Who Is Most Important at a Startup?

February 1st, 2012 by admin





Today’s article comes to us from @dharmesh via @cofounderslab through Twitter.  OnStartups.com has a good article on viewing the core group of a startup as a small tribe.  John Greathouse explains:

Tribes and startups thrive when labor is efficiently divided. Long before Meyers met Briggs, people in tribal communities migrated to those roles which best suited their personalities, proclivities and skills. The key roles in tribes and startups are identical: Hunter, Skinner, Shaman, Chief and Tribal Elder.

Each member of the tribe has a significant and indispensable role to play.  Mr. Greathouse elaborates on the role played by each member, and why they are key to the success of the group.  Obviously, this really applies to startups that have reached a maturity which allows for all these roles to be filled.  Prior to that point, understanding the roles, and adjusting to fill the gaps is recommended.

As a bonus, Mr. Greathouse has created video, if you learn better from watching someone talk rather than reading.

OnStartups is a great resource for further learning about startups and for finding resources about startups.

Founding a Startup – Finding a Co-Founder

January 27th, 2012 by admin





Founding a startup isn’t easy.  One of the keys is finding a cofounder to collaborate with.  As life challenges go, it’s as challenging and important as finding a spouse if you want to start a family.  If you’re studying up on how to found a company, and how to find a co-founder, you’ll run across the term “dating”  frequently.  As Elizabeth Knopf, Co-Founder of Sorced, writes about finding her partner:

Founding a company is a marriage. You need to make sure you are going to work well together, can communicate, balance one another, and bring out the best in the other person. This is more intuitive. After a few “dates”, do you click and does it feel right?

TechCrunch has a post from Eric Eldon writing about a group that’s focused on match making between startup founders.  This post includes many other venues working to bring founders together.  The focus of the article, however, is FounderDating.  Taking a hands on approach, they screen and connect folks looking to found companies.  Their current focus is creating meetups to get potential founders together to see if they will hit it off. Because of this very focused method of working, they’re currently centered in San Francisco, New York, and Seattle, according to their upcoming events.  Perhaps some day they’ll expand to create virtual meetups as well?

Another group addressing the niche of startup founders is CoFoundersLab.  Based in Maryland, they’re also working to bring cofounders together.  They’re focus is on-line match making.  If you’re not actively looking for a co-founder, you can add your information to the site and let others find you – excellent for those who are interested in finding a new opportunity, but aren’t able to search full-time.  Their focus is currently DC, Maryland, Virginia, Pennsylvania, and Vancouver, BC.

Interning at a Startup

January 25th, 2012 by admin





We’ll admit, we’re biased toward good articles which also mention using our site. Don Rainey wrote a post for VentureBeat some time ago about how to go about finding a startup to intern with.  We believe that good advice hasn’t changed much in the interim.  In the article he lists several places to consider looking for an opportunity: StartUpHire.com, job fairs, university technology transfer offices, and startup incubators.

Here’s the great thing:  if you really want to work as an intern for a startup, you’re going to have to find them.  Mr Rainey writes

The problem is: Startups often don’t have the resources or formal programs of larger companies to recruit interns, so candidates have to find them. And due to their smaller size and relative youth, finding the startups in your area isn’t always easy.

If you’ve made the leap to want to find a startup to intern for, chances are good you’re exactly what the startups want.  They need someone who will take ownership, who will take the initiative.  As an example, Mr. Rainey quotes Tim O’Shaugnessy of LivingSocial:

Our interns own projects on day one — we want to see if they can run with it and move the needle. We’ve hired dozens of interns, many of whom have now become some of our best managers and employees.

It’s January, and we know from history now is the time to start looking for that summer internship.  Go find them, and get going on your startup adventure.

Founding a Startup: Example of a First-Time Entrepreneur

January 23rd, 2012 by admin





If you’re not familiar with the Lean Startup movement, Eric Ries’ Lean Startup website and Wikipedia are excellent places to get started learning about them.  If you like concrete examples as a learning tool, have we got a post for you.  Vinicius Vacanti has a revealing story about his experience launching a startup.

The Lean Startup methodology says (among other things) fail quickly, and fail often, and learn from those failures.  Mr. Vacanti begins by relating what appears to be a failure:

Two users. That’s it.

It had been a week since we had announced to friends and family our latest idea, LinkFalcon, and only two of them had bothered to try it.

I thought LinkFalcon had some real potential. It solved a real problem for me and one that I hoped others had.

Complete disaster. Failure. Six months down the drain. Back to our real jobs.

That’s what should have happened; but, thanks to the Lean Startup movement, that wasn’t the case at all. Here’s why.

Read the rest of his post to understand why it wasn’t a complete failure.  You’ll also learn that a subsequent experiment lead to a VC backed company: Yipit.

Startups, Startup America, Interns, Tesla Motors and You!

January 18th, 2012 by admin





Startup America Partnership recently had an excellent post on interns.
If you’re a startup, are interns right for your startup company? They cover some major points in favor of hiring an intern:

New perspective on organizational issues.
Ease of use with technology.
It’s a trial period that could lead to something more.
Help with projects or tasks that you’re struggling to complete.

They also cover some reasons not to hire an intern, but you’ll need to read the post for that.

If you’re considering being an intern, you should read that article to get an idea what to look for when shopping around for a company at which to intern. You’ll also learn what companies are looking for when they hire one. If you’re looking for a company to intern with, there are three ways you can use StartUpHire to help you:

  1. Use the advanced search to find jobs employers have marked as for interns.
  2. Just type Intern in to a regular search on StartUpHire
  3. Fill out your profile so companies looking for an intern can find you.

As an example of the interesting jobs you can find for interns, Tesla Motors currently has a job listing for an intern in Germany.

Some Foundation: Product/Market Fit

January 11th, 2012 by admin





If you’ve been around the startup community for a while, this will be a refresher. If you’re new, this is a fundamental read.

First, if you don’t know who he is, go read about Marc Andreessen. He used to have a blog, which was wiped out and then resurrected. Much of it is worth reading.

The term you need to know is Product/Market fit. Every startup must find this. Marc wrote:

Product/market fit means being in a good market with a product that can satisfy that market.

It’s a very simple concept, but Marc wrote quite convincingly why it’s important, and why (usually) it’s the only thing that matters.

When you’re evaluating whether to apply to that startup, whether to accept that offer letter, or even just reading about startups, understanding this one post will help you immensely.

Focus on Talent

January 9th, 2012 by admin





Today’s post is as useful to the hiring manager at a startup as it is to those looking to get hired. DJ Patil has a post on TechCruch on focusing on talent. He suggests three questions a startup should be focusing on when considering a new hire. If you’re looking to get hired, you should probably be focusing on these same things, and be ready to address them.
We’ll give you the questions he asks, but you’ll need to read the article to find out why they’re important:

1. Would we be willing to do a startup with you?
2. Can you “knock the socks off” of the company in 90 days?
3. In four to six years, will you be doing something amazing?

Why should you listen to Mr. Patil? He

… is the Chief Data Scientist at Greylock Partners. Previously he was the Chief Product Officer of Color Labs. He previously worked for LinkedIn as their Chief Scientist and Chief Security Officer and eBay as their Director of Strategy, Analytics, and Product.

Advice From A VC

January 5th, 2012 by admin





David Biesel has an awesome post on when you should join a startup. Your first thought might be that joining a startup that has gotten a first or second round of investment would be your best bet. Not so, he advises.

He breaks it down like this:

I believe that there are three opportune times to join a startup:

1. As early as possible (or as you can stomach).
2. When the train has already left the station.
3. When there is a truly unique ability to learn, collaborate with specific people, or work in a special situation.

In other words, get in as early as you can in order to reap the most benefits from the risk of a startup. In fact, he even suggests you to consider founding one! If you can’t stand that, then join a startup that’s already hit its stride. You’ll get valuable experience in a startup, and later will have that air of success to trade on. Third option is a special one, and you really need to read his article to understand why.

This article was the first in a series, and the entire series is highly recommended.

Mr. Beisel is a cofounder and Partner at NextView Ventures.

Did you know that StartUpHire lets you search our job listings by company stage? Select the Advanced Search link from our search page, then select Stage from the dropdown. As an example, here is a search showing all jobs at companies in the product development stage.

Guest Post: What Skill Can You Offer a Startup?

December 29th, 2011 by admin





Today we have a guest post from Jenna Smith.

Let’s assume that you’re trying to get hired at a given company. You have a good education, a few years of experience, and consider yourself a smart person. You have an understanding of the company’s industry and you believe yourself to interview well. You may not be a shoe-in for the position, but you’re certainly a good candidate.

If you were looking for a job at a large firm, these above listed credentials would help tremendously towards putting you on that path. You’d be best advised to stick to your guns, tout your credentials, shake the interviewer’s hand firmly, and hope for an ounce of luck. But things are different if this company happens to be a startup. Sure, having a great resume is certainly highly important, as is being able to profess knowledge of the vocation you seek. Startups will certainly consider these qualities. At the same time, though, a startup interviewer has one other concern in mind, a concern that is shared by large firms but to a much lesser degree: how will this applicant change the culture of our team? How committed will they be? What unique skills can they bring?

Asking these questions is essential to the startup. At a larger business, a bad hire will amount to little more than some money wasted and a quick termination. But at a startup, each and every hire has a marked impact on the business’ culture, not to mention on its future success. Each and every hire needs to bring a talent that they can do better than the rest of the team – and one about which they are passionate.

If you plan to interview at a quality startup, having some specific talents in mind is probably key. These talents should not include some that are regularly espoused at interviews, such as hard work, attention to detail, or responsibility. Moreover, you don’t want to verbalize this talent to your interviewer. Instead, you want to implicitly focus on it, draw circles of experience around it, and more or less show them that you possess it.

So what kind of talents do I have in mind here? When a startup is just getting off the ground, the ones that ultimately turn out most successful have some combination of the following personality types: the charismatic business leader, the dedicated numbers guy (or gal), the inexhaustible creative type, and the gregarious networker. Astute startup managers realize the strengths of having such an assortment, and, consequently, they often look for these types of people when sitting down for an interview.

So ask yourself: what kind of person am I? Can I fit one of these sought-after startup identities? And can I display that in an interview? If you can, you’ve gone a long way towards boosting your chances and landing yourself a job.

Jenna Smith is a journalism student at Saint Louis University. Upon graduation, she hopes to travel the world while producing compelling content for the masses. When she isn’t writing, you can find Jenna with her nose in a book, or her headphones in to block out the rest of the world. Enjoy!

About That Offer…

December 22nd, 2011 by admin





Tony Wright has an excellent insider’s post on what to expect from that offer you’re considering from a startup. It’s from way back in 2008 (an age on the internet, of course), but it’s still worth reading.
He starts with a wakeup call:

Employees with decent salaries and options will almost NEVER get rich in a liquidity event. The people who might get rich with startup equity are the founders and the investors (not coincidentally, the people who took significant risks).

That shouldn’t be news, but it’s worth a reminder. He goes on to talk about what options are and what they’re worth:

The best way to look at options are as a high-risk investment– it’s important to look at the cost of the investment, the chance that the investment will “hit”, the likely magnitude of the return on investment, and the percentage you’ll likely have in your pocket at the time of a liquidity event.

By the way, a liquidity event is when stock is turned in to actual cash. This could be an IPO or a buyout from another company, as two examples.

And the final bucket of water on your dream of getting rich quick:

Obviously, all of these perks are really only perks for people who see themselves working on/in startups in the future… For people like this, the $10k price tag (when you roll in the high-risk investment op) is a great investment. For folks who are just chasing the idea that they are going to get rich taking decent-paying jobs with post-funding startups, they are in for a long series of disappointments.

However, if you understand what you’re getting in to, it’s potentially a good investment; go read the post, and you’ll understand what we mean.

Mr Wright definitely has the foundation for giving advice on Internet based startups.

© 2012, StartUpHire LLC