Never extrapolate your cells from just 2 fields folks!
12,235 karma · joined April 3, 2008
Sometimes I do this as a founder. As a JV Partner. As a business advisor. Or as a seed investor.
See jacobaldridge.com or @jacobaldridge on Twitter. I'm based in Brisbane, Australia.
Reach me at jacob@jacobaldridge.com
Never extrapolate your cells from just 2 fields folks!
"I couldn't find the stuff we normally get, so I bought this one because it was cheaper".
Another one I like:
"A Founder spends a few years doing what most people won't, so they can spend the rest of their life doing what most people can't."
(While it glosses over actual business success rates, and the "lazy, low risk" route to FIRE for many employed people, it's still motivating to me.)
I've seen so many people jump into a business, want to prove themselves, and start changing things without understanding the context in which that thing was built. (Similarly, though less often, businesses expanding into new products or markets.) "Tell me what will change if you stop doing X" is thus added to "Tell me what will change if you start doing Y".
To be fair, citing Chesterton's Fence just make me sound wise (and/or a little curmudgeonly); the better story for the point I'm making is the hospital bed where someone dies every Thursday morning at 10am ... only for video footage to reveal the cleaner unplugging machinery to plug in their vacuum cleaner every week.
I extracted the real fortunes, and inserted two of my own. When a friend dropped by, I handed him one and took the other.
His fortune read "You are an asshat".
Which surprised him somewhat, differing as it did from the usual fare.
What blew him away was when I cracked my cookie and withdrew my fortune: "Your friend is an asshat".
I studied a bit of Shakespeare at university, and my awesome lecturer (https://researchers.uq.edu.au/researcher/619) was always very clear to note that for many phrases "Shakespeare was the first to write it down", which is quite different to "Shakespeare made up this phrase / word".
To your point, he of course was attempting to write for a variety of classes, including the illiterate (his plays weren't written to be published, that only happened after his death - they were ephemera to be performed and witnessed). His success may very well have come from using many phrases that the "lower class" would have recognised from use not just inference.
So ultimately all that searching his name revealed was that he's never attempted to cultivate an online presence.
If you want to be global, avoid most country-specific domains, but there are a few exceptions that seem to have achieved traction - .io is tech-trendy, .tv was big for a while, and some can fit into the branding in a way like .us .in and the forthcoming .au (gold.au will be a very nice domain for whoever it sitting on gold.com.au right now).
There's also the potential to jazz up your name / brand / domain. I'm working with one company on a product right now, and while they had a cool 5-letter name for it they've actually re-named the whole thing to "Meet12345" because meet12345.com was available and 12345 certainly wasn't. Think getdropbox.com as an older, temporary example of this as well.
So I see a lot of my clients in the 12-35 person 'Process' phase being excited when they hire someone from a 120+ person company, because of all the expertise they can bring. But that 'Strategy' phase expertise, often when they have a full team and budget to execute their ideas, rarely translates to a smaller business where they also have to roll up their sleeves and GSD.
Sitting in a team building stuff for Meta is definitely a whole other ballpark to convincing Dave's Accounting LLC to give your Slack-competitor a chance.
[1] https://jacobaldridge.com/business/the-growth-transitions-th...
“The general rule for sourcing wages and personal services income is controlled by *where the service is performed*. The residence of the recipient of the service, the place of contracting, and the time and place of payment are irrelevant.” - https://www.irs.gov/pub/int_practice_units/ftc_c_10_02_05.pd... (my emphasis)
At UnifiedAR we’re making Interactive Print (Augmented Reality) easy for our Print and Agency partners, providing a simple SaaS platform to help with their product extension.
Our growth comes from the success of our Partner channel, so we need an Account Manager to support our new and existing North American partners with Induction, Capability, and Performance. This is a non-technical role, and we’d love Print or Agency experience, so this is perfect for any HN lurkers (like me) who love tech but aren’t coders or engineers.
You’ll be learning from our leadership and investor team based mostly in Australia and Asia, so will have plenty of autonomy to solve problems and test your client-supporting ideas in the US, Canada, and Mexico.
Link for more info, or my email is in my profile.
One of the very few regrets in my life.
In due course, I’m very keen to teach my (toddler) daughter about money etc - but not at the expense of blowing some cash on childhood frivolities (especially ones that give joy for a whole year).
(There were also some tax or funding reasons I believe.)
(Side note - holds up well for a 50 year old movie; and one of the best Donald Sutherland performances, in the same year he did MASH.)
Many years later two owners of a dog food company attended one of my workshops, so I had the chance to ask them in person. They never had. (Although several younger employees had done so, with no side effects.)
“I have a problem I’m trying to fix with X.”
“Ah, so now you have 2 problems.”
Take Unemployment - a lag indicator of economic conditions (things were better/worse last month and so people found/lost work); but also in a small way a lead indicator of economic conditions (more people in/out of work and the wider confidence arising from the news has an impact on future spending).
Declaring war? Responding to an attack? Talking to other world leaders? Advocating Congress to act on matters? Signing bills into laws? Naming post offices? Being allowed into the Oval Office?
Independent of this specific situation, there has to be a line drawn somewhere. And that line is Inauguration Day. (A case could be made that some powers cease on Election Day for a lame duck President.)
Everything you’ve said is spot on, and I think you’ve hit everything of substance. Growing a consulting (even a tailored tech solution) business means making it a sales business first and foremost - you can prioritize delivery if you reach a point you want to plateau, but 0 leads is not that point.