Here are five premium pieces of advice offered by the speaker at my tech startup founders Meetup this morning. Alastair Hood, Ph.D., CEO, the founder of utilities analytics startup Verdafero had a unique angle to share. Founded in 2009, the company is web-based software that helps businesses more smartly manage their utility usage.
What was unique was that Mr. Hood often peppered in comments about being nice and working with friendly people. I liked the tone of that and believe that I was hired several times as a PR consultant because I simply got along well with the marketing or PR leads or founders.
Here were five key takeaways:
- Don’t take money from investors if you can help it. Their vision might not be yours. I’ve heard this time and time again. But my two cents is to scale big time after you gain a bunch of customers, you may need to take money from a trusted source.
- Always be nice to people, especially when bootstrapping. You may need a favor from them later. He shared that he ran into Mark Zuckerberg once.
- Don’t fall for the Silicon Valley bullsh– story. I believe what he meant was don’t think that starting a company is all glamour and big payouts. You have to work hard, meet with many customers and prospects and take risks.
- Look for other avenues to generate revenue while you are developing your solution. Perhaps a customer prospect would be interested in your consulting services while your software as a service or saas software product is being finalized.
- Work with people you like. You will spend a lot of time with them. Along the same theme, he added, hire a friendly attorney. I asked if all lawyers who work with startups require a major retainer and the response was, no.
It was seriously refreshing to hear about the importance of collaborating with nice and friendly folks.
Michelle McIntyre is the founder of Michelle McIntyre Communications LLC, an IBM vet and Silicon Valley PR diva. She loves to garner big attention for large and small companies including VC firms and has achieved 11 awards for outstanding results. @FromMichelle on Twitter