VentureBeat: Severe Facebook Revenue Revisions
Sad how this Facebook IPO has turned from a bad NASDAQ technical issue to a total debacle on every front.
Facebook's S-1
I love these filings. I really wonder how they’re going to do as a public company.
Should founders meet every single hire?
One of the hardest things every founder must deal with is finding and hiring the best people.
And it only gets more challenging over time.
In the early days the founder typically hires folks he/she knows. the early team can often be an opportunity to get the old band back together again
But as the company grows and staffing beyond the early team means going outside of your immediate networkIt’s painfully time consuming, it’s risky and significantly more difficult — and yet critical.
The one thing I encourage all founder/ceo’s to do is to make sure they meet or at the very least review every single candidate. Do not let your management team hire folks without your knowledge and specific approval about the position, candidate and economic package.I’ve heard from many people that Larry Page reviewed every single position and candidate at google well into the time when they had thousands of employees back in the day. I’m not sure if this still happens at Google today.
This isn’t always easy especially if your company is growing quickly and there is often a desire to empower the management team.
But not paying attention or shying away from this responsibility can create huge problems with culture, quality, expenses, and overall effectiveness of the company.
Hiring the best people and creating a positive culture takes constant work and attention. And it’s worth every minute you put into it.
i love this.
Culture is a Company’s Holy Grail - US Business News Blogs
cnbc.comIn 2008, Harvard University handpicked Coty to be the focus of a case study entitled “Bernd Beetz: Creating the New Coty.” Published in the Harvard Business Journal, the feature examined Coty’s success as the largest fragran…
I would love to be revered for our culture, among the many other things that we strive for. It’s all about having good people buy into the common goal. We’re off to a good start.
Peyton Manning’s Lessons In Career Strategy
BY Expert Blogger MARK MCNEILLY, fastcompany.comThis blog is written by a member of our expert blogging community and expresses that expert’s views alone.
This week, the Indianapolis Colts released four-time MVP quarterback Peyton Manning to look for work with another NFL team. As removed as…
Once again, the media gets this story wrong. Peyton left because he doesn’t have time to wait while they rebuild the Indianapolis franchise. He did not leave because Jim Irsay was unprepared or unwilling to pay him the bonus. Anyone who saw the press conference and have read the interviews is crazy to think otherwise. Peyton’s time to win as a quarterback is limited.
Great CEOs Must be Either Technical or Financial
Venkatesh Rao, forbes.com
I am struck by a major disconnect between the stories of real-life CEOs and theories of leadership. The theories of leadership never seem to talk about necessary expertise in running companies. Most of the thinking seems to revol…
A CEO who does not understand, on a pretty macro level of course, what their employees are doing with available technology will be extremely ineffective. One doesn’t need a deep understanding, but I think one of the key elements not mentioned here is earning the respect of the technically-abled is crucial if they’re going to work to develop your product.
DON’T MISS
Mark Cuban, businessinsider.comAnyone who has started a business has his or her own rules and guidelines, so I thought I would add to the memo with my own. My “rules” below aren’t just for those founding the companies, but for those who are considering going to work f…
One of the best articles on startups I’ve read in awhile. It’s also one of the shortest. The “you must have an exit strategy in business” mantra/requirement has always irked me. I’m not interested in leaving. That’s not to say that I don’t understand my fiduciary duties to my family, team members and customers. I guess I have a problem with creating something simply to either destroy it or exit as soon as the payout can be best, without attachment. The right time may come for my exit in my current business or any future ones…but I’m not going to plan for it as I would plan to trade in a vehicle on a lease program. I want to build something that will last.
The Television Industry Is Scared Witless Of Apple’s iTV, Here’s What They Think It Will Be
John Brownlee, cultofmac.comThe specter of Apple’s rumored iTV looms large over CES 2012
The Consumer Electronics Show has officially kicked off here in Las Vegas, and if there’s one thing every Mac fan should go into CES knowing, it’s that the whole television…
I love how scared the TV industry is of a rumored product that only exists in imagination. That’s power. Apple is unbelievably far ahead of the game. And, of course, iTV will be too.
The 11 Best Innovation Essays We Published In 2011
BY BELINDA LANKS, fastcodesign.com
Fast Company’s top 11 essays from 2011. Great collection.
How social networks beat email | Felix Salmon
Maija Palmer, with another one of those end-of-email articles, finds this intriguing story:
Andy Mulholland, chief technology officer at Capgemini, says email works poorly for people working in unstructured roles, such as enginee…
Email isn’t going anywhere.
We still have the United States Post Office for God’s sake! And it loses hundreds and hundreds of millions of dollars at every opportunity!
Email will be around for as long as the Internet still works. It may not be as busy as it is now, but it’s a staple.
