One of the best articles and case studies on entrepreneurship I read so far! Jonathan Abrams was the phoenix of the dot com crash and signaled a new era in silicon valley. He invented social networking and got all the best and the brightest names from management (tim koogle, former ceo of yahoo) to VCs (john doerr from kleiner perkins put in $12m), and others really top-of-the-top of silicon valley.
Key take outs:
- focus only on core business and core services and don’t spread it (with partnerships) but even narrow it as you progress: it’s like sharpening the knife, you want to cut deeper and deper in the market
- face the problem when it arises and move the whole organization to solve it (scalability of software in his case)
- never trust the investors
- trust your gut feeling; you are the entrepreneur, no big shot ceo can know better what’s best for your company
- dream; finally, never never never stop dreaming: you don’t need a dream team to dream
A must read for everyone in startup and growth mode:
How To Kill A Great Idea (Inc. Magazine)
And also:
10 Questions for Abrams















1 response so far ↓
Piotr Jakubowski // Jun 19, 2007 at 9:17 pm
The second and fourth points mentioned seem so key. When one is an entrepreneur, not only is one responsible for the company, you must also be courageous enough to lead the way and say “no”.
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