a previously unserved (or underserved) niche.
  • Businessperson - one who takes a well-established formula and seeks to optimise it's overall execution.


Save as PDF