I was laughing with friends this past weekend about how our initial business was called ChubbyBrain and what an actually great name it was (it’s memorable) but how stupid the initial business idea it was. Think Yelp for startups. I’m not sure the idea was all that bad actually in retrospect as ProductHunt is sort of the same thing. I can say without a doubt our execution sucked.
And it got me thinking about all the other ways I’ve screwed up as the CEO of a startup. And so I started writing them down and in 10 minutes, I had a long-ass list of 65 screw ups. What that tells me is that with another 10 minutes of thought, this list could get get into the hundreds.
So here they are in no particular order. As you’ll see, my screwups span HR, product, sales, operations, admin, etc.
Yes, I’m what you might call multi-talented.
I’m probably still screwing up some of these things.
- Hired under pressure.
- Fired too slow
- Give a shit about new competitors too much
- Took meetings with VCs ill-prepared and uninterested in raising money. I looked dumb and it took me away from what I like most and what we need to do.
- Didn’t anticipate where we’d need to hire as well as I should have
- Got bogged down in details with game-changing hires and lost them
- Believed in the new hire messiah, i.e., a new teammate would be the savior in a particular area we were weak in. Never works.
- Didn’t focus on sales enough
- Were too humble about our technology
- Been more proactive outreach to journalists
- Tried to use jargon as thought that’s what people wanted to read. Sounded robotic and douchey. Talk to people like people.
- Didn’t realize annoying people stay annoying forever. Skills change, personality doesn’t
- Didn’t check references
- Didn’t know how to check references
- Took advice from non-customers (who would never be customers)
- Thought partnerships would solve distribution
- Chased fads. Remember when gamification and badges were the shit. It was when people cared about Foursquare. We thought people wanted badges and gamification so we worked on that. Waste of time.
- Stayed in a crappy office too long
- Experimented with remote workers too early
- Shiny object syndrome aka got distracted
- Thought cheap pricing would help us win
- Didn’t raise prices quickly enough
- Got too cute with pricing
- Hired smart folks and said we will figure it out later
- Didn’t outsource payroll soon enough
- Terrible on-boarding of new teammates
- Unreasonable expectations of users. We need to make it simple. It’s not their job to figure it out.
- Wasted time on poor leads
- Tried to be all things to all people
- Dress poorly
- Did things by committee too much
- Didn’t involve people like I needed too
- Thought culture would just happen
- Didn’t visit customers enough
- Took rejection too personally
- Tried to be a “salesy” sales guy and felt uncomfortable and it didn’t work
- Didn’t ask enough questions when pitching
- Poor post demo follow up
- Didn’t ask for sale
- Would spoon feed objections to prospects
- Didn’t realize content was our golden goose
- Tried to find other acquisition channels without exploiting what we were already good at
- Didn’t repurpose content like we should have
- Underinvested in our newsletter
- Didn’t do enough 1 on 1’s with folks on the team
- Didn’t give feedback frequently enough
- Provide more context about where we’re going and why everyone is doing what they’re doing to the team
- Worried too much about quality when we should have shipped a “rawer” product
- Ring the gong more even to celebrate small wins
- Fire bad advisors quickly
- Don’t buy stuff from customers. It gets complicated.
- Should’ve sued a partner who dicked us over but worried about legal expenses too much
- Hired customer success earlier
- Started really using Twitter earlier
- Get another blazer for those important meetings cuz it looked stupid wearing the same one all the time. See dress better.
- Gotten our sweet t-shirts earlier and send them to customers
- Don’t get coffee with random people with no agenda or idea why we were meeting
- Wasted time with people who wanted to integrate with CB Insights but who had no money to pay for data nor any clue what they wanted
- Should have raised prices a lot higher, a lot quicker
- Responded to trolls on the internet
- Didn’t get scientific about the content we should do early enough
- My desk is a freakin’ mess
- Didn’t give people clear enough instructions assuming they’d figure it out
- Thought this might be a good logo
- Eat together more as a team
- Keep the team better updated on new capabilities and what folks are working on
I’ll update this post over time. Lots more screwups to come (hopefully I’m learning)
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