http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png 0 0 Daryl Lu http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png Daryl Lu2016-11-16 16:00:002016-11-16 16:00:00Children, Life, Priorities in Startups
I had a lunch with an entrepreneur recently talking about his experiences in startups in growth-mode and those in early-stage (pre-product-market fit). The most interesting wrinkle in our talk was having a young child while at these startups. I’m at the age where many people around me are having multiple kids. So, as I look around at possible co-founders, I must consider their personal lives – priorities.
My friend shared how having a young child meant he was much more cognizant of the time he spent working on the business. As one of the co-founders of his current company and having been a part of several successful (and some unsuccessful) ventures in the past, he’s building into the company’s culture strong balance.
He is also a lot more cognizant of his time. He focuses on efforts that will materially move the needle for the company. That can mean delaying certain bug fixes or existing customer complaints. His focus now reduces the number of “experimental” efforts without strong indications of traction.
A common aspect of startups and the corporate world is that life still goes on. Priorities do shift. The difference is that at a startup, sometimes experiments are the best way of finding the right thread to pull on. The balancing act, then, is the right experiments with the right lifestyle.