American - Businessman | December 1, 1965 -
A typical leader has - a natural tendency is to be defensive in the face of a crisis. The first reaction is to blame someone - or something - else. Often, the blame is aimed at something abstract or non-controllable, which often has nothing to do with the crisis but is adjacent to whatever is going on, so it's an easy target.
Brad Feld
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If the crisis lasts moments, rapid action is critical. But if it's simply the beginning of a broader issue, especially one where the root cause isn't known yet, the worst thing a leader can do is act immediately.
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Stress on fast growing companies comes from a lot of different places. The one that is often the largest, and creates the most second-order issues, is the composition of the leadership team. More specifically, it's specific people on the leadership who don't have the scale experience their role requires at a particular moment in time.
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I'm not deeply involved in politics, but about 25% of the people I interact with in politics went to law school.
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'Sunspring,' the first known screenplay written by an AI, was produced recently. It is awesome. Awesomely awful. But it's worth watching all ten minutes of it to get a taste of the gap between a great screenplay and something an AI can currently produce.
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Q1 is the easiest quarter to make. If you miss your Q1, regardless of the type of revenue you have, you aren't going to make your revenue plan for the year because your budget process isn't accurate.
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If you sell a physical product, you have a lot of Q4 upside and unpredictability, but now you have to manage your cash to get to Q4 so that you can invest in building inventory to over-perform.
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If you aren't going to make your revenue plan, it's unlikely you'll make your EBITDA or Net Income plan. You don't even have to get complicated and look at Gross Margin or more derivative metrics - if you are off in Q1 and have any sort of growth expectations , you are going to miss for the year.
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I'm usually an excruciatingly happy person.
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At Foundry Group, we always look for companies that we think build magic into their products. Occipital has been one of those companies.
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There are two great fictional TV series about technology and the computer industry that each have now had three seasons. The one everyone knows about is 'Silicon Valley.' The lesser-known one is 'Halt and Catch Fire.'
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I have no idea what the economics of the movie business is, especially with all the new Amazon, Netflix, Showtime, AMC, SyFy, and HBO series. But I am intrigued with what feels like a new type of show - the six-to-eight-hour movie. It's a little too long to watch in one setting, but you can watch it over a three- to five-day period.
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