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What Makes an Entrepreneur? Four Letters: JFDI
- Alex3917 16y agoThe secret to being a successful entrepreneur: Make money like a crackhead, and then don't spend your money on crack. / http://www.youtube.com/watch?v=KEvN4VUQLJk&feature=channel http://www.youtube.com/watch?v=KEvN4VUQLJk&feature=chann...
- alain94040 16y agoVery good post. It has a lot of my favorite themes: how to hire a developer/co-founder, why iterating on your powerpoint is bad, etc.
- codypo 16y agoI must point out that, like any other mantra, JFDI must be taken with a grain of salt. Think about the following scenarios. You meet a guru who's willing to advise your startup for a mere 5% of the company. You find an investor who's willing to put in big money, given you tear up your term sheet and use his unconventional terms. You think up a feature that, while consuming vast dev resources, could result in total market domination. It'd be absurd to JFDI on any of those, not without doing the proper due diligence. For day to day decisions, JFDI is absolutely the way to go. For decisions that could kill your startup, BJAPC (Be Judicious And Proceed Cautiously). Admittedly, that's not as catchy. edit: formatting.
- bedris 16y agoSo I was surprised at the sheer volumes of decisions that had to be made when I became a startup CEO. Most of them are completely mundane such as choosing which: bank, office space, 1-year lease vs. 2-year lease, logo, URL, pricing structure or which VC. Those don't strike me as mundane decisions.
- zinkem 16y agoThey may be important, but I think the listed decisions are the epitome of mundane decisions. http://wordnetweb.princeton.edu/perl/webwn?s=mundane http://wordnetweb.princeton.edu/perl/webwn?s=mundane
- batty 16y agoPhew. For a second there I thought this was going to be about an obscure new Meyers-Briggs category.
- mian2zi3 16y agoI'm not JFDI, I'm INTJ.