why aren't all 9 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
Insight
TechCrunch funding announcements have almost zero impact on startup success
“It's fun to get the tech crunch article, but in a lot of ways it doesn't really matter. It's like cool to show your friends at home, but it almost has no impact on your business.”
Insight
Startup CEOs spend 95% of their time on administrative tasks
“When you're running a company, you basically spend about five percent of your time actually focusing on the things that you would deem important, and about 95% of the time working on things like, Fundraising and HR and hiring and all the things that, you know,…”
Insight
Product-focused startup CEOs must still hire a head of product
“If you're a product-focused CEO, still hire a head of product.”
Insight
Founders must maintain full team transparency during hard times
“You definitely tell them you know, transparency is the key. I just, you know, and the reality is, is that, especially for these types of companies, you want people to know, it's like Headed into a storm. You want everyone to know what they're facing so they ca…”
Insight
Trying to learn without advisors wastes years of founder time
“There's absolutely no reason to reinvent the wheel on a lot of this stuff, and, you know, everyone's smart, you know, in terms of their own ability to learn these things, but you're gonna waste a couple years trying to learn it, and so, you know, I would not b…”
Insight
Owning 100% of a startup without key talent yields nothing
“I've seen other people who end up having a hundred percent of a company, but you know, don't really surround themselves with bright people and a hundred percent of nothing isn't really worth the bus at all.”
Insight
Fundraising teaches founders more about their business than anything else
“You never learn more about your business than going out and try to raise money.”
Insight
Startups should invest early in hiring a dedicated CFO
“You know, I think that's a hire that people often put off, because they may know someone who kind of understands finance. You know, I would invest early on that side.”
Insight
Founders should test business ideas before quitting their day jobs
“I think in general, I think, you know, like anything, you just really don't know what sort of these businesses really are until you start doing them. So I think just sort of cutting the cord immediately is really, really tough.”