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What money can t buy essay Harvard

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What money can t buy essay Harvard

If you want ideas for startups, one of the most valuable things youcould do is find a middle-sized non-technology company and spend a couple weeks just watching what they do with computers. Oneof the worst things that can happen to a startup is to run into intellectual property problems. Which meant we got to watch as they used our software, and talk to them about what they needed.

I think the reason i made such a mystery of business was that i wasdisgusted by the idea of doing it. Ifa startup fails, it will probably fail quickly enough that you can return to academic life. What i didnt grasp at the time was that the valuation wasnt just the value of the code wed written so far.

But yourenot allowed to ask prospective employees if they plan to have kids soon. We talked to a number of vcs, but eventually we ended up financingour startup entirely with angel money. The main reason they want to talk aboutyour idea is to judge you, not the idea.

Since this was the era of get big fast, iworried about how small and obscure we were. When we got real funding nearthe end of 1996, we hired a great cfo, who fixed everything retroactively. And when businesspeople try to hire hackers, they cant tell which ones are.

Stephen hawkings editor told him that every equationhe included in his book would cut sales in half. It turns out that no one comes and arrests you ifyou dont do everything youre supposed to when starting a company. Thats the way to think about it if youre trying to decide whether to start one.

And you should, because someof them may one day be funding your competitors. Once you get big (in users oremployees) it gets hard to change your product. After all, as most vcs say, theyre more interested in thepeople than the ideas. Its true that a restaurant with mediocre food can sometimes attract customers through gimmicks. There could be ten times more startups than there are, and that would probably bea good thing.


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What money can t buy essay Harvard

What Money Can’t Buy: The Moral Limits of Markets by Michael ...
Books What Money Can’t Buy: The Moral Limits of Markets by Michael Sandel Michael Sandel’s critiques of our actions are under scrutiny by Philip Badger.. That What Money Can’t Buy: The Moral Limits of Markets is a subtle and sophisticated analysis of the impact of the free market on our lives will come as no surprise to readers familiar with the recent work of Professor Michael Sandel of ...
What money can t buy essay Harvard And if the idea of starting a startupfrightened me so much that i only did it out of necessity, there must be a lot of people who would be good at it but who are too intimidated to try. They could sing campfire songs in the classesso long as admissions worked the same. Academic writing is one of the most difficult duties students in both high school and colleges can be tasked with. And while this washappening, the acquirers used the delay as an excuse to welch on the deal. If you think about people you know, I was working for yahoo when google appeared, and yahoo didnt understand search. As with office space, the number of your employees is a choice between seeming impressive, Thereare esoteric areas of business that are quite hard. If hiring unnecessary people is expensive and slows you down, whydo nearly all companies do it? I think the main reason is thatpeople like the idea of having a lot of people working for them. I think mostbusinesses that fail do it because they dont give customers whatthey want.
  • How to Start a Startup - Paul Graham


    Andyet bill gates was young and inexperienced and had no business background, and he seems to have done ok. I put the lower bound at 23 not because theres something thatdoesnt happen to your brain till then, but because you need to seewhat its like in an existing business before you try running yourown. Starting a startup is not the greatmystery it seems from outside. The companyid been consulting for seemed to be running into trouble, and there were not a lot of other companies using lisp. The problem is, for the company to exist, you have todecide who the founders are, and how much stock they each have.

    Talk to as many vcs as you can, even if you dont want their money,because a) they may be on the board of someone who will buy you, and b) if you seem impressive, theyll be discouraged from investingin your competitors. I do have a rule of thumb for recognizingwhen you have, though. Once youve got a company set up, it may seem presumptuous to goknocking on the doors of rich people and asking them to invest tensof thousands of dollars in something that is really just a bunch of guys with some ideas. You dont want to be running out of money while youre trying to negotiate with them. Was the persongenuinely smart? If so, could they actually get things done? Andfinally, since a few good hackers have unbearable personalities, could we stand to have them around? That last test filters out surprisingly few people.

    Customerswill worry youre going to flake out and leave them stranded. So ithink people who are mature and experienced, with a businessbackground, may be overrated. How do you figure out what customers want? Watch them. Corollary avoid starting a startup to sell things to the biggestcompany of all, the government. Its moneyinvestors have given you in the hope youll be able to generate revenues. Almost everyone who worked for us was an animal at what they did. For example, dating sites currently suck far worse than search didbefore google. Evenyou yourself, unless youre very unusual, will feel your age to some degree youll find it awkward to be the boss of someone much older than you, and if youre 21, hiring only people younger rather limits your options. Greatthings happen when a group of employees go out to dinner together, talk over ideas, and then come back to their offices to implement them. So the products that start as cheap, simple optionstend to gradually grow more powerful till, like water rising in a room, they squash the high-end products against the ceiling.

    March 2005 (This essay is derived from a talk at the Harvard Computer Society.) You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.

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    You can come along at any point and make something better, and users will gradually seep over to you. Every couple weeks iwould take a few hours off to visit a used bookshop or go to a friends house for dinner. Though of course you dont have to be a cs major to be ahacker i was a philosophy major in college. And while this washappening, the acquirers used the delay as an excuse to welch on the deal. You might think thatanyone in a business must, ex officio, understand it.

    At a first rate university this might include the top half of computer science majors. Theres nothing about knowing how toprogram that prevents hackers from understanding users, or aboutnot knowing how to program that magically enables business people to understand them Buy now What money can t buy essay Harvard

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    When there are just two or three founders,you know you have to resolve disputes immediately or perish. We could bearany amount of nerdiness if someone was truly smart. I do have a rule of thumb for recognizingwhen you have, though. This was slightly embarrassing at the time, but in retrospect the grad-studentyatmosphere of our office was another of those things we did right without knowing it. But should you start a company? Are you the right sort of personto do it? If you are, is it worth it? More people are the right sort of person to start a startup thanrealize it.

    I put the lower bound at 23 not because theres something thatdoesnt happen to your brain till then, but because you need to seewhat its like in an existing business before you try running yourown What money can t buy essay Harvard Buy now

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    What they all have in common is that a dollar from them is worth one dollar. Ideas for startups are worth something, certainly, but the troubleis, theyre not transferrable. If you go to vc firms with abrilliant idea that youll tell them about if they sign a nondisclosureagreement, most will tell you to get lost. We felt like our role was to be impudent underdogs instead of corporate stuffed shirts, and that is exactly the spirit you want. You make elaborate plans for a product, hire a team of engineers to develop it (people who do this tend to use the term engineer for hackers), and then find after a year that youve spent two milliondollars to develop something no one wants.

    I used to work till 200 or 300 am everynight, seven days a week Buy What money can t buy essay Harvard at a discount

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    But they all said no,so i had to do it myself. But can you think of one that had a massively popularproduct and still failed? In nearly every failed startup, the real problem was that customersdidnt want the product. And since all the hackers had spent manyhours talking to users, we understood online commerce way betterthan anyone else. The most important way to not spend money is by not hiring people. After all, as most vcs say, theyre more interested in thepeople than the ideas.

    During this time youll do little but work, because when youre notworking, your competitors will be. A restaurant with great food can be expensive, crowded, noisy, dingy,out of the way, and even have bad service, and people will keepcoming Buy Online What money can t buy essay Harvard

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    All you need to know about business to run a startup are commonsense things people knew before there were businessschools, or even universities. Once youve got a company set up, it may seem presumptuous to goknocking on the doors of rich people and asking them to invest tensof thousands of dollars in something that is really just a bunch of guys with some ideas. Every couple weeks iwould take a few hours off to visit a used bookshop or go to a friends house for dinner. Erdos was an extreme case, but most husbands use the same trick to some degree. One person would find the moral weight ofstarting a company hard to bear.

    The way a startup makes money is to offer people bettertechnology than they have now Buy What money can t buy essay Harvard Online at a discount

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    I do have a rule of thumb for recognizingwhen you have, though. Getting money from an actual vc firm is a bigger deal than gettingmoney from angels. So we were happyin the end, though the experience probably took several years off my life. Oneof the worst things that can happen to a startup is to run into intellectual property problems. I was persistent,but i didnt have the smoothness of a good salesman.

    One of thebest places to do this was at trade shows. Its hard to tell whether youre a good hacker, especially whenyoure young. When eminent visitors came to see us, we were a bitsheepish about the low production values. Paraphrased for the web, this becomes getall the users, and the advertisers will follow What money can t buy essay Harvard For Sale

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    When you work onmaking technology easier to use, youre riding that curve up instead of down. And while you can outhack oraclewith one frontal lobe tied behind your back, you cant outsell anoracle salesman. That is the single most importantissue for technology startups, and the rock that sinks more of themthan anything else. Indeed, you can use this as a way to generate ideas forstartups what do people who are not like you want from technology? When most people think of startups, they think of companies likeapple or google. If you go to vc firms with abrilliant idea that youll tell them about if they sign a nondisclosureagreement, most will tell you to get lost.

    The aeron came out during the bubble and was very popularwith startups For Sale What money can t buy essay Harvard

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    That is the single most importantissue for technology startups, and the rock that sinks more of themthan anything else. The most important is that you should put users beforeadvertisers, even though the advertisers are paying and users arent. Dont hire people to fillthe gaps in some a priori org chart. But when you look at it from the richpeoples point of view, the picture is more encouraging. I wanted to work in the pure, intellectual world of software, not deal with customers mundane problems.

    Another sign of how little the initial idea is worth is the numberof startups that change their plan en route. There could be ten times more startups than there are, and that would probably bea good thing Sale What money can t buy essay Harvard

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