Business Archives - Page 17 of 72

Why I Just Love Executive Recruiters

Posted on March 25, 2008 ·

I don’t. I’ve been on both sides, as hiring authority and as candidate, and I’ve never hidden my opinion that far too many of them have no clue what they are doing. Like this one who sent me an email solicitation today:

The Company is a leading provider of novel posterior non- fusion spinal implant solutions for the global spine market…

Vice President, Finance & Chief Financial Officer

The Vice President, Finance & Chief Financial Officer is a new position. In addition to the normal financial reporting acumen, the ideal candidate will be expected to have experience in capital formation, specifically the Initial Public Offering (“IPO”) process, and mergers and acquisitions (“M&A”).

Well, thank you Mr … I don’t know how I got on your list, but if you had even remotely checked my profile, you’d know there’s zero fit here. You should get a job – outside recruiting.

P.S. Yes, I know there are good firms, and there is a need for them, and I duly respect the good ones. But this profession is overdue for a housecleaning.

Filed Under: Business · Tagged: executive recruiting, hiring, recruiting

Apple’s Sneakiness Did Not Start Today

Posted on March 21, 2008 ·

The entire blogosphere is up in arms against Apple, for their attempt to sneak the Safari browser onto Windows machines, via Apple Update. Everybody is shocked, after all we’re more used to such behavior from the (Micro)Borg, but Apple are supposed to be the good guys…

Except they aren’t, and have never been. The sneakiness hasn’t started today, it just went unnoticed for a good reason. What’s wrong with the screen image below?

Safari selected as default? Nope. Nothing new there, that’s what everybody’s talking about today. What’s really wrong is the selection of iTunes. Wait! – you may say, this is the iTunes update program in the first place … Wrong!

I happen to be one of those weirdos who don’t have iTunes on my computer. This is a Vista PC (no, I am not happy with it, but that’s another story) and I’ve never ever had iTunes installed. In fact I don’t like to have Quicktime either, for its stickiness (close to impossible to kill if off the systray), but I need it as some videos are only available in this format.

But why is this thing pushing iTunes on my machine, without any config option to unselect it once and for all? It’s just as much of an aggression as the Safari invasion today.

Now, it’s the top of TechMeme – but where is FSJ?

Update (3/22): A commenter below warned:

Be careful not to touch the “Thin Skin of Apple Fans”.:-).

Boy, was he right. Look at otherwise reasonably objective Dennis Howlett come to Apple’s defense, who is turning it into a Mozilla issue, talks about “Badmouthing the competition”. Dennis, you know Apple is out of line, if this was Microsoft, you and I both would condemn it, like we did in the past.

Filed Under: Customer Service, Software, Technology · Tagged: Apple, browser, firefox, ie7, iTunes, microsoft, Safari, software update, update

Launch: Silicon Valley 2008 – Call for Startups

Posted on March 21, 2008 ·

Startup Entrepreneurs who did not make it to the recent Under the Radar event, here’s your second chance: join us at Launch: Silicon Valley 2008, co-presented by SVASE and Garage Technology Ventures and Microsoft.

In fact it will be more than a second chance: while the UtR event focused specifically on the business-oriented web applications, Launch 2008 is designed to uncover and showcase products and services from the most exciting of the newest startups in information technology, mobility, security, digital media next generation internet, life sciences and clean energy. The inaugural Launch event was in 2006, combined with Guy Kawasaki’s Art of the Start conference.

Are these events worth attending? It’s your call … all I can say is 5 of last year’s presenters received venture funding, in aggregate of $30M.

So if you are building the Next Great Business in the areas mentioned above, are (almost) ready for launch, meaning that by June 10th, 2008 you will have a product or service available, but have not been out in the marketplace for more than a few months, then by all means send an Executive Summary of no more than 2 pages to Launchsv@svase.org. Submission deadline: May 9th, 2008. (Garage Technology offers a useful Writing a Compelling Executive Summary guide.)

Last year over 170 companies from all around the country and even overseas applied, so clearly the presentation spots are in high demand. Based on the submissions up to 30 companies will be invited to present at the Launch: Silicon Valley 2008 event on June10th at the Microsoft Campus in Mountain View, California. Presentations slots are 10 minutes, running in 6 sessions of 5 companies each. Each presenting team will also be assigned a cocktail table in the Networking Room where they can meet with interested audience members one-on-one to answer questions and explore possibilities.

Guy Kawasaki will deliver the opening Keynote, while the closing keynote will be by Tim Draper, Managing Director of Draper Fisher Jurvetson.

The evening before, on June 9th the presenting companies, registered audience and selected bloggers and media will be invited to a Pre-Event Party at a prestigious location in Palo Alto, providing a further opportunity for networking with Silicon Valley’s movers and shakers.

Here’s a list of companies that launched new products/ services at last year’s Launch Silicon Valley event:
BooRah, Catalog Data Solutions, ClearlyBest.com, Connectance, Datamash Corp., Data Robotics ($10MM venture financing, Q3 ’07), DivinR, d.light design, Eyejot, fix8, Fog Screen,GroupScope, H3.com, Industrial Origami, Jaxtr ($9MM venture financing, Q3 ’07), Kongregate ($5MM venture financing, Q3, ’07), LogSavvy, MyShape (Undisclosed venture financing, Q3, ’07), Nuvora, Ready Solar, Redwood Renewables, Sensl, Shapewriter, Smaato, SnapJot, Spresent, TelId, Truemors, Wrike, and Yodio.

So if you are a qualifying startup Founder, remember the deadline: May 9th. Registration fee (incl. Networking Table + 2 tix) for the invited finalists is $695 if SVASE members, $850 otherwise. For audience members, Early Bird registration is available at $145 / $195 until May 19th, after which only full price registration will be possible. For additional details and later for updates check http://www.launchsiliconvalley.org/.

Guy Kawasaki called Launch: Silicon Valley “the poor man’s Demo”. SVASE proudly wears that badge, since we’re bringing this event at a price that won’t keep any startups away. It’s your turn now: send in the Executive Summary and launch with us in June.

Update (3/21): I was just informed that the SVASE site as well as launchsiliconvalley.org is down, and will likely be so for the next 48 hours. Bummer, apologies for the inconvenience. In the meantime, Executive Summaries can still be sent to Launchsv@svase.org, and the , Early Bird registration works, too.

Filed Under: Bay Area, Social Networking, Startups · Tagged: Art of the Start, business events, DealMakerMedia, Demo, entrepreneurship, Garage.com, guy kawasaki, IBDNetwork, launch silicon valley, microsoft, product showcase, SDForum, silicon valley, Social Networking, startup pitch, Startups, SVASE, Under the Radar, UtR, vc, vc Funding, venture Capital

Under the Radar Conference in Two Days – Save $100 Here.

Posted on March 18, 2008 ·

Under the Radar is the Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media, covering business applications, social media, entertainment, mobility..etc. The next conference, focusing on The Business of Web Apps: Where the Web Goes to Work is only two days away and Dealmaker Media allowed me to announce a few discounted tickets. Enjoy the $100 blogger discount by registering at this link only.

32 startups will present in a rapid-fire format (correction: American Idol format) they are grouped in categories of 4 each, in two parallel tracks (yes, you do have to pick one, but can switch back and forth), and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced.

The categories and the selected startups are:

Track 1

Track 2

Business Calls

Virtualization

Get Aggregated

Manage Up

Happy Customers

Virtual Worker

Work Together

Marketing and Measurement

Last year I was on the Selection Committee to the Under the Radar Office 2.0 event, and as such reviewed over a hundred companies / products. Obviously not all could make it, so I am especially pleased to see some of them on this year’s list. Of course the real measure of success is that several presenters have since received funding, gained significant brand recognition and customers. Some are back this year as Graduate Circle sponsors:

Other than the presentations, these events are also an excellent networking opportunity amongst the 400 or so attendees, so let’s look at the attendance statistics by provided by Dealmaker Media:

Concluding the Conference, Robert Scoble will be hosting a fireside chat with Amazon’s VP & CTO, Werner Vogels to discuss the future of apps in the cloud…where its heading, who will dominate and what you should be doing now to get ahead.

The event ends with a cocktail reception, and – here’s the bonus – participants are also invited to the Opening Reception the night before at Palo Alto’s Zibibbo.

So what are you waiting for? Grab a discounted ticked while they last.

Last, but not least, this year’s Selection Committee:

Filed Under: Bay Area, Business, Social Networking, Startups · Tagged: DealMakerMedia, entrepreneurship, IBDNetwork, marketing, networking, startup pitch, Startups, Under the Radar, UtR, vc Funding, venture Capital, zoho sheet

Why Startups Shouldn’t Bother About NDA’s

Posted on March 17, 2008 ·

OMG, this must be Recurring Themes Day. Just done with the Your Blog is Your Resume theme (this one pops up about once a year with almost predictable regularity), and am now worried about Alexander Muse’s health. He’s a healthy strong man, but wants to shoot himself if he receives another NDA. He quotes Rick Segal (sorry, Rick for taking it verbatim, it’s just too entertaining…):

VC firms typically do not sign NDAs for first looks/meetings.

VC firms typically do not sign NDAs with promises not to evaluate the same or similar businesses included.

VC firms typically do not sign NDAs with 5 year no contact clauses included.

VC firms typically do not sign NDAs with promises to report any contact with competitive businesses included.

Rick is a Canadian VC, and his firm has received 35 NDA’s so far this year. But here’s the best part from his post:

Repeat this 10 times before you go to bed tonight:

I will not send an unsolicited beautiful leather bound binder with 600 hundred pages of detailed business, marketing, competitive, and financial information about my business along with an unsigned NDA and a request for it to be signed and returned to any VC.

It arrived in my office on Thursday and the binder was off the charts nice.

Don’t ever do it. Really. Just send the nice leather binder without all the crap. Unless you’ve discovered a new Conspiracy Theory (but you wouldn’t send that to a VC, would you?) don’t send hundreds of pages. Your page limit for first contact is one, perhaps two.

Back to the NDA theme, now that we’ve seen how VC’s hate them, let’s look at why startups shouldn’t bother about them anyway:

As an Entrepreneur it is often in your interest to share WHAT you do, as a way to solicit feedback, concept validation
If there is a “secret sauce” of HOW you will do it, you should not share it anyway, NDA or not – not until further down the road as part of due diligence with a committed investor
Since it’s commonly known that investors do not sign NDA’s, asking for it is akin to displaying a banner: “Newbie Here”

These were originally Dharmesh Shah’s points, and my addition:

If the information you reveal during the presentation is enough for a competitor to jeopardize your position, than you really don’t have anything substantial to justify an investment. Your time would be better spent on product development.

Finally, a side-note to Alex (and all): RFP’s are also a waste of time. Extraordinary effort on formalities, and most RFP’s are issued as CYA, to cover up the fact that the prospective Customer already has a preferred vendor / solution provider. If you’re in the public sector, there’s no way around them, otherwise avoid RFP’s – there’s always other business to go after.

Filed Under: Business, Startups · Tagged: Angel Funding, Confidentiality, entrepreneurship, Intellectual Property, IP, Market Validation, NDA, Non-Disclosure, RFP, Startups, vc Funding, venture Capital

Resumes Are Dead. Your Blog is Your Resume. (Still).

Posted on March 17, 2008 ·

I haven’t updated my resume for at least 3-4 years now. (There must be some old versions floating around, as just a few days ago a recruiter solicited me for a SAP Implementation Project – she must be especially dumb, not noticing the decade-old timestamp on my SAP qualifications.) But back to resumes: I don’t need one, and neither do you.

Even in the “old days” of writing resumes any recruiter would confirm that the single best way of landing a job was through your personal network. Top Executives, genius engineers, star salesmen, well-published academics don’t ever need to look for a job: they get invited. It’s always better than knocking on the door. Or many doors.

But now Seth Godin sets the same rules even for applicants to his internship:

Having a resume begs for you to go into that big machine that looks for relevant keywords, and begs for you to get a job as a cog in a giant machine. Just more fodder for the corporate behemoth. That might be fine for average folks looking for an average job, but is that what you deserve?

If you don’t have a resume, what do you have?

How about three extraordinary letters of recommendation from people the employer knows or respects?
Or a sophisticated project they can see or touch?
Or a reputation that precedes you?
Or a blog that is so compelling and insightful that they have no choice but to follow up?

We’ve looked at the two extremes: the top 5% whose personal reputation and network carries them on, and those who can’t really have a meaningful resume, since – unlike Ben – they are barely starting their careers. But in between is the rest of us, average Johns ad Janes, who probably have some achievements, are remarkable in one way or another … if only the world knew about it! Well, that’s the point! Most of us don’t have an extensive enough personal network, or they may be geographically dispersed, or they may not be in the right position… so how to get the word out?

Blogging changes it all. If you’ve been blogging for years, you certainly did not do it with a particular job in mind; your blog is likely to be a true reflection of who you really are, what you are an expert in, your communication skills, your priorities … YOU as a whole person, not as a candidate for a specific job – the brand called You. That’s certainly better than a resume, which is likely tailored for a particular job, and let’s face it, often “cosmetically enhanced” – no wonder it ends in the waste-basket.

You don’t have a blog? Why? Don’t you know the best time to market yourself is when you don’t need it?

Tom Peters has been saying for years:

“Regardless of age, regardless of position, regardless of the business we happen to be in, all of us need to understand the importance of branding. We are CEOs of our own companies: Me Inc. To be in business today, our most important job is to be head marketer for the brand called You“

My friend and fellow Enterprise Irregular Roth Boothby argues:

“…hiring a blogger is a lower risk proposition because you have more information and a better idea of how they are going to perform.”

He should know – he got hired twice, based on his blog. By the way, I really envy Rod’s charting skills:

It’s never been easier to build that Brand Called You: if you’re still not doing it, what are you waiting for? Start your blog today!

(hat tip: BL Ochman)

Filed Under: Blogging, Marketing / PR, Social Networking · Tagged: Blogging, blogs, brand called you, brand you, branding, brands, career, career development, career management, innovation creators, personal brand, resume, rod boothby, seth godin, tom peters, tompeters

Zoho People: Will it Disrupt or Fail?

Posted on March 10, 2008 ·

Zoho, best known for their Web-based Productivity (Office+) Suite today released Zoho People, a feature-rich On-Demand HRMS – Human Resources Management System. For the product introduction please read my previous post, while here I focus on business analysis, specifically on what this move means to software sales in general.

Today’s product announcement signifies a departure from what Zoho has been known for so far, in a number of ways. Their primary reputation is being the best Web-based Office / Productivity Suite provider – People is clearly a process-driven, transactional system with “enterprisey” features: organization levels, work-flow, permissions…etc.

It’s not an entirely new field for Zoho though, as their CRM solution has been gaining traction for years now – both in terms of new customers as well as converts from the market leader. (See chart with full list of Productivity and Business Apps). As a matter of fact, I’ve often stated calling it CRM is an understatement: with Sales Order Management, Procurement, Inventory Management, Invoicing it’s really more of a mini-ERP. Add to it Accounting and HCM and Zoho can come up with an unparalleled Small Business Suite, which includes the productivity suite (what we now consider the Office Suite) and all process-driven, transactional systems: something like NetSuite + Microsoft, targeted at SMB’s, perfectly rhyming with Zoho’s stated objective of becoming the outsourced IT for small businesses.

Except… well, Zoho People is not a small business system. All you have to do is look at some of the organizational setup, or processes, like holiday, training, leave requests, company policies to realize that this system is ideally suitable for organizations with a few hundred employees and more. (The “M” in SMB, whereas most of Zoho’s focus has been on the “S” until now). So it’s a departure from Zoho’s traditional target market, and by its very nature it’s not a system individuals or small groups would just start to use in an ad-hoc manner. It’s a system to be introduced by HR for the entire company.

Bringing an enterprise system to the market typically requires a different approach, a coordinated marketing and sales effort, supplemented by consulting and support – i.e. all the extra weight that makes enterprise software “big and fat”. Yet Zoho just throws it out in the open, like they did with Writer, Sheet or any one of the dozen or so productivity tools. They have no clue how to market enterprise software! – one might say… and do they, really?

Simply announcing enterprise software without marketing and sales is certainly a risky proposition. Any startup that does with their main product is doomed to fail. Yet Zoho can afford an experiment. The new HCM system is just one product in their portfolio, in fact the entire Zoho portfolio is just a big experiment of the parent company, privately held and profitable Adventnet. CEO Sridhar Vembu repeatedly stated his mission is to commoditize software, delivering it to large masses at previously unseen prices.

There’s all this talk about how SaaS changes the economics of Software – pull vs push process, try-and-buy vs. the expensive enterprise sales process; but it mostly refers to the SMB space. The try-and-buy, self-serve model is almost unheard of amongst larger organizations and more complex software. It traditionally needs more cajoling and hand-holding. But why not break away from tradition? Why should all innovation stay on the product side? Zoho goes the extra mile to make the new system more “consumable”: screenshot tours, demo videos abound. Of course disruptive pricing does not hurt, either.

If Zoho People fails to gain traction, so be it: the company will likely focus on their main avenue of becoming the IT provider for SMB’s, integrate features from People into Zoho Business and CRM, and figure out how to crack the HCM market later. If, however it starts gaining traction, it’s a good signal to the entire SaaS industry: an indication that transparency, online information and help works, the try-and-buy model may just be feasible even with larger organizations, which, for the first time will buy Software as a Service instead of being sold to by pushy enterprise sales teams.

(Disclaimer: I am an Advisor for Zoho.)

Filed Under: Business, Enterprise Software, SaaS, SMB / SME · Tagged: Enterprise Software, hcm, hris, hrms, On-Demand, pull-model, SaaS, software sales, try-and-buy, zoho, zoho crm, zoho people

Zoho Enters Human Resources Market with Zoho People.

Posted on March 10, 2008 ·

(I broke up my originally long post into two pieces: this one about the product announcement, and the next one with the business analysis)

Zoho, best known for their Web-based Productivity (Office+) Suite today released Zoho People, a feature-rich On-Demand HRMS – Human Resources Management System.

Several modules support the work of managers, HR professionals:

Organization for defining corporate and departmental structure
Recruitment for managing recruitment processes and maintaining resume databases
Checklist for defining business processes and workflows in the organization
Forms for defining custom business forms using the integrated Zoho Creator
Dashboard to overview it all

All the setup, be it form changes, new forms or field, org chart changes ..etc happens via a friendly drag-and-drop interface.

While all the above is for Management, HR, perhaps Training, Travel professionals, most “regular” employees in a company would only access the Self Service Module, which is split to an Employee and a Manager Self-Service section. Requests can be sent to the HR department on job openings, employees can submit information like Expense Reports, Vacation, Training Requests to the relevant departments/managers as pre-defined in the workflow…etc.

For a detailed feature overview, watch this demo video.

Zoho People from Raju Vegesna on Vimeo.

The application is currently in Beta, and for the Beta period it will be free, independent of the number of users. After the Beta pricing will likely involve a dual scheme, with ad-hoc users (regular employee accessing Self Service) paying less than full users (typically HR professionals.) While no numbers have been announced, Zoho claims the blended price level will be disruptive – something to the scale of Zoho CRM, which is about 10% of the cost of it’s main competitor.

Talk about CRM, it’s worth mentioning that while Zoho’s fame comes from the Office Suite (or the extended suite of Productivity Apps), this is not their first foray into business applications. Zoho People joins Zoho CRM, Zoho Meeting, Zoho Projects and Zoho DB. Below is an overview of the entire Zoho Portfolio:

Please read my next post for a business analysis on what Zoho’s entry to the HCM space means.

(Disclaimer: I am an Advisor for Zoho.)

Filed Under: Enterprise Software, Personal Productivity, SaaS, SMB / SME · Tagged: employee self-service, Enterprise Software, hcm, hris, hrms, On-Demand, SaaS, zoho, zoho crm, zoho people

The Microsoft Vista Fiasco: Who is Evil Now?

Posted on March 9, 2008 ·

Yes, it’s a harsh title. Yes, I’ve long been critical of Vista. But so far I thought it was just incompetence, the Behemoth having lost their edge. Naive me… this piece in The New York Times is a true eye-opener.

It starts with what appears to be average users’ stories (bare with me, it gets better):

Jon upgrades two XP machines to Vista, only to find none of his peripherals work anymore
Steven confirms drivers are missing in the entire ecosystem
Mike buys a “Windows Vista Capable” laptop which turns out to be a $2,100 email machine, as it doesn’t run his favorite programs, and only can handled the castrated version of Vista that shouldn’t exist in the first place.

If these users didn’t know better, I wonder who should. They are all senior Microsoft Execs:

Jon A. Shirley, a Microsoft board member.
Steven Sinofsky, Microsoft senior vice president responsible for Windows.
Mike Nash, a Microsoft vice president who oversees Windows product management.

They and several other Microsofties warned about the consequences of reducing the original strict hardware requirements and labeling underrated computers as Vista Capable:

The decision to drop the original hardware requirements is accompanied by considerable internal protest. The minimum hardware configuration was set so low that “even a piece of junk will qualify,” Anantha Kancherla, a Microsoft program manager, said in an internal e-mail message among those recently unsealed, adding, “It will be a complete tragedy if we allowed it.”

That this would result in disaster was foreseeable:

“It would be a lot less costly to do the right thing for the customer now,” said Robin Leonard, a Microsoft sales manager, in an e-mail message sent to her superiors, “than to spend dollars on the back end trying to fix the problem.”

He and others were not listened to. Now Microsoft is facing a class action lawsuit: nothing new to the Redmond giant, just a calculated risk. “Where does Microsoft go to buy back its lost credibility?” asks The New York Times.

Nowhere. They stopped caring a long time ago. The Monopolist does not have customers: they have loyal subjects used to pay their taxes to Microsoft. Except that they are not that loyal anymore, and there are visible cracks on the walls of the empire. There is Linux, Mac OS, Web Applications – customers are slowly realizing they actually have a choice. Choice is the end of all monopolies, it’s just a matter of time. The Borg could slow the process by trying to be user-friendly, at least pretend to care about customers. Deceptive behavior like this shows they don’t care. They are digging their own grave.

(Please, don’t get me started on how profitable Microsoft is doing – I am talking about a trend, and it takes time….)

Filed Under: Business, Software · Tagged: microsoft, microsoft lawsuit, monopoly, vista, vista capable, vistasucks, windows vista

Oops, They Fired All Their Workaholics

Posted on March 8, 2008 ·

Wow, quite a firestorm on a weekend over whether startups should hire only workaholics or not. It’s tip #11 on Jason Calacanis’s How to save money running a startup list that ticked off many readers:

Fire people who are not workaholics. don’t love their work… come on folks, this is startup life, it’s not a game. don’t work at a startup if you’re not into it–go work at the post office or starbucks if you’re not into it you want balance in your life. For realz.

The edits show how Jason re-wrote this point after harsh criticism like Calacanis Fires People Who Have A Life on TechCrunch and Fire the workaholics by 37Signals. I don’t think he had to edit it, anyone who had been at a startup, who understands startup dynamics should “get it”.

He is talking about the need to have highly passionate team members, who at a certain stage of their life and the startup’s life are willing to – and happy to – shift their priorities. You can’t force people to be workaholics, all you get is slaves in a sweatshop, and that not only causes burnout, it does not produce quality results anyway. David at 37Signals is right:

If your start-up can only succeed by being a sweatshop, your idea is simply not good enough. Go back to the drawing board and come up with something better that can be implemented by whole people, not cogs.

Agree. But great founding teams are often made up of workaholics – it has to come from the fire within, not forced. These guys locked up in a live-and-work apartment probably did not have 8-hour workdays, yet didn’t look too unhappy. A year later they are growing, picked up two rounds of funding, have 20 employees and even put TechCrunch in the toilet. I don’t expect their 20th employee to be just as passionate as the Founders, but it can’t be a 9-5 type person either. At this stage they still need driven Team Members, not simply employees.

Most startups that grow to a certain point will lose this team atmosphere at some point. They will start to hire more “regular employees”, many of whom are opportunity seekers, in for quick ride, ready to jump ship any time. Too bad, but it’s a fact of life.

Not everywhere, though. 37Signals is still a small team (by choice) but not really a startup anymore. They seem to have found the golden balance between work and life, having introduced 4-day workweeks, funding team members’ passions, be it flight lessons, cooking classes…whatever. I don’t think they whine if (when) the occasional crunch comes. Another “startup” (not really, anymore) I often write about is Atlassian: at $30M revenue and 130 employees they still preserve a unique culture, do a lot of programs together, and generally working there is a lifestyle, not just employment.

The above two have something in common, other than having good products: they did not take VC investment. They can pretty much do whatever they like. Maintaining a great team is no just a means to business, it’s part of their ultimate purpose.

The weekend firestorm comes completes a full circle: in a second TechCrunch article Mike Arrington comes to Calacanis’s defense: Startups Must Hire The Right People And Watch Every Penny. Or Fail. This is a very good article, I wholeheartedly agree with it. And while at it, let me also refer you to Startups: Executive Hiring Challenges or Beware of the Suits.

On a lighter note, the CEO of another self-funded former startup, Zoho apparently heeded 37Signals advice, and fired all his workaholics.

(Not really… Watch out for a major product announcement next week.)

Update: This quick rant by Bob Warfield is worth reading: Startups Need Starters

Filed Under: Startups · Tagged: 37signals, atlassian, box.net, calacanis, entrepreneurship, startup hiring, Startups, toondoo, Venture Funding, work-life balance, workaholics, zoho