What’s the best way to avoid common mistakes in management?

Sam Altman (President at Y Combinator)
Financial Misstatements – Sam Altman

First-time startup CEOs make a lot of mistakes, mostly due to ignorance. One particularly bad one is misunderstanding or misusing basic financial terms.

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Second Startup Syndrome – Ben’s Blog

Serial entrepreneurs who suffer from Second Startup Syndrome want to skip through the narrow early steps and move quickly to more exciting topics such as long-term strategy, sales and marketing, company positioning, company culture, and more. Unfortunately, when you build a house, it’s usually a very bad idea to start with the roof.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
DIY vs Delegate – AVC

I like it when I see a founder team that is resourceful, has range, and can do a lot of this stuff themselves. I like to see them running lean and mean and spending money on the things that really matter (product!!!!!).
But at some point they need to start delegating this stuff. And first time founders often make the mistake of waiting too long to take things off their plates. For one, they like the control and insights they get from doing thing… (read more)

Sean Ellis (CEO at GrowthHackers)
Figuring Out Your Way to Startup Success

It is OK to apply pressure for better execution of things that have been figured out, but it should be applied very sparingly when trying to encourage the team to figure out the remaining unknowns.

Sam Altman (President at Y Combinator)
Startup Playbook

Most of the principles on being a good manager are well-covered, but the one that I never see discussed is don’t go into hero mode. Most first-time managers fall victim to this at some point and try to do everything themselves, and become unavailable to their staff. It usually ends in a meltdown. Resist all temptation to switch into this mode, and be willing to be late on projects to have a well-functioning team.

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Ones and Twos – Ben’s Blog

When founding CEOs fail, a significant reason why is they never invest the time to be competent enough in the [process design, goal setting, structured accountability, training, and performance management] tasks to direct those activities effectively. The resulting companies become too chaotic to reach their full potential and the CEO ends up being replaced.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Becoming A Boss – AVC

When we had our USV CEO summit last fall, we kicked it off by asking each founder/CEO to open with the one thing they had learned the hard way during the year. The recurring theme was that they had to let the people they hired do the work even though they wanted to jump in and do it themselves. And as they are all going around the room telling this story over and over, I am thinking “”and I want you to jump in and do the work too””. Because these a… (read more)

Sam Altman (President at Y Combinator)
Startup advice, briefly – Sam Altman

Learn to manage people. Make sure your employees are happy. Don’t ignore this.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Handing Over Your Company To Someone Else To Manage – AVC

The thing we always remind entrepreneurs is that bringing in a CEO does not mean losing control of the company. In fact, bringing in a CEO is often a great way to keep control of a company if you do it well.