Thread by @thecodemancer_

💡Seven ways to become a more effective founder

Credits to @GoogleStartups

#startups #founders

🧵[1/x]

🚨⚠️People issues are the biggest risk to funded startups.

55% of startups fail because of people problems, according to a study by Harvard, Stanford, and University of Chicago researchers.

🧵[2/x]

1. Minimize unnecessary micromanagement

Micromanaging can be helpful in certain situations, the most effective leaders aim to delegate work in order to scale both themselves and their businesses. Our data suggests that micromanaging can be a fatal flaw for CEOs.

🧵[3/x]

Treat people like volunteers

The best people are like volunteers—they’ll work passionately for a hard, meaningful mission. They
also have options. As the adage goes, people leave bosses, not companies.

🧵[4/x]

Invite disagreement

You want a conflict of ideas, not personalities. Our data suggests that founders consistently undervalue
giving teams an opportunity to voice their opinions, while employees value it highly. Encourage open team
dialogues early and often.

🧵[5/x]

Protect the team from distractions

While founders are typically seen as distracted by new ideas, the best ones create focus and clarity. Set clear goals and priorities to build momentum for your team, which in turn fuels better performance and morale.

🧵[6/x]

Keep pace with expertise

Leaders need to know enough about each role to hire the right people and help develop their team. 93% of the most effective founders have the technical expertise to effectively manage the work.

🧵[7/x]

Preserve interpersonal equity

Violated expectations are the main source of conflict. The most effective cofounders openly discuss and document what they expect from each other and constantly check for interpersonal equity—do both of you feel that expectations are fair?

🧵[8/x]

Overcome discouragement

While most would expect self-confidence to grow with time, our data suggests that the most effective founders are not nearly as confident as the least effective. Build a support system and know how to ask for help in order to overcome doubt.

🧵[9/x]

I tweet about my journey to the data world and some resources along the way. Follow @thecodemancer_ for more!

Github:
github.com/thecodemancer

Linkedin: linkedin.com/in/davidregala…

Medium:
davidregalado255.medium.com

🧵[10/x]

@threadreaderapp unroll