[HN Gopher] What we learned in studying the most effective founders
       ___________________________________________________________________
        
       What we learned in studying the most effective founders
        
       Author : liuxiaopai
       Score  : 169 points
       Date   : 2022-06-16 08:56 UTC (14 hours ago)
        
 (HTM) web link (blog.google)
 (TXT) w3m dump (blog.google)
        
       | resters wrote:
       | Here's my list of the traits had by the most effective founders:
       | 
       | - strong will to make the vision a reality
       | 
       | - humility to update the vision when appropriate
       | 
       | - natural ability to motivate people to work toward the vision
       | 
       | - the ability to focus and to keep the team focused
       | 
       | - the ability to explore and to keep the team exploring
       | 
       | - the ability to present and fundraise effectively
       | 
       | - luck
       | 
       | All but the last item are not very scarce characteristics
       | (roughly 1 in 200 people has them all in sufficient quantity to
       | succeed as a founder).
       | 
       | The last one is where it gets difficult, and at every iteration
       | the impact of luck gets amplified, to the point where it is
       | actually the signal that everyone is looking for to "pile on" to
       | an early stage endeavor.
        
       | leetrout wrote:
       | I do not understand "treat people like volunteers".
        
         | honkler wrote:
         | pay your employees peanuts
        
         | feelepxyz wrote:
         | I think the idea is to treat employees you pay as if they where
         | doing it for free. Say you give a boring task that's not
         | meaningful to a volunteer they'll just up and leave as they
         | won't gain anything from it.
        
           | lmeyerov wrote:
           | It's similar to hiring on mission: ensure alignment between
           | what the person wants to do and what the company needs done.
           | The more out of alignment, the more costly in energy, $,
           | time, management, QA, etc. it becomes, and the less likely
           | bottom-up innovation happens.
           | 
           | In this case, a volunteer is a nice mission-less proxy. Is
           | some work engaging for the owning employee, or do you need to
           | get someone else on it, or even switch to outside staff for
           | it?
        
           | ALittleLight wrote:
           | That seems like a confused idea of both volunteers and
           | employees. To whom should boring tasks be given? If I
           | volunteer at a place it's because I believe in the mission
           | and if I work at a place it's because I want to get paid.
           | Either way, if boring work is what's needed, that's what I'll
           | do.
        
           | kareemsabri wrote:
           | I read it this way as well. That said, sometimes boring work
           | needs to be done too. Who does it in this framework?
        
             | SkyPuncher wrote:
             | It's about ensuring there's a mix and an opportunity to
             | work on different types of work.
             | 
             | It's okay to have boring work. It's challenging to _only_
             | have boring work.
        
         | rokhayakebe wrote:
         | Preach the Mission, Not the Pension
        
         | rvba wrote:
         | I read it as: "Dont pay them the market rate, squeeze them like
         | lemons - and make them earn peanuts, for the grand vision of
         | getting equity later".
         | 
         | Like in those sweatshops in third world countries. (Although
         | sweatshops dont give equity)
         | 
         | So 60-70 hour weeks.
         | 
         | Does this work in Silicon Valley?
        
           | commieplant wrote:
           | This is a pretty negative take. Have you done work out of a
           | sense of purpose rather than for just a salary?
           | 
           | It's about treating people like they have personal interest
           | in the mission of the organization and working towards a
           | common purpose. And not to treat them like your personal wage
           | servants.
        
             | honkler wrote:
             | my sense of purpose is towards my family, co-religionists,
             | and god. I'm not delusional enough to wake up at 6AM and
             | come to office at 8AM for anything other than money.
        
             | helloworld11 wrote:
             | If you're the owner/founder of a startup and have
             | employees, there will be little common purpose at a
             | fundamental level. Your priority is making the company as
             | successful as possible at least reasonable cost, theirs is
             | usually extracting as much value from their job for
             | themselves at least effort. This doesn't apply in all
             | companies absolutely but most of the time talk of "we're a
             | family" or "team effort!" is PR drivel, that more often
             | than not goes out the window in a hurry when things get
             | down to the squeeze. If the owner/founder didn't want to
             | have the priority I mentioned above, they could have
             | started a sincere nonprofit, not a money making investment
             | venture. Likewise for staff.
        
             | rvba wrote:
             | Most of my work is done out of sense of purpose. A lot of
             | things I do are good, while they could be half-assed (and I
             | know that other half ass them - e.g. shoddy work inherited
             | from my predecessors). I have situations where I did work
             | that is solid and hasnt been reviewed by anyone since they
             | trust me (what is probably a bad business practice, but
             | that is irrelevant for this discussion).
             | 
             | I had to write this long introduction because you started
             | name calling. Apparently everyone who doesnt want to work
             | in sweatshop like conditions only works for a salary. Maybe
             | this is news for you, but most people want an easy job that
             | treats them well. But treating employees well (e.g. fancy
             | office in trendy part of town, cool company swag with
             | logos) is not really aligned with the priorities of a cash
             | starved startup. The startup probably should try to cut its
             | expenses to the bone and focus on necessities - by for
             | example running first from a garage, or a home. It is very
             | likely that the startup will pivot its business model few
             | times before it becomes cash positive, so it should try to
             | limit cash outflows as much as possible (even just to
             | survive for the next round). Yes, there are startups that
             | become cash positive fast (what is probably great way of
             | doing business), but it is relatively rare. Most start ups
             | need to survive few lean years. Although there are
             | obviously companies made to grow as much as possible and
             | sell the bag (of shit) to some bagholders - their CEOs
             | focus most on marketing than building a product that
             | actually works. Every start-up is after all a promise - we
             | need your cash now, that we will translate into a
             | successful equity later.
             | 
             | But coming back to the alignment between what
             | companies/start-ups wand and what employees want - they
             | want different things. Companies mostly want to generate
             | cash (or the owners want to sell the bag to someone else if
             | they cannot generate cash), while employees want a nice
             | salary. Yeah, some want to do impressive stuff, but most
             | people dont. Those people who want a salary probably dont
             | fit the start-up crowd anyway, but can you really tell?
             | Squeezing some fresh grads like lemons in a start-up
             | happens all the time. They just dont know better and accept
             | the biggest sin of sweatshop-like companies: overtime.
             | 
             | Startups are known for overtime. If the leader can get some
             | cult-like group who will sit 70 hours per week, then there
             | is a bigger possibility of success than a start-up where
             | workers work 40 hours. Although this is not an easy
             | subject, because hours spent probably not always translate
             | to effective hours. Someone can do 30 effective hours out
             | of a 40 hour work week, while someone can have 50 hours out
             | of 70. It is also possible that someone has 10 out of 70.
             | But generally the overtime is sort of productive, even if
             | this leads to burnt out employees, as I wrote before -
             | those fresh grads are fueled by enthusiasm and dont know
             | better. So a sociopath who will exploit them makes a great
             | leader.
             | 
             | And mission of the organization is just to earn as much
             | cash as possible for its owners and employees. Most
             | companies dont have any real vision, it is some marketing
             | bullshit (for start-ups), or something done by consultants
             | on a corporate retreat. Even in a startup most employees
             | probably dont know the vision. Or they are smart enough to
             | know it, but do they believe in it? If your start-up is
             | rewriting Excel pivot tables in Rust, is there really some
             | grand vision? "We are building revolutionary product that
             | will ease up lives of many people". Seriously, take the
             | vision of one company and apply it into another - often it
             | works. And I dont say that lack of vision is bad. But most
             | companies just want to make the top product that is the
             | first choice for customers. This means happy customers and
             | money for the company. Rest of this is just marketing
             | trying to build some sort of a cult. Unless your startup
             | plants trees in Amazon or cures cancer, the vision is just
             | to be a successful company. Obviously you cannot tell that
             | to people, a good CEO is supposed to do the dance and
             | create a whole brand (preferably out of nothing - because
             | there is no money for marketing). Probably easier to sell
             | bullshit if you believe in it, but at the end of the day is
             | still bullshit. I also have to sell bullshit from time to
             | time (everyone who manages people does), but at least I
             | know that it is bullshit. And yeah, I know the mission of
             | my organization, it actually makes a lot of sense, but
             | still it is just bullshit used to hide the real reason why
             | the company operates - to earn cash for owners and (to some
             | degree) employees. If you earn doing something that is
             | good, then even better, but come on - how many Jupiter
             | notebooks can you rewrite in Go and will your C++ uber for
             | pets will be really revolutionary?
             | 
             | If you take CEO A, who builds this hypothetical uber for
             | pets and sells some bull that makes the employees work 70
             | hours per week and compare to CEO B, who makes them work 40
             | hours, the first one will probably be more successful. At
             | the few year time frames (life before a start-up succeeds
             | or fails), the employees from company A will probably not
             | burn out, while company B can burn out its cash reserves
             | and have no product.
        
               | anon2020dot00 wrote:
               | Hacker News is backed by YC so expected that Hacker News
               | community will be more biased towards start-up culture
               | while your initial posts and subsequent comment just
               | seems unbalanced towards negativity.
               | 
               | Not all start-ups are made equally; some probably have
               | the abusive culture that you describe while others are
               | more fair to their employees and have a more win-win
               | outcome.
        
           | cyborgx7 wrote:
           | >I read it as: "Dont pay them the market rate, squeeze them
           | like lemons - and make them earn peanuts, for the grand
           | vision of getting equity later".
           | 
           | In what context are volunteers treated like that?
        
             | rvba wrote:
             | Volunteers work for free also usually there are too few of
             | them (there can be lots of "volunteers" but only few are
             | contributing, so they are overworked).
        
         | rq1 wrote:
         | As in "like volunteers, not like slaves".
        
         | SkyPuncher wrote:
         | We try to practice this on my team. Essentially, it comes down
         | to aligning people with their interests. We've found it's far
         | better to optimize interest against projects than it is to
         | optimize skillset. We've found people working on the problems
         | they prefer tend to dive in more deeply, care more, and
         | generally produce better results for our customers. Once people
         | feel like they're just being dragged through the motions, they
         | tend to put only the minimal effort in to collect a check.
        
       | mromanuk wrote:
       | > What we learned in studying the most effective founders
       | 
       | Probably the meaning of survivorship bias.
        
       | Chris86 wrote:
       | Is it really 'learning' if there's literally nothing new
       | uncovered? -\\_(tsu)_/-
        
       | alanlammiman wrote:
       | Tldr - Effective leaders do x, y and z. Ok, how do you know they
       | do those things? We ask people. How do you know they're effective
       | leaders? We ask (presumably the same) people. What's the sample?
       | Startups that people have selected to be in our accelerator
       | (presumably based on, among other things, whether the leaders
       | were deemed to be effective by our people). So many issues with
       | the analysis that its hard to tease out anything of value. This
       | from a company that hires a gazillion phds. Sigh.
        
       | dahart wrote:
       | > This observation aligns with what is known as the Dunning-
       | Kruger effect, where overconfidence at the start of the journey
       | helps founders get started, but discouragement and self-doubt set
       | in soon after
       | 
       | It's refreshing to see mention of the DK effect linked to a more
       | recent paper, one where the original authors are amending
       | (contradicting) their original work. But I have never ever seen
       | the DK effect mentioned in a context where it actually works as a
       | reasonable explanation of human behavior, this post included. For
       | example, if we take these papers at face value, one of the few
       | things they actually do show is that there is a positive
       | correlation between confidence and what they call "performance";
       | the more confident someone is in themselves, the more likely they
       | are to be right about it. The most common (mis)conception of DK
       | is the opposite of that. Being confident and then having reality
       | set in is not what DK measured. Really, the only use DK has is a
       | way for the speaker/author to position themselves as smart &
       | authoritative by citing their awareness of it, often as if
       | knowing of it helps you avoid it.
       | 
       | The original paper just did not measure anything even remotely
       | close to startup success by founders, and thus it's conclusions
       | simply do not carry into this context. The paper did not measure
       | any kind of job performance by any professionals. It didn't
       | measure complex tasks either. The tasks were basic and academic,
       | e.g., a little grammar, ability to get a joke (seriously!), and
       | the primary statistics they gathered were based on people ranking
       | themselves against others whose performance they didn't know, not
       | primarily on isolated or objective self-evaluation. The sample of
       | people was a tiny(!) set of Cornell undergrads(!) volunteering(!)
       | for extra credit. There are just _so_ many things wrong with
       | assuming this work represents real human behavior, and the paper
       | was misleading and is so completely misunderstood that I wish
       | references to it would just stop: they're never correct and never
       | useful.
        
       | hartator wrote:
       | Don't "Protect the team from distractions." and "Invite
       | disagreement." contradict a bit each other?
        
         | SkyPuncher wrote:
         | Can you expand further on why you think these are
         | contradictions?
         | 
         | In my book, you can actively have both. Protecting from
         | distractions often means helping the team feel like they can
         | say no to anything that isn't the most critical work. Inviting
         | disagreement simply means that you tell your team you want
         | dissenting opinions.
         | 
         | For example, if you feel like the team is working on a few
         | unnecessary projects, you can help them say "no" (protect from
         | distractions). However, you shouldn't just do it blinding. That
         | project may actually be valuable, but not in the way you
         | anticipated on the surface.
        
           | hartator wrote:
           | There is obvious distractions. For a random SaaS: e.g.,
           | "Let's make our own coin on the blockchain" and there is
           | obvious healthy disagreements. e.g., "Let's be very
           | aggressive on pricing."
           | 
           | And I think it's already pretty obvious what to do.
           | 
           | But what it's difficult is always the grey area. "Let's
           | support Bitcoin as payment gateway". And this two tenets
           | become contradictory.
        
       | diob wrote:
       | I'm honestly more interested in studying the most ineffective
       | founders.
       | 
       | We spend too much time focusing on survivors, when I feel like
       | the best learning comes from looking at failure.
       | 
       | I'd be willing to be there's a lot of failed / failing companies
       | out there doing the exact same thing as the "most effective
       | founders", so what makes them different? I'd be interested to
       | know.
        
         | theptip wrote:
         | My intuition is that there are an infinite number of ways to
         | fail, and the number of ways to succeed are much more scarce.
         | So it's good to study both, but studying success is often more
         | informative. You definitely want to be intimately aware of the
         | common failure modes.
         | 
         | I'd be very surprised if lots of failing companies are doing
         | the _exact_ same as the most successful ones. Maybe cargo-
         | culting all of the things, or actually doing _most_ of the same
         | things but missing one necessary thing. There is an element of
         | luck to it for sure, but the intangibles like business
         | strategy, product market fit iterative discovery, hiring,
         | managing, developing people, are all quite hard to pin down in
         | pithy summaries. The best startups get these right either by
         | meta-level luck of happening to have the right skill set for
         | the problems they ended up facing (vs. rolling a natural 20 on
         | a skill check with the same stats as other founders) or by
         | actually working harder on acquiring the skills that they most
         | need to develop. But doing these (hard, time-consuming) things
         | well is uncommon.
        
         | [deleted]
        
         | boringg wrote:
         | I'd bet it's fundamentally misunderstanding the market that
         | they go into. So many companies/founders rip the same playbook
         | and go headstrong into a market without understanding all the
         | nuances. That's obviously a gross oversimplification but if I
         | was to choose the number 1 reason that's my guess.
        
         | aleksiy123 wrote:
         | Probably a good point.
         | 
         | Like that anecdote about the studying the WW2 planes that went
         | down vs the ones that made it back to see where to add more
         | armour.
        
           | theptip wrote:
           | To be fair, in that anecdote you are extracting meaningful
           | information just from observing the literal survivors, which
           | sort of points in the opposite direction to the GP's point.
           | 
           | I'd say examining survivors is useful and can provide
           | information, but you need to be careful to correct for
           | survivorship bias. But that's not to say you cannot gain any
           | information from examining cohorts of survivors.
           | 
           | I think most people probably under-correct for survivorship
           | bias so it's good general advice to highlight it.
        
             | ip26 wrote:
             | The insight of the plane story is turning it around,
             | though, to indirectly study the failures (which were not
             | available for study)
             | 
             | "What is it the successful planes do? Well, they _didn't_
             | get shot here (points)"
        
         | binbag wrote:
         | They looked at both and compared them.
        
         | jayd16 wrote:
         | Maybe not the most ineffective but it would probably be good to
         | rank factors by most likely to sink your business.
        
         | bko wrote:
         | I don't think that's why lists like this aren't useful. A
         | simple test would be imagine the reverse were true. For
         | instance, here is the effective traits from the article.
         | 
         | - Treat people like volunteers vs treat people like paid
         | employees
         | 
         | - Protect the team from distractions vs distract your team
         | 
         | - Minimize unnecessary micromanagement vs introduce unnecessary
         | micromanagement
         | 
         | - Invite disagreement vs squash all disagreement
         | 
         | - Preserve interpersonal equity vs treat people arbitrarily
         | 
         | - Keep pace with expertise vs ignore whats going on around you
         | 
         | - Overcome discouragement vs succumb to discouragement
         | 
         | The ineffective founds list would probably be something
         | similar, like "be a dick", "ignore your colleagues", "be
         | volatile", etc.
        
           | arcturus17 wrote:
           | "Treat people like volunteers" is such a double-edged concept
           | though. Many of the catastrophic founders I've seen treat
           | people like volunteers - in that they think passion will
           | overcome piss-poor retribution and working conditions. It's
           | easy to think about "treating people like volunteers" when
           | you've sorted out how to pay them at least close to market
           | rates. Then yea, seek how to inspire them... But first, you
           | may be better served if you treat them like professionals.
        
           | saiya-jin wrote:
           | I am 100% sure plenty of failed founders do all this and much
           | more. I understand the logic and emotions where this wish
           | list comes from, but reality tends to be more complex.
           | People, and companies change.
           | 
           | Ie being a dick at right moment may allow you to push through
           | situation that would make weaker / more moral ones fail. And
           | about gazillions of other possible examples that may be
           | counterintuitive.
        
           | zh3 wrote:
           | This is a great technnique, and is particularly effective
           | when working out if someone (especially a politician) is
           | saying something meaningful.
           | 
           | "We will strive to make people happier and more productive".
           | 
           | Who would say they strive for the opposite?
        
         | marcus_holmes wrote:
         | Simple science: you need a control group.
         | 
         | The whole "25 things that successful people do" completely
         | ignores the entire question of whether unsuccessful people also
         | do those things, and therefore whether those things have
         | anything to do with success.
         | 
         | Survivor bias is so prevalent in any thinking about "what makes
         | someone successful?" that yes, it would be much more effective
         | at this point to consider "what makes someone unsuccessful".
         | 
         | I'm willing to bet that the things we consider to be signs of
         | success are actually table-stakes, in that both successful and
         | unsuccessful founders do them, and the thing that actually
         | marks the difference between successful and unsuccessful
         | founders is luck.
        
           | emaginniss wrote:
           | "We have found that 100% of successful people breathe at
           | least once a minute"
        
           | christkv wrote:
           | I'm betting a ton read those books and articles and try to do
           | the 25 things and still fail.
        
           | systemvoltage wrote:
           | I'm gonna go even further and say that using statistics and
           | quantifying any of this is a futile effort. There are too
           | many variables and noise-factors to make any sense in
           | statistics.
           | 
           | Every company is unique and problems are different and in
           | different domains at different external conditions.
           | 
           | Statistics would just be a sample size of 1 and std dev of
           | infinity.
        
           | time_to_smile wrote:
           | > Simple science: you need a control group.
           | 
           | While controlled experiments are the ideal for hypothesis
           | testing, as someone who does stats for a living it's worth
           | point out _observational studies do exist_.
           | 
           | Entire fields, such as anthropology, depend entirely on
           | observational statistics. The field has also come a
           | tremendously long way in recent years with lots of very
           | useful tools coming out of the Bayesian community (applying
           | proper priors, multi-level modeling, inference on more
           | complex models) and the causal inference community.
           | 
           | McElreath's _Statistical Rethinking_ is a great text that
           | deals mostly with what I would consider the current state of
           | the art in observational techniques. Highly recommended if
           | isn 't already on your bookshelf.
        
             | marcus_holmes wrote:
             | I get that, but just studying one sample of the population,
             | deliberately ignoring any other grouping in that
             | population, and then drawing conclusions for the entire
             | population, is still ludicrous.
        
           | somethoughts wrote:
           | My hunch is that there would be an audience for this stuff. I
           | think the key to this is the go to market model for such
           | content.
           | 
           | There's a pretty established model regarding successful
           | founders who then write books about themselves. The audience
           | seems to be well known and if not presumably a successful
           | founder could self-publish their way to success.
           | 
           | The model for mediocre founders talking about their failures
           | is probably a tough sell to backers as the audience size is
           | unknown and if the founder is unsuccessful they won't be able
           | to self publish.
           | 
           | The best format would probably be a free podcast and where
           | some host would invite other moderately/less than successful
           | founders to talk about their ups and downs. The best bet for
           | the host would be some VC funded moderately successful
           | founder who's startup only 1.5x'd instead of 10x'd snd had to
           | sell the company and now had free time.
        
         | andreilys wrote:
         | _"All Happy families /founders resemble one another, but each
         | unhappy family/founder is unhappy in its own way."_
        
         | omarhaneef wrote:
         | Looking at the data, they seem to compare what effective[1]
         | founders do more frequently than ineffective founders, so they
         | do compare the two. The study sort of includes these % gaps in
         | practices of most and least effective founders.
         | 
         | [1] effective here is subjective and reported. They have a
         | discussion of why they don't use other metrics like company
         | valuations and it boils down to that data is harder to collect
         | I think
        
       | mdorazio wrote:
       | Kind of a click bait title from Google, which is disappointing.
       | This is really about characteristics of effective leaders, and
       | has little to do with effective entrepreneurship, sales, hiring,
       | engineering, etc. The points they suggest are also pretty
       | generically applicable (and have been recommended for decades) to
       | managers in general, so it's not clear to me what's different
       | about founders specifically here.
        
       | togaen wrote:
       | Banal drivel.
        
       | cokeandpepsi wrote:
       | Do good founders eat breakfast?
        
       | throwaway2016a wrote:
       | While there is some decent leadership advice in this article, I
       | can't help but to wonder: all these articles seem to focus on
       | personal leadership qualities, does anyone recommend good
       | articles that focus on other things like socioeconomic status,
       | college/degree level, age, etc? It seems intuitive that @$$hole
       | founders fail, but all things considered equal I intuition also
       | tells me these other factors are equality if not more impactful.
       | 
       | Edit: Couple minor typos.
        
         | tinco wrote:
         | I really liked the book "Super Founders" by Ali Tamaseb. It has
         | the information you're looking for at least, as well as a lot
         | of other interesting stuff.
         | 
         | Most significant property of billion dollar startup founders is
         | that they're more likely to have founded a multi million dollar
         | startup before. That doesn't necessarily mean that they're
         | super talented, but more that they've got the good qualities as
         | well as the required experience. Anyway the book has loads of
         | great insights.
        
         | dc-programmer wrote:
         | There were some articles over the last few years about
         | successful founders skewing older. Looks like the average age
         | for billion dollar companies is 34 but I remember seeing over
         | 40 for some thresholds.
         | 
         | https://www.cnbc.com/amp/2021/05/27/super-founders-median-ag...
        
         | Joel_Mckay wrote:
         | This book explains all: https://www.amazon.com/Dictators-
         | Handbook-Behavior-Almost-Po...
        
       | krm01 wrote:
       | I've worked with managers from big co's as well as directly with
       | many startup founders. Helping mainly B2B SaaS teams with Product
       | Design [1]
       | 
       | This article is written from a corporate pov, judging founders
       | and founding teams, which are fundamentally different animals,
       | from the wrong angle.
       | 
       | The pattern I've seen all effective founders had in common from
       | my experience were 2
       | 
       | 1. Building something people want. Usually they started with
       | something crappy, focussing on product market fit first. Almost
       | always have paying customers.
       | 
       | Then
       | 
       | 2. Tirelessly working 24/7 on product & telling more people about
       | their product.
       | 
       | All the managerial things mentioned in the article are important
       | at some point. But it's not what will make or break a startup.
       | 
       | [1] https://www.fairpixels.pro
        
       | Joel_Mckay wrote:
       | 1. Mitigate risk
       | 
       | 2. Corollary of #1: never take a client providing over 10% of
       | your annual revenue, or table personal assets to grow
       | 
       | 3. keep your legal positions clear: talk with contract, copyright
       | and trademark lawyers early
       | 
       | 4. keep your tax strategy clear: talk with regional corporate
       | accountants, and customs brokers early
       | 
       | 5. Prioritize revenue: without a profit-mode your project is not
       | a business
       | 
       | 6. Corollary of #5: provide _paying_ customers value they are
       | happy with, or cull the project
       | 
       | 7. Manage or be managed: you are running a business, and not a
       | charity. There are several styles for doing this, and no way is
       | perfect. Often hiring friends is a mistake, as when serious money
       | starts to flow people often revert to their primordial rodent
       | brains.
       | 
       | 8. Marketing: your conversion rate is below 1.7% ? than
       | adapt/cull the project...
       | 
       | 9. low hanging fruit is usually rotten: if it is something some
       | kids can _appear_ to copy to make a quick buck, than the market
       | will quickly fragment. a.k.a. "chasing the long tail" of market
       | distributions is financial suicide
       | 
       | 10. admit you can't know every scam, and accept as a business
       | there are always losses. As a small entity you are vulnerable to
       | all sorts of legal, technological, and personal attacks.
       | Technical people often think being smart somehow immunizes them
       | from cons some sociopaths mastered... it doesn't... talk with
       | people, and you will see this is a very common bias.
       | 
       | 11. With shareholders one must acknowledge the structures of
       | power: https://www.amazon.com/Dictators-Handbook-Behavior-Almost-
       | Po...
       | 
       | 12. post failed projects on your website as bait, so when the
       | business-intelligence people show-up looking for soft-targets...
       | they too can enjoy the losses... nothing more enjoyable than
       | watching irrationally competitive opportunists go bankrupt
       | pumping money into something you wisely abandoned. ;-)
       | 
       | I wouldn't call my entities successful by "startup" standards,
       | but they have remained profitable for over 14 years... and they
       | are mine.
        
       | dgb23 wrote:
       | I would have expected stuff like:
       | 
       | - expertise or at least competency related to the domain
       | 
       | - social currency, ability to influence/convince people
       | 
       | - stamina and fortitude
       | 
       | Most of the points in the very short article are about "don't be
       | an asshole to your employees", which is certainly a good thing
       | and what people should be doing. But I can think of quite a few
       | outrageously successful founders who have been insufferable
       | dickheads.
       | 
       | I think my second point above might be the single most important
       | one. I have no data to back it up, but I feel like if you can
       | just make people do what you want in some way or another (and
       | that includes customers, workers, partners etc.) then you're set
       | up for success. At least short or midterm (a few years).
       | 
       | I think this is a bad thing because it is quite arbitrary and
       | stupid. I say that in a loving way. I wish we (humans) were not
       | that dumb.
        
         | rgbrenner wrote:
         | Your points are all correct.. but this article isn't written
         | for startups.
         | 
         | When you work at trillion dollar company that likes to think of
         | itself as a small nimble startup, you write articles like
         | this... the point isn't to help startups, it's to influence
         | people in the organization to behave in a certain way by
         | attributing the behavior you want to another group you admire.
         | 
         | Google doesn't care about creating a successful startup.. they
         | do care about how their employees work together.
         | 
         | A slightly less cynical take is that when Google "studies"
         | startups, they dont recognize problems like you describe
         | because creating a startup isnt a problem they are faced with.
         | But cultural issues exist everywhere, and so those are the
         | problems that the person sees and addresses in their writeup.
         | 
         | The result is the same either way. You're not going to get
         | startup lessons from one of the largest companies in the world.
        
         | itronitron wrote:
         | I'd love it if people would just do what _they_ say they are
         | going to do, and I think a lot of companies would be great
         | places to work at if that turned out to be the case.
        
       | yaseer wrote:
       | This reads more like a generic SEO page, stating platitudes,
       | rather than a novel analysis by one of the largest, most
       | influential companies in the world.
       | 
       | If Google considers this quality content, is it really surprising
       | their search results increasingly return non substantive answers
       | to questions?
        
       | akeck wrote:
       | Re this type of study, I highly recommend the book, "The Halo
       | Effect" by Phil Rosenzweig.
        
       | karlhughes wrote:
       | > The most effective founders are not nearly as confident as the
       | least effective founders are...If that's you, remember it is
       | likely a signal of growth, and not of inevitable failure.
       | 
       | This was good to know. I constantly feel that imposter syndrome,
       | especially as we grow and I am trying to keep my leadership
       | skills at pace with our team size.
        
       | zcw100 wrote:
       | Self help pablum for aspiring founders. I'll just highlight a
       | couple of the ridiculous things in there. "Minimize unnecessary
       | micromanagement". There's just a ton in there. First,
       | micromanagement already has a negative connotation so
       | recommending to minimize it rather than eliminate it is just an
       | obnoxious hedge. Then it doubles down on recommending minimizing
       | only "unnecessary" micromanagement. You just go right ahead
       | micromanaging those losers who deserve to be micromanaged. How
       | else are you going to drive out the undesirables?
       | 
       | "Invite disagreement". All hedge. "some studies have shown", "in
       | tern it _could_ mean more innovative and inclusive products ".
       | Not because you want to show respect for the opinions of others
       | or that you listen to what people have to say but because it
       | _could_ lead to more innovative and inclusive products ie.  "I
       | don't really care what you have to say other than how it hits my
       | bottom line but go on talking. I'll let you know if I think you
       | say something worthwhile"
       | 
       | "Keep pace with expertise" This was nice until you get to the
       | bottom of the actual report and find out that Josh has an
       | undergraduate degree in Biology and an MBA. I'm not sure how that
       | shows any expertise in what is being written about but please go
       | on nor how that could possibly qualify you as Chief of Staff at
       | Google Research but there it is.
       | 
       | I think what's more interesting about stuff like this is not what
       | they're saying but what they're selling. I can only guess that
       | the real research Google did was that they needed more startups
       | to get started using their products and that they would continue
       | to use and expand their use of Google services as they grow.
        
         | omarhaneef wrote:
         | What would you propose as an alternative?
         | 
         | In an alternative universe, ZCW101 is complaining that they
         | said "eliminate micromanagement" and that person is arguing
         | that sometimes you _simply have to_ micromanage and eliminating
         | it is unrealistic but they should have said something about
         | minimizing it. And then someone complains that some is
         | necessary and you should only minimize the unnecessary parts.
         | 
         | Anyway, my real point is that the summary necessarily only
         | captures the data in an inexact manner and if you are
         | interested you can dive in. The real point is that some % of
         | people feel micromanaged and it is a large point.
         | 
         | By the way, even _that_ point is a summary.
         | https://static.googleusercontent.com/media/startup.google.co...
        
           | zcw100 wrote:
           | When you need to project into an alternate universe you know
           | you've got a weak argument. Micromanagement is a negative
           | thing regardless of if you think the person needs and
           | deserves it. You're not going to find anyone out there that
           | says, "They really let me down. I mean I didn't want a lot of
           | it but I didn't even get a little micromanagement. I'm really
           | looking for this goldilocks micromanagement. Not too much,
           | not too little, but just the right amount".
        
             | omarhaneef wrote:
             | Well, I think this is what they call a semantic argument.
             | 
             | All of us want the right "resolution" of management. Some
             | people might say the right level of micromanagement (in
             | your example, the goldilocks micromanagement). You may say
             | anything that is "too detailed" is "micromanagement" by
             | definition.
             | 
             | I am not saying you are wrong, but I am saying that as long
             | as we agree on the underlying reality, I don't much care
             | what you call it.
        
         | antiverse wrote:
         | >I think what's more interesting about stuff like this is not
         | what they're saying but what they're selling. I can only guess
         | that the real research Google did was that they needed more
         | startups to get started using their products and that they
         | would continue to use and expand their use of Google services
         | as they grow.
         | 
         | Could have said that and left out the rest. Most tech blogs I
         | come across are thinly veiled sales pitches, and the trope is
         | to take some more or less obvious subject and put a TEDx style
         | spin on it.
        
         | CapmCrackaWaka wrote:
         | > This was nice until you get to the bottom of the actual
         | report and find out that Josh has an undergraduate degree in
         | Biology and an MBA. I'm not sure how that shows any expertise
         | in what is being written about but please go on nor how that
         | could possibly qualify you as Chief of Staff at Google Research
         | but there it is.
         | 
         | I was with you until this comment. Unnecessary ad-hominem, as
         | well as a misguided premise. It looks like Josh has worked
         | specifically in the "startup success" space for several years
         | now. A lack of formal education does not preclude someone from
         | being an expert. Not even sure what a formal education in this
         | context would entail.
        
           | stult wrote:
           | > Not even sure what a formal education in this context would
           | entail.
           | 
           | An MBA. This is exactly the sort of material MBAs study and
           | there really isn't any other formal educational credential
           | that qualifies someone to evaluate strategies for making a
           | business succeed. Making this particular ad hominem criticism
           | especially ridiculous.
        
         | csee wrote:
         | I was with you until you started with the credentialism stuff.
        
           | titanomachy wrote:
           | I agree. Google shouldn't staff their positions based on who
           | has the most PhDs.
        
         | d23 wrote:
         | I need a shower after reading this comment. This is HN cynicism
         | at its worst. This article is pretty pro-worker; I'd have to do
         | somersaults to twist it as being secretly in favor of negative
         | boss behaviors like micromanagement.
        
         | adwn wrote:
         | > _[...] ie. "I don't really care what you have to say other
         | than how it hits my bottom line but go on talking. I'll let you
         | know if I think you say something worthwhile"_
         | 
         | The article is about "effective founders", not about "nice
         | persons". If being an insensitive cunt made you a better
         | founder, then that would be an important datapoint worth
         | knowing about. So I don't know why you're criticizing this part
         | of the article.
        
         | nebulousthree wrote:
         | This is the software/IT industry where everyone talks about how
         | you can be self made and degrees don't matter as much as skill
         | and experience, right? Yet here you are dismissing this guy for
         | whatever he studied in school.
         | 
         | Other than that I completely agree with you
        
           | gopher_space wrote:
           | > This is the software/IT industry where everyone talks about
           | how you can be self made and degrees don't matter as much as
           | skill and experience, right? Yet here you are dismissing this
           | guy for whatever he studied in school.
           | 
           | I'd pay for a reputation mapping service with a specific
           | point of view. I'd pay for several of them if they were
           | different enough.
        
       | andsoitis wrote:
       | The qualities / behaviors highlighted just seem like good people
       | leadership skills, period.
       | 
       | I do not see it being specific to founders or startups.
        
       | TehShrike wrote:
       | My first thought on seeing the title was "ooh, which founders of
       | the United States were most effective? That sounds interesting"
       | >_<
        
       | alephnan wrote:
       | Does Google's VC fund outperform the average VC fund?
       | 
       | Has anything big come out of Google's Area120 incubator?
        
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