Face it, your idea sucks, and it’s time to move on

I have a message for you: Face it, your idea sucks, and it’s time to move on.

Stop placing ideas in the same class as relationships. Relationships are things that are built to last forever, ideas, they just come and go.

If you’re holding onto your idea to tightly, and it’s serious failing, it’s time to let it go. It’s time to move on and put it behind you – the facts are right there. Get over it. The idea probably wasn’t that cool anyways.

See, things like relationships and marriages you stick out forever. No matter what, you stick them out. Yes, the good times, the bad times, and all the time. You make a commitment and you fight to stay together – thick and thin baby.

Ideas on the other hand, you don’t stick them out. If an idea is failing, you bag it and move onto a new idea.

Don’t let your fear of moving on hold you back from pursuing a new idea. You will find another idea and it will be way sexier than the last one. If it was your first one, that’s cool, just remember it that way. Learn from  it, figure out what you can do better, and get pumped up about the next idea!

Please, for your own sake, don’t sit there any longer weeping like a damn baby. Get over it and move on.

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How about you?

Do you have trouble moving on with new ideas?

 

San Diego startup community is making it happen

Friday, I attended an event put on by Brant Cooper and the startup community in San Diego. Brant Cooper helps startups get started – they need it sometimes. He is also the author of the popular lean startup book “The Entrepreneurs Guide to Customer Development.” Give him a Google, he is writer, speaker, consultant, and all around cool guy.

David Cohen, the founder and CEO of TechStars was in the house talking about their accelerator program and what it takes to grow a localized startup/tech scene. The event was packed and very well received.

It was cool to see all the people sharing their ideas, their companies, and their efforts/hard work to continue building the startup community. I tell you what, this is a community you need to watch – something is taking shape and fast.

Heading into the event I had no expectation other than to hear David speak and to see what the startup scene was like in San Diego. I was blown away after just being there a few minutes. I wasn’t expecting it, honestly.

After the talk by David Cohen, Brant had organized FREE beer at a pub on campus at UCSD. Yes, free beer! That topped it off for me. Great event, great people, and free beer. I’m sold!

Talking with the different entrepreneurs, you got a sense that everyone is not out for themselves and what you can do for them, but what can they do to support the overall effort of building the community. You don’t see this very often, so it was enlightening. That is what it takes – people supporting people to grow and get things done.

Lets just say this, people are fired up and they’re putting in the work to make a killer startup community happen. Let’s support them.

Keep it up San Diego! And, thanks for the warm welcome and free beer! You rock!

 

Streamlining the investment process

Check out this great new company called CaplinkedIt’s a new tool that streamlines the investment process and gives companies a new way to raise capital and sell assets.

Also, it’s not just built for tech startups, but for all startups. Some of the investments on the site are:  financial services, energy, transportation and food and beverage industries.

Here’s the number that got me excited! The company launched in Oct 2010 and it already has $12 billion in deals.

If your entrepreneur or investor, I say, click on over to the site and check it out.

Note: (To view a deal, would-be investors have to certify that they are accredited investors, institutional investors or advisors to one of the investors.)

Oh, and last but not least, the service is FREE! Who doesn’t love FREE!

Winning teams have diversity and perspective

Everyday, I’m learning what my strengths are and who else I need to surround myself with to win in business. What I’ve learned, (The hard way as always) is that you need to know your gaps and be willing to fill them in with people who offset you. Don’t try to be a hard ass and go at it alone…you will fail hard.

When you think about your company and all the things you need like: strategy, innovation, finance, marketing, management, hiring – these things aren’t made up of one person, but you do need these people on your team. If you don’t have them, you lose the game.

There are things that I’m good at, such as vision, strategy, marketing, and getting people fired about a project and the potential that it has to change the game. However, when it comes to things like management or finances, I suck (and I’m happy to say that). This is why you need a diverse team.

The other thing you need is perspective. Perspective is something that all winnings teams have – a team of people all looking at things in very different ways. I might see it this way, when she or he sees it a totally different way. But, as we come together afterwards we can put our heads together and come up with a fantastic solution.

The collective perspective of a group of diverse leaders is what will in the end allow you to win the game. Value a diverse team, value perspectives, and get started building.

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What kind of team are you building?

 

Epically failing on purpose

Are you afraid to epically fail? Not me, I epic fail on purpose. We need more people willing to take risks and epic fail on purpose. Well, epic fails that don’t totally wipe us out, but that make us bolder and more confident in our abilities. Epic fails that teach us lessons about what works and what doesn’t.

Epic failure is something I enjoy very much. Why? Because, each time I fall down and scrape up my knees I learn something very valuable that I wouldn’t have learned before. I learn how far I can go, how high I can jump, and how much money it’s going to cost!

When I fail, it moves me away from what doesn’t work and closer to what does. I like the sound of that – moving closer to what works. We all want to know and understand the things that work, right? But, how can you learn the things that work until we’ve tried and epically failed at the things that don’t work.

Think experiments. We may try hundreds, if not thousands of experiments until we find a solution. The same is true with projects, ideas, startups, dating, and the million other things we try to figure out in life. But, we have to be willing to epically fail at these things.

Parents don’t always teach us this, schools screw it up, and so do your bosses. Don’t listen to these safe boring people, they are going nowhere. You need to epically fail at things, it’s part of the learning experience. You can do it, epic fail. Just don’t wipe yourself out!

 

7 Random Thursday Thoughts

I’ve traveled a lot over the last few weeks and it has given me plenty of time to be by myself and do some deep thinking. As part of this deep thinking, I put together 7 random thoughts that I wanted to share with you. Let me know what you think.

1. Don’t go and start a friggin’ company unless you are going to be absolutely addicted to it. Are you willing to work on it day and night? What about when your friends call you and want you to go out and grab a few drinks? Are you willing to turn them down to work all night to meet a deadline or get an order out? If you’re not willing to do these things, then don’t go and start a company. Keep your job. Seriously.

2. If you want to build a company fast, go alone ( keep in mind companies that are built fast and alone don’t last long…I’ve been there). If you want to build a company that can go far, go together. This means you build a team that can carry the company to places that you only dreamed of.

3. Hire people who are just as fired-up about your idea and your company as you are. If they’re not just as fired-up as you are, then keep searching for the right team members….they are out there.

4. Be intentional about putting together a group of friends who are there for you no matter what. When times are good, they are there for you. When times are bad, they are there for you. No matter the circumstances these friends are there for you. They will drop anything to come along side you.

5. Sell, sell, sell, or watch your company go to hell. If you can’t get sales coming in, you will watch your company be cast into a fiery place of torment.

6. Get out their and G&G (Grip and Grin). Attend events, go to conferences, setup lunch meetings, do whatever you need to do to meet people and share your company story with them. Don’t expect people to come knocking on your door – people have no clue who the heck you are.

7. Don’t be lazy, do your own PR. You are the best one to tell your story. Why would you hire a company to follow-up with the people you read and see in the publications? Those people publish their emails. Next time your reading or watching something, capture the person’s name and their email address. Once you have that info, follow-up, introduce yourself, and tell them your story. It is their job to find great stories. And if your story sucks, it would be a waste of time either which way.

 

Two thumbs up to a happy and prosperous year!

I just wanted to give you two thumbs up to a happy and prosperous year! I don’t know what it is. Maybe the fresh Southern California air (yeah right), maybe my ultimate fitness class, Trader Joe’s, or something else, but I’m fired up this year and you should be too!

Things are really coming together. Projects are gaining good traction, people are positive and making things happen, and I’m loving every second of it! Good stuff!

If you’re not fired up, here is a kick in the ass. Get going.

This year you’ll set new milestones, climb over obstacles that you thought were impossible, take care of your customers, invest in your team and get them more involved, and finally, you will wake up everyday ready to hustle.

If you don’t do these things, you failed yourself.

 

Make your own way and own it

Is there a right or wrong way? No. It’s your way and you have to own it. Yeah, you can learn from others and take that and build it into your way, but it doesn’t mean that there is a right or wrong way to do it.

I might brush my teeth before I shower, you might brush your teeth after. I shave before I get into the shower, you shave after. There isn’t a right or wrong way, just as long as you reach your destination.

I see people all the time that think there is this “right way” to reach their destination. And because of this, never end getting anywhere but depressed and lonely. Why? Because they sat around waiting for this right way to come along and it never did. You can’t wait for the right way to come along. You have to make a way and own it.

Maybe you want to start a company. Do it now. Get crazy and go figure it out. There isn’t a right or wrong way to do it. Maybe you want to go to school or maybe you want to wait and travel the world. It doesn’t matter. As Nike would say, “Just do it”.

Honestly, it doesn’t matter what: starting a company, marriage, dating, whatever. There isn’t a right or wrong way, there is your way and I urge you to go figure it out. It will be blast…I promise.

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What about you? 

Are you making your own way and owning it?