For a startup company, “every day has meaning”

November 15, 2007 at 7:45 am 2 comments

A couple of days ago I had coffee with Tim Wolters, one of Bouder’s thought leaders. We discussed several topics including the startup life.  During our conversation he used a phrase to sum up life in the startup lane, “every day has meaning”. For those of you who have been asking me about my take on life in the startup lane, I’d say that is the most accurate phrase to sum it all up. 

“Every day has meaning”, what does it really mean?  

Well, here is a reality check for you: An early stage startup is characterized by the abundance of scarcity. Everywhere you look around you there is a scarcity of one resource or another: just enough capital to last till the next funding round, paychecks that flirt with the poverty line, not enough engineers to write code, not enough servers, not enough hours in the day….not enough of almost everything. To maximize your scarce resources you make sure that you use your resources wisely, especially your time.  Time is allocated such that you get the most out of the time you spend on each task with what ever little you have.  Unlike in a large company, the consequences of not putting your time to good use in a startup are amplified because, in a startup company, YOU are the company. YOU are the impact. A startup’s survival depends on how much YOU put into it from day to day. Every day is a difference between fulfilling your startup ambition and life in a cubicle. Every day has meaning.

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Entry filed under: Startups.

Thoughts on Enterprise 2.0 That software may be around for a very long time….write it well.

2 Comments Add your own

  • 1. David Duey  |  November 15, 2007 at 5:00 pm

    Great post Tom! And, it was good meeting you at Defrag.

    Reply
  • 2. Tim Wolters  |  November 17, 2007 at 7:26 am

    Tom, thanks for the mention. Was good meeting with you as always, and remember, don’t run out of money 😉

    Reply

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