FeedBurner Case Study
- Practice & Time makes you better & aware of not only your abilities but people who you collaborate with...
- Parameters which define successful behavior can be learnt & replicated.
- Leadership is a natural extension of your personality
- Its not only money that you should look for in investors, but their alignment, long term vision & their inherent interest in you, your team & products you will be building.
- Hiring should not be outsourced & this is one of the most expensive mistakes you can make in early startup days.
- Do not take agreements like equity distribution, exit clauses & terms of agreement when you raise money at face value & lightly. Think it through as these have significant long term impacts.
- Your decisions in your startup should be always based on how much it benefits your startup, employees, shareholders & end users. Try to emotionally detach and this helps you make smart decisions at the right time.
- More Equity for a Co-Founder means more Accountability premium. Its like a promise he/she makes to create more value for the stakeholders.
- Small equity stakeholders create more trouble.
- The Team delivers value over a period of time.
- Phantom Stock cane be issued to the stakeholders, this ensures that they have no voting/veto powers to block key decisions.
- You should keep the initial arrangement of equity distribution simple.
- Know thy Co-Founders, most successful ones know each others strengths & weakness.
Arun Purohit - Military insights in Stratups
- Focus on time & punctuality
- Build values top down in your organisation & do not compromise on hiring smart, quick learners & diligent people. Design your own test :)
- Accept hard realities as an entrepreneur and take up things you are passionate about.
- Dedicate yourself to one art & do it well. Be a man of the moment and do not try to mix roles at one given point of time.( e.g. father not giving attention to kid as he was worried about business .... & then worrying about kid while at business..)
- People pay you for a great experience so focus on bringing that to life.
- Punish undesirable behavior & be a soldier first then an officer. Point being know the art of things that involves in running a startup.
Ajay Bhagwat - Renu Electronics
- A leader is face of the company and there's always a single leader.
- A CEO is the guy who has the answers to all the questions or atleast knows all the answered questions. Period.
- Advisors are very important for a startup and each should have atleast one.
- Success is when you discover the formulae to repeat it & hence scale it.
- Beware with false sense of security, plan plan plan & execute meticulously with data on the table.
- Importance of a Product Manager.
- Paint a picture where you wanna go and then execute with all your capabilities to get there.
- create value for investors, employees, customers & vendors
PS: Books suggested to read - Good to Great by Jim Collins & Siddhartha by Herman Hesse.