Thursday, August 6, 2009
It's been a while since I've blogged. For good reason. I've been incredibly busy with the business. While I'd like to explain everything I've been doing, I'm not at liberty to discuss it all. We haven't secured funding, but we've been having successful meetings with people.
One the business front, we've experienced out ups and downs with developers, UI people, psychologists, consultants, friends, family, etc. over the past two years.
This taught me two very important lessons or at least confirmed what I already thought I knew:
1) Involve yourself and your company only with people who share your passion. I'm not talking about someone helping you craft a mission statement or coding a few lines of code. I'm talking about people you bring into your inner circle.
While it's nice to just get people working with you (and sometimes that's a necessity early on), it will end up taking up even more of your time if they're not in it for the right reasons. This is a hard thing to realize. What I'm saying is, recognize people's value, passion, and interest - and plan accordingly. Don't make someone a founder just because you think you need someone. Don't bring on a CTO just because you need one.
2) Money talks.
For all of those tasks you need completed that don't require a vested interest in your company - find a way to pay people. I've had to ask for a lot of favors through the past two years. And it sucks, because nobody is on your timeline. I want things done yesterday. Realistically - they won't be done until next month. I imagine if I were paying these people fair market value, that would probably change things. It's a bit of a catch 22.
Posted by Lefty at 2:51 PM