Starting a Startup

September 23, 2015

September 23, 2015

Read The Full Prompt

The thesis of our course is that early decisions that founders make have a disproportionate  impact on their ultimate success or failure. What pathways did they open? What chains did they forge around their own ankles?  Consider the choices that Jessica Matthews  of Uncharted Play, Lew Cirne of Wily, or Hillary Mallow of ProLabs made. Their choices resulted in stable or unstable business partnerships, years of sacrifice and struggle, loss of  control of their companies and even the destruction of a marriage.  In other situations early founding decisions have resulted  in  financial and personal success. The challenges founders face as a business matures can often be traced back to the seeds they sowed at the founding stage.

The founders we have studied often stumbled into these choices blindfolded – without much consideration of their implications or regard for their consequences. They often did not even recognize their decisions as choices. What observations can you share with entrepreneurs that are seeking co-founders and making their first commitments to the business? What questions still intrigue you?  What factors would you advice others to consider before taking the plunge into the ocean of possibilities that entrepreneurship offers? When should they persevere, when should they close the business?

Please limit your post to 500 words. include pictures, links to other sites and videos, if they make the entry more compelling. Remember that to make an impact, your entry has to be read by others. Try and make it visually appealing, provocative and thoughtful.  And,  please comment on the blog entries of others.  Your blog post will be accessible on the internet. It is due before 9 pm on September 22nd, 2015. We will be discussing a few of your posts in class on the 23rd.

Responses (55)

Co-founders Dirty Laundry
Posted on at 12:42 am
It looks so rosy on the outside. Every now and then, we hear stories of some young entrepreneurs who founded their tech startups after school and became millionaires at age 30. Some may say it’s all about luck. While this [...]
The pitfalls of hiring based on conventional wisdom
Posted on at 4:08 am
A company can only be as good as the people within it. As a founder, it is imperative that you decide what it is you value most in an employee and plan your hiring decisions accordingly. You can establish whatever [...]
Delusion and Hostility: An Entrepreneur’s Best Friends
Posted on at 2:37 am
It seems that so many founders stumble upon their ideas by chance – a school project for Jessica Matthews, a workplace challenge for Lew Cirne, a shared interest in music for friends Tim Westergren and Jon Kraft. This is natural [...]
Team First
Posted on at 1:01 am
Starting a team is key, but who should you choose? Better yet, who shouldn't you choose?
Is Founding Selfish?
Posted on at 12:56 am
Founding is all the rage these days. Is it deeply selfish, or the right decision for you?
4 Must-Think-Throughs Before You Found
Posted on at 12:36 am
For entrepreneurs to be, you may often wonder when you will be really “ready” to launch your own startup. You are afraid that life is too short and opportunities are too easy to slip away. But before you are caught [...]
Timing matters, but assembling a team is at least within our control
Posted on September 22, 2015 at 11:51 pm
On March 2015, at a TED conference, Bill Gross, founder of Idealab, presented his research outlining The single biggest reason why startups succeed, and after examining more than 200 companies, he suggested that “timing” accounted for 42% of a startups [...]
What is FAIR?
Posted on September 23, 2015 at 1:00 am
Frans de Waal’s famous experiment on unequally paid monkeys is an amazing video that I enjoy to watch every time on TED. As we see in the experiment, two monkeys are working happily under a standard setup until one of [...]
Love Me Do: Firing a Co-Founder
Posted on at 12:32 am
This week, the Beatles’ first recording contract was sold at a New York auction. Even a novice Beatles fan, though, should notice something about the signatures on the contract: Ringo Starr’s name is not there. Peter Best, the band’s original [...]
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