Leadership and Management
What Should You Look For In A Mentor?
“I want you to meet with Dave,” Mike, the managing partner of the VC fund I was interviewing at to be an Entrepreneur in Residence (EIR) said. “He does most of our semiconductor investments, so it’s important for the two of you to meet.” [Do you want to grow your business? Maybe I can help. Click…
Read MoreWhat’s The Right Way To Determine Your Team’s Salary?
I’ll never forget one of my investors, “Raul”, asking me how much I was going to pay myself after we closed our $12 million round of funding. I told Raul I was going to pay myself $200,000, well below the market rate of $250,000 at the time. This was significantly more than the zero salary…
Read MoreHow Do You Make The Most Out Of A Weak Team?
“Where did they find these people?” I asked my friend and employee, Steve. “We would have never hired them at Maxim (Integrated Products).” [Do you want to grow your business? Maybe I can help. Click here.] I was talking to Steve after I’d been at Micrel for a month as General Manager of one of…
Read MoreIs There A Right Way For You To Fire Someone?
There’s a great story in Ben Horowitz’s book, “The Hard Thing About Hard Things”, that I can really relate to. In the book, Horowitz’s company, Opsware, was going to IPO. At the same time, they were going to perform a layoff. [Do you want to grow your business? Maybe I can help. Click here.] Horowitz…
Read MoreWhy You Should Be Generous With Your Team
A few years ago, I was in the first board meeting for a startup that just closed its initial venture funding. The company’s founder, “Ray”, had been working with me since the company’s inception, and he asked me to be on the board. [Do you want to grow your business? Maybe I can help. Click…
Read MoreHow Does A Lack Of Funding Affect Your Company?
“Brett, we’re going to need to shutdown our advertising,” Tina, our controller, said to me. “We need to preserve our cash until we get more funding. Look at the cash flow (statement).” [Do you want to grow your business? Maybe I can help. Click here.] Tina and I were reviewing what we needed to do…
Read MoreThe Hidden Secrets To Successfully Setting Goals
Venture Capitalist John Doerr famously said that the key to success is setting the right goals. And, of course, Doerr’s right. You do need to set the right goals to succeed. However, there are other things you need to do, in addition to setting the right goals, to succeed. That’s what today’s video is all…
Read MoreHow Often Should You Meet With Your Investors?
“That’s insane,” I said to “Kevin”, a CEO I am working with. “Your investors want you to have weekly meetings with them. Good luck with that.” [Do you want to grow your business? Maybe I can help. Click here.] “That’s too much?” Kevin said to me. “But the weekly meetings will just be updates, and…
Read MoreHow Do You Build A Tech Startup Without A Tech Background?
There’s an impressive list of non-technical founders that successfully built technology startups. The most notable being Steve Jobs. [Do you want to grow your business? Maybe I can help. Click here.] Now, I have a little experience as a non-technical founder of a technology company. Even though I have a BSEE, I hadn’t designed the…
Read MoreThe Five Traits To Look For In A Problem Employee
“They even got me an apartment to stay in when I went to Shanghai,” “Tommy”, my new VP Sales said to me. It was offhand comment Tommy made about his time consulting with another startup that was based in China. [Do you want to grow your business? Maybe I can help. Click here.] But, the…
Read More