Globe exclusive: Michael and Richard Hyatt selling BlueCat for ~ $400m to Madison Dearborn. Second big exit for the brothers after 2011 sale of Dyadem. In both cases they were majority owners at time of transaction. ... See MoreSee Less
Kevin GervaisAmazing Michael Hyatt congrats! As Dan mentioned, these guys are the real deal - extremely giving to the ecosystem, and genuinely interested in helping out. Michael gave me two of the best tips a year ago: 1. It's all about monthly revenue growth. 2. It's all about monthly revenue growth. Never forgot it.
Rather than just pointing out the problem of sexism in tech companies, I wanted to provide some recommendations for leadership teams and tangible things they can do to ensure they aren't blindsided by it happening at their company. I'm also a big believer in preventative problem solving, so there's some of that in here, too.
If you have any feedback, or other suggestions, please chime in! Let's talk the talk and walk the walk.
Sidenote: this is my first medium post. I know I'm late to the game but damn do they make writing feel beautiful. ... See MoreSee Less
Mike BeltznerThis is great, Breanna. We started an internal program last year at Facebook called "Be The Ally" which focuses on building a sense of shared responsibility for creating a supportive and equal workplace. The goal of the program is to encourage people to support each other both through being open and listening, but also by taking actions in the workplace to stop behaviours that aren't supportive (interrupting, mansplaining, shouting, inappropriate comments, etc).
It's amazing how much these little actions can help.
Bhavna SehgalGreat article ! def applies to industries other than tech as well. Great pointers for people starting their own businesses. Thank You.
15 hours ago · 1
Alison Livey GibbinsInsightful post. "But, don’t be afraid to hire or promote people who think differently than you. Someone that disagrees with you should not be seen as confrontational or difficult, they will make you and your company better.".... and consider intervening if you get feedback that they are not the right "fit". It may signal larger company culture issues about embracing change and shifting roles in order to grow.
Nicole KellyThis is a very worthwhile read. We all need to remember that sexism isn't a one-gender or one-person problem in the workplace. We all need to take the steps to combat the conscious or unconscious biases that might creep through our companies and leadership teams. This an area in which we all need to observe, question and be vocal about. Don't force women to stand up for themselves alone. Can you stand up for them? With them?
Note: While this comment specifically is gender-focused, the same can be said about every other aspect of diversity across the workplace. Look out for the people around you and stand up for what's right on the foundation of equality, inclusion, and mutual respect.
Randall HowardThanks for sharing your thoughts, Breanna Hughes. I continue to be dismayed by knowing that it's 2017 and we're still dealing with these issues. Should have been put behind us years ago. I know it takes courage to speak out. Yet, the more who do speak out, the more it strengthens all those working for a more inclusive workplace for all.
Answer (1 of 3): You have at least doubled your money in less than a year, so if you continue to double your money you won’t need investors, you will have your own capital! Reach out to fund of funds managers and other institutional investors and provide them with statements showing the success ...
Hey, so most of you know I've dug in on radio advertising rather successfully at a few startups now. Shiv Narayanan from Wild Apricot interviewed me on this topic for his latest SaaS podcast. There's a lot to take in (it's about an hour) but for those of you that were/are curious I'd offer that it's worth a listen. Learnings extend far beyond "radio" if you listen carefully enough (what else are you doing that you could model this way?). It's not nearly exhaustive but it's certainly the most comprehensive "documentation" of what I've learned.
Big thanks to Shiv for pulling it out of me and playing devil's advocate.
Ping me if you have more questions on the topic after listening as there's not a lot floating around on this subject. ... See MoreSee Less
Kamil RextinMitch, just gave it a listen great listen! Learned a ton. had a question about direct attribution vs overall lift in the business. You did mention it but was that overall lift based on branded non branded search and "how did you hear about us" on the form?
2 days ago · 1
Mitch SolwayThanks Kamil Rextin! The overall lift was actually measured by looking at total new acquisitions across all channels. We ignored any kind of "actual" radio attribution to determine the "lift" factor. We could see everything go up when on air and down when off.
Mitch SolwayThat's another podcast topic : ) I've done a ton of podcast advertising (all at FreshBooks) as well..works quite a bit differently than radio. What's best about it is that the podcast host delivers your message so it builds tons of cred and is great where influencers and referrals drive your biz. Leo Laporte actually said "FreshBooks saved my life!" as part of his read on TWIT ...I could not have written anything that awesome.
Ian Andrew BellCan concur. Have done national and regional campaigns with BuzMe, RingCentral, Zoro, and RosterBot. Always get excellent CPA values and generally find sneaky ways to measure this. Even did Howard Stern when he was on FM syndication. Lots of tricks to creating memorable radio ads... repetition of CTA and high entertainment value are key.
Performance Reviews: yay or nay? If you're not using typical performance reviews, what's your preferred system or platform, and what makes it the best choice for you and your team? ... See MoreSee Less
Adam CaplanOnly if you're confident you know exactly what the best possible performance of that job by that person looks like, and that all those things can be measured. For platforms, I recommend a clipboard and a scowl.
Nora JenkinsI don't have strong recommendations for a specific non-traditional platform (aside from giving very regular feedback, which you should be doing anyway). However I'd say that a typical review system, despite its failings, is much better than doing nothing. After the initial "handful of people in a basement" stage, people start needing and wanting clear performance goals and check ins, as well as some idea of a career plan that you collaborate with them on. A couple platforms to look at are Reflektive and CultureAmp (they just launched a less traditional performance product). You can also just keep plain shared documents with notes/goals between managers and their reports. Quip is nice for this.
Erin GrahamFeedback is a gift. Frequent, specific, valuable feedback in all directions, requested by you and given out by you. Changes from performance measurement to supporting a persons growth plan and trajectory.
Forgive me if you've already heard me comment or even lecture or about some of Yuval's ideas before... But when asked about how tech will shape the future, do you sometimes feel it's equally as important that we reinvent some of our legacy technologies and stories from the past? So many important ideas to pull apart here. As a group of innovators, it's especially important for us to wrestle with these kinds of issues as we decide kinds of problems we want to solve, what our missions will look like, and what our companies will stand for.. Enjoy.... ... See MoreSee Less
How do we make sense of today's political divisions? In a wide-ranging conversation full of insight, historian Yuval Harari places our current turmoil in a broader context, against the ongoing disruption of our technology, climate, media -- even our notion of what humanity is for. This is the first…
Antoine NivardSuch a fascinating Q&A! Thanks for sharing. On his comments about Silicon Valley thinking, I do think there are strong signs that the mindset is starting to change from a POV where "we're the enablers, we're building the tech and aren't responsible for what people do with it" to "we're part of a local, national, global community and not taking a stance on hard issues could mean we're making things worse". We can see this translate into the current debate on Uber's values and mission in society for example... it'll be interesting if the next generation of tech startups will thrive by being built on "activist / engaged" missions as opposed to "enabler" missions
Mark EvansAgreed, it's hard to assess without some context.
3 days ago · 5
Jevon MacDonaldBen LucierAlex SirotaMark Evans I thought about that, I'm not sure data helps in this case though, so I left it completely qualitative. Because of the nature of Facebook's algorithms, it's impossible to know how much of the un-approved content would have been seen by any one individual.
Greg BurgoonI think responding to the moderated posts might be helpful. I posted something last week about an initiative to help people who are interested in switching careers into software development (which I think is healthy for the startup community), but it was moderated out.....not sure why. So I agree with the above comments of: It's kind of a black box.
3 days ago · 2
Reuven CohenI'm not a fan of censorship or moderation. Facebook shows me the posts my friends are commenting on anyway.
James MartindaleThe "London StartUp" group copes with open posting from 30,000+ members. The admin's here must surely have more important things to do with their time? Let it self police on alerts.
3 days ago · 4
Greg BurgoonWhile I appreciate and agree with the idea of bringing focus to the group, I don't know if moderation is the right way to create that focus. Ultimately the group will become a reflection of what the moderators feel is important, rather than what the broader community does. I feel this kills the spirit of the group.
Stephen DixonOff the bat, isn't it better to probably avoid censorship and moderation all together. Right? What's the benefit to having a moderator? What's the upside or the motive behind moderating this kind of thing?
Stephen Dixonanyhow, as an aside, I posted something yesterday afternoon, Jevon, do you know how that gets published and when?
2 days ago
Douglas SoltysOne thing on the new moderation policy. I'm seeing more duplicate postings of content happening. Accidental, or intentional (i.e. different conversations around original source material)?
David CrowI struggle with events where the event organizer is making money whether through ticket sales or sponsorship. And trust me, we know how to host events and not make money at them. >30 democamps, founders & funders and a startup empire, I know that lots of these events aren't making money.
But I struggle not because they shouldn't make money, but because saying this is an audience that an event organizer can advertise to for $0 feels broken to me.
I don't need a constant stream of job postings and event postings.
*Product: Setup a matrix of neutral, positive, and negative actions and incentives. Then for each feature, write down the positive action you want and see if you can find a positive incentive for each user to take. If not, you’ve got a new set of priorities.
*Churn: Churn, expansion, contraction are LAGGING Indicators. That means if you're seeing this now, its coming in faster and harder, unless you have a plan. (See Mammon’s presentation below)
*Engagement: Your LEADING indicator is your north star of engagement. DAU/MAU (Daily active divided by Monthly, or in our case WAU/MAU). But that's not enough -- for example, intercom.io North Star Metric is Customer Interactions (for a particular customer). (See Mammon’s presentation below)
*Leaky Bucket: It’s often the cause of downsizing in high growth start-ups? The reason why startups end up in the news often 'letting go' of 10-20% of their people is they try to scale on top of a leaky bucket. Dumping more sales and marketing (You raised and just had to spend, right?) before fixing your product issues is ass backwards.
Bijan VaezWe (EventMobi) just did our first Facebook live broadcast to all of our customers about our 2017 plans while simultaneously doing it on a more "old-school" webinar as well. Happy to help if we can.
Kamil RextinWould love to hear how it went for those who've done it and what the angle was. Culture? Webinar? General live stream of an event?
1 week ago
Jordan SmithJust thought I'd update everyone on this. We bought the Mevo gear and had our first broadcast last night. Overall went great, had some early audio issues but that was quickly fixed. If you're interested you can watch it here. Feel free to reach out if you have any questions. Thanks for everyones help on this.