– Scale too quickly
– Hire the wrong people
– Cling to the wrong idea or give up too quickly
– Lose focus
Tips from Momo’s founder
– Vision and strategy
– Get invest and profit
– Build team and put talent in right position
Words from Hacker and Painter
– Build great product
– Make income more than expense
Money is the agent to get wealth which is what people need
Develop a way to hack a problem is like doing fishing, rather than give out a fish, like sell omelet or cut hair. The former one is easier to scale.
Measurability – small team
Expandable – high tech
choose difficult solution to build barrier to entry and patent doesn’t help too much, law sue takes too long time.
Hiring is done by committee, not individual managers.
Avoid “gotcha” interview questions.
Don’t forget what life was like before you were a manager.
Managers thinking about self-improvement should think small.
Sweat the small stuff.
Counter offers are toxic to a company.
To be continue …