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I am not sure whether this fits your use case, but from my VC conversations, they seem to prefer this: https://thecompanybrief.com/
It's a product from NFX. They have some other useful tools too.
I'd say viable. We've been working on something similar, have a look at https://wolv.io
It works cross-company but also inter-teams (for big companies). Quite interested to learn how you are imagining it.
P.S. I am actively looking for more founding team members.
assuming there is an effective system to facilitate trust, how would you go about crowdsourcing complex tasks?
Really interesting; thanks for sharing the thoughts and link.
One of the micro problems I see (on a deep personal level) is a sustainable source of intrinsic motivation. Rewards only go so far to entice action and motivation seems deeper than carrots-sticks (ref. Daniel Kahneman)
E.g. there are guaranteed returns to doing exercise, and many times, I still can't be bothered.
The motivation problem seems to manifest on a societal level too, where it seems easy to motivate society through conflict (even during deprivation) than plenty.
In creating a system of effective collaboration, organising intelligence/resources to pursue a set of macro-goals while satisfying micro-constraints seems possible, yet incredible difficult to orchestrate. It might be easier to execute exclusively with machine intelligence, or a hybrid society.
Those are some really insightful points, Andy.
Interesting how the spirit of academia devolved into corporations. Actually, that's one of the things that prompted me to ask this question - I enjoyed my time at university and the environment of collaboration. Getting in the business environment, I can also see why businesses are protective of their IP (that's the only thing making them money).
In the middle-ground scenario, the benefit for companies to commit mental effort would be to leverage a ton of work that they don't need to repeat. [Assumption: companies do a lot of repeat work]
This would be delivered similar to how a bittorrent keeps the network alive by seeding; but through contract/social-obligation. The question is indeed how well that pans out in practice.
Liability exposure is potentially an issue in some narrow cases like the one you mentioned and I am not sure on the mitigation strategy there. It's something to think about.
- nothing to do with talent matchmaking (or my business) yet, but I am exploring this as a curiosity.
The first question in the list is why companies choose open source, and why many don't. Weighing the risks and rewards from different perspectives. I'd appreciate yours.
I should have clarified. It is nothing to do with my work yet, but an active area of exploration.
Indeed, the reason I asked the question is because I don't understand the open-source world enough (neither many contributions nor business exposure), so I sincerely appreciate the insight.
Again, an interesting perspective from you - I did not know that shipping source code was common. At present, I quite like the spirit behind open-source but regret that it doesn't work for the creator in most cases unless they have **amazing** tech. I reckon the problem is somewhat analogous to P2P, napster etc and I'd love to see it solved.
For working between a group of companies, the thought is that one could restructure the incentive mechanism so that there is a usage/contributions agreement where businesses either pay a fair amount, or contribute. In practice, it may be difficult to execute.
Thanks! They are going quite well and better each day
40% committed on our funding round from top VCs
happy, excited, growing userbase
healthy, sleeping better, eating better
I started last year as a solo founder, here are some lessons learned:
1. Involve people - I did not form a support circle around and got burnt out in 3 months. I thought “my friends/family won’t understand”. Indeed, many of them didn’t, but some did and that changed the trajectory measurably.
It may take time, but you will also find people who will champion your business with you - be it customers, investors or other founders. Play the long game and curate relationships.
2. Do small things, regularly - consistently spend at least 5 mins meditating and 5 mins exercising. Make it a must. You just can’t excuse out of 10 mins. I made this goal recently and most times I surpassed the expectations. Most importantly, I slept well.
3. Engage in others’ businesses - this one is going to hurt but the chance of any business succeeding is quite minimal. There are just so many factors at play. (e.g. spaceX with a great founder, funding, team was about to fail)
Involve yourself in other things alongside just to be part of other’s success. If you help others succeed with your skills, they will help you succeed too. I started helping my founder friends in little ways. One of them offered me a part time job when the business went low earlier this year.
4. Have fun - you might be running out of money, be in desperate state. You need a North Star - an ambitious goal. I spent last Christmas being homeless next to London eye and barely eating. The problem I was solving was too big to give up on, however. You need that problem too. If you haven’t found it yet, just keep observing around.
5. Cut off from social fluff - one of the best decisions I made was to cut from fake glamour of Instagram, Facebook circles. Time saved and mental health too.
My biggest mistake was to not ask for help early and being naive about my assumptions. I started dedicating a slot to talk to more people (investors, potential teammates, founders) so I don’t waste much time but still bring perspectives.
Also, reading “the Mom test” has been useful during those conversations.