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Entrepreneur

Entrepreneur

The Global Startup

April 11, 2009

One of the hardest things you can attempt to do is to turn a startup into a successful company. While I wouldn’t go so far as to say the startup I am part of is a success, we have made significant strides toward it. I have heard that startup companies fail for many reasons. From poor leadership to lack of funding, the odds are against you, but that is how we like it.

Aside from the common obstacles that most startups face, we at Future Delivery have a unique obstacle that most other startups don’t encounter. While I wouldn’t call our obstacle a problem, I would say that it poses a wild-card element to the startup life. Over last 2 years our company has gone through many changes. The biggest of which is the relocation of our CEO and the addition of new members to our team from different parts of the map. With 2 core team members in Los Angeles and 2 in Silicon Valley and several others in different parts ranging from Texas to Turkey, we are not just a startup, but a global startup.

Our CEO, Yu-Kai Chou moved to Silicon Valley in a move that he felt would make the company stronger in terms of being able to network with tech savvy individuals in that area as well as meet investors for our company. Currently, Jun Loayza and myself are here in the Los Angeles area working primarily on marketing. With such a great distance between us, the question is how does this affect us? Now it would be a lie if I said that everything is fine, but in all honesty we would love it if we could all be in the same area working together. This past week I was able to meet up with Yu-Kai and spend some time working along side him as well as getting to know him better.

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Entrepreneur

From Start to Finish: Watching Your Project Grow

March 18, 2009



Many adults say that one of the greatest gifts in life is having the opportunity to watch their kids grow from infants all the way to adulthood. While some may say otherwise, there is nothing more rewarding than watching something that you have invested a great amount of time in and watching it flourish. As an entrepreneur, you are the parent and your projects are your children. Whether you are a startup tech company looking to create the next best thing, or just trying to start your own restaurant, whatever it is you put those extra hours in becomes your ‘kid’.

Speaking with many entrepreneur’s one of big reasons that they chose to leave the corporate world and enter the startup life is because they wanted the satisfaction of being able to create their own project and help guide it in the right direction. So what the big question then becomes is what drives an individual to continue to put in the time to make a project grow. To best understand this it is helpful to use the analogy of being a parent and watching your child grow.

I myself don’t have any kids, but from what others who have kids have told me, you lose a lot of hair along the way, but in the end, it’s worth it. Just like when a child is in its baby stage and they need your attention 24/7. So is the same with a startup project. When you have a great idea you can’t wait to get started with it. You love it so much that you are willing to work late into the night and live off only powerbars and energy drinks. Sleep is hard to come by, but you tell yourself that it is all worth it. Why? Because the project is yours.

As a child grows from infant to adolescent, this is where they learn by exploring and they begin to ask questions. As a parent they are proud to bring their child to school and are eager to meet other parents to setup play dates and to share tips on the best way to pack a lunch. Similar to that, as your project begins to take form and you are eager to share it with your close friends to get their opinion as well to show it off like a prized possession. For an entrepreneur, hearing positive feedback from others is equivalent to your child bringing home a good report card. Still, it is a growing process. During this time, you still need to put in those long hours for your project, but you are beginning to have an idea of what exactly your finished project may look like.
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Career

Being A Leader As An Entrepreneur

March 9, 2009

Look in the mirror and what do you see? Do you see a leader or do you see a follower? This is the question that I have been asking college students across the country from some of the best schools in the nation for our internship program. With polished resumes and sometimes rehearsed responses, many interviewees were actually taken a back when I asked them this question. While some may expect the normal response to be a simple ‘Follower’ or ‘Leader,’ I want to know why.

Part of what we are looking for in candidates for our Campus Entrepreneur Internship Program are individuals who have not only an entrepreneurial edge to them, but also have a leadership quality to them. From the candidates point of view, they may want to ask me why it is important to be leader when it is only an internship. The easiest for way for me to explain it is because part of being an entrepreneur and starting your own business is being able to lead others.

So what separates the leader from the follower? From my own experiences, I have noticed that all great leaders have great confidence in themselves and also their team. An example I often use to explain the difference between a leader and a follower is to look at sports. Who are the superstars, and who are the role-players. It is easy to replace a role-player, but it is difficult to replace a superstar. Superstars excel above the rest, and lead by example. As an entrepreneur, you take on many different roles. From accounting to marketing, entrepreneurs must be confident in their capabilities and be able to pick up any task and be ready to lead others who are unsure how to approach a situation. As a entrepreneur, you must not wait for people to teach you how to do something but rather you must want to learn it yourself.

Speaking with one of the interviewees about whether they were a follower or a leader, they responded that they see themselves as a more of a follower because they like to sit back and learn from people who have more experience. While there is nothing wrong with the response, I feel that to be a great entrepreuneur, you must want to be more than just someone who takes orders from others. You must have the desire and passion to one day be able to make important decisions and to have people come to you when they need advice. Part of what this internship program is about, is taking someone who see’s themselves as being the leader ‘type’ and giving them the tools to be one.
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Career, Lifestyle

One Relationship: Two Roads

January 15, 2009

As I enter my third week of the work I have come to the realization that I am an ‘adult.’ Books and midterms have been replaced by meetings and hours of starting at a computer screen. For most, the corporate work path is well suited for them. Working at Future Delivery I have a truly unique opportunity. I am able to set my own work hours, sleep in as late as I want, and work on any project I want. So you ask what kind of job is this?

This is what it is like to be part of a start-up company. Everything I mentioned previously is not what it may appear. Yes, I can set my own hours, but I have been working approximately 14 hour work days, 7 days a week. I can work on any project, but still need to get them all done. I can sleep in, but if I do, that only means I will sleep even later. The corporate life provides structure, rules, and guidance. In a sense, when you first start out working in the corporate world, you are taught how to work. No one can teach you how to be an entrepreneur or part of a start-up company. Instead, you are given an idea. With that idea, you have to run with it. If the idea doesn’t work. Then pick up another one and run again.

For myself, the person that means the most to me aside from my family members, is my girlfriend. Recently, she joined the corporate world and now works 9-5, 5 days a week. Looking at how far we both have come, I realize that determination has played a big part in where we are today. In high school, we were both determined to be with each other through it all. During college, we made it through a long-distance relationship. Now here we are again. Facing two different paths: Corporate world vs Entrepreuner world. One is where you follow the rules, the other, you make em.’ When her work day is done, mine continues. When her work day starts, mine still is continuing. I have made adjustments to my life so that I am able to spend ‘quality’ time with her. From waking up early and getting more work done during the day, to delegating tasks to others. Just like when you ride a bike, at first you will have bumps and falls, but eventually you will get the hang of it. Similar to that idea, the career paths my girlfriend and I are part of is ‘work in progress.’ We will learn what works and what doesn’t. What is right and what is wrong. Most of all, we will learn how two different career paths can make for one great relationship.