Tue.Dec 18, 2012

Hire For Cultural Fit Over Competence

Feld Thoughts

This first appeared in the Wall Street Journal’s Accelerator series last week under the title Cultural Fit Trumps Competence. Also, I’m going to be doing online office hours with the WSJ on Friday 12/21 at 3pm ET – join and ask questions! The first people you hire in your startup are critical to your company’s success. So it’s easy to say that you need to hire the “absolute best people you can find.” But what does this actually mean?

Hiring 104

21 Quick Quotes From The New OnStartups Book

OnStartups

tl;dr Woo hoo! There is a brand-spankin' new OnStartups book available. All royalties that I make will be donated to Kiva to help entrepreneurship worldwide.

Trending Sources

11 Silent Enemies that Wreck Havoc in Life

Life Beyond Code

When you have enemies like these internally, you don’t need external enemies to wreck havoc. Fear of Failure. Every one has fears of failure but your degree of fear of failure will determine your degree of inaction on things that matter.

Bad Business Habits That Make You Hate Your Company

Mike Michalowicz

Bad Business Habits. There was a time that you loved your work. Maybe you started the business yourself, or you joined a company that was going to take you places. But things have changed, and you hate your company. You dread coming to work.

LLC 46

Plans are nothing, but planning is indispensable

Chris Dixon

It is widely believed that writing a business plan is a waste of time, because: 1) very few people will read it, and 2) you’ll end up changing it along the way. This is all mostly true.

More Trending

Why Dublin's Tech Scene Is Booming

Inc Startups

Following in the footsteps of Google and Facebook, tech start-ups from around the world are now flocking to Dublin. You've heard of Silicon Valley, Silicon Alley, and, by now, likely Silicon Prairie, but across the pond, there's another tech hub making quite a name for itself.

Instagram : follow your dreams, CANCELLED

Fred Destin

The great interweb is in an almighty furore over Instagram's changes in terms and conditions (thank you NY Times ) which allow them to fully monetize new user content and which they tried to pass off a way to fight content spam.

5 Critical LinkedIn Optimizations That Take 5 Minutes or Less

Inc Startups

Does your LinkedIn profile make it look like you're hiding something? Five quick, essential updates. LinkedIn has become the de facto--and therefore the most powerful--social network for business. In case you weren't yet aware, LinkedIn is rolling out a revamp of the user profile.

Startups Looking to Hire CU Students?

Feld Thoughts

In the Startup Communities , I talk extensively about leaders and feeders. I assert than anyone in the startup community should be able to start / create / do anything that is helpful to the startup community. They don’t have to ask permission – there is no VP Activities in a startup community. I also talk about how the students are the precious and most valuable resource of a university. This morning I got the following email from Fletcher Richman, a student at CU.

Programming Your Culture

Ben's Blog

I do this for my culture. To let them know what a nigga look like when a nigga in a Roadster. Show them how to move in a room full of vultures. Industry is shady, it needs to be taken over. Label owners hate me, I’m raising the status quo up. I’m overcharging niggas for what they did to the Cold Crush. Jay-Z, Izzo (H.O.V.A.). Ask 10 founders about company culture and what it means and you’ll get 10 different answers.

The Power of Thinking Long-Term

crowdSPRING Blog

Amazon is an unusual company. It focuses on the long-term (typically 10 to 20 years) instead of short term (typically quarterly earnings).

Heroes in Our Failures

VC Confidential

Below is the overview from my talk this year at the Credit Suisse Entrepreneurs' Summit at Sundance. Maria at BuiltInChicago ( click to join ) encouraged me to post on this, so here goes. The Hero’s Journey. Matthew McCall. Partner at New World Ventures and Co-Founder of Draper Fisher Jurvetson Portage Venture Partners. As one of the most respected venture capitalists in the country, Matthew McCall has plenty of hands-on experience and advice for entrepreneurs.

The Power of Praise

Inc Startups

Do you only pay lip service to the value of praise and recognition? Here's a good way to find out. Someone you know deserves recognition: an employee, a vendor, a customer, a connection, a company. Someone has done something awesome for you. They labored. They sacrificed.

Your business in the Gartner Hype Cycle

Venture Cyclist

I was recently asked to contribute to a series of articles for the Scalable Startups project at UC Berkeley. The first of my articles is now up and available for reading. Most new businesses that are based on new technology of any kind are at the mercy of the Hype Cycle.”

On Why We’re Pivoting from Mobile-first to Web-first

Gust

Consider this (emphasis is mine): Ads are the Internet’s tax on users who want free apps and websites. Allmost all free apps and services have ads.

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3 Steps for Motivating Your Team

Inc Startups

Successful businesses are built around people, not ideas. Here's how to keep your team motivated and working toward a common goal. While many of us spend time searching for the "right idea," most entrepreneurs recognize that what really makes businesses successful is the right team.

Building a Startup is Navigating an Obstacle Course

Startup Professionals Musings

It would be no fun if starting a business was simply plotting a straight line between your idea and success, with no challenges along the way.

Programming Your Culture

Ben's Blog

I do this for my culture To let them know what a n@#!a a look like when a ni&%!a a in a Roadster Show them how to move in a room full of vultures Industry is shady, it needs to be taken over Label owners hate me, I''m raising the status quo up I''m overcharging n$%^a for what they did to the Cold Crush —Jay-Z, Izzo (H.O.V.A.). Ask 10 founders about company culture and what it means and you’ll get 10 different answers.

Entrepreneurial Re-entry — Businesses for Moms

A Smart Bear: Startups and Marketing for Geeks

Recently Gotham Gal opened the question: What does workforce re-entry mean for the modern mom?

The Next Web introduces 12 local Startup Awards to celebrate entrepreneurship across Europe

The Next Web

Startup founders and investors across the world love The Next Web, and we love them right back. Today, we’re introducing a new initiative called Startup Awards , in an effort to celebrate entrepreneurship anywhere – though we’re starting in Europe.

Email Marketing: It's Not Dead Yet

Inc Startups

Here's what you can learn from how some of the big box retailers used emails to boost sales in 2012. Don't discount email marketing just yet. This week, Bloomberg reported that the old-school email outreach is showing new signs of vitality in a marketplace overrun with apps and social media.

Share Your Wifi Karma

YoungUpstarts

“Remember to set a password for your WiFi, otherwise you may compromise your online security and attract leeches.” ” “Bandwidth and mobile data is precious. There’s never enough of it.” ” “Sharing is for losers.”

More Charts: Murders, GDP, Inequality

Diego Basch

I decided to plot country murder rates against gross domestic product per capita, and also against Gini coefficients. I scraped the data from these sources (.csv csv files at the end of the post if you’d like to use them). GDP per capita (Wikipedia). Intentional Homicide Rates (Wikipedia).

Chile 10

4 Tips to Expand Your Niche Business

Inc Startups

The potential opportunities might be much bigger and broader than you think. Think outside your niche with these tips. Niche businesses are great and terrible at the same time. On the plus side, you get to laser focus on a market and product set.

What Job Are Your Customers Hiring Your Products To Perform?

crowdSPRING Blog

If you are an entrepreneur or small business owner developing a new product or service, how can you figure out what jobs people want done that they have difficulty doing? If you have an existing product or service, how can you improve that product or service to increase sales?

10 Biggest Holiday Party Faux Pas

Inc Startups

There's only one rule of office parties: Enjoy the entertainment; just don't be the entertainment. Check out the worst offenses.

Scoopshot Makes Crowdsourced Photo Commissioning More Appealing To Professional Photographers

ArcticStartup

Crowdsourcing is more than a buzzword; generating content from a broad audience has been a disruptive force in number of industries.

Why 'Whatever' Will Sink Your Business

Inc Startups

It's easy for staffers and loyal customers at a start-up to get burned out. How to keep the focus on the right things. Remember when parents used to really care about their kids talking back or cursing? Now, we have a single word that sums it all up for an entire generation: “Whatever.”

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RusBase Launches With An Aim To Solve All Your Russian Needs

ArcticStartup

When you hear that somebody is going to invest $3 million dollars into a company that is aiming to create a local version of CrunchBase and a platform for linking worldwide venture capitalists to the Russian startup ecosystem, your eyebrows should shift slightly upwards.

We Grew So Quickly We Had to Shut Down

Inc Startups

This entrepreneur's business grew so quickly that she had to shut down to get a handle on things. What she wishes she'd done differently. After opening my own firm, one of the first things I had to do was to close it. Yes, this was temporary, but it still wasn’t quite what I had envisioned.

Another Financing Risk

David Lee

This post is designed mainly for companies raising their first seed or VC round of $500K-1 M and have multiple entities who want to fund them. In the past year, we’ve tried to help many companies with acquisitions - specifically when they are running low on cash and are unable to raise more. For a few, we wonder if they would have had a different outcome if they had different investors. I’ll describe by illustration.

Non-Technical Founder? 3 Ways to Be Useful

Inc Startups

Can't code? A fellow non-technical founder lays out ways you can add value in the very early days of your start-up. Hackers are the magicians of the start-up world, conjuring real-world products out of hazy ideas, and they're both highly sought after and lionized for it.

Online Network myRight Helps You Know Your Rights (And Wrongs)

YoungUpstarts

Most of us aren’t familiar with the law – in fact, most of us probably try to avoid having anything to do with it until we’re forced to by some unfortunate circumstance. But what happens when you’re plunged into a situation where you need to know about your legal rights?

What Every Boss Really Wants For Xmas

Inc Startups

What do bosses really want for Xmas? See if your list is the same as the one in this heartfelt letter to Santa. Dear Santa, I have been a very good boss all year. I led my team with passion and a clear vision. I tried to be fair and honest. I did my best to make good decisions.