Tag

wsj

Mentor Whiplash About Early Board Members

At TechStars, we talk often about “mentor whiplash” – the thing that happens when you get seemingly conflicting advice from multiple mentors. Talk to five mentors; get seven different opinions! This is normal, as there is no right or absolute answer in many cases, people have different perspectives and experiences, and they are responding to…

Sometimes Failure Is Your Best Option

This post originally appeared last week in the Wall Street Journal as part of their Accelerators Program in answer to the question “When and how should you wind down a failing business.” Some entrepreneurs and investors subscribe to the creed “failure is not an option.” I’m not one of them. I strongly believe that there…

Ignore Trends and Predictions

This first appeared in the Wall Street Journal’s Accelerator series last week under the title Don’t Believe the Hype. Every year, at this time, I get a flurry of requests for my “predictions for 2013” or “exciting, hot, new trends for 2013 that I’m looking at.” I respond with “I don’t care about trends and my only…

Hire For Cultural Fit Over Competence

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…