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Fred Destin @fdestin
, 6 tweets, 1 min read Read on Twitter
1/ I really don’t buy the “boardless” startup movement, sorry.
2/ if you think boards suck, design your board differently!
3/ but I know that for myself, forcing some kind of regular checkpoint to hold myself accountable to others on objectives, get a different perspective and have a “safe” environment where I can discuss important strategic or team issues is hugely valuable.
4/ I understand where boardless startups come from - just see my tweetstorm on “shit VCs do”. I think they are ALSO very convenient to some hands-off seed investors 😘
5/ However a dedicated group of accountable board members supporting an executive team that feels empowered will IMHO outperform most of the time an executive team that’s lacking that forum.
6/ and also if startups stop having boards then what’s my reason for being around and should I grow tomatoes instead and invest in blind pool ICOs and WTF is the world coming to with all these young punks thinking they don’t need boards, jeez 😜/eot
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More from @fdestin see all

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1/ Let me selectively unpack core findings in this phenomenal series by @ahmadmbutt - link.medium.com/WTCuXXX61R
@ahmadmbutt 2/ Dollars should be focused into capacity constrained strategies that attack the early stages. Venture does not scale.
@ahmadmbutt 3/ There are no signs that this is not a good time to enter the asset class. Technology led innovation is pervasive and cumulative.
Read 16 tweets
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1/ Dear friends, here is a long fiery thread on "shit VC's do that makes founders angry" -- as expressed by founders 😡

Because, you know, look in the mirror.
2/ THE CARDINAL SIN: ARROGANCE.

"As a founder, you’re putting your heart on the line. You want to work with people who care!"

Arrogance is by far the most cited word in the thread.

One from the archives (the more things change...) : freddestin.com/2009/12/the-ar…
3/ SAYING NO.

Or rather, NOT saying no.

And all that relates: Lack of insight into the VC process/timing/ slow 'no's. No transparency on real timelines for decision making. Failure to give honest feedback after passing on a deal.
Read 15 tweets
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1/ startups are tiny, undercapitalised, fragile organisms that keep outcompeting large and powerful incumbents.
2/ hence it always blows my mind when some VCs define company performance in terms of ability to hit the plan.
3/ in particular I cringe when VCs feel it necessary to chastise founders for missing numbers. Guess what: the founders are WAY MORE UPSET about missing their numbers that their VC ever will be!
Read 7 tweets

Related threads

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How to Innovate 101 🤓

1. Talk to people to find their most painful problem
2. Create a unique solution to solve that problem
3. Make sure people love the solution and recommend it to others
4. Get your solution in the hands of more people with the problem

Don’t skip any steps.
Conversations with potential customers: The only way to find people’s most painful problems

Start with your strongest muscle 💪🏽

Like to talk? Do sales before product
Like to write? Start marketing
Like to build? Build something fast

Find your fastest path to conversations!
“Build something people love to use.” Is tossed around as a mantra in #startup land.

We’re talking about product/market fit.

People loving your product so much that they can’t live without it and can’t help but tell others is the holy grail of product/market fit.
Read 6 tweets
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(1)QARMY🕵So you #think the #QArmy is just a bunch of #people sitting at the #computer doing nothing?

You dont think of us as #DigitalSoldiers?

Do you think we are wasting our #time and not doing anything to help?

If so then please keep reading this #Thread

⬇READ ALL or 🤐⬇
(2)🕵The first thing you have to understand is the #RippleEffect. When you find a #Fact, you share it. Now the #information has a starting point. Everyone is a starting point for someone.

👥 👥
👥👥 👥👥
👥👥🕵👥👥
👥👥👥👥
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We think #info is important!⬇
(3)🕵It can take a very long time to find all the facts about something. Hours and hours of digging.

#Imagine if you were being told #lies about everything going on and no one was willing to take time out of their day to #find the #Truth. No #Opposition! No one watching them!⬇
Read 16 tweets
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0/ Thread. Having spent some time with @Nicolas_Colin on his new book HEDGE about #tech, #entrepreneurship, social #policy and the future of the Safety Net, I'm sharing some things that stuck with me, and why HEDGE is one for the ☀️📚📝 #readinglist amazon.com/Hedge-Greater-…
1/ @Nicolas_Colin is thought-provoking not least because of his vantage point - graduated from the French ENA, worked at the top of the French civil service, set up his own company, and invests in startups all over 🇪🇺 with @_TheFamily
2/ Im not one for party politics, and HEDGE isn't about that. It's a book that speaks to the zeitgeist of the #techlash and ways for #startup #founders and #politicians to think about smart, sensible policies to build an inclusive Safety Net 2.0 📖
Read 14 tweets
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Banyak banget yang nanya, ngerjain startup tu asik ya? Gw share dikit ya ilmu gw di per-startup-an selama 13 tahun terakhir. Bakal panjang ya jadi sabar-sabar ngikutinnya
Gw yakin banyak banget di sini yang ngebayangin jadi kaya Mark Zuckerberg gara-gara nonton the social network. Bikin startup tidak seindah itu, apalagi jaman sekarang, PENUH PENDERITAAN. Iya lo ga salah baca. PENUH PENDERITAAN. Tapi bukan berarti ga asik kok sob nanti lo liat
Pengalaman startup pertama gw dimulai tahun 2005. Startup pertama gw adalah sebuat software house. Jaman itu masih ngenes lah. Kenapa ngenes? Itu jamannya masih kalo lo di bidang IT harus bisa jadi superman yang bisa segala macem dan dibayar serendah mungkin
Read 175 tweets
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Seeing @realFemiOtedola in a molue and reading funny comments made me think about a subject in my #startup class; Crafting an #ElevatorPitch. What if you find yourself seated next to Otedola on a bus. How can you pass your message if he's getting off the bus in 30 seconds? Thread
An #ElevatorPitch is basically a 15-30 second speech that succinctly explains to people who you are, what you do or what you’re seeking. The idea is that you can deliver your pitch to someone in the amount of time it will take an elevator to get you both where you're going
In this case, molue or danfo or train or even okada. 2019 is coming who knows what billionaires will do or where they will go in the next few months, as @OgbeniDipo will say, ji masun #ElevatorPitch
Read 22 tweets
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I feel like driving up some controversy, so how about a thread of Hot Takes/Unpopular Opinions! You know the drill, one like = one take/opinion.

Start easy: the blunt awkwardness/cringe of 'Blurryface' is the point of taking the piss out of Tyler. I stand by my light 9/10.
2. I don't hate Nickelback's 'Dark Horse' - it's easily a record for them at their most tasteless, but the frat-bro swagger of it helps some of their better hooks.
3. 'Fireflies' by Owl City is a genuinely terrific song that captures precocious, starry-eyed wonderment better than few others in the 2000s.

It is SPECTACULARLY lame, but that's why it works.
Read 177 tweets

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