There is this theory in venture capital that you want to back coachable entrepreneurs. But the entrepreneurs who have really radical ideas are not only not coachable, but they generally react with hostility to being coached. One of the things we test for is – we say, “Have you thought about doing this the other way?” What we are not looking for is them say, “Oh, that’s a great idea!” What we are looking for is a stare, “You idiot. You moron. You’ve been sitting here, listening to me for 20 minutes and I’ve been working on this for 5 years and you think you understand this so well that you can make me a suggestion. And not only you’re an idiot for thinking you can do that, but I will now explain you in detail why you’re that big of an idiot”.We love those! Those are fantastic!’-Marc Andreessen
For those who may have just awoken from a 35 year coma, John Paul DeJoria is one of the most successful entrepreneurs alive today having creating not one but two billion dollar companies. They are John Paul Mitchell Systems which sells high end hair care products and Patron Spirits Company a producer of tequila producers. Listen to this man.
The toughest part about running a startup is getting your first paying customers.
Here are the secrets to achieving this critical milestone.
Click to enlarge.
Today’s special guest contributor is Shane Snow is Chief Creative Officer of Contently.
Great Startup Habits to Transform Your Work
When I left journalism school, I and half of the grad students in my class entered the job market as freelancers. (It’s a tough market for journalists, even today). And then a peculiar thing happened: all of these amazing, Columbia-educated journalists who’d written for The New York Times and NBC and Time Magazine started approaching me for help—despite the fact that they were far better writers than me. In the past, I had run a website consultancy, so my friends asked my advice on building a website, promoting themselves online, getting clients, managing invoices and taxes, and so on. Essentially, they needed help becoming entrepreneurs, which required an entirely different skillset than the journalist’s craft. While some of what we freelancers needed was practical (sales skills, websites, etc.), what we really had to do was start thinking of ourselves as startups.