Dear SaaStr: What Were The Top Pieces of Advice You’re Glad You Ignored?
1. Don’t do any VC investments your first year. Take your time. Sound advice. But would have missed 4 unicorns if I had.
2. It’s Hopeless. Let’s Throw in the Towel. Yes, it was. But quitting doesn’t help.
3. Don’t start that start-up, it won’t work, there aren’t enough customers, and the technology doesn’t work. All true, based on conventional knowledge. We sold that company (my first start-up as a founder) for $50,000,000 12.5 months later.
4. Don’t join that start-up, it’s not enough money. True, but it got the journey going.
5. Don’t leave. I’ll pay you $50,000 to stay. A lot of money. But it was time.
6. Don’t hire that VP. He has one terrible reference. Yes, but what about the other 3 great references? The best in startups often break a little glass. Too much is a problem. But a chip on the shoulder can be good.
7. Don’t do that investment, the CEO is hard to work with. Yes, but he’s been 100% honest, upfront, and transparent. I’ll take that over a schmoozer any day of the week.
8. He/she can’t do the job, they don’t have enough experience. You’re missing the point. They’re the hardest-working person at the company. They grow every single month. Watch where she’ll be in 6 or 9 months. Ahead of almost everyone else. I’ll take that bet.
A related post here: