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Evan Williams on Startups

Evan Williams Ten Rules for Startups came to me yesterday.  Wisdom! 

  1. Be Narrow
  2. Be Different
  3. Be Casual
  4. Be Picky
  5. Be User-Centric
  6. Be Self-Centered
  7. Be Greedy
  8. Be Tiny
  9. Be Agile
  10. Be Balanced
  11. (bonus!): Be Wary

By Evan’s scale, iotum is doing pretty well.  We’re not about casual content creation, so we fail on number 3.  We score well on all the others.  I’d add one more too:

12. Be Parsimonious (ok, cheap!).  Cash is king.  We buy office equipment and furniture from bankruptcy sales. We buy from EBay for most other stuff.  We ran our company with a single Vonage line for 18 months.  We drive to meetings (when possible) rather than fly.  Better yet, we use Live Meeting, rather than have the meeting. We make extensive use of hotwire.com to book hotels.  We became travel agents ourselves in order to get the agent discount when booking travel. There are a million ways to save money, and every one helps. 

We took a seed investment in June 2004, and stretched it to June 2005 when the original budget had it running out in February 2005.  That’s how cheap we are.

2 Responses to “Evan Williams on Startups”

  1. robhyndman.com » Blog Archive » The 12th Rule for Web Startups Says:

    [...] Alec Saunders adds his 12th rule to the 11 recently posted by Evan Williams: 12. Be Parsimonious (ok, cheap!). Cash is king. We buy office equipment and furniture from bankruptcy sales. We buy from EBay for most other stuff. We ran our company with a single Vonage line for 18 months. We drive to meetings (when possible) rather than fly. Better yet, we use Live Meeting, rather than have the meeting. We make extensive use of hotwire.com to book hotels. We became travel agents ourselves in order to get the agent discount when booking travel. There are a million ways to save money, and every one helps. [...]

  2. Gahtan's Technology and Internet Law Blog Says:

    10 Rules for Startups

    Evan Williams’ Ten Rules for Startups:
    Be Narrow
    Be Different
    Be Casual
    Be Picky
    Be User-Centric
    Be Self-Centered
    Be Greedy
    Be Tiny
    Be Agile
    Be Balanced
    (bonus!): Be Wary
    From Saunderslog

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