Weekly update:
Finished
@sama's Startup Playbook
Spoke to more users
Researched another competitor
Learnings:
CEO has 1 job - to make the company win
This can be done through - setting the vision, evangelise the company to everyone, hire good and manage better, raise money, have high standards
The company has to be the priority
There will be a lot of disasters, CEO’s job is to fix them
No first-time CEO knows what they are doing, so do it anyway
Just ask or just do it
Be optimistic
Make your employees religiously believe in your company
Hiring is one of your most important job
Don’t hire unless you have to, but if you do, hire great people, initially at least
Look for raw intelligence and a track record of getting things done, not just experience
Hire patiently, fire quick
Don’t worry about competitors, unless they are beating you at sales
Make enough money so that the founders can live on ramen—as quickly as you can
Don’t try to solve problems by throwing money at it
Investors are looking to invest in the next FAANGs
Anything that is not a ”yes” is a “no”.
An important key to being good at pitching is to make your story as clear and easy to understand as possible
All you need is a great idea, a great team, a great product, and great execution
Goals for this week:
Speak to more users
Research another competitor
Start work on a basic prototype
@_AthenaVC @RobAthenaVC