Tag Archives: #errors

Authenticity instead of “reasons”

 

A couple of weeks ago I shared an amazingly honest post from founder Anand Sanwal detailing the “screwups” he’s made as he built CB Insights.

I found it unusual because of his blunt honesty; so many founders offer reasons and try to spread the responsibility for errors — or so it seems to me.

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image source: here

Then last week I read Slava Akhmechet’s post-mortem after shutting down RethinkDB. In which he took full responsibility.

In hindsight, two things went wrong – we picked a terrible market and optimized the product for the wrong metrics of goodness. Each mistake likely cut RethinkDB’s valuation by one to two orders of magnitude. So if we got either of these right, RethinkDB would have been the size of MongoDB, and if we got both of them right, we eventually could have been the size of Red Hat[1].

Obviously, you can learn a lot from his analysis.

But that isn’t my point today.

I’ve always wondered how founders can claim stellar success is the direct result of their efforts, but anything less is not.

Now I’m wondering if a shift is happening; a shift from founders having reasons and blaming external elements to honest analysis and taking responsibility.

I understand that it takes a giant ego to start a company and believe in one’s vision in spite of the naysayers.

However, I think it takes an even bigger ego, and, more importantly, a secure ego, to admit one’s errors, to say “I screwed up,” to take responsibility, to be authentic.

I salute those founders with the courage to be truly authentic.

And I hope the rest will follow in the footsteps of these outliers.

Avoiding Founder Errors

This is a short post, because I want you to have time to read the link.

At the start of a new year most of us look for ways to improve. We make resolutions that occasionally even last past January.

We study what others have done and in order not to make the same mistakes. This process is even more important for founders, because their errors have a greater impact.

These days more founders are willing to share their mistakes, but it’s often after the fact and sometimes dressed up to minimize their own responsibility. (Just saying.)

A few days ago I read a truly unvarnished description of 54 errors made by a founder I have enormous respect for, Anand Sanwal (@asanwal), CEO/Co-founder/Customer Service at CB Insights.

Anand Sanwal (@asanwal)1

“Here’s a running list of my screwups at CB Insights. They span all facets of building a company – everything from HR to culture to product to sales to operations to admin. I am what you might call “multi-talented.””

CB Insights is incredibly successful. And if you don’t subscribe to his newsletter you are missing out on terrific data presented by someone who is also an excellent writer.

It is rare to find such a complete and candid list. I guarantee that if you take the time to read it, it will save you from at least three disasters this year (and beyond) if not more.