How to Emerge from an Atomic Egg and Grow into a Thunder Lizard

Mike Maples, Jr., partner at FLOODGATE, discusses building great companies with entrepreneurs at RocketSpace in January 2012.

Transcript

3. Radioactive Eggs Mike Maples, Jr @m2jr Rocketspace January 26, 2012
4. Thunder Lizard Startups
11. Today’s Focus: Radioactive Eggs
12. Creating atomic eggs • Compensation Strategy • Proactive Culture • Hot Teams • Recruiting • Effective Board Meetings • A great wave
13. Compensation • What is the purpose of salary? • What is the purpose of stock? • What is the purpose of bonuses? • Under what circumstances do you give more of each? • What is your competitive strategy with respect to each? • How do you communicate this while you recruit?
14. Exhibit: Spiceworks Comp Table
15. Culture • Define proactively or just let it happen? • Values, not lifestyle • How do you make it tangible to people? • What are you getting vs. giving up? • How to integrate it into the company?
16. Exhibit: Cultural Cornerstones at Motive • Integrity • Technical Excellence • A-Team • Meritocracy • Growth
17. Integrating Culture • Job Interviews • Onboarding • “Teaching” Moments • Company Events • Performance Evaluation
18. Hot Teams
19. Hot Teams • A hugely meaningful goal • The team (not management) must crush all roadblocks • Features vs. dates - who decides?
20. Recruiting • Everyone an A Player, no matter what their job is • Compensation philosophy as a weapon • Culture as a weapon • “Perfect” hiring • Going all-out to win
21. Effective Board Meetings • 4 key questions: • Did our market get better? • Did our competitive position get better? • Did we recruit awesome people? (perfect hiring overview) • Are we doing what we said we would do? (waterfall forecasts) • Exception-based admin (eg comp tables)
22. A great wave
23. Key thought
24. Key thought When a great team meets a bad market...
25. Key thought When a great team meets a bad market... the market wins,
26. Key thought When a great team meets a bad market... the market wins,
27. Key thought When a great team meets a bad market... the market wins, When a lousy team meets a great market...
28. Key thought When a great team meets a bad market... the market wins, When a lousy team meets a great market... the market wins,
29. Key thought When a great team meets a bad market... the market wins, When a lousy team meets a great market... the market wins,
30. Key thought When a great team meets a bad market... the market wins, When a lousy team meets a great market... the market wins, When a great team meets a great market...
31. Key thought When a great team meets a bad market... the market wins, When a lousy team meets a great market... the market wins, When a great team meets a great market... something awesome happens.
32. What comes after Social Networking? My current focus
33. Situation Analysis: Only 5 years ago... • Microsoft had 95% of all Internet connected devices • Smart phones were not web capable • There were no tablets • It was a very simple Internet world
34. Big Change #1: Beyond a simple Internet The things in our pockets and purses are changing the fundamental architecture of the Internet.
35. The Hypernet The new infrastructure that results from combining the internet with cellular and wifi.
36. Billions of nodes W WWW WW WWW WWW WWW . . . Millions of clouds Big Change #2: Beyond a simple browser-based web
37. The Hyperweb The new user experiences enabled by a world of billions of nodes connected to millions of clouds.
38. www.rogerandmike.com
39. If you’re building a company, why not build a GREAT one?
40. Thanks!