By Dan Shapiro
What avoidable challenge destroys extra younger startups than the other? Why is it a mistake to invite for introductions to traders? while do you play the CEO card? if you promote out? writer and four-time founder/CEO Dan Shapiro tells the tales of dozens of startups whose businesses lived and died by way of the recommendation in those pages. From inception to destruction and triumph to melancholy, this rollercoaster learn takes aspiring marketers from the highs of billion-dollar payouts and market-smashing luck to the depths of impostor syndrome and financial ruin.
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Extra info for Hot Seat: The Startup CEO Guidebook
Most founders don’t understand founder vesting. In fact, many founders—seeing only part of the picture—have found themselves at loggerheads with their cofounders about it. ” They can even trigger fears about being fired or shut out of the company. And not unreasonably so; it’s common for companies that make it to a successful exit to lose at least one founder along the way, although no one likes to think of it. So remember the virtues of an early bankruptcy. Use this as an opportunity to clear landmines and practice your decision-making abilities.
That’s the final question. And a concluding note on that: MediaPiston, Joe’s solo startup, wasn’t Joe’s last company. 3 A Finicky Note on the Linguistics of Cofounders The “co-” is clunky. Aren’t founders just founders? Should they have some special label because they weren’t the only ones? com. 3 Former Urbanspoon founder Ethan Lowry. ” If I’m describing them individually, I’ll describe them each as founders. That is the convention I’ll use throughout this book. info | 3 Deciding on the Dream What Is Your Company Going to Do?
Just do one more thing: give or sell one share to someone else. Pick a trusted advisor or mentor. You now have a tiebreaker. You can’t paralyze the company through indecision—that one person will keep you honest and make sure you reach agreement, because if you don’t, you’re going to be giving away control of the decision to your tiebreaker. No matter which way you do it, this is going to be painful. It’s going to involve excruciating conversations. You will not finish it in one sitting. You will not feel good about the process.