What avoidable problem destroys more young startups than any other? Why is it a mistake to ask for introductions to investors? When do you play the CEO card? Should you sell out?
Author and four-time founder/CEO Dan Shapiro tells the stories of dozens of startups whose companies lived and died by the advice in these pages. From inception to destruction and triumph to despair, this rollercoaster read takes aspiring entrepreneurs from the highs of billion-dollar payouts and market-smashing success to the depths of impostor syndrome and bankruptcy.
Hot Seat is divided into the five phases of the startup CEO experience:
Founding explains how to formulate your idea, allocate equity, and not argue yourself to death
Funding provides the keys to venture capital, angels, and crowdfunding, plus clear advice on which approach to choose
Leadership lays out a path to build a strategy and culture for your team that will survive good times and bad
Management reveals how to manage your board, argue with your team, and play the CEO card
Endgame explains how to finish a company's existence with grace, wealth, and minimal litigation
Dan Shapiro is the CEO and cofounder of Glowforge, a startup that's creating the first 3D laser printer. Dan's also the primary turtle wrangler at Robot Turtles, LLC, a company created when he accidentally launched the bestselling boardgame in Kickstarter history. Dan spent the previous two years leading a Google subsidiary that operates comparison shopping products. Shapiro landed at Google when they bought his previous company, comparison shopping website Sparkbuy. Before Sparkbuy, Shapiro was founder and CEO of Photobucket Inc. (formerly Ontela).
Dan's been featured on NPR, the Wall Street Journal, and on the front page of the New York Times. His game, Robot Turtles, can be purchased everywhere from Target to MOMA. He is a mentor for the Founder's Institute, 500 Startups, and Techstars. He has been awarded eleven US patents, and received his B.S. in Engineering from Harvey Mudd College.
useful for anyone who wants to understand startups
About Me Developer
Easy to understand
Comments about oreilly Hot Seat:
The best book I have read in quite some time, I totally recommend it. I think it's useful for anyone who wants to understand what goes on in the startup world, or who works at a startup.
I love this book because it's full of information – like what is a cap table? Where should you incorporate? (DELAWARE) What is convertible debt? What does a CEO actually do? Most of all it's full of stories, some of them Dan's, some about other people. And, I love this, many of these stories are about women. Dan included some wisdom from his mom about communicating (and it's really good) but also a ton of stories of female founders, and co-founders, and CTOs, doing their thing and being awesome.
It's so good that I read it in a 6 point font (preview copy - PDFs on Kindle – ai!) in about a week, re-read it again ~6 months later, and have been buying a copy for someone else ~monthly, often because people are asking me for advice that I think the book is a far better resource for.
Finally, masterful use of footnotes. I was so inspired by this that I have actually started using them.
Bottom Line Yes, I would recommend this to a friend