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01-Jun-15

Startups & Hiring

 

Today, seed stage startups can now get funded, release 1 or 2 versions of their app spread over 9 months, and then fail without making a peep.

  • His most important advice is that mobile startups should not look to blow all their seed funding just to get to a v1 because it leaves nothing in the pot should it not work out:

“Don’t burn 1/2 of your funding to get to a v1”

  • This FirstRound post describes how PlanetLabs turned its interns into company leaders with a bold internal initiative that basically treats them no differently from other tenured employees:

“The secret to a remarkably productive internship program is enlisting interns to work on mission-critical tasks, and then giving them as much trust, freedom, and information as they need to succeed.”

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