What does a CEO do and tianjin?!

Whilst thinking about planning my packing to the lovely city of Tianjin for this years World Economic Forum Summer Davos session I got an email from my little cousin with a link that actually one of our board had also sent me some days back.

So without repeating what I read – I wanted to link to the article as I think it is very insightful… http://www.avc.com/a_vc/2010/09/what-a-ceo-does-continued.html

The important here is to note a few really important elements in the CEO hat:

1. In the beginning the CEO does everything – sweep the floor to decide billion dollar vision.

2. At a certain points he/she build a team and starts to flow the creative juices – he/she is in the team.

3. At a certain point, arguable, he or she is partly in the team and partly out of it… in some cases the bond with the COO grows but distinctly the job at the top becomes lonely.

4. They have to usher brilliance and encourage people to take chances yet shepherd the company to steer properly; this is sometimes contradictory.

5. They have to be able to live and breathe uncertainty externally and yet breathe calm/peace when they look into the eyes of those in their company…

6. They need to excite, inspire and push forward… and ideally create a chain reaction so everyone else does.

7. They need to focus on long term and short terms – stitching what sometimes look as different chapters from a different book into a single book!

8. They at times need to make unpopular decisions and things that align with the vision.

9. They need to smile a lot and be able to communicate culture, vision but also failure with the same passion and gusto…

10. THEY NEED TO BELIEVE….

More on Tianjin in the next post – am about to leave this coffee shop! Oh the perils of running around in monsoon season in India!

Is hiring obsolete?!

I read this and think it is great… here is a snippet with a link to Paul’s site.

Hiring is Obsolete http://paulgraham.com/hiring.html

May 2005

(This essay is derived from a talk at the Berkeley CSUA.)

The three big powers on the Internet now are Yahoo, Google, and Microsoft. Average age of their founders: 24. So it is pretty well established now that grad students can start successful companies. And if grad students can do it, why not undergrads?

Like everything else in technology, the cost of starting a startup has decreased dramatically. Now it’s so low that it has disappeared into the noise. The main cost of starting a Web-based startup is food and rent. Which means it doesn’t cost much more to start a company than to be a total slacker. You can probably start a startup on ten thousand dollars of seed funding, if you’re prepared to live on ramen.

The less it costs to start a company, the less you need the permission of investors to do it. So a lot of people will be able to start companies now who never could have before.

The most interesting subset may be those in their early twenties. I’m not so excited about founders who have everything investors want except intelligence, or everything except energy. The most promising group to be liberated by the new, lower threshold are those who have everything investors want except experience.