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When Hiring Entrepreneurs, Ignore Their Resumes

InfoChachkie

When hiring ATM Operators at a Big Dumb Company (BDC), assessing each candidate’s ability to execute predictable tasks is of paramount importance. As noted in Inventors vs. Innovators , early-stage hires do not have to be wide-eyed inventors. In fact, a company filled with inventors would be a dysfunctional mess.

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Are You an Entrepreneur?

InfoChachkie

“You are forty, out of a job, a newlywed, your wife is expecting a baby, you don’t own your own home, you have no specialized qualifications, the only company you ever launched went bankrupt and you have just been sentenced to one year in jail.”. Hint: He was an entrepreneur. The same is true of entrepreneurs.

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Fast Follower III – First Mover Disadvantage

InfoChachkie

The alleged First Mover Advantage asserts that companies which are the first to exploit a new technology and/or market have an inherent advantage. As noted Fast Followers II , fast-follower entrepreneurs must have a solid point of differentiation in order to succeed. Many first mover companies are rabbits.

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Why We’re Looking to Fund Stuff With More Meaning

Both Sides of the Table

As is often said if you don’t get at least a few fellow VCs (and entrepreneurs) scratching their heads you may not be funding ideas with enough upside. This was certainly the case when I invested in a small YouTube video production company called Maker Studios that recently sold to Disney for just shy of $1 billion. 6SensorLabs.

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