Author, Investor, Speaker, Mentor
Here’s a great item from Eric Barker’s Bakadesuyo blog: http://bit.ly/HxinYf “People were asked how much they trust others on a scale of 1 to 10. Income peaked at those who responded with the number 8. Those with the highest levels of trust had incomes 7% lower than the 8′s. Research shows they are more likely … Continue reading Trusting Too Much Is Better Than Trusting Too Little
I work hard to be trustworthy. Partly, this is because it’s the right thing to do (darn my inconvenient morality!), but partly this is because it has real business benefits. When most of us think about the value of being trustworthy, we think that the key driver of value is that people believe us. In … Continue reading The Power Of Being Trusted
I read a recent IO9 blog post about the superiority theory of laughter with some interest: http://bit.ly/1gQfZJl “The most dominant theory about why people laugh at each other also happens to be the meanest theory. It’s called the superiority theory of humor, and it goes all the way back to the classical Greeks. (Everyone knows … Continue reading Humor is about Superiority…and Inferiority
There’s a lot of agita around the supposed plague of wantrepreneurs–posers who are into being entrepreneurs because it’s trendy, rather than because they want to build real businesses. This Fortune piece is a good representative of the genre: http://bit.ly/1f5EX8n “Wannabe entrepreneurs with laptops hog up the physical and digital bandwidth of the Valley right now,” … Continue reading Why I Don’t Worry About Wantrepreneurs
Sendhil Mullainathan and Eldar Shafir recently published their book, “Scarcity: Why Having Too Little Means So Much.” I even wrote about them when I pointed out that busy professionals, like the working poor, face a scarcity–but of time, rather than money. http://bit.ly/1g1Pnod I wish I could say that I’ve already read their book, but alas, … Continue reading Escaping the Scarcity Trap
One of the reasons that VCs and angel investors often get swelled heads is the fact that people kiss our asses all day. It feels good to have smart, talented people speak glowingly of your wisdom and plead for your help. But the dark side of having money is the doubt it creates. If entrepreneurs … Continue reading The problem with having money
The myth of Silicon Valley is that it is a perfect meritocracy where things like wealth and class are irrelevant. The truth is that while Silicon Valley and the startup world are better than most other institutions, wealth and class still play a role. The vast majority of entrepreneurs are young, well-educated, well-off men, who … Continue reading Wealth, Class, and the Startup World
I am a product guy, dating back to my days as a design student at Stanford. I’ve been a fan of Clay Christensen ever since “The Innovator’s Dilemma,” and even interviewed him for the student newspaper when I was a Harvard Business School student. Which is why I’m shocked that I hadn’t heard of Clay’s … Continue reading What job are people hiring your product to do?
Atul Gawande is a wonderful writer who happens to be a doctor. His last book, “The Checklist Manifesto,” was a best-seller that focused on the power of simple checklists to change behaviors. Yet his latest article in the New Yorker, “How Do Good Ideas Spread?” focuses on the limits of the relatively simple checklist approach: … Continue reading Behavior Change comes from the Human Touch
Inc Magazine recently ran a great piece on “The Psychological Price of Entrepreneurship.” http://bit.ly/15avBVM The piece, which includes some revealing stories from entrepreneurs who found themselves on the brink, touches on some of the psychological reasons why entrepreneurs are particularly vulnerable, such as their tendency to feel emotions more strongly and take more risks than … Continue reading The Overlooked Reason Entrepreneurs Are Vulnerable To Depression