What’s the best way to prioritize?

David Jackson (Founder, Seeking Alpha)
How managers can communicate more effectively | A Founder’s Notebook

Sometimes a manager identifies a problem that needs to be solved, without suggesting a solution or expressing an opinion. Being explicit can also help in that case: Is solving this problem important, urgent or both?

Gary Swart (General Partner at Polaris Partners)
Don’t make this mistake with metrics | A Founder’s Notebook

Figure out the metric that matters most for your company and understand that the more you measure, the less prioritized you’ll be. Don’t fall into the trap of trying to measure everything. What I’ve learned is that in the early days, what matters most is having customers who love and use your product. Figure out the one or two best measures to determine this.

Armando Biondi (Cofounder & COO of AdExpresso)
From 0 to $1.2M RunRate (and profitability!) in just 5 quarters. 9 lessons learned in creating an impossible company

Does this contribute to hitting our month-over-month growth goal? If/when the answer is “yes” to several things, the following question is: Which one requires the lowest effort and the shortest time to generate the biggest impact with the highest chance of success?

David Jackson (Founder, Seeking Alpha)
How to decide what to prioritize — a simple rule for startup CEOs | A Founder’s Notebook

In Seeking Alpha, we prioritize the project with the highest chance of success, not the project with the highest probability-weighted outcome. This is because we want to optimize for speed of learning, and you learn only from successes, not failures.

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Big questions before little ones

Don’t finalize the logo before you come up with a business plan that works.
Don’t spend a lot of time thinking about your vacation policy before you have a product that people actually want to buy.

Slava Akhmechet (Founder at RethinkDB)
57 startup lessons

Working on the wrong thing for a month is equivalent to not showing up to work for a month at all.

Tomasz Tunguz (Partner at Redpoint Ventures)
Startup Best Practices 13 – Patience with Unit Economics

Mark Roberge, Chief Revenue Officer at Hubspot, recently shared with me how he instills patience in unit economics in his teams. 1. Adopt before you buy – develop a bottoms up product that people can try out and ultimately upgrade themselves without having to contact sales or support. 2. Product before people – focus on improving the product before hiring additional customer support or salespeople. The product has to stand on its own. 3. Individu… (read more)

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Short order cooks rarely make change happen

Short order cooks rarely make change happen. How far in the future does your agenda extend? One way to tell: of the things you worked on last week, how many were due last week?