Startups and Equity is often a complicated yet simple discussion that must take place before moving forward on a deal to come on board with equity in the compensation mix. It’s even harder when you are the 1st hire or a co-founder. The topic has definitely been debated a lot and there are many varying opinions online. Having been through this process before a few, I want to put this into simple so you don’t have to spend reading through every one resource and be left confused more than ever.
I will assume you are coming on board as a co-founder. Just the fact that you are at this point of the discussion with your co-founder is superb. Since this part only requires working out a “fair value” you both can be comfortable with.
Question 1 – are you both starting from ground zero?
An idea is still ground 0. If one of you have already executed an MVP then this is not ground 0.
Ideas are dime a dozen. It’s all about the execution of this idea. Both of you will work together to make it fly.
“Fairness, and the perception of fairness, is much more valuable than owning a large stake.” ~ Joel Spolsky
x3 the last point. I will expand on this in the next question.
If NO, then Question 2 – how much value has your co-founder already created?
There is no right or wrong here. Seriously. There is only 1 thing here. What was said above about “Fairness, and the perception of fairness”. Speak freely with your co-founder about this. Get external advice from advisors, friends, partner etc… You really need to be comfortable with whatever you finalize.
At this point you and your co-founder have to work out what is fair. For BOTH of you. There is no room for lies. Or cheating each other to gain the upper hand. This is NOT an employment contract. Successful founders are successful because they trust each other and are fair to each other. Angels / Investors invest in people. For this solid reason. Ethics are everything. When faced with the challenge of working in a discriminatory workplace, it’s imperative to address such issues promptly and ensure a fair and inclusive environment for all involved.
Remember that the journey ahead is long and so even if the company has already got traction you still will be adding a lot of value. What has been done to date will change. What has been done to date is the confirmation of something there which can turn into a successful business. Startup companies pivot frequently to find a business model that sticks. Most successful startups in the valley are not famous for what they started off. They are famous for their last pivot. Read FoundersatWork by JessicaLivingston (YC partner) to get a feel for this.
Start from the back
It is easiest to just start from the back. The back meaning “how much ownership do you want after 3 rounds of dilution.”. The dilution comes from rounds of investments (A, B and C). It helps if you already have a feel for the equity value you believe is fair. Similarly, when considering other investments, like Bitcoin, a Bitcoin Buying Guide can provide insights into current market trends, best practices, and strategies to make informed decisions, especially in a volatile market.
A typical funding round dilutions look something like this:
Round A – 20 to 40%
Round B – 10 to 30%
Round C – 5 to 20%
A great Infographic produced by BothSidesofTheTable.com and visual.ly explains dilution in alot more detail here.
Bingo. You are done!
Now start the discussion with your co-founder explaining how you got to this number. Remember, the outcome has to be that the both of you are comfortable and that it is fair.
This post is inspired by my wife, Urszula. Urszula’s Windows PC I nearly threw out the window.. if it wasnt for the data on it. But I did replace it with a MacBook Air! Win!
Urszula’s Windows PC (pictured above) was super loud humming and buzzing even when idle. It was also slow (time has shown its face), felt cheap (plastic build) & looked ugly (the case had line cracks) and has been blue screening every 2nd day. What a mess lol… This is what Urszula is now sporting! A sexy fast compact MacBook Air. I do not degrade windows, I know there are a lot of better and cheaper windows laptop compare to MacBook. I just find it really hard to find seller during that time.
I take full responsibility for the PC. People form habits and it takes a lot of work to change. But it is possible. I made my change to a MacBook Pro 1 year ago after getting fed up with my “fast” Windows PC. Before the Mac I even switched to a Kubuntu OS on the PC which to be frank ended up a failure. Too unstable for a development machine. Then I took a deep dive and got a Mac. It was well worth the initial pain of learning new way of doing things. Now m
Without further ado.. here are the reasons you should switch to a mac and some tips & tricks once you do. Enjoy!
The reasons
Reasons TO switch to a Mac – the pros
Mac’s crash less than a PC – no more blue screen of death. So you get more done and are less frustrated. This is especially a common signal for power users. The Unix Kernel of the Mac boots up faster and runs more smoothly overall. Especially when running several tasks at once. 1 crashed app won’t take down the whole OS. It’s a pleasure to be working on a Mac while being more productive.
You spend hours a day staring at a street. A Mac is not only pleasing to the eye in its design (shell) but all the applications are smooth, consistent and clean. The MacOS is the world’s most powerful and attractive operating system (eye candy) dictating how using the computer “feels”. Ref Kubuntu. Yes I tried Ubuntu, Kubuntu and all flavors of Windows. Mac wins hands down.
Stops new users from getting into a bad habit using the worst internet browser out there – Internet Explorer. Your choices are everything but Microsoft’s Internet Explorer. I prefer to use the fast and light Chrome from Google.
Always on. Mac’s are fast to go to sleep and especially to wake up. Just close the lid when done using it and open when you need it.
Easy installation of software. On my PC I had to find the .exe install file and run it with a million other levers to pull to make it work. On my Mac I double-click I package file, pop opens a window with the app icon which it asks me to drag to the right into the apps folder. Done.
No need to mess around the internet looking for free apps and hoping they are not virus or trojan infected. Apple’s iTunes / Mac Store is my 1 place shop for finding, researching, installing & upgrading apps.
Speaking of security. The Mac comes with an inbuilt firewall and a number of safeguard. Similar to security of Linux being based on a Unix Kernel. The list of viruses designed to wreak havoc on the PC dramatically outnumber the Mac. You can invest in additional Cybersecurity Solutions if you’re working on important documents.
Windows don’t do Macs—but Macs do Windows. You can read NTFS (Windows) drives using NTFS for Mac OS X and even run Windows in a virtual environment on your mac without rebooting via VMWare Fusion.
No more messy wireless internet connectivity settings to get a PC working. On a Mac select an available wireless network and enter your password (if any) and your online. Simple.
The OS mirrors that of the iPad and iPhone so user experience is consistent. Furthermore iCloud allows you to share content between all your Apple devices including SMS messaging. And AirDrop makes sharing files between Macs super easy without a network.
Then navigating the modern legal landscape also requires more than just basic knowledge; it requires a partner who can guide you through the complexities of your specific situation. Whether dealing with contracts, litigation, or regulatory compliance, the right legal advice is critical. It’s not just about defending against accusations; it’s about proactive protection and understanding. For those in search of such guidance, more information is available by visiting visit this website.
Reasons to NOT switch to a Mac – the cons
Learning curve. Oh no you have to learn how to do things differently. Ok it’s a bit of a pain in the bum at first especially that Command button but after you get familiar you wonder why you didn’t do it sooner.
Tips
So you got your Mac and want to get setup. Here’s a few tips to make this process fast and pain-free.
Recommended software
General
NTFS for Mac OS X (paid) to read Windows formatted drives (think portal drives).
VMWare Fusion (paid) to run Windows programs on you Mac without rebooting. It even integrated into your Mac OS X should you want a smoother transition or miss that old OS.
Dropbox (freemium) – store your stuff in the cloud. You start off with few free gigs of free space. The client runs quietly syncing your files. It is the most reliable cloud storage sync app on the market. It’s how software should be.
Evernote (freemium) – your notes in the cloud. Evernote is a freemium app designed for note taking, organizing, and archiving across all devices.
f.lux (free) – it makes the color of your computer’s display adapt to the time of day, warm at night and like sunlight during the day. This helps ease eye strain and sleepless nights from the blue back light of a LCD.
CleanMyMac (paid) – Clean, optimize, and maintain your Mac with the all-new CleanMyMac 3. It scans every inch of your system, removes gigabytes of junk in just two clicks, and monitors the health of your Mac.
Little Snitch (freemium) – a firewall protects your computer against unwanted guests from the Internet. But who protects your private data from being sent out? Little Snitch does. It protects your privacy.
Slack – a messaging app for 1+. Most people use this in teams but you can just as easily use it at home especially if you have IoT connected sending messaging directly to Slack. It’s brilliant.
Development
Home-brew (free) – package manager for OS X. Homebrew installs the stuff you need that Apple didn’t. Think of apt-get for your Mac.
Sublime Text (freemium) – your Notepad for Mac. Its also a sophisticated text editor for code, markup and prose. You’ll love the slick user interface, extraordinary features and amazing performance.
Balsamic (paid) – a wireframing and mock up tool with a high focus on usability. Quickly come up with mock ups and easily share them with your clients.
PyCharm (paid) – the Most Intelligent Python IDE hands down. Got something better? Let me know.
Most apps which you enjoyed on your PC will have equivalent Mac versions. If not just use VMWare Fusion to run Windows on your Mac and the PC apps inside that. Contact me if you need help getting this up and running.
Performance tuning
If you do not want your Mac’s performance to drop over time I recommend turning off non-essential Spotlight search results. Spotlight is the standard search on the mac located top right hand corner. It indexes EVERYTHING you do & surf on the mac. Over time this index grows too big and adding / searching it slows the Mac down.
Under System Preferences > Spotlight > Search Results
disable the non-essential categories like “Messages & Chats”, “Webpages” & “Developer”.
Useful knowledge for exPats of Windows
GUI Shortcuts
The following are nowhere to be found on the Mac laptop. Only full keyboards. Use these commands to achieve the same effect:
Page Up/Down
fn + up/down arrow
Backspace
fn + delete
Lock your mac
shift + ctrl + eject
Force app to close
command, option + esc
Get out of full view
command, control + option +f
Terminal commands
The mac has a terminal like Linus flavors. This is great for running some powerful functions vs the GUI that can sometimes be slower.
Find in trash
find /Users/ernest/.Trash -name *.jpg
Force Safari to always open new tabs vs new window
That should be enough to get your rolling in full swing. As always feel free to contact me if you need help or further information. If you found this post useful please share it around on Twitter or Hacker News.
I have blogged about Floatation Tanks, also known as Float Tanks, Isolation Tanks, Sensory Deprivation Tank et al before here and here. To get the detail, read those 2 posts first. Alternatively here is the skinny version. Floatation in a Floatation Tank was first invented and used by John C. Lilly (scientist) in 1954 for Sensory Deprivation experiments to “switch off” our senses. The goal was so our mind free of external stimuli could light up brighter and tap into the void… temporarily. Today, such floatation tanks are used mainly for meditation, relaxation and as alternative medicine to help Athletes (by Australian Institute of Sports) with faster recovery.
Where it all began for me
My wife and I have been floating in floatation tanks since 2008. It all started back when I saw a floatation tank being used in the 1st episode of Fringe. In Fringe Dr Bishop uses his flotation tank/sensory deprivation tank (sounds more scientific) to connect Olivia and Agent Scott’s mind. That was super cool. Being a body hacker I got interested in the perceived ability and started my research into floatation tanks. I took the red pill and went down the rabbit hole. And here we are today.
Now, “Floating” is the term commonly used when referring to an isolation tank experience, you float. You float inside the floatation tank like a cork. The high concentrate of epsom salt creates this effect. If you have been to the Dead Sea in Jordan you will know what I mean.
Are you a Software engineer? If so, you should float!
I use the floatation tank to turn off the noise from my primary senses (visual, auditory & kinesthetic) and accelerate the transition from beta brain waves (normal state) to alpha (learning state) and ultimately theta (dream state). This is the same process as meditation, but a lot faster. Way faster. It is like forced meditation without the pains of sitting up right and trying to detune the world around you.
The goal with both meditation and floatation is to reach the theta state. This is a powerful state where you can consciously listen to your subconscious mind. Usually through a series of what appears to be auditory or visual hallucinations. Monks train years to do this through meditation while staying consciously awake. Your body does this naturally every night but you switch off, fall asleep. Recall those auditory or visual flashes you get before you off switch kicks in and you fall asleep. That’s a glimpse into theta state. In an isolation tank you are consciously awake observing your subconscious mind. Most of the time. No years of training required. For me it was 3 floatation sessions and I was hallucinating baby!
Our subconscious is a powerful supercomputer (no surprises there) which constantly gathers, calculates, builds patterns & connections faster than we can consciously observe (process). I think this is a natural safe measure so we don’t go insane. However imagine having the power to tap into this wealth of stored info. You know when you sometimes get a gut feeling? I believe that is the output from all the processing making their way to your conscious mind. I use the floatation tank to tap into this and get my answers faster then waiting for them to bubble to the top.
The body and mind are a very busy and noisy place.
Especially if you are a software engineer you will know all about the noise and how distracting it can be to productivity. Hence why you like working nights pounding away at code, right. I know the feeling. But health wise, this is not sustainable. The answer is the floatation tank to help you calm down both mentally & physically and tap into your mind, the supercomputer.
The flotation tank immediately cuts out your auditory, visual and kinesthetic senses creating an environment similar to a womb. Allowing your mind to start exploring the inner self. Looking for answers to your questions. Tapping into the hidden recesses of the mind that are usually outside the reach of your conscious awareness.
Want answers to your software engineering challenges? don’t just sleep on it… Float!
Floating in an Isolation Tank
You may recall from my last post on how many of us get “cubed” and spiral down into learning helplessness. I needed some answers to some recent questions and thus decided to step up a notch and not only use the standard John C. Lilly isolation tank but also a Sensory Exaltation from Be and Be Well based out of Shanti & Jai’s house in Santa Cruz, California. If you went to Burning Man 2011 then you would have seen the Sensory Exaltation tank.
There are many scientifically proven natural ways of tapping into our brain, the super computer. Floating is the best one I have found in years of searching without going into the extreme of substance abuse. An alternative exists but you would need to spend few years with the Monks in Tibet and learn how to consciously be awake while your brain is in the Theta state. Same state that turns your conscious mind off and starts the dreaming process at night. However inside the isolation tank you are conscious when this change to Theta happens and thus get to observe interesting insights coming from your subconscious.
The 2 x Tanks at Be and Be Well
This is what you can expect from Be and Be Well down in Santa Cruz, California.
Sensory Deprivation Tank
The key to your mind. This tank is more advanced than the ones I have mentioned in my previous posts. Pictured below, the light inside can be switched on and off by pressing the black button next to it. So no need to freak out in pure darkness when the lid is closed. It also has great heating to keep a constant skin temperature as you float. You never get cold and is big enough so you do not feel claustrophobic.
Sensory Exaltation Tank
This is a dry tank. A pod with a sac filled with foam for comfort. You put on audio speakers to hear binaural beats and glasses with synchronized strobe lights over the eyes. This is often refered to as Photic Driving. Designer brain waves. This technique was invented in 1930s. It basically changes your brain waves to follow and pulse at the same frequency as the light strobes creating different conciousness states. Different strobes & beats affect your brain differently hence the designer brain waves analogy.
FYI, The design on the Be and Be Well Exaltation Tank (pictured below) is of Leonardo da Vinci’s iconic “Vitruvian Man”.
In conclusion
Float tanks rock! Note to newbies;you need about 3 sessions to really get into it and learn to let go faster.
Forget sitting meditation. Flotation therapy is the easiest way to get a brain and body massage. Don’t forget the heath benefits from the Epsom Salt used inside the tank to make you float.
If you code then you must try this!
The benefits
Relaxation (mental & physical) from the daily stresses of running your own business or writing ton of code,
Learning a new skill – play audio while you float to accelerate the learning process,
Get answers to questions faster – you’ve heard of sleep on it right and that it works. Well this is better because your conscious and you get more answers.
Better understand yourself – some call it enlightenment,
At Stanford scientifically proved by studying monks concluding that “Essentially when you spend a lot of time meditating, the brain shows a pattern of feeling safe in the world and more comfortable in approaching people and situations, and less vigilant and afraid, which is more associated with the right hemisphere,” she said.
I floated last weekend and I got what I wanted from that session. The answers to questions that were lurking inside me. The answers now sync with the gut feeling I was getting and I feel mentally at peace.
Float like I did
Get in touch with Be and Be Well down in Santa Cruz, California.
Feel like your role at work is minimizing? Or maybe the responsibilities you once had have shrunk? Or maybe you are feeling like you could do a lot more but no one seems to give you the opportunity? Or you are not being respected, acknowledged or rewarded for your hard work? Something is not right – and your not alone. You are cubed. You are being pushed to a habit of learning helplessness. One which is dumbing you down and making you a cog in a machine at your expense.
Let’s go back and explore where this came from and provide some enlightenment. Long time ago I had an awakening. “We are all capable of greatness.” You may or may not have heard these before. Either way here they are:
“That some achieve great success, is proof to all that others can achieve it as well.” ~ Abraham Lincoln
“Life is a great big canvas, and you should throw all the paint you can on it.” ~ Danny Kaye
“For all our failings, despite our limitations and fallibilities, we humans are capable of greatness.” ~ Carl Sagan
And you may have read or seen this man (Anthony Robbins) speak of greatness and how it’s attainable. All the formulas to it are inside his book. Get the book if you have not read it.
Ok so you now get it. Greatness is within you. I can even start quoting some religious literature if you like that we are part of God and if God is great we must also be great etc… but I wont go too deep. You get it.
Are you getting “cubed”?
What happens if this greatness starts getting stripped away from you.
Over the last few years working in both startup and corporate environments, I saw something which disturbed me and also started to affect me negatively. This deceptive art of the machine dumbing one down. It starts with getting “cubed”.
You are a go getter. You come from another environment (startup or not) where you were the man of the hour (all-rounder or a specialist) to a new environment (yes job) where things move slower and the room is filled with this political fog. Straight away you get confined to a cube (your new desk). Blocking the world around you. You are told it’s there to make you focus on your job. Then your new job turns out to be practically pulling a lever (minimized role). They call this specialization. You become a cog in the machine. Stripped of all those responsibilities which once made you grow into being better than before.
What’s going on here? 2 damaging factors are at play:
The environment and
The chap you report to.
Let’s face it. It sucks.
Point 2 you may be inclined to give them the book Drive: The Surprising Truth About What Motivates Us so he/she can go and bloody learn for them self how employees should be managed. Yes that is a start. But both points have deep roots. Let’s explore deeper.
We are constantly changing – like it or not
If you were a go getter type of character capable of turning mountains and getting stuff done this sort of “cubing” will slowly erode you. Obviously it wont if you are not getting cubed.
We (humans) are constantly adapting and changing whether we like it or not. The field of Neuroplasticity has proven that our brains change neural pathways and synapses due to changes in behavior, environment and neural processes for our entire life. Changing jobs is changing environments. Our minds change the most when we change environments. It is why people grow faster when they move to the right job or even country, and why joining the army changes everyone, for better or worst. Your environment is an important part of you and your identity.
Learning Helplessness
To further understand the psychology of this let’s step into 1960s when Martin Seligman (before becoming the founding father of positive psychology) studied the opposite of happiness. He was experimenting with dogs, pairing noises, like a bell, with small shocks to see how the dogs would eventually react to the bell alone.
The experiment involved a shuttle-box with 2 compartments which a dog could jump over a small wall to each chamber – as shown above. Each time a bell would ring. In 1 chamber the dog would get shocked. In the other he wouldn’t. Before the experiment the dog would jump the low barriers easily at free will. After the experiments involving zapping the dogs they just stayed in the chamber where they would get zapped. The dogs learnt that once the bell rang a shock was to follow no matter what. Thus they learnt helplessness.
Seligman found the same behavior in humans. When we fail (life delivers a shock) we respond with simply giving up. Cubicles are the new shuttle-boxes and workers the new dogs.
Thanks to Shawn Anchor, positive psychologist from Harvard University for telling me about this story. It basically correlated to what I personally saw happening around me. Shawn has many great stories like this in his awesome book The Happiness Advantage.
Change now, Not later
If you are cubed you must change now. Negotiate your employment contract with help from a contract attorney Kansas City. No matter how hard or scary it is, it is NOT good for you now nor later. Getting emotionally shocked is not fun. The longer you are cubed the harder it will be to change as you become a numb cog in the machine. Just like the dogs taking the shocks. Until a day will come when you will be dislodged from that machine (by higher powers & against your wishes) and then you will be a lost soul.
Whatever your mind can conceive and can believe, it can achieve. ~ Napoleon Hill
A nurse in Australia recorded the most common regrets of the dying. At the top of the list was “I wish I’d had the courage to live a life true to myself, not the life others expected of me.” Next on the list: “I wish I hadn’t worked so hard” and “I wish I’d had the courage to express my feelings.”. Get it? Dont be that numb cog on your death-bed.
Whether you think you can or can’t either way you are right. ~Henry Ford
Dont forget, you come from greatness therefore you must have greatness within you. Dont get cubed. Go and make a difference in your life. We create our own reality. The power is within you. How you decube yourself is different for everyone. But the power within you knowns what you need. Ask and you shall receive. Then gain the courage to execute.
If you have friends or family which are cubed pass this information on. Spread this knowledge to those that need it and empower them to take control of their life.
If you are working via a VM environment you may no doubt have came across the issue of changing IP address. It really messes up your workflow since now all the saved bookmarks, host files and other associations need to be changed to the new IP address. The solution is to disable DHCP and enable a static IP address. But in such a way which still gives you access to the outside world (your machine) and the world outside that (the internet) so you can run updates and drag code from your repositories. If you always access various work or personal websites on your phone, you may buy datacenter proxies.
Here’s a bunch of steps, copy and paste style, which you can run in Ubuntu shell to make this happen.
Do this in your Ubuntu Shell
1. Get your current address, net mask and broadcast.
ifconfig
Under “eth0” (see below) write the numbers down. We will use them to lock in your static ip address.
eth0 Link encap:Ethernet HWaddr 00:0c:29:fe:45:3a
inet addr:172.16.77.133 Bcast:172.16.77.255 Mask:255.255.255.0
2. Get your gateway and network.
route -n
Kernel IP routing table
Destination Gateway Genmask Flags Metric Ref Use Iface
0.0.0.0 172.16.77.2 0.0.0.0 UG 100 0 0 eth0
172.16.77.0 0.0.0.0 255.255.255.0 U 0 0 0 eth0
UG = U is for route is up and G for gateway. The other IP address is your network IP.
3. Change your IP address.
3.1 Open interfaces in nano
sudo nano /etc/network/interfaces
3.2 You will see something like this:
# The primary network interface
auto eth0
iface eth0 inet dhcp
Finding a Great co-founder is like lottery. And when you find one it’s like marriage. It’s what makes or breaks companies. And its not any co-founder, it’s the “right” co-founder which complements you and fills in your weak spots. With the right co-founder, you’re not just building a company — you’re setting the stage for everything from scaling to potentially Selling a Business one day. You need a Great co-founder.
Many people want to do something in business. They day dream and talk it big like it’s happening. But when the time comes to crunch and the need to sacrifice their life style (change) the tune begins to change. This is why this cuts out about 90% of the want to be co-founder pool.
Finding the right co-founder is as most people say like getting into marriage. It’s not easy but doable. And you will have rough patches that you need to be able to get over and move forward. There are many discussions online on how & where to find the right co-founder. The reality of the fact is it’s probably slightly better chance then winning lottery.
Benefits of a Great co-founder
Having a great co-founder helps with being able to bounce ideas off each other, technically support each other, emotional support and give you a chance at getting into Y Combinator like incubators. Most of these incubators only accept +1 co-founders for this very good reason.
“Successful single-founder startups are so rare that they’re famous on that account.” ~ Paul Graham from Y Combinator.
Most of all successful businesses became successful only after pivoting due to market demands or circumstances. Just read Jessica Livingstone’s Founders at Work. Jessica covers most of the successful companies today and how they did not start off with what they are famous for today. Or take a peek at Steve Blanks’s latest book The Startup Manual where he shares his years of research that startups and enterprises are different in the fact that enterprises are executing on a proven business model while startups are finding (pivoting) to one which will hopefully stick. Hence what we see in Jessica’s book on founders success and also having a founder which has the right mindset to pivot with you when required.
When setting up your retail space, it’s important to research and find high-quality shelving for shops that can withstand the demands of displaying various products while maintaining an appealing look.
Ok enough about this common knowledge. Here are 3 core lessons I learnt and believe will help you on your quest as well.
School of hard knocks
a. Cut out the business folks.
Especially those that can talk well. They are good later on but not in the initial stages when all you need to do is build a kick ass product. A kick ass product will sell itself. And if you are a true entrepreneur you will also know how to sell it and develop the product.
I also found that the business folks will have a tendency to burn money for unnecessary “business development tasks” which as I said above are not needed. Maybe it’s a way they try to justify their existence early on. The best way I believe they can justify it is by learning to be technical and add value that way. That is the only way I would have a business co-founder if he rolled his sleeves up and got into the code & supported the development efforts. Once they become more technical they will also understand (and appreciate) why certain fixes, changes or piece of work really takes hours and not fluffy minutes.
b. Cut out those that cannot deliver.
Probably the single best advice I can give you. You will be surprised how many cannot deliver.
Some people that used to be able to deliver once may not today. It is a proven fact the environment changes people. People do not change alone. Your environment dictates your actions. The rest, just get better at being an actor. (ref Zod’s 10 Axioms). Separating those that “are” in the game vs those that “say” they are in the game will save you plenty of headaches. I learnt this the painful way many times over. Seamlessly transition from campaign to delivery with our post-campaign fulfillment mastery. Even with folks that had a kickass background but just couldn’t deliver a minimum viable product.
“No Talk, All Action”
Delivery is such a key point here that I cannot stress it enough. It is what will separate you from your competitors. It is what will give you a leaders advantage. It is what separates the boys from men. Take a read of Facebook’s release engineering process. This is what makes them great. They release daily small changes and weekly major changes without disrupting the user experience. We do not like to wait in line to get served. Online or not, we expect it yesterday. Start delivering.
c. Cut out those that cannot communicate.
Working remotely or locally, communication is pivotal to success. Both from understanding each other to communicating expectations. If we cannot communicate well or even understand each other then expectations are misaligned leading to arguments, tasks not clearly assigned ending up with delivery failures or delivery of the wrong product/feature and ultimately the business collapses. The wheels get out of sync.
There are no excuses for not being able to communicate. There are many free tools out there to help with communication like meetings.io, asana, yammer, gtdfaster.com, skype etc… ontop of the standard phone, email and personal meetups at popular hacker houses. Using those tools to help manage expectations (think tasks) to scrum updates is pivotal to success. If you are not over communicating then you are not delivering the right results.
Shell shocked
Yes. That’s how it felt every single time I had to deal with such co-founders that sold themselves high on their skills and failed to bring something viable and worthy to the table.
A good life lesson is this. “Always take action on things. People regret inaction more than action.“. I find regret sticks around with you longer and this is more painful.
“Fear cuts deeper than swords.”
― George R. R. Martin, A Game of Thrones
It becomes even more painful when you are waiting around for someone to pickup their slack. So if you have a bad co-founder hanging around you, speak up, act on it and drop them immediately if nothing changes. Don’t look back. Most of all, as Zod Nazem said “don’t pass your garbage to your neighbor”.
Ask questions
Ask yourself these questions before committing your energy and time with a potential co-founder.
Have they go any examples of execution & delivery on time? Not so fast, it needs to be recent projects in current environment. Not past (historical/ancient) projects. Recall what I said above about environment & change.
Work together and deliver something together on time to completion – we all have small projects. Try before you buy. Don’t use hackathons as a gauge. Use something where pressure has to come from within you both. Failing this no 2nd changes. No one can recover your lost time.
Can they communicate well? Easy test is in how they speak/communicate something to you 1:1 and via email. Do you feel like you do not know the status of your project or understand the message?
Do they have expertise/domain knowledge in an area you lack? If yes work on this small project in that area to see.
Do a quiz to see founder values – here’s one here. But do not count on it alone. It’s just to get your mind ticking.
I always say…
“First time shame on you; Second time shame on me!”
― Ernest Semerda
If something is a repeating pattern you need to act fast. This life lesson I was taught by a senior VP and it has proven to be valuable and rewarding time again.
Got life lessons you want to share here? Post below or shoot me a message.
“How do you compare Sydney to SV, in terms of work-life balance, housing costs and traffic?”
So here goes. The following is based on my 3 years of experience working in the valley with over 8 years from Sydney. Some things may have changed in the last 3 years but I’m certain most still hold true till today. If I messed up anything let me know and I will correct it. Happy reading!
Work-life balance
Sydney
Silicon Valley
Mainly corporate companies dominated land scape and thus a very corporate lifestyle. Wage is mainly just salary and the manager rules in the workplace. There are few exceptions like Atlassian but overall startups are rare. Like in London, most Aussies head to the pub after a 8 hr work day (especially Friday) for a drink and chat with their mates leaving weekends for the beach.
Very startup orientated landscape and thus a very casual work lifestyle. Great Software Engineers are like gold and always hunted & looked after with great compensation (wage & stock options), tools (Mac) and free food. If you are at a startup it is common to be working 11 hr days 6 days a week or hanging out at a hackerspace building a new online or mobile product. Not much pubs or beach going on here unless you live in San Diego.
Australia has a “public” health system and also the option for private health. Your health is not tied to your company like in the USA. Taxation is different and higher but also wage dependent – see your tax agent for details. Most people are encouraged to buy an investment property to reduce it via the many benefits available for investors. Thus most Aussies are financially savvy.
Check out my previous post on employment & contracts in the valley. It has many things to watch out for. Especially the dreaded health system being tied to your work. No job no health cover unless its via your partner’s employer. With tax you pay the federal & state taxes but it will still work out for the better by 3-5% for software engineers working here vs Australia.
Software Engineers do not exist. They call them IT or programmers whom are treated (at corporate firms) like reusable hanky. Managers & big titles rule the floor here.
Good Software Engineers are what makes companies great. Always the last to go when head count is being reduced. Without good software engineers there is no business.
Conclusion: If you’re a good software engineer then you belong in silicon valley. Here’s a guide how to get to silicon valley. Otherwise Australia is better for lifestyle.
Housing costs
Sydney
Silicon Valley
Buy: Real estate prices in Australia are (currently) valued at more than they are worth. Median house price is around $500K. This of course fluctuates based on popular cities like Sydney & Melbourne. Check out the property update for latest data.
Buy: Varies based on county & sub zip code. San Mateo is around $500K & Santa Clara around $460. Let’s take Mountain View. 3 different zip codes 3 different prices: 94040 – $950K, 94041 – $699K & 94043 – $545K. Los Altos (next door to Mountain View) is $1.5m.
Rent: The closer you are to the city the more you will pay. In Wollstonecraft (10 mins from city) average 1 bedroom will set you back around $430 per week. The newer and closer to transport the higher that figure will go up.
Rent: City (San Francisco) is still expensive to live in but so is living 1 hour down into the valley (San Mateo county) where all the tech companies (and jobs) are located. In Mountain View(home of Google et al) expect to pay anywhere from $400 to $500 per week for a 1 bedroom apartment.Moutain view benefits – lifestyle
Conclusion: Expect similar buy & rent prices between the 2 locations. In Sydney you will live inner city and pay the same as you would in the valley away from the city.
Traffic
Sydney
Silicon Valley
Not all roads are free. Sydney is cursed with british influence of 2 lane (each way) freeways. Most major public roads have been cut back to 1 lane forcing people to use the mostly private 110 km Sydney Orbital Network to get around. Sections of this have different owners and different prices via electronic means. Expect to pay around $20+ to do a full loop. Disaster! Traffic gets bad as LA near the city.
All roads are free except the Golden Gate Bridge ($6 south bound). Freeways can span up to 6 lanes each way. Huge arteries run thru the valley like 101 & 280 – see here. Also a good chance you will run into many bad drivers. More people on the road = more bad drivers. The one pet hate I have is the lack of use of indicators. Such a common event it angers me cops aren’t doing anything about it.
People are angry & fearful to drive faster due to cash safety cameras (speed & red light cameras) all around Sydney. It’s madness. So traffic is going to be slow on roads (mentioned above) which are already crammed up. Please bring electric self driving cars to Sydney and stop this camera madness as a way to save lifes.
No safety cameras anywhere except for few in San Francisco. Most motorists drive fast on the freeway averaging 80 miles/hr. I’ve seen a cop car zoom in front of a batch of cars and slow everyone down with lights blinking and moving between lanes. That’s manners!
Public transport is very good & reasonably priced in Sydney with bus lanes in most busy suburbs & throughout the city. Highly recommend using the bus if you have access to it else you will be left with City Rail. City Rail has been a disaster (delays & service cancellations) but it’s getting better.
Most people drive their cars to work. The HOV is there to encourage American’s to carpool & use electric vehicles to get around even faster. During business hours even the freeways clog up but traffic still moves. More on public transport options & commuting here.
Conclusion: In Sydney use public transport. Sydney is congested due to bad & expensive road infrastructure. You will also save more money that way. If you prefer to drive than USA is the king of the road.
few more of my own additions…
Misc
Sydney
Silicon Valley
During summer it is hot, sticky and humid around 40°C (104 °F). Winters are dry and cold dropping to 2°C (35.6°F). Australia is very brown. Not as green as USA.
During summer it is farken amazing! Excuse the F word but this is the BEST place in the world for weather. Dry and sunny sometimes peeking at 40°C (104 °F). Winters are rainy and cold dropping to 2°C (35.6°F).
Go to USA to shop for clothes for choice & price. 2 major grocery retailers (Coles & Woolworths) play a game of monopoly with consumers keeping prices high and pushing the smaller players out.
Clothes & cars are half price of Australia. Competition is high here with many many retailers. Competition is healthy to bring prices down & increase consumer service. If you buy organic free range food here it is as much as in Australia for standard supermarket food.
A large island in the middle of the South Pacific with a population of 20m. Most of Australia is dry/red, population lives in isolated centers on the edges of the island with nothing in the middle but deserts and deadly animals. Flights to Sydney from USA average around 14 hrs. Few places like Great Barrier Reef exist but not the diversity you get in the USA.
Massive population of 300m spread across most of USA. Opportunities galore. Urszula has met and attended events ran by gurus in her industry. All those books she read the authors are based in the USA. Same goes for travelling for holidays. Every state is different and has something to show and see. Plenty to do and explore all under few hours of flight or drive.
GitHub is a distributed version control system similar to Mercurial with a free Mac client. GitHub makes it easier to collabortate with others and share projects with the universe. GitHub has grown into an application used by over a million people to store over two million code repositories, making GitHub the largest code host in the world.
Goal for Semerda.com Bootstrap: “To help ease with starting up new projects in Python on Django with jQuery, Twitter’s Bootstrap, Modernizr & Handlebars.js.”
If you have any suggestions how to make this solution better please Leave me feedback.
Cool things you will find inside
Plenty of internal documentation to why something is being done. Also utilize the “Ref:” URLs. They are there as a reference for the source of the content. Great for digging deeper into those specifics.
Settings.py split into Development & Production modes based on platform node. The base template contains the platform node wrapped in comment declaration so you can view source and see if you are running in development or production mode.
HTTP error 404, 500 & 403 handlers with associate Templates – these are bare atm so feel free to expand and contribute better versions. See Quora for funniest 404 pages.
If you add {% include ‘django_debug.html’ %} to your base.html Django Template footer you will see Debugging information in the footer of all your pages. Not recommended in Production mode.
Handlebars & Django Template consistencies to help use.
Custom Handlerbars Helpers to help with index counting in a grid table and generating Twitter Bootstrap buttons.
All JavaScript files are loaded using Modernizr’s yepnope, a asynchronous conditional resource loader.
Few custom Semerda.com JavaScript modules using the Modular Pattern. I’m a big fan of the Modular Pattern due to its encapsulation, namespacing and seperation of concern possibilities.
What custom Modular JavaScript you will find under /media/js/
semerda.com.common.js – highlight the correct primary navigation tab based on page visited.
semerda.com.analytics.js – wrapper for Google Analytics (GA) to automatically tag all links on page by parsing the DOM for href. Also uses “data-ga” attribute (where present) to push custom labels for GA event tracking.
semerda.com.browserstorage.js – for HTML5 supported browsers the JSON load uses either the browser local or session store to work with the JSON data. Default is always local store. Great for use with JSON/API call data you want to cache locally vs constantly making calls to the API – see /about/ page for this example in use.
Frameworks used
Django: Django is a high-level Python Web framework that encourages rapid development and clean, pragmatic design.
jQuery: The Write Less, Do More, JavaScript Library: A fast, concise, library that simplifies how to traverse HTML documents, handle events, perform animations, and add AJAX.
Bootstrap, from Twitter: Simple and flexible HTML, CSS, and Javascript for popular user interface components and interactions.
Modernizr w/ yepnope.js: Modernizr is an open-source JavaScript library that helps you build the next generation of HTML5 and CSS3-powered websites. yepnope is an asynchronous conditional resource loader that’s super-fast, and allows you to load only the scripts that your users need.
Handlebars.js: Minimal Templating on Steroids: Handlebars provides the power necessary to let you build semantic templates effectively with no frustration. Mustache templates are compatible with Handlebars, so you can take a Mustache template, import it into Handlebars, and start taking advantage of the extra Handlebars features.
Bsc. Comp Sci & AGSM MBA. I Lead & Code for Coupons.com. Prior software architect at AMP Ltd, later CTO of Couponstar Ltd followed by an acquisition by Coupons.com, a $1B company. I am an Aussie entrepreneur & software engineer working on refreshing & innovative products in Silicon Valley like GTDfaster, Facebook ReadingList app et al.
The Road to Silicon Valley – This blog. A Blog which provides tools and resources to anyone wanting to come and work in Silicon Valley’s high tech industry. Experience is based on my own personal journey arriving in Silicon Valley on March 2009.
GTDfaster iPhone app – GTDfaster rests on David Allen’s principle of Getting Things Done (GTD). That a person needs to move stuff out of the mind by recording them externally into a trusted source. GTDfaster is this trusted GTD source. Also has a seperate posterous blog on GTDfaster.
Facebook Readinglist app – A popular free Facebook app to help you share, inspire & create a collection of books you have read, want to read or are reading. Start influencing your friends on Facebook today.
To-do list for Semerda.com Bootstrap
There is always a never ending to-do list. If you want to dd anything to it please feel free to.
Separate Handlebars Helpers into Standard & Twitter specifics.
Give SEMERDA prototype object a unique handle like jQuery does with $. Maybe use “$S”. This should shorten the calls a bit.
Throw in more Modernizr examples for Browser detection versus feature detection. Always aim for browser detection hence why we are using Modernizr here. We do not want to block users but gracefully degrade the experience where required.
Provide a set of minified semerda.com.xyz custom JavaScript modules. For now just use [Google Closure Tools](https://developers.google.com/closure/) to do the minification.
Every year my wife and I celebrate our wedding anniversary by doing something crazy/special. This year, we decided to go on a boat and sail around the Hawaiian islands. In the restaurant there was a beautiful decoration, I remember using white chair covers for weddings, that brought back memories of our wedding. Living & working in America gives us plenty of choices. Hawaii is only 5 hour flight and it costs a few hundred bucks to fly there and back.
We found Kainani Sails operated by Brian “Keao” Shaw & Iwa Hartman on AirBnB.
AirBnB is where you get to rent from real people – not hotels or larger charter businesses. We wanted this to be “personal” and special holiday and not have to rush everywhere we visit. Basically doing it at our own pace. Kainani Sails has a boat which is a fully equipped 43′ sailing yacht. It is also their home. Perfect. Let’s go!
What you need to know:
You will sail in a fully equipped 43′ sailing yacht. It has kitchen, 2 bathrooms (again don’t expect a hotel bathroom), living room, master cabin with a comfy queen size mattress and 2 smaller cabins and an engine so you can still move when the wind is down. See pictures of it here.
There is fresh water on board for bathrooms and drinking.
Captain Brian “Keao” Shaw has around 10 years of sailing experience and is USCG certified. Having grown up in Hawaii he also knows the local waters very well. He will even turn on the motor when a whale is sited to make them aware of us – that’s caring for nature. With Iwa Hartman as his crew you are in great hands. They know how to fix up the yacht and have all the necessary equipment (check out this post if you need marine equipment).
On board you will also find surfboards, snorkeling & fishing gear, a 2-person kayak, deck chairs, a small library, outdoor grill, and a 10′ tender with a 15 hp outboard known as the “Zodiac”. Your taxi shuttle to the shore.
Things to prepare before:
To prevent nausea and vomiting caused by motion sickness ask your GP for prevention pills. We received Transderm Scop in 10 patches (a 30 day supply). Each patch goes behind your ear and lasts for 3 days.
A rashguard to keep yourself from getting burnt by the sun. You will be on the boat, snorkeling, surfing etc… always in the sun. This will protect you from the UV.
A waterproof housing for your camera. The world below is amazing. You will regret it if you do not have a camera capable of taking video or photos underwater.
A book or an iPad with digital books. There’s nothing like kicking back reading a book and watching the sun set or early in the peaceful morning indulging your mind.
You and Keao will create your meal schedule to make sure you eat healthy. Done before your trip via email.
A waterproof jacket from Vest Home deals When crossing the channels between the islands the wind picks up and waves get larger. You may get splashed when sailing.
LED headlamp / torch. When the sun sets you will want additional / personal lighting.
Buy some snacks, red wine & alcohol before you board. My favorite is the Chopin Vodka, 4 times distilled and rated well in San Francisco for the last 2 years.
My favorite things to do on the boat
My sleeping habit changed from 3am – 8am (ahh the life of an entrepreneur software engineer) to 9:30pm sleep and 6:00am wake up as the sun rises. My body naturally went into this cycle with the sunset and sunrise rhythms. I had a ton of energy each day without a need for caffeine. I did not drink a single drink with caffeine while on board.
Sleeping on the stern (back of the boat) under the stars. I created a nice comfy bed and slept under the stars each night – simply amazing! Without any light pollution you could see every star possible with the naked eye. I felt like the character in Altered States tapping into evolutionary state when our ancestors used to sleep under the stars.
Sit at the bow (front of the boat) on deck chairs with your partner to enjoy the open seas as you sail.
The master cabin has 2 roof windows which open up. Sneaking in and out of the cabin via these windows felt like being a kid again.
Take stunning photos from all corners of the boat. Just hold on tight coz the boat does rock with the ocean and leans during full sail.
Our journey begins
Saturday (Feb 18)
For short trips of around a week its cheaper (with coupon) & more convenient to leave your car at the airport parking which was just remodeled by local contractors you can also hire if you click here.
We flew out of flew out of Oakland International so parked our car at Park ‘N Fly.
We flew Hawaiian airlines Boeing 767 into Kahului Airport on Maui (Hawaii). That’s the top part of the island. It’s best to catch a shuttle bus (which fits around 10 people) from the airport to Mala Harbor (the south side of the island in Lahaina). A 1-hr car ride. Grab the shuttle bus as soon as you walk outside the airport.
Captain Keao picked us up from the bay on the “Zodiac” (outboard) and took us to the fully equipped 43′ sailing yacht parked further in the Lahaina Bay.
Having arrived to the sail boat, we were greeted by Iwa (his crew) and helped on board. I must say this was a very friendly welcome and we felt like at home straight away. Thanks folks!
That afternoon we watched an amazing sunset and then star gazed. Using an iPhone app Sky Safari to identify the stars, planets & constellations was super fun… before falling asleep under the stars.
Sunday (Feb 19)
Early morning we set off sail to Honolua Bay. This is the west side of Maui. It was a 5 hour journey and Urszula got to sail the boat under Captain Keao’s supervision. Here’s a nice video of our sailing treck .
The private residence bay was amazing. Rich in corals and surrounded by rocky cliffs with 2 beaches where about 2 dozen surfers were catching 6 foot breaks coming from the open sea along the cliff faces. So Keao and I grabbed 2 surfboards (the boat carries 3 surf boards) and we paddled to the break. We had a kick ass time while Urszula went snorkeling & underwater recording with Iwa.
As the sun was setting a large pod of Spinner Dolphins came into the bay. I call them Tunas because they the young ones look it. They are famous for their acrobatic displays in which they spin along their longitudinal axis as they leap through the air. Urszula and Iwa set out on a kayak to get closer to these amazing creatures .
Monday (Feb 20)
We set out sail early towards Maunaloa on Molokai island. A secluded place that reminded me of the 1st episode of Planet of the Apes (1968) when the crew crash lands on a planet in the distant future. Nothing but beach, sand and mother nature.
Molokai is the fifth largest of the main Hawaiian Islands. It is one of the least touristy islands and very native.
Tuesday (Feb 21)
We departed before sun rise to beat the winds while crossing the channel. However we hit some pretty crazy winds and the seas were angry my friends. I was thinking Mavericks! This was the time I gave in and plonked motion sickness patch on and the waterproof jacket.
When we hit Lanai’s Au’au channel the winds settled and oceans calmed down and turned deep blue. I have never seen anything like this before.
We stayed the night in a secluded bay near these amazing rock cliff faces where Urszula came face to face with a 3 meter shark in the coral rich bay.
It was funny to watch those touristy charter boats come in loaded with people, they bobbed out for 30 minutes into the water and had to get back on the boat to leave again. What a rush. Did the tourists even get a chance to take in the beauty of the surroundings and underwater. While we kicked back and snorkeled at our own pace taking in everything nature had to offer.
Wednesday (Feb 22)
We headed into Lanai Bay and parked the boat amongst other boats. This was a big change to the secluded areas we visited earlier. A lot more populated.
Lanai is sixth-largest of the Hawaiian Islands. A privately owned island. It is also known as the Pineapple Island because of its past as an island-wide pineapple plantation. The only town is Lānaʻi City, a small settlement. Lanai has the longest stretch of coral reef in Hawaii and the beaches on this island are down right deserted.
I highly recommend you visit the Four Seasons Lanai at Manele Bay. A brief walk from the bay and they have great Mojitos (my favorite).
The beach at the base of the hotel is also amazing with fascinating tide pools, great snorkeling, red sea cliffs and a stunning cove.
Thursday (Feb 23)
We loved Lanai so much we set sail back to Maui later in the afternoon.
Stopping along the way in the middle of the ocean and jumping off the bow to hear the Whales sing under water. (see video) and to feed some crazy black fish (see video). hehehe that was fun! I think they wanted to feed on Urszula.
Sailing back to Lahaina Bay I took charge of being the Captain hehe under Keao’s training around the instrumentation and reading the sails/winds I sailed us back into Lahaina while we all enjoyed the amazing sunset.
Friday (Feb 24)
Early morning we hit the surf in Lahaina Bay with our surfboards. Plenty of people catching perfect waves.
Lunch time we said our goodbyes – it was tough after such an amazing week with Iwa & Keao. Not only did we have an amazing time but we also made friends. That is something we will never forget. Keao dropped us off at Lahaina bay port where the friendly folks at Enterprise car rental picked us up for the next journey in Maui.
Wow, we sailed in Hawaii
We couldn’t have asked for a better trip. Both Keao and Iwa were outstanding hosts. From looking after us with healthy food (we got some recipes), entertainment, history lessons of the sights, sailing lessons to opening up their stunning waterfront property (the 43′ sailing yacht) to us. We felt like we were at home but away from home. Urszula counted 76 Whales during our trip! I started to call this whale pollution because there were so many of the them hehe I really decompressed and disconnected from my reality and lived a life which I can only compare to what I believe our ancestors did once when they were one with nature.
Here’s a short video of our trip
Want to experience the same?
Everyone should at least one in their life sail. Especially around beautiful Hawaii.