I have been fortunate enough to work for 3 exceptional startups, invest in a few more, interview several on our podcast, and over the last 3 weeks, attend the board meetings of 4.
A few things are very clear to me.
Exceptional startups do things very differently from the median startup (and of course the median startup is a failure), and once you see how different an exceptional startup is, you wonโt settle for working for, investing in, or joining anything less.
A large part of my job is to study what makes these startups exceptional, and then do all I can to be good enough to attract them and invest in them. I have written a bunch about these types of startups. First I shared 5 elements of exceptional startups. Then I shared the #1 trait of an exceptional startup (intensity).
Today I want to expand on these two posts and share 20 habits these startups tend to have.
Exceptional Startups:
- Beat and raise expectations.
- Recruit top talent obsessively.
- Ship product incredibly fast.
- Obsess over product quality.
- Are allergic to bureaucracy.
- Work long hours.
- Donโt waste time at useless events.
- Donโt burn money inefficiently, if at all.
- Create enduring enterprise value.
- Have healthy conflict.
- Have a beautiful websites and pitch decks.
- Write clear copy.
- Fire fast.
- Have cult-like employee enthusiasm.
- CEO replies instantly.
- CEO is directly talking to many customers every week.
- Leaders arenโt empty suit executives.
- Have competitive, aggressive engineers.
- Turn crisis into momentum.
- Are intense.
A few sentences on each of these below.
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