Business

Startups And Running

running on the beach

Last week, I had an interesting talk with a friend about the common set of skills you need in order to create a successful (big) project. In most cases, the planing phase is important but not the most challenging one. The execution is the real deal.

It’s the ability to push on when things are falling a part. As someone said: “Everybody has a plan until they get punched”. This is why grit is a critical aspect.

We later talked about another passion we shared: long distance running. It wasn’t too hard to see the similarity in characteristics of great entrepreneurs and runners.

From my experience, in both cases, it’s about the people that you meet in this clan and the willingness to help and support each other. In most cases, it’s not a direct competition, but rather a huge challenge to make it to the end. Where each individual define the ‘end’ differently.

Sure enough, someone already did a ted talk on this topic. Continue reading

Standard
Business

Innovation From One Startup

These are the slides from my talk today at Google IL Office.
It covers:
1. Google’s past, present and a bit of the future.
2. Google’s 5 principles of innovation.

If you are an entrepreneur, there are some good principle to take to your venture (especially from slide 23).

SFO bride to startups

Standard
Business

Failure Is Part Of The Game

blue in the dessertLast night, I read this article. What I like most was the short paragraph that gave few recent examples of ‘big’ failures:

…With original ideas, failure is inevitable, because it’s impossible to predict how technologies will evolve and tastes will change. Mark Cuban passed on Uber. In the early days of Google, Larry Page and Sergey Brin tried to sell their search engine for less then $2 million, but their potential buyer turned them down. Publishers rejected Harry Potter because it was too long for a children’s book. Executives passed on Seinfeld for having incomplete plot lines and unlikeable characters. Pay a visit to Jerry Seinfeld’s bathroom, and you might find a memo hanging on the wall that calls the pilot episode of Seinfeld “weak” and says “No segment of the audience was eager to watch the show again.”

We know that most startups will fail. Moreover, in many cases, they will fail even if they had a good idea and executed well (see: “Why Startups Succeed” for more details).
So be willing to fail and try again.
You are in a good company.

Standard
Business

How To Start? The Execution

Build something people loveThis is the last part from four presentations I did to a course for young entrepreneurs. In the last three lessons: Idea, Product and Team I did my best to focus on the things that will move the needle for you at the early stages. This fourth lesson is all about execution and it might be the most critical part. Continue reading

Standard
Business

How to Start? The Team

Build something people love

This is the third part of four presentations I did to a course for young entrepreneurs. The slides are as brief as possible because they meant to give just the framework. The real content is pass verbally.
However, the main points to pay attention are:

  • In many aspects, finding a great co-founder is like finding a partner for life. You should do your best to seek for someone you can trust and spend time with during circumstances that will be very challenging. The ‘honeymoon’ will pass quickly, so make sure it’s someone you want to have with you on a deserted island, because this is what ‘startup life’ will look like after few days. It’s important that your skills will complement each other. So if you are the technical person, you should find a partner that is strong in business, marketing, sales etc’.
  • You should pick the initial team members by their resourcefulness and passion (or determination) to the mission of what you are trying to accomplish. A good way to look on the ‘founding team’ is for people that could have been co-founders if the timing was right. Another great way to look on these first hires as people that you would have feel comfortable to report to.
  • Hire only when you desperate – So do everything first and only hire when there is no other option.
  • Hire true experts. The difference between an ‘OK’ developer and a true expert is unbelievable. At the early stages, it’s critical to build an ‘A Team’ because these type of teams create ‘A companies’.

Continue reading

Standard
Business

Campus TLV, Google Cloud, IoT And Some Tips

Accelerating Your Hardware and IoT StartupsToday I had the pleasure to take part in this conference.
The talk covered three topics:
1. Campus TLV offering for entrepreneurs – Every week, I have the pleasure to spend few hours mentoring startups at the Campus. It’s a great way to help others and to hear about new interesting challenges. I wanted to raise the awareness to the (free) programs that the Campus offer developers and entreparnuers, so this was a classic opportunity.
2. Google Cloud offering for the IoT world and for startups for startups.
3. Tips from my experience on ‘how to start’ your startup and make it a succesful business.

Continue reading

Standard