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The Startup Masterclass

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To get rich...

To get rich...

...you need to get yourself in a situation with measurement and leverage. You need to be in a position where your performance can be measured, or there is no way to get paid more by doing more. And you have to have leverage, as in your decisions having a big effect in the final product you’re working on.

The smaller the group involved in a project the easier it is to measure the value of an individual’s contribution. That’s why startups are ideal for hard workers.

242

921 reads

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Technology As Leverage

Technology As Leverage

Technology is technique, the way we do things. New technology has its value multiplied by all those who use it. Solving a technical problem that affects many gives you leverage.

Technology changes fast, and small companies are better suited to this pace as they have less burea...

207

773 reads

The Issues With Running Startups

  1. Your competitors decide how hard you work. And that’s often as hard as you possibly can.
  2. Payoff is only on average proportionate to your productivity. You might end up earning as much or less than you would in a big company if the endeavor fails, and failures are common...

212

612 reads

On The Creation Of Wealth

There is a limited amount of money in the world but wealth is unlimited. Wealth can be created through work and new ideas.

Companies aim to create wealth and so do you when you join one. In a company your work is averaged with that of others so it obscures your actual contribution.

227

1K reads

Wealth and Power

Wealth and Power

Without the incentive of wealth, people would only work on projects that brought them personal satisfaction or social status, no one would want to develop mundane technologies like light bulbs or semiconductors.

The power to be re-compensated for working hard and keep wealth is what ...

205

594 reads

What Is A Startup

What Is A Startup

A startup is a small company that takes on a hard technical problem.

Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four. 

265

1.81K reads

Tips On Selling A Startup

  1. Minimize risks by selling your startup in the early stages, giving up upside for a smaller but guaranteed payoff. Unfortunately, big companies tend to be risk-averse, so it is easier to sell an established startup than an early-stage one.
  2. Selling allows you to diversify away f...

229

619 reads

Observations On Startups

Observations On Startups

  • One advantage of startups is that they don't yet have any of the people who interrupt you. There is no personnel department, and thus no form nor anyone to call you about it.
  • Theoretically a big company could implement a startup culture and maximize profits if employees...

217

589 reads

Individual Power In The Creation Of Wealth

Joining a company is not the only way to create wealth. As long as you can create something that people want you can create wealth and for that you don’t need a company as an intermediary.

Working hard has a high individual cost but creates the opportunity to earn more wealth than on...

215

752 reads

How To Choose A Technology To Develop

How To Choose A Technology To Develop

Seek to solve the harder problems as they are more valuable and give your company an edge over the competition. It also increases the barrier to entry. That’s how hard it is for another company to duplicate what you’ve done.

If you can develop technology that's simply too hard for co...

211

557 reads

The Difference Between Wealth And Money

The Difference Between Wealth And Money

  • Wealth is the collection of resources we can use. You can have wealth without having money. Money is a way of moving wealth, and in practice they are usually interchangeable.
  • Money intermediates transactions.  In a specialized society, most of the things you need, you c...

263

1.18K reads

The Role Of Big Companies In Technology Development

The Role Of Big Companies In Technology Development

Big companies develop technology, but not quickly. Their size makes them slow and prevents them from rewarding employees appropriately.

They are better suited to develop technology in fields where large capital requirements prevent startups from competing. And even in those fi...

187

541 reads

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joa_fu

Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.

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Mindful measurement

While businesses do need metrics to measure their performance, performance indicators do not fit perfectly with a specific metric and should not be artificially forced to fit a measurement model.

Principles to help measure performance in a mindful way.

  • People-first man...

The Big Guy Is Hard To Get

We need the person with decision making power, and that is often divided among a small group of people in high positions.

Executives having decision-making powers also look for engagement initiatives, peer support and market data before making a final decision.

The Evidence for the Peter Principle

The Evidence for the Peter Principle

A study looked at promotions and performance of some 40,000 sales workers across 131 firms.

It showed that the best salespeople as measured by sales revenue are more likely to be promoted (top figure) but their value added as managers actually declines in their sales revenues (bottom...

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