It is probably the best of times for budding young entrepreneurs; they
have ideas ranging from good to great, esoteric, far-fetched, imaginative, hair
brained, stupid, and finally the ones that get you to “why did I not think of
this” ! Funding seems to be chasing ideas across the board, valuations are
going sky high; and then you meet someone who is struggling to get angel or
series A funding. The grass is green but not across the new ventures field,
there are many hidden brown and bald patches not visible from a distance.
Over the years I
had the opportunity to work with many startup ventures though as a customer who
believed in their story and vision. Some of them were into services, some
wanted to build products, and there was a group that believed that they could
change the world. Across all of them the excitement, enthusiasm and passion was
palpable and infectious. They loved the fact that they had my attention and
business, hoping to make it big someday; and some of them indeed did scale up
giving me and my team a sense of joy.
Startups got a
little more rope from me in comparison to larger players; at times they got
second chances. I listened to their dreams and where possible gave them some
insights from the journeys I had seen and my own. Almost all of them delivered
to promise and some more, with quality of work and speed of execution that
mostly the young are capable of. What they lacked in experience, they made up
with a fail faster approach. I did not know of travails of their teams,
internal culture, struggles, or their support ecosystem.
At a startup – the
CEO and CTO – both approached me separately seeking advice on conflicts that
had started increasing to the extent that a split was imminent. Each one
believed the company’s success was because of his efforts and the other was not
contributing; they resisted ideas from the other on selling and product roadmap
respectively. Suddenly after the initial success, they found it difficult to
live with each other. None was willing to bend, I suggested that they find an
amicable way to settle their differences or go separate ways, which they did.
In the last year
I have worked with multiple startups in various capacities from coaching,
mentoring, product and/or technology advisor, go-to-market, writing product
brochures, defining enterprise use cases, or rescuing them from the technology
quicksand. Each startups had a different persona, culture, challenges and
opportunities. Similar to large enterprises, the senior most person’s behaviour
and mannerisms defined the company. For some of the older folks who had joined
them, the generation gap was a challenge.
I met up with one
senior industry leader who had given up a juicy MNC position to join a VC
funded startup; he had a great track record in market expansion and acquiring
customers. He brought maturity to the discussion which connected with
customers, the CIOs. The going was good and that brought the company into
prominence. Success plays differently with people; some change for good, some
remain the same, and a few start believing that they are invincible. My
friend’s exit was the trigger for our meeting.
Ipso facto
analysis would reveal differing dimensions, the reality was that the conflict
arose from success and divergent views of next steps. Achieving scale was
necessary to take the company to the next level; the veteran knew what to do, had
done it before, the CEO had other ideas and he thrust them on the team with
obvious results. Observing the senseless and unaligned movement, employees
urged the veteran to intervene. He attempted to rationally reason out to no
avail; regretfully he quit leaving a trail of other exits.
I realize working
with startups require lots of patience; they have a mind of their own and you
may disagree with their views and direction. They will take your experience as
an enabler or an anchor based on their frame of reference; you need to accept
that they will not always do what you advised. Your success formula from the
past and large enterprises are at times discarded for uncharted waters. They
will listen to you and may end up doing something else. Allow them to make
mistakes even if they are obvious to you; they learn that way.
The young and the
restless are a different breed; most of them are born to a digital world and
followers of Robert Frost !
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