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17 results for “founder mistakes”
...that founder mode, I think a lot of people have taken to never hire anybody with experience.
38:15 / 39:17
from transcript38:15 – 39:17
...cofounders because we'd had lockers next to each other in primary school. We were three white guys. We were all basically the same height. We all basically looked the same. We'd all grown up within a few blocks of each other. We were great, great fri
14:57 / 16:04
from transcript14:57 – 16:04
...of founders. Their companies are growing fast, and I'm kinda new to this. What's the pattern of mistakes these folks make on the way up? What what are the common traps? So, look, I think the universal one is kind of starts with kind of confidence, is
8:59 / 10:01
from transcript8:59 – 10:01
...that founders make that basically where they're shooting themselves in the foot? Constantly. Right? I mean, kind of, jeez, how do I even pick one? Obviously, most of the mistakes are not intentional. Right? I have seen, you know, one or two cases of,
41:15 / 42:15
from transcript41:15 – 42:15
...mistakes, Keith, that you most often correct first time founders? The biggest mistake was not being as intentional as Mike and Akshay about the culture in the very very beginning. Culture is like concrete in liquid form. Concrete's really malleable.
38:04 / 39:22
from transcript38:04 – 39:22
...mistakes are extremely damaging. You feel terrible about it because you hired all the people. You sold them on this great idea. Then you make a mistake, and everybody gets hurt. And if you've not kinda been in a position like that, which almost no fo
9:42 / 10:47
from transcript9:42 – 10:47
...founders out there having to do things that they would never want to do. And I have seen some founders that you would not even think of that actually were in very, very difficult situation because of the bot. The problem is that when you start having
40:30 / 41:35
from transcript40:30 – 41:35
...is picking bad cofounders. The second biggest mistake that they make is not setting their sights on an ambitious enough target. I think it's picking bad markets. There are some markets that are just shit, Matthew. That's an ambitious enough target. R
37:21 / 38:35
from transcript37:21 – 38:35
...A lot of first time founders are relatively young. And so you should expect that they have a lot of gaps. Right? That they don't understand their history. History is generally a a hobby of older people. Right? When they start to realize its importanc
11:59 / 13:14
from transcript11:59 – 13:14
...were the biggest mistakes that you made in that period? We first and foremost listened way too much to the VCs. You know, we were like these young founders not having a clue, and we completely lost our way and going to the board meetings literally, l
31:27 / 32:50
from transcript31:27 – 32:50
...have. I think I've learned some things and I have avoided some mistakes in OpenStore. But in some ways, I wish I had done some things naively. What are the biggest mistakes, Keith, that you most often correct first time founders? The biggest mistake
38:41 / 40:12
from transcript38:41 – 40:12
“Investor admits he'd make the same costly mistake again”
I think three years before that, we could have made another five to 10 x and made history. It would have been the best private acquisition in 2021 in the history of venture capital. But I support the
4:39 / 5:18
personal lesson4:39 – 5:18
...Like, most founders are like that. And so if you don't know what you're doing, you're gonna make mistakes. And they all make a lot of mistakes. And then when you make those mistakes, they're very expensive. You know, like, they could cost you to do a
28:29 / 29:31
from transcript28:29 – 29:31
...mistakes when I communicated before I was ready. And typically, they would be, you know, saying something in front of somebody which was not the right thing to say. And then, you know, I have no problem to go and apologize. I can say sorry. Can you h
18:44 / 20:02
from transcript18:44 – 20:02
...founder to better your prospects? One of the challenges of being a founder is you don't know what you don't know. Right? So the good founders are the people that kind of have a core skill set and then surround themselves with the right employees and
22:20 / 23:30
from transcript22:20 – 23:30
...big mistakes? Hiring the wrong type of people, maybe listening to the board too much. Anything else?
35:06 / 36:22
from transcript35:06 – 36:22
...mistakes, but anything that maybe comes back to bite the founder in ways they didn't expect? Yeah. I think that there's maybe a couple other more minor ones than the cofounder vesting schedule, which I think is like, there's not very many times where
12:41 / 13:47
from transcript12:41 – 13:47
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