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jerryking : fred_wilson   16

MBA Mondays: Turning Your Team
August 12, 2013 | – AVC | Fred Wilson.

A serial entrepreneur I know tells me "you will turn your team three times on the way from startup to a business of scale." What he means is that the initial team will depart, replaced by another team, which in turn will be replaced by yet another team....Companies scale and the team needs to scale with it. That often means turning the team.

The "turning your team" thing probably makes sense to most people. But executing it is where things get tricky and hard. How are you going to push out the person who built the first product almost all by themselves? How are you going to push out the person who brought in the first customer? How are you going to tell the person who managed your first user community so deftly that their services are no longer needed by your company?

And when do you need to do this and in what order? It's not like you tell your entire senior team to leave on the same day. So the execution of all of this is hard and getting the timing right is harder.
advice  business  scaling  teams  start_ups  Fred_Wilson  turning_your_team  turnarounds  execution  judgment  serial_entrepreneur  think_threes 
october 2016 by jerryking
The Similarities Between Building and Scaling a Product and a Company – AVC
August 15, 2013 | AVC | by Fred Wilson.

Once you have a successful product in the market, you need to turn your attention to scaling it. The system you and your team built will break if you don't keep tweaking it as demand grows. Greg Pass, who was VP Engineering at Twitter during the period where Twitter really scaled, talks about instrumenting your service so you can see when its reaching a breaking point, and then fixing the bottleneck before the system breaks. He taught me that you can't build something that will never break. You have to constantly be rebuilding parts of the system and you need to have the data and processes to know which parts to focus on at what time.

The team is the same way. Your awesome COO who helped you get from 30 people to 150 people without missing a beat might become a bottleneck at 200 people. ....
How you fix your system and how you fix your team depends on the facts and circumstances of the problem. There is no one right answer. The key is removing the bottleneck so the rest of the system can work again. ...It is harder to instrument your team the way you can instrument a software system. 360 reviews and other feedback systems are a good way to get some data. And walking around the company, doing lunches with managers who are one level down from your senior team, and generally being open to and available for feedback is the way you get the data. When you see that someone on your team has maxed out and the entire system is crashing as a result, you need to act.
Fred_Wilson  scaling  teams  professional_service_firms  bottlenecks  COO  instrumentation_monitoring  soft_skills  turning_your_team 
october 2016 by jerryking
Contextual Runtimes – AVC
Benedict Evans is such a great analyst and his insight into the web>mobile transition has been consistently prescient and helpful to investors, including USV and me personally.

A couple days ago, he penned “16 mobile thesis” which is a must read for anyone building a mobile/internet company or investing in that sector. These 16 theses are organized roughly chronologically, starting with what has largely happened, followed by what is happening, and ending with what may happen.
Fred_Wilson  mobile  mobile_applications  runtimes  platforms  insights  mobile_first 
august 2016 by jerryking
Fred Wilson Turns Lost Ideas Into Ventures
January 30, 1996 | WSJ | by Udayan Gupta.
Profiles Fred Wilson of Euclid Partners, a New York venture-capital fund. His business of luring executives from big corporations and giving them new lives as entrepreneurs; Focus on forming new companies from projects which are struggling to get attention inside large corporations; Success of companies he has helped to finance.

...To find new projects, Mr. Wilson chats up contacts and scours newspaper and magazine pages for corporate projects that might have an entrepreneurial flavour. He...
New_York_City  venture_capital  vc  Fred_Wilson  spin-offs  profile  large_companies  brands  internal_projects 
july 2012 by jerryking
Amazon.com: Do More Faster: TechStars Lessons to Accelerate Your Startup (9780470929834): Brad Feld, David Cohen: Books: Reviews, Prices & more
Do More Faster
via A VC by Fred on 11/3/10

I just finished reading Do More Faster. My friends Brad Feld and David
Cohen, who founded Techstars, took all the lessons and mentorship that
is provided to the teams in the Techstars program and put it together
into a book.

Do More Faster is part entrepreneurship textbook and part startup
torah/bible. If you start companies or want to do that in the future, Do
More Faster is a book you need to read and own.
Fred_Wilson  venture_capital  vc  lessons_learned  angels  start_ups  entrepreneur  productivity  books  Amazon 
november 2010 by jerryking
L. Gordon Crovitz Says Venture Capitalists Are Too Market-Oriented for Bailout Money - WSJ.com
MARCH 2, 2009 WSJ column by L. GORDON CROVITZ opines on venture
capital, government bailouts and the problem of adverse selection. in
response to Tom Friedman piece in th NYT urging bailout funds for
venture capitalists.
L._Gordon_Crovtiz  venture_capital  Tom_Friedman  bailouts  Fred_Wilson  moral_hazards  adverse_selection  industrial_policies  market_discipline 
march 2009 by jerryking

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