Archive for the ‘startups’ Category

Talent is scarce

October 16, 2006

I was reading last week’s Economist today. There is a special feature on “the search for talent.” The articles touched on a lot of related issues, but the main idea was that increasingly new jobs require truly talented people and that there is a real shortage of such people. These people often have little loyalty to their employer, so even once an employer finds such a person, it is a continual challenge to make sure that talent is not lured away by another company. I felt that related to my experience. One article has a quote from Bill Gates saying that “if it weren’t for 20 key people, Microsoft wouldn’t be the company it is today.” Better yet a vice-president of Google says a top-notch engineer is worth “300 times more or more than the average.” Wow!

Startup Business Myths

October 4, 2006

Ron has posted on his blog, Rondam Ramblings, a great list of business myths that are important to remember when undertaking a startup. My favorites are:

  • A brilliant idea will make you rich.
  • If you build it they will come.
  • What you think matters.
  • What you know matters more than who you know.

Entrepreneurs are Fools?

October 2, 2006

There was a very interesting article in BusinessWeek (way back in Feb, 2005) that I just stumbled upon. Researchers found that entrepreneurs take risks not because they have more tolerance for risk (they might even, on average, have less), but because they are overly confident in their ability to succeed.