The Power of Peer Groups and Startups

Peer groups are one of the many aspects of entrepreneurship and the startup world that took me years to appreciate. When I say peer groups I don’t mean networking groups. Rather, peer groups are small sets of people that often meet once a month, if not more, in an environment of trust and confidentiality. Peer-to-peer…

Is the fifth employee of a startup an entrepreneur?

Recently I met a gentleman that said he was an entrepreneur. After talking for a bit he said he joined a startup as the fifth employee and hadn’t started a company. Does that make him an entrepreneur or an entrepreneurially-minded employee? Here are some ways I think of the difference between an entrepreneur and entrepreneurially-minded…

Equity Best Practices for Co-Founders in a Startup

An entrepreneur approached me recently to ask for advice around equity sharing with his co-founder. There’s no “right” answer for percent ownership but there are a few general best practices that all co-founders should follow. Here are equity-related best practices all co-founders should follow: Require a four year vesting schedule where the equity vests monthly…

What’s in a Feature Name

After the startup’s name and the product’s name (which should usually be the same as the startup’s name) the next most important thing to name is individual features/modules in the product. Coming up with great names for features is critical because that value carries over into several areas like: User experience / ease of use…