My regular Saturday post "Business Lessons from Rob Hayes (First Round Capital)" is now up at 25iq.com/2018/07/14/bus… “Distribution is absolutely the hardest part of creating an internet company.” Probability a startup will have distribution ~ like GOOG or FB is significantly <1%
“It is a red flag if founders have 20 slides in their deck on their product and are not getting into issues like distribution, team or other parts of the business. There have been very few products that cause people to beat a path to the door of the business on their own." Hayes
“You need to do two things as an early stage CEO: (1) hire the best possible people; and (2) make sure you don’t run out of money. There is a lot underneath that, but if you do those things successfully you are likely to have a good run.” @robhayes
“This is a long-term business. Reputation is made over careers and lost over deals.” R. Hayes. Old school: Never do anything you wouldn’t want to see on the front page of the New York Times. New school: Never do anything you wouldn’t want to see retweeted by people you respect.”
