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Tuesday, January 18, 2011

What essential skills do startup founders generally lack?

Talent is most of all about faith, will power, practice and a hard work.
So yes, one can live up to his dreams by having strong faith, powerful will and
diligence. I keep reminding myself that every light, bright or faint, begins with a spark of the freedom of dreamingand the courage to believe. That is the difference between the creator and his opposite, the

Insight and instincts - your guides on the journey Whenever I felt I had a good idea, I used to go to people I admire and consult them upon it, in hope to get some kind of approval to my insane concepts. 100% of the time, the feedback I got was that it's impossible to technically do, impossible to monetize, impossible to raise the money for it... So what was it that made my friends tell me my ideas were impossible? Was it me? Maybe I failed to communicate my thoughts properly? Or was it a matter of bad timing?
In fact, throughout the years I began to realize that many of my ideas involved instincts, instincts that kicked so strong and became in away part of reality - a reality I saw but others sometimes did not.

Your peers can never be a good starting point. They are working for all those great corporations, and are imprisoned within this false transparent wall which prevents their minds from roaming free. Your peers can become innovators, they can be creative, they can posses a great variety of skills, and they can be very willing - But they too often will lack faith.
But don't get me wrong, I do think that one should seek other people's opinion, learn from it, embrace good advice as one lives through this journey. However, one should never lose his faith and should always listen to his inner voice and let
himself be guided by it.

keep our eyes wide open and move very consciously step by step, from one point to the next; most of the time, the idea we've started with will become something else along this journey; a product may turn out to be quite different from the one we've thought of at the beginning; we may come across a
different methodology of solving the problems we set out to solve. 

So let the world surprise you, let people around you become creative and innovative, let them grow and spread with the seeds you plant. It will make the things you yourself do even better.

Convincing others - Being a humble CEO
For many years I loved working for Microsoft, I loved the people around me and I loved dealing with great challenges. Too often I found myself frustrated and thinking: "Oh well, when I have my own company I'll be the one making the decisions, and I'll lead all my people to the Promised Land, in my own way."
Years went by, and ironically I must admit, I've learned that in order to be
a good leader one has to sometimes let other people lead

If you choose to work with great and smart people, you must allow
them the freedom of choice
; otherwise you will only find yourself building
another corporation, with people taking forever to convince you and each other
before actually beginning to build the product.
Startup companies do not have this time to waste, and as the leader of such a company you must hire great and creative people, and make sure you allow them the space and freedom to spread their wings and take you up.

Raising Money
It took me a while to understand that it is not the idea I'm selling in order to raise money, but it is rather me and my skills. When you go around raising money do
not fix yourself only on the idea or on its potential. Investors are after
the full package, they are looking for the right people who can make it
happen and which increases their chance of success

I never spend extra money on a business class ticket when I travel around the world, I never buy fancy stuff to make me feel like a successful CEO, but I do try to spend a fair amount of money on my employees. This is the wisest investment I can make with my investors' money.

Find your partner
Never start a company by yourself. A great partnership and collaboration will always prove more beneficial than anything you can do on your own. 
The greatest challenge when starting up a new company is finding the right partner. A person to walk with you all the way.
You must find the person who will complete you, fill in your weak spots, encourage you when you lose faith -- a person with whom you can share all your intimate thoughts on your path to success. It may be hard to do but you'd better find that great partner for this journey.

Remember that you are not defined by what you do or don't do, or by what you achieve or do not achieve. You are the reflection of the strength of your faith, and of the power of your will and diligence. This is what makes you who you are and it all has to do with the freedom you give your mind. You are the dreams you dare to dream

Never save the best for last
Don’t ever write long answers, no one actually read it. You may lose the opportunity to mention your company brand, BTW, it's Genieo (product)
Remember, It’s all about Messaging and Marketing! Marketing! Marketing! ;-)

Read full discussion on Quora.


You can also read my full blog post on this topic:

Starting up and Startup (Part 1)


Starting up and Startup (Part 2)






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