[via Rodrigo]
Marc Andreesen on launching start-ups. I like these “rules-of-the-games” ;-)
We have been around the start-up block enough times to have a very clear idea of what kind of company we want to build. Here are some of the things we believe in:
- Run fast, fly low, and be cheap
- Promote from within–quickly
- Keep everyone informed, both on the good news and the bad news
- Organize based on a cell structure for both technical and non-technical functions
- 3-5 person teams
- Flat organization
Be transparent
- Review projects every 2 weeks
Reward innovation, ingenuity, and hard work
- Meritocracy
- Evaluate and reward managers based on development of people
- Top down reassignments of high achievers
Build a team with potential, drive, curiosity, intelligence and ambition
- Don’t have to have experience or a track record
- We want people to build experience and track records with us
Train people
- Everyone teaches
- Honest, frequent feedback
- Weekly 1:1, staff, and all hands meetings
- Written career development plans