The *business* of software
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Justin Bellinger
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When should founders consider moving aside?
Replied Apr. 3, 2009
When should founders consider moving aside?
Replied Apr. 3, 2009
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Started Apr. 2, 2009
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David Locke said:Stage gate that client's verical. You will need to get eight clients sequentially. When you stage gate each of them, ask yourself if their vertical has enough seats and enough dollars to justify entering the vertical as a stand alon…
G.C. Hutson said:I would advise ... run it as a "lean and mean bootstrap operation," but don't give-up on VC's, angels or other capital influxes.
As a brand new bootstrapper, that seems like valuable advice to me. Keeping an open mind and being wi…
I'll be honest and say, of the 32 or so referenced above, only two were where the founders had stepped aside, and those two were better for it, but also a couple where they hadn't were great too. I'm not really trying to generalize, I am rather aski…
Sounds like you're just considering "companies where founders haven't stepped aside."
Don't you also need to consider "companies where founders HAVE stepped aside," and then use some objective measure for whether that's a "good idea?"
My experienc…
12 companies directly over the last 20 years or so. The only time I wasn't working for founder-led companies was when I worked for Hewlett-Packard for a time; Bill & Dave had already stepped aside by then.
Plus I case study other businesses where I…
Justin,
As a matter of curiosity, in relation to "my professional opinion, in 90% of those cases", how big is your sample?
Constantine (founder who tried to step aside several times)
i dont see a link between bootstrapping and innovation. i have worked with bootstrapped businesses and vc backed ones as well and there good innovative businesses in either camp just as there were dull businesses.
James Avery (@averyj) said:I am not sure where you live but in the US a contractor/consultant has no rights to unemployment. The company can terminate the contract or reduce it to 0 hours and have no liabilities. This is why when I talk to people I…
Thanks for all of your input on this.
My friend is from the US, and held a management position that was not on a contractor basis.
I guess you are right, a lawyer is needed.
Thanks again.
Seems to me that your fiend needs to talk with the unemployment people or a lawyer.
He may be keeping his benefits, but if he was exempt, then he doesn't work by any hourly standard, and cutting his hours to zero wouldn't mean that he wouldn't get…
Paul Walsh said:Yes consulting can slow down focus but it does not have to. You can build a roadmap of features that you want to include in a product and then basically direct your sales to find customers who want those features and are willing to f…
Charles Neville said:David Locke said:What do you need cash for? Client's have cash, so get clients.
It really depends on what your product is doesn't it? If your product is being sold to a vertical then this works, if it's a mass market product, a…
Bootstrapping is a very good strategy up to a point and depending on what you really are trying to achieve:
Bootstrapping is good while determining that there is actually a problem that can be solved.
Bootstrapping is good for determining who is i…
David Locke said:What do you need cash for? Client's have cash, so get clients.
It really depends on what your product is doesn't it? If your product is being sold to a vertical then this works, if it's a mass market product, and requires considera…
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