The official recommendations to sailors is: Shut off the engine, take down the sails, make no sound, wait.
What sailors will admit they do but not tell anyone: Dump a bit of diesel or petrol in the water around the boat to scare away the orcas.
There are also some new gadgets available to make high pitched sounds that humans can't hear but scare away orcas (and dolphins, unfortunately) but no idea if they work well.
Am going through EOS for my business and look forward getting a bit more out of day to day.
CEO: Work on the business, in the market.
COO: Work on the organisation, in the business.
Being a founder/CEO is not that special btw. I think you'd go further in life and business if you don't buy into the idea that your job and skill set is unique and special. (A lot of professions have this subculture, not just founders.)
This is the first time I've seen anyone else mention EOS on HN. I'm an Integrator at a 30-person web design/marketing agency (we began self-implementing EOS in 2019). I've been working here for 8 years and kind of grew into the role.
If this is a direction the OP goes down, then they as Visionary need to be very willing to let go of a lot of things and stop having a hand in everything. That's been the biggest "secret" to our success with it.
It can't really work if the Visionary insists on being the one to continue making decisions about the "in the business" stuff. This does require trust and friction between CEO and COO.
My experience: Psychological orphans with a basic income.
"Psychological orphans" i.e. kids who had shitty parents and learned to adapt to survive. Then this behavior became a habit and a game.
"Basic income" i.e. kids from middle and upper middle class backgrounds so there was no food poverty in the family and long term thinking was possible by the kid, even in the context of the dysfunctional setting.
The above is true for me and all of the high growth tech founders I know on a very personal level (could be selection bias in who I connect deeply with though).
My recipe for tech startup founder includes:
1. You were one of the smartest kids at your private school—so you’re opinionated and confident
2. You’re some kind of social misfit with a chip on your shoulder
3. Father is an Engineer, Lawyer, Banker, Doctor
4. Got some private tutoring or coaching at a young age
5. Went to a fancy big-name college
It doesn’t apply to everyone, but during a recent job search I did a little detective work on founders at jobs I was applying for, and this was the large majority of them
Wow, that's a really interesting observation and describes me perfectly. I wouldn't consider myself a "real" entrepreneur, but I've always had a side hustle and I own some rental properties.
I took me until the age of 34 and having kids of my own to realize that my childhood wasn't that great, and that a parent's role should extend beyond just feeding their kids. My upbringing made my hyper-independent, so the desire to make myself completely financially independent basically consumed by 20s. It took me a long time to realize this drive, while useful in my career, came from a very unhealthy place.
Yea, I definitely have seen this same pattern, nice description.
Though there is the "upper class" founder background that still had shitty parents and something to prove, and often they can get really far because of the $ and connections, though often have the issue that their alternative life is a bit "too easy" so they don't execute hard enough / close enough, or they just give up.
Timely post as just today I got engaged to my girlfriend. We will definitely go for a prenup, I want to avoid a 15 year long divorce battle like my parents had at all possible costs.
Hope so! My fiancee is definitely super mature, only 24 years old but had to support her family (while studying) after her father died at 17 years old. She's completely onboard with us deciding what is fair in what scenario rather than outsourcing it to some parliament and court system somewhere.
An investor buying $200K preferred equity at 5 million pre is not implying that investor would buy the entire company for 5 million cash. The preferred equity makes high valuations possible as the first $200K goes back to the investor.
it's kind of a nuance, but an early stage investment is a bet on the founders/core team as much as it is on the idea. so you want the founders to retain significant equity (i.e. not purchase outright) to align the incentives.
What sailors will admit they do but not tell anyone: Dump a bit of diesel or petrol in the water around the boat to scare away the orcas.
There are also some new gadgets available to make high pitched sounds that humans can't hear but scare away orcas (and dolphins, unfortunately) but no idea if they work well.