I remember when I told people that I need a work life balance (while being a founder at my startup), people looked at me funny.
I did not understand why people thought this was odd. After a few years, I understood.
To me, work life balance meant something completely different than the standard definition. Since the age of 13 up until I was 27 I was an amateur athlete. Amateur athletics are very similar to startups. The pay is low, the risk is high and the rewards do not come until later. The benefits from sport include: The network you make, the mental strength you gain, ingraining health into your daily life, and re-framing high risk situations to your advantage. Continue reading What Does Work Life Balance Look like In a Start Up?
Churn is a signal into whether your customers are happy and getting value out of your product. It is also one of the five key performance indicators that business owners and investors look for to determine if a company is healthy or not (a healthy churn number is < 5%).
As VP Client Success at viafoura a big portion of that churn falls on my shoulders (I am happy to say that we are under that 5% number and very proud of keeping our customers happy and successful). Churn however is not a one person or one department responsibility. From my own experience and research Client Success has a direct impact for 50% of churn. But what about the other 50%?
I came across a great article from Preact (who sells customer success software). They surveyed their clients and came to the same conclusion I have when it comes to who owns churn.
Client success has a direct impact on 50% of the churn metric and for the other 50% Client Success has a strong influence on its direction. Continue reading Who Owns Churn and How Do You Fix it?
I read a blog post recently titled “Why you should reject that startup job“. Below are four of his points and why I think they are incorrect.
- Your equity does not grow as an employee
No ones equity grows. Not the founders or existing shareholders. You should be expecting dilution. The value is in the price of the share. The team needs to be focused on increasing the share price, not getting more of the pie. You increase the share price, you make more money, and so does everyone else.
- You can’t work your way up in terms of seniority
Incorrect. So many of my employees have moved to seniority roles simply because they knew that part of the business the best. If there is a gap in the company that can not be filled internally and someone from the outside can do that job better than someone internally, then why would we not hire them? That includes every role including CEO, CTO, CFO. Who wants to work for a company where people are promoted just because they have been there longest? Promotions have to be based on capability. This is not a union or government organization. It’s a pro sports team. That is where I would want to work.
- You can’t transfer the experience and you work on menial things.
Big B.S. The skills that you learn growing something from the ground up is equivalent to building a car when the drawings are made, to sourcing the metal to building all the parts and then selling and maintaining it. You learn so much from that whole process that you can apply to almost anything in life. Is there boring work – 100% there is. I have to look at contracts, order phones, setup emails – this will never stop. Every job in the world has menial work, at every single level. Thinking otherwise is a fallacy.
- Founders can make the same amount of money in 5-7 years at a bank than they can from an (unlikely) exit.
You are missing the whole point. If it were only about sure fire money – I’d be a banker. There is more to it than that. It is the thrill of the challenge. It is the satisfaction about working on something new, that has not existed before. Building something. It’s about working with other equally passionate people that think the same way. It’s about working on the leading edge of technology. Its about walking into a startup and FEELING the energy of everyone around you. You just don’t get this at a bank. I have had many successful bankers, MBA’s and lawyers talk to me about jumping ship to the startup world because they were lacking these in their work.
So when you do get that offer from a startup – take it. You will get so much satisfaction in your work that is very hard to replicate anywhere else. It just so happens that I have a blog post on what is like to work in a startup that gives some more insights.
I came across a very interesting video that has the CTO/founder (Jason Hoffman) and VP Engineering (Bryan Cantrill) of Joyent talking about their roles. It provided a unique perspective specifically of the VP Engineering role and their relationship with a CTO.
Here is the 40 min video https://www.youtube.com/watch?v=bAHItZ1cSNM
I have summarized the video below, but the presentation is valuable to watch as it puts the story together well.
Jason and Bryan believe that CTO’s fail when they think they are engineers and VP Engineers fail when they think they are managers of people and not creators of things. Continue reading VP Engineering vs. CTO Role
Over the years of being an athlete and co-founder of viafoura, I have come across great books that shaped my thinking. Here is a list of some of those books, and a quick summary along with the benefit I got from it
This book is over 30 years old, but very relevant and does an amazing job of breaking communication down into its elements. It is great for engineer types that think in detailed fundamental ways.
When you are at the early stages of forming a company, or raising a round of financing – this book helps you understand both sides of the deal (the investor and the company) and also gives easy definitions to terms that are common place. Continue reading 8 Books that Shaped my Thinking as an Athlete and Co-founder of a Technology Company
Churn (or the loss of a customer) can be tricky to track down in a SaaS (Software as a Service) company. Was it a bad product, bugs, bad customer service, not the right features?
I found this break down to be very helpful in framing the conversation around Churn, and start the process on how to address the issue in your organization.
You can click on the image for a larger version.
How long does memory last?
There are lots of types of memory. The memory in our brains, our hard drives, our DNA, a carving on a tree or a rock. All these forms of memory are distinct not because of the things they store – that doesn’t matter, but how long they are stored for and how its contents are read in the future. Here some forms of memory with their pros and cons, and some ending thoughts on how to pass on this storage long after the world has ended. Continue reading Infinite Storage
I had an funny/interesting conversation with our product manager Gus at viafoura this week. It was early morning – we just got in and no one had coffee. He asked me in a joking tone: “Hey is google working for you?” and we both just laughed and I said, “Make sure your are connected to the internet”.
I thought about it a little more and came up with so many reasons why Google could not be down, and it MUST be him making the mistake. I was thinking: “Of course its not down, its google. Check your internet, call Rogers (the ISP), check your network card, buy a new computer, did you reboot?”.
Continue reading Is Google Down? No it’s Not, Go Buy a New Computer
When I heard the saying: “Work Hard, Smart and Fun – You Can’t Pick Just One” I wanted to break this down some more. I wanted to see what it’s like in each of the scenarios:
1) Work Hard Only
A lot of first time entrepreneurs fall into this category (and the work fun only category), but it is dangerous to only work hard without having fun or being smart about it. You could work hard heads down and spend months on a product, idea, sales lead or client only to realize they have no impact on the larger picture – you should have added smarts. Or maybe you worked so hard and you got that right product, client or lead but you burned out and pissed off all your employees. Neither approach is sustainable.
Continue reading Work Hard, Smart and Fun – You Can’t Pick Just One
When I read the title of this post: “10 easy things that will make you happier, backed by science” I loved it right away. For a few reasons.
It is a short, catchy, leading title – which is hard to do. A title (and the picture) are the number one reasons someone decides to click through or not. But I digress.
I really love it because of the content. Happiness is very important to me. I have a whiteboard in front of my bed for the last 10 years with 7 things I want in my life. #1 is to be happy. This article gives easy (really easy) tips, and to top it all off, its backed by science! Who doesn’t love science?!?
I’ll let you read the article to get the details on the science to back it up. Here are the 10 tips, and how It has affected me: Continue reading How To Be Happy, Backed by Science