Starting a company is hard

Daryl Hatton ConnectionPoint

It is hard to explain to people (at times) why starting a new company is so hard. I think Paul Kedrosky did a great job in the following quote: Creating a successful startup is among the hardest things you can do in a capitalist economy. Entrepreneurs must successfully navigate a sea of multi-dimensional uncertainty, from technology (will it work?), to people (do I have the right employees?), to market (will anyone care?), to financial (can I finance doing this, and can I then sell the produce or service for more than it costs?) At big companies you can fail at …

Witness to the start of a new era

Daryl Hatton ConnectionPoint

Sometimes, I’m very aware how lucky I am. Today is a good example. I was fortunate to be present when Google launched Wave. I can hear the snide comments now: “Give me a break – it is just a piece of software”. “Techies – just a bunch of self-centered geeks”, “OMG, get a life”. This is different. It is impossible to describe Wave succinctly – there are too many aspects that, by themselves, are very important and impactful. However, there is one thing it does that stands out for me – Wave is the first big implementation of the transition …

I’ve heard there is a recession but I’ve decided not to participate

Daryl Hatton Entrepreneurship

Apparently the economists and other experts who, as a group, failed to predict the biggest recession in decades now feel qualified to predict it will last a long time. They were wrong before and they are probably wrong again. We need to avoid the trap of believing them, holding back our businesses and our lives and causing the recession to deepen and lengthen. We can control what will happen if we play “our game”, not “theirs”. Let’s ignore all the negative news, maintain our optimism and continue to run our businesses and live our lives with gusto. Tell everyone you know that you’ve heard there is a recession but you’ve decided not to participate. Share your stories of positive, anti-recessionary things happening in your business and in …

West Coast Whisky Society Founder’s Poem

Daryl Hatton Humor, Poetry, West Coast Whisky Society

Here is the poem I penned to explain our (my) fondness for whisky… ‘Tis dark and cold when late at night,My feet begin to wander,And visit, shhhh!, my Secret Stash,Its treasures mine to plunder. A dram I crave, fine liquid gold,With flavours strong and subtle,Vanilla, fruit, nuts, smoke and peat,Pure magic in a bottle. The drink that warms me heart and soul,‘Tis aged rare Scotch Whisky,A vice so fine I can’t complain,Tho’ financially quite risky. Dilemma shows itself tonight,What selection shall I make?With so many fine expressions,From which will I partake? Tho’ whisky flows ‘cross all Scotland,Small Islay makes my …

Ready, fire, aim?

Daryl Hatton ConnectionPoint, Entrepreneurship

When is jumping on an opportunity prior to fully planning out a scenario a smart move? I’m thinking about this because last week the opportunity presented itself to acquire the services of a good development team and I jumped on it. One of my potential executive advisers questioned whether or not I was pulling a “ready, fire, aim” maneuver given we are not absolutely clear about the buying motivation and needs of our target market or even which of the potential target markets we want to focus on first. To me, this gets down to a question of tolerance for …

Be careful what you wish for…

Daryl Hatton ConnectionPoint, Entrepreneurship

This post was originally made on the ConnectionPoint blog November 27, 2008… I little while ago I bemoaned out loud the lack of progress I was making at building out the technology for the FundRazr business concept and wished I could speed it up a litle. Fast forward two weeks and I’m scrambling to stay in illusionary control of a software development team juggernaut that is rapidly outpacing my ability to keep them “fed” with development specs. It is a great example of “Be careful what you wish for – you may just get it. Then what???” While I wouldn’t take back …