38 ms·

The 7 Habits of Highly Effective Mediocre Entrepreneurs

184 points by ssclafani 14y ago

systems 14y ago
I am not sure I agree with failure as a sign of mediocrity I can identify few empirical evidence to defy this But then he is using the term "mediocre entrepreneur" to mean not Larry Page and Mark Zuckerberg! So ... heh I think anyone who eventually succeed in creating a wonderful and successful business cannot be called mediocre But I actually believe it is a good list to ponder upon ( to criticize, to agree and disagree with)
- ams6110 14y ago
  he is using the term "mediocre entrepreneur" to mean not Larry Page and Mark Zuckerberg Yes, I agree. There are always a few outliers who by combination of luck, skill, and hard work (mostly luck though) hit a home run their first time at bat. "Mediocre" can mean "ordinary" or "unremarkable" and a history speckled with failures is pretty typical of most "ordinary" entrepreneurs. I find it actually encouraging, that someone with the admitted faults of procrastination, poor networking/social skills, and poor negotiating skills can still, eventually, find success.
Jauny 14y ago
I used to love and read a lot Altucher... but the more you know him the more you realize he is like a pop singer. He is more of a romance writer than anything else and writes what sales. Sure he brings a lot of motivation and hope to anyone who wants to achieve something in his life. But the rest is a lot of nice words making the whole appear super brilliant, but in fact empty.
ricardonunez 14y ago
If you've never failed you are doing something wrong. Even does guys that he mentioned failed at something, the difference is that people don't want to know about the bad stories. Even if you can learn more with the failures.
- anujkk 14y ago
  Exactly. He says Larry Page never failed but the reality is he "failed" to sell his search engine Google but "succeeded" in not giving up. He tried for almost 2 years and when no one showed interest he decided to take it forward himself.
Silhouette 14y ago
If this guy is as completely incompetent as he claims (and claims, and claims, and claims again) then why should we listen to anything he says (though it's terribly embarrassing for him, but apparently he's going to say it in public anyway)? Linkbait oxmoronic title is linkbait and an oxymoron. Endless false modesty is nauseating. Articles like this have little value. Links to articles like this belong on another forum. And comments like the one you're reading are necessary once in a while, but now I'm going back to doing something more constructive.
- jgh 14y ago
  Oh god it's a light hearted piss-take.
- mattront 14y ago
  I find his articles fun to read and thought-provoking. A lot of what he says goes against the conventional wisdom of the startup world or against my own way of doing things. So his ideas provide a good (and entertaining) opportunity to re-examine them.
  - AznHisoka 14y ago
    Same here. This guy is actually the ONLY guy I enjoy reading in Techcrunch.
  - jamesjguthrie 14y ago
    Same here, I relate a lot to his personal traits.
- pitt1980 14y ago
  if you judge people for being self deprecating, you wind up self selecting people who overpromote themselves
  - Silhouette 14y ago
    The thing is, I don't think he was really being self-deprecating at all. If he were being self-deprecating, then after admitting to being mediocre, he wouldn't have spent the rest of the opening paragraph name-dropping extremely successful people who he claims read all his articles. There were some reasonable ideas in there, but I didn't notice anything that hasn't been said before by many other people, and they probably said it using far fewer words, far more clearly, and with far, far fewer references to themselves. I wasn't a fan of the implicit sexism betrayed by comments like "enjoy the sunset with your wife on occasion" and the reference to asking every girl on the street, either. The only link between anyone female and success in that entire article is a picture of a photogenic young lady holding hands with Larry Page.
nicpottier 14y ago
Although I find some of the advice interesting, the presentation is really confusing. Are these anti-patterns or patterns? Am I meant to emulate the mediocre entrepreneur or view these as cautions? If I follow these will I be doomed to only ever be mediocre? I've never been a fan of articles that force me to put a ! before every sentence. Opposite day on the web!
unoti 14y ago
I loved this article! He did learn the wrong lesson regarding the failed demo where he couldn't launch his CD because he only knew Macs and Unix. It is important to know how to use Windows, that's true. But even more important is: be absolutely certain you control every variable you can in a demo or presentation. Count on as little as possible from the audience/venue. Every salesman knows this, right? You bring your own laptop.
- eytanlevit 14y ago
  Brilliant
- ravichhabra 14y ago
  I remember my course at a TV and Radio Repair training shop. They emphasize a lot that you need to learn and memorize where all the screws go on popular models.If your client sees you trying to figure out where the screws are, they won't trust you no matter how good you are with the electronics inside.
- guscost 14y ago
  I've been using the Mac Air exclusively for work for about a year now. Coincidence? Maybe.
fsniper 14y ago
I said, “$50,000″. They said, “No more than $1,000 and that’s a stretch.” I used my usual technique: “Deal!” - just laughed and laughed.
sathishmanohar 14y ago
8. Write for techcrunch, without solid examples.
aik 14y ago
I appreciate the attempt at trying to instill some realistic expectations, but beyond that I'm not sure if I'm missing something -- I find this article to be toxic for multiple reasons: - The thought that "superstar"/top entrepreneurs "never fail" is ridiculous. - The idea that anyone other than the top 1% can't have an "original" idea, have vision, or have any sort of competency period. - The examples of his failings sound incompetent to such a ridiculous degree. Again this reinforces the previous point. - After reading this, I have the impression that "luck" is all there is unless you're in the "top 1%". - The idea that procrastination is a positive force and that it means you need to step back and think about "something". There may be some truth in that, however I find it dangerous to accept it as simply as this. I'm reminded of the below two sayings. There's probably some truth in them: "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man." - George Bernard Shaw "Fake it till you make it."
vishaldpatel 14y ago
What happens to the hustler when they fall in love with something? How does their behavior change?
pron 14y ago
I usually cringe when I come across self-help for entrepreneurs. It makes me feel like I'm watching Oprah; there's nothing wrong with that, but... you know. But this one actually made me smile.
tmchow 14y ago
Personally, I'm not a fan of the author's recurring posts on TC. I've read most of them as they come up in gReader the past 6 months and all of them had my eyes rolling for one reason or another. I don't even have to read who's written the post to know it's him.
uvTwitch 14y ago
I'm honestly surprised at all the people who apparently haven't figured out that the article is written facetiously.
yskchu 14y ago
I don't get this one: <quote> - Do anything to get a “yes” - Here’s a negotiation I did. I was starting stockpickr.com and meeting with the CEO of thestreet.com. He wanted his company to have a percentage of stockpickr.com and in exchange he would fill up all of our ad inventory. I was excited to do the deal. I said, “Ok, I was thinking you would get 10% of the company.” He laughed and said, “No. 50%”. He didn’t even say “We would like 50%”. He just said, “50%”. I then used all my negotiating skills and came up with a reply. “Okay. Deal.” I’m a salesman. I like people to say yes to me. </quote> How's this a good deal? And also, a good salesman doesn't just want people to say yes, they want people to say yes on his terms, not on their terms...
- stch 14y ago
  It's a joke.
guscost 14y ago
Definitely some great ideas here!

184 points by ssclafani 14y ago

I am not sure I agree with failure as a sign of mediocrity I can identify few empirical evidence to defy this But then he is using the term "mediocre entrepreneur" to mean not Larry Page and Mark Zuckerberg! So ... heh I think anyone who eventually succeed in creating a wonderful and successful business cannot be called mediocre But I actually believe it is a good list to ponder upon ( to criticize, to agree and disagree with)

ams6110 14y ago
he is using the term "mediocre entrepreneur" to mean not Larry Page and Mark Zuckerberg Yes, I agree. There are always a few outliers who by combination of luck, skill, and hard work (mostly luck though) hit a home run their first time at bat. "Mediocre" can mean "ordinary" or "unremarkable" and a history speckled with failures is pretty typical of most "ordinary" entrepreneurs. I find it actually encouraging, that someone with the admitted faults of procrastination, poor networking/social skills, and poor negotiating skills can still, eventually, find success.

Jauny 14y ago

I used to love and read a lot Altucher... but the more you know him the more you realize he is like a pop singer. He is more of a romance writer than anything else and writes what sales. Sure he brings a lot of motivation and hope to anyone who wants to achieve something in his life. But the rest is a lot of nice words making the whole appear super brilliant, but in fact empty.

ricardonunez 14y ago

If you've never failed you are doing something wrong. Even does guys that he mentioned failed at something, the difference is that people don't want to know about the bad stories. Even if you can learn more with the failures.

anujkk 14y ago
Exactly. He says Larry Page never failed but the reality is he "failed" to sell his search engine Google but "succeeded" in not giving up. He tried for almost 2 years and when no one showed interest he decided to take it forward himself.

Silhouette 14y ago

If this guy is as completely incompetent as he claims (and claims, and claims, and claims again) then why should we listen to anything he says (though it's terribly embarrassing for him, but apparently he's going to say it in public anyway)? Linkbait oxmoronic title is linkbait and an oxymoron. Endless false modesty is nauseating. Articles like this have little value. Links to articles like this belong on another forum. And comments like the one you're reading are necessary once in a while, but now I'm going back to doing something more constructive.

jgh 14y ago
Oh god it's a light hearted piss-take.
mattront 14y ago
I find his articles fun to read and thought-provoking. A lot of what he says goes against the conventional wisdom of the startup world or against my own way of doing things. So his ideas provide a good (and entertaining) opportunity to re-examine them.
- AznHisoka 14y ago
  Same here. This guy is actually the ONLY guy I enjoy reading in Techcrunch.
- jamesjguthrie 14y ago
  Same here, I relate a lot to his personal traits.
pitt1980 14y ago
if you judge people for being self deprecating, you wind up self selecting people who overpromote themselves
- Silhouette 14y ago
  The thing is, I don't think he was really being self-deprecating at all. If he were being self-deprecating, then after admitting to being mediocre, he wouldn't have spent the rest of the opening paragraph name-dropping extremely successful people who he claims read all his articles. There were some reasonable ideas in there, but I didn't notice anything that hasn't been said before by many other people, and they probably said it using far fewer words, far more clearly, and with far, far fewer references to themselves. I wasn't a fan of the implicit sexism betrayed by comments like "enjoy the sunset with your wife on occasion" and the reference to asking every girl on the street, either. The only link between anyone female and success in that entire article is a picture of a photogenic young lady holding hands with Larry Page.

nicpottier 14y ago

Although I find some of the advice interesting, the presentation is really confusing. Are these anti-patterns or patterns? Am I meant to emulate the mediocre entrepreneur or view these as cautions? If I follow these will I be doomed to only ever be mediocre? I've never been a fan of articles that force me to put a ! before every sentence. Opposite day on the web!

unoti 14y ago

I loved this article! He did learn the wrong lesson regarding the failed demo where he couldn't launch his CD because he only knew Macs and Unix. It is important to know how to use Windows, that's true. But even more important is: be absolutely certain you control every variable you can in a demo or presentation. Count on as little as possible from the audience/venue. Every salesman knows this, right? You bring your own laptop.

eytanlevit 14y ago
Brilliant
ravichhabra 14y ago
I remember my course at a TV and Radio Repair training shop. They emphasize a lot that you need to learn and memorize where all the screws go on popular models.If your client sees you trying to figure out where the screws are, they won't trust you no matter how good you are with the electronics inside.
guscost 14y ago
I've been using the Mac Air exclusively for work for about a year now. Coincidence? Maybe.

fsniper 14y ago

I said, “$50,000″. They said, “No more than $1,000 and that’s a stretch.” I used my usual technique: “Deal!” - just laughed and laughed.

sathishmanohar 14y ago

8. Write for techcrunch, without solid examples.

aik 14y ago

I appreciate the attempt at trying to instill some realistic expectations, but beyond that I'm not sure if I'm missing something -- I find this article to be toxic for multiple reasons: - The thought that "superstar"/top entrepreneurs "never fail" is ridiculous. - The idea that anyone other than the top 1% can't have an "original" idea, have vision, or have any sort of competency period. - The examples of his failings sound incompetent to such a ridiculous degree. Again this reinforces the previous point. - After reading this, I have the impression that "luck" is all there is unless you're in the "top 1%". - The idea that procrastination is a positive force and that it means you need to step back and think about "something". There may be some truth in that, however I find it dangerous to accept it as simply as this. I'm reminded of the below two sayings. There's probably some truth in them: "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man." - George Bernard Shaw "Fake it till you make it."

vishaldpatel 14y ago

What happens to the hustler when they fall in love with something? How does their behavior change?

pron 14y ago

I usually cringe when I come across self-help for entrepreneurs. It makes me feel like I'm watching Oprah; there's nothing wrong with that, but... you know. But this one actually made me smile.

tmchow 14y ago

Personally, I'm not a fan of the author's recurring posts on TC. I've read most of them as they come up in gReader the past 6 months and all of them had my eyes rolling for one reason or another. I don't even have to read who's written the post to know it's him.

uvTwitch 14y ago

I'm honestly surprised at all the people who apparently haven't figured out that the article is written facetiously.

yskchu 14y ago

I don't get this one: <quote> - Do anything to get a “yes” - Here’s a negotiation I did. I was starting stockpickr.com and meeting with the CEO of thestreet.com. He wanted his company to have a percentage of stockpickr.com and in exchange he would fill up all of our ad inventory. I was excited to do the deal. I said, “Ok, I was thinking you would get 10% of the company.” He laughed and said, “No. 50%”. He didn’t even say “We would like 50%”. He just said, “50%”. I then used all my negotiating skills and came up with a reply. “Okay. Deal.” I’m a salesman. I like people to say yes to me. </quote> How's this a good deal? And also, a good salesman doesn't just want people to say yes, they want people to say yes on his terms, not on their terms...

stch 14y ago
It's a joke.

guscost 14y ago

Definitely some great ideas here!