It is a cold, hard fact of business life that most startups fail. Even many of those entrepreneurs who ultimately succeed have stories of personal challenges, unsuccessful companies, and difficulties along the way. The founders of TechStars, a mentorship-driven startup accelerator, have worked with entrepreneurs and companies over the past twenty-five years, and have seen a number of the same issues come up again and again.
In Do More Faster, the founders of TechStars identify the key issues that first-time entrepreneurs encounter, and offer proven advice from successful entrepreneurs who have worked with the TechStars program.
The authors organize the most critical issues into seven themes: Idea and Vision, People, Execution, Product, Fundraising, Legal and Structure, and Work and Life Balance. Many of the examples are personal experiences from the entrepreneurs themselves, integrated into a cohesive narrative - while at the same time able to stand on their own. Throughout the book, they debunk numerous myths about startups and reveal some surprising truths. They explain, for instance, that the core of a startup is not always a world-changing and earth-shattering idea - in fact, it is often the case that successful startups started out doing something else.
They also underscore the efficiency of execution: great entrepreneurs know how to synthesize data, make a decision about the path they are going down, and execute. And they offer some alternatives to traditional ways of raising money, while stressing that you shouldn't start with the assumption that you need to raise money.
Mastering the seven themes may not ensure success, but understanding the issues, reading the stories, and getting advice pertaining to these issues will increase your chances dramatically. And if nothing else, you'll realize that you aren't alone in facing these challenges.
©2010 Brad Feld, David Cohen (P)2011 Gildan Media Corp
"Remember when experience mattered? Thanks to this book, no matter how new to your field or how young or inexperienced you are, you can learn from people who have actually done it. Sure beats failing." (Seth Godin, author of Linchpin)
Completely disagree with the reviewer that said this is an infomercial for tech stars. It's a case study format, and the case studies come from tech stars experiences.
The authors of this book run a well-respected program for high tech entrepreneurs, but even if you're a not a software person, the tips in this book about starting, running, and planning a business are extremely valuable. So many of the chapters stick with me months after I listened, especially "fail fast." Some tips are complex and structural for how to set up a business. Other tips are light such as "don't suck at e-mail." A great education.
I think learned the most from Alex White's multiple stories. No wonder he features so prominently in the book--he's a really smart businessman.
Everyone in the startup world and every entrepreneur regardless of whether you're in tech, bio, green, industry, or lemonade stands, should read this book. Each chapter is a lesson learned the hard way by a TechStars company founder. Plus, after each chapter David Cohen & Brad Feld (founders of TechStars) give their thoughts.
I went into this book thinking it would teach me about how to increase productivity, however it was more about general guidelines for any startup. It is definitely a book I would loved to have read before my first startup. All the advice in there is from experience and if you heed it, you will be leaps and bounds ahead in your startup career!
No doubt there are some good and interesting tips in this book. The narration was not the most interesting or well spoken.
I felt it used the word techstars for about 20% of its content so I became alienated with the story line and messages. Not the best production but still some fair tips.
Probably, these are smart, successful guys, but the format of this book (a bunch of blog articles that are pretty obvious and not very insightful) didn't work for me.
I guess if you are really just thinking about entrepreneurship for the first time and don't want to do some simple searches on the internet, there are some take aways here.
Just not enough deep insights, seemed really superficial and obvious.
Short stories and examples. Everything is based on actual & recent experiences of the individuals who contributed to the book. Lesson are applicable NOT just to start ups, but to those in product development, and anyone looking to significantly grow or pivot their business. Not a lot of fluff or filler. I appreciated that.
I have a 20 minute commute to work and I listen while grocery shopping. 1-2 times a week. It took about 2-3 weeks to get through it. Easy to pick up where you leave off.
I will likely listen to this again, soon.
There was little to no "fluff" like I tend to find in many business books. Do More Faster just cuts straight to the most important points, based on David Cohen and Brad Feld's experiences with Techstars. For any budding entrepreneurs, this is what we want, less chatter and more actionable points.
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