My favorite interview question of all time is to ask people to describe a best practice that they learned in their career and then ask them to tell me a situation where that best practice would not be applicable. Most people can't do it.
Reflections on a movement
Featuring: Eric Ries (Creator of Lean Startup methodology, founder of Long-Term Stock Exchange)
13 quotes · 13 insights
Watch Full EpisodeFrameworks are tools, not gospel
Startup hunger beats corporate comfort
People act like having a startup fail is the worst thing that can happen to you. And man, that's not even in the top 10. It's bad, I've done it, it's awful. It's really bad, but far worse is to be in a company that won't die, a zombie, undead company that you hate, but you can't leave.
Strategy and structure must dance together
No individual person can ever make promises on behalf of an organization, it's not possible, it's a category error. You're replaceable. If you want your organization to be trustworthy, you have to embody those promises in the structure of the organization itself.
Getting fired for your principles accelerates your career
Get fired for doing it the way you think is right. There's nothing that was a faster career accelerator than being known in the industry as the person who stands for that principle so much that you got fired over it.
Good enough beats perfect
Write out the list of features that are necessary in your MVP. Cut it in half and cut it in half again and build that. Most people's natural idea of what is necessary is so laughably wrong. People are naturally off by usually one or two orders of magnitude.
Context determines right vs wrong approaches
My favorite interview question of all time is to ask people to describe a best practice that they learned in their career and then ask them to tell me a situation where that best practice would not be applicable. Most people can't do it.
Silicon Valley's 'never quit' gospel serves VCs, not founders
Ask your lawyer: if tomorrow Philip Morris shows up and offers you $1 per share more than your company is currently worth to buy it to sell cigarettes to children, do you have a fiduciary duty to say yes or no? Most would say you have a duty to say yes.
Humans define boundaries, algorithms execute
The referenced Monty Python sketch involves guards who refuse to guard someone because "I can't guard him if he's a guard," creating circular buck-passing.
AI is a management technology. The thing it does is manage intelligence and other intelligences. If you ever watched the Monty Python 'can't guard him if he's a guard' skit, it's like that. We're talking past each other.
Organizational structure determines product outcomes
"It" and "that" refer to implementing legal structures (like public benefit corporation status) that protect a company's mission from shareholder pressure.
It's always too early until it's too late. Founders will go to their lawyer and the lawyer will say, 'Listen, sounds great, but you don't need to do that right now. You can always do it later.' And then it's 18 months from the IPO and it's 'too late.'
Time constraints force better decisions than endless planning
Give yourself a fixed period of time to take some decisive action and see if it feels better. Can we take six weeks to try to make it work? Can we just spend all of our time 100% on the one and only one thing that matters right now?