Ten Startup Tips From Amazon Founder, Jeff Bezos

Angry BossIn August 2004, FastCompany published an article titled, Inside The Mind Of Jeff Bezos, written by Alan Deutschman. Although the article is informative, it is the accompanying sidebar that has remained with me over the succeeding years. Under the heading, “The Book On Bezos,” the callout lists ten actionable and impactful nuggets of startup advice.

I review these tenets with my entrepreneurial students at UC Santa Barbara at the beginning of each quarter to reinforce many of the key topics we will cover in the following weeks. They are listed below augmented with quotes from Jeff Bezos taken from various points in his career.
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Self-effacing Entrepreneurs Put Their Team Above Their Personal Self-interest

Team Above Selfthe Team’s objectives supersede those of the Individual
The ninth tenet outlined in Core Values

http://t0.gstatic.com/images?q=tbn:ANd9GcQzUtZpLJj7AWajhN5qy9WafF7aelm4F91a9R4sbuHS6kPHyMqSWhen I was an operational startup executive, I seldom lost my temper in the workplace. However, one of the few things that angered me at a base level was when an employee would place their personal interests above those of the company.
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Entrepreneurs Need The Confidence, Courage And Conviction To Be Unreasonable

Unreasonable “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man."
George Bernard Shaw, Irish Playwright, Co-founder, London School of Economics

Entrepreneurs must be unreasonable in order to dismiss the status quo and create novel solutions. However, an irrational lack of reasonableness will sabotage an entrepreneur’s efforts.

In the following video, I explain how emerging entrepreneurs can develop the confidence, courage and conviction necessary to know where and when it is appropriate to be unreasonable. Continue reading

Decision Making 101

Roy Disney“It’s not hard to make decisions when you know what your values are.” 
Roy Disney, American Entrepreneur

I recently gave some advice to a software engineer who was trying to decide between two startups. My advice is was not earth shattering, but the engineer was appreciative nonetheless. He must have read my Thank You entry, as he later sent me an awesome selection of beer and wine as an expression of his gratitude.

I have summarized my straightforward counsel below, in the hopes that it might help someone else who is in the advantageous position of selecting between multiple startup opportunities. Continue reading

Why You Should Hire A Gaggle Of Interns At Your Startup

The Office Team“If I had to, I could clean out my desk in five minutes… and nobody would ever know I’d ever been here. And I’d forget too.”
Ryan Howard, the fictional Intern on the TV comedy, The Office

Michael Scott, the fictional head of Dunder Mifflin’s Scranton office, hires an Intern for all the wrong reasons. Driven by low self-esteem, the hapless Mr. Scott is seeking a junior person who will adore him and act upon his whims.

Unfortunately for Mr. Scott, he hires Ryan, a smart, ambitious and disrespectful young man who is the catalyst of endless subterfuge which further undermines the office’s abysmal corporate culture.  Continue reading