A by-no-means exhaustive list but I hope useful for those in start-up mode.
• It’s usually better to have a co-founder than go it alone.
• Being an entrepreneur is not about being in love with an idea, it’s about being in love with running a company.
• Having a highly homogeneous (background, education, values, preferences, etc) very early team is better than not — cuts down on time-wasting arguments.
• If there is any doubt about hiring a candidate for your first 5-6 positions, there is no doubt — do not.
• You cannot hire a co-founder.
• Figure out one thing each of your investors is genuinely really good at, and insist they help you with that. Among other things it will save you from their help in other areas.
• Leadership by example is the most effective type. It’s a little irrational, but it inspires people.
• Have a cardboard box at board meetings where attendees must deposit their smartphones at the start for the entire duration of the meeting.
• If you have a co-founder, give them a board seat. If you can, keep one more for yourself, and leave it empty.
Trevor Lee – EP International
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