How I failed: Web 2.0 Tim O'Reilly godfather summarized from the start of the six lessonsstart at the beginning, when only you and your ideas you have, perhaps several partners. Then customers began to emerge, they affect and transform you and your ideas between products and markets until the formation of a so-called 'Ge Chen' relationship. If you're lucky enough heart, then this achievement can be repeated to achieve. If you want to build an enduring company, so the above is clearly not enough, you have to make between the team and the intangible tangible system also seems to fit with each other. In addition to the company's management to complete the mandate entrusted to, but also to turn affect the organization, development, implementation, amend and improve the organization of long-term survival depends rules. This is a very easily overlooked work. In O'Reilly Media, we have had successful experiences, but also influenced the industry we are engaged. But look back the history, all kinds of failures can be considered routine, and I, our employees and even the company as a whole are often shackled hand and foot. Some failed roadmap derived from the bad, and some failed because things fear fear hands feet, and more failures are the result of shaping and building the company culture confusion. The following is a summary of my experiences from the past six experience. Speaker (none) heart, no listener (have) meaning there is a witty Michael Lewis in a recent interview NRP. He asked, then why do you * Liar's Book * description in the Wall Street was so unbearable, but still there are people willing to finance you talk * The Big Short *? Lewis said, but how easy it is to create value in the case of disregard eyes closed a lot of people a lot of money from his book, Wall Street saw not unbearable. These people have entered Fashion Nike Force 1 Mens Black Green Gray Shoes the industry. He finally said something to impress by words, 'You never know what book you wrote until you know what book people read (the book for your readers have any meaning depends on how they understand your book).' This is my One of the main problems faced when O'Reilly. I always talk of ideals and goals - 'create more value than what you get' and 'those who use innovative thinking to change the world' - but we forget to remind everyone in the business is ultimately a further sale Field. When I say, 'The money's in the oil business is like in the car, before the road really want to fill the mailbox, but that does not mean the road after the gas station where you have to where to start,' when we all listen to go After half of the sentence while ignoring the 'pre-road to fill up.' Employees ignored again and again we are engaged in the business of such a simple fact. I personally find very good ideal and reality overlap sweet spot, but often forget to put the skills to my team. I often forget to get to know all of my words has a kind of interpretation. Listening to feedback is an important skill. O'Reilly if I can make it all over, I will definitely use a lot of time to understand the feedback, make sure I'm in my heart to build a company that wants to build the company. Today, we do our best to let everyone in action and thought have reached a consensus. Organizational culture and management in early stage companies, in my self-knowledge is the basis of HR wrote a employee handbook, the theme is to have all members within the company can be happy like me the freedom to work towards their proactive attitude. Guide to a statement made opening: 'I put the booklet called 'rule of thumb' it is because there's every rule there will be break of day, as long as we do not have good enough reason to terms, only guidelines. We grow, learn, and then summarize the most realistic new rules from the practice, 'the book has something like this:.' put to work the company is not a machine, you do not screw, we need you to play wit, creativity, and! perseverance 'are:.' Your job is not just to improve your economic situation and the company, but also to make himself a better person, to make the world a better co-workers, customers, our suppliers, any. the person you are dealing with individuals equal with you. always with passion, fair and sincere attitude towards them, they will return with the same attitude. 'Finally, I hired a lawyer to help me review this manual. He said that he had seen the most inspiring employee handbook, but he does not allow me to use it. Insisted after a while, I told him to surrender. As the company continues to expand, this informal sloppy management becomes increasingly difficult to control. Then I gradually abandoned the 'indigenous' and the use of formal HR management - vacation, sick leave, annual salary adjustment. The development of human resources tasks are handed over to the 'real 2015 Latest Nike Shoes experts' who, it turned out that I made a wrong decision. I regret that I did not follow a set to manage the company, but listened to the views of lawyers, shaping organizational culture from the top down (though they are acting in good faith). I have to focus on the product, marketing, finance and strategic planning, just not to stick to their original idea to build the company. Valve recently read Github and HR management issues, and I suddenly thought of the early O'Reilly, when I was struggling to redefine the organization to adapt to the new century to come. Not to say that management of both adapt to any company, but they represent a new organizational management. Google's People Analytics HR is even more able to adapt to the new theory of large organizations. We have only managed to draw a lot of theories on company management, but innovation is still huge room, you absolutely need to put into marketing the product or wisdom on the separation point, to bring a bit of organizational culture shaping adventurous spirit. This is one reason I am so excited about our Cultivate Conference of. I hope that through this form of the scientific and Nike Air Max 90 HYP PRM technological community leaders together, we pass on in the organization and management, to discuss the positive role companies of the world, rather than just the pursuit of success on the market. Money prevalent in today's venture capital market, it is difficult to believe that in fact, a company can leave investors rely on profits from the consumers survival. I never do VC funds, because I want to master the business initiative. I have seen too much in the early reduced from excellent to mediocre companies. I want the initiative, but I lost the best chance to get it. Bill Janeway in the book * Doing Capitalism in the Internet Economy * about his mentor Fred Adler from that learned a lesson - 'Happiness is positive cash flow', and discussed his own principles about money and control: 'Make sure in times of crisis have sufficient cash reserves to the learning situation in a very effective control of the situation and gain time. 'In the 1990s, I realized that the essence of the theory of Bill's. Publishing relatively reliance on cash reserves. You have to advance the payment of remuneration Cheapest Nike Air Force 1 Mens White Blue Shoes to authors - a lot of people in the end did not write the promised work, others are dragged, and they then have to edit, design and produce synchronous cooperation in the recovery of the first points It is likely to hit first on the money a few years before the investment funds. In the absence of on-demand printing of books and old house, you have to pay a substantial fee for the book inventory. O'Reilly is like a basket to hold the sand, always profitable, but never enough cash. When publishing business in the 1990s, when the surge, we need more and more cash. CFO is our way to borrow money casually gas to explode, but in the end we still Divestment and through a variety of methods to raise investment for the company sufficient funds. GNN was our opinion at the time regarded as a $ 15 million high-priced sold to AOL. Then, the increasingly severe financial pressure forced us to sell their shares, with the market value of AOL shareholders of the wind, we got 3,000 or $ 40 million net profit. This is a large number of pens, however, if we have time to wait to sell, then the highest value, these shares will be worth $ 1 billion. Even if we miscalculated the timing, but also the value of a few hundred million. In 2001 the Internet bubble burst scenario is simply to cook your feces thrown into high fan speed. Once again, we fall into a serious debt crisis, business was a free fall down the bank to recover the loan, and almost make us bankrupt. At that time the situation had to first layoffs still fresh on the list of employees covered me depressed due to excessive hair fall off. The tragedy is completely unnecessary things to this point. In the crisis was referred to the most vicious, we hired a new CFO (now the CEO and COO, Laura Baldwin). She enabled a new set of financial solutions and suppliers, she again talk about the contract and determination to lose no utility posts, clearing inventory for cash. She also convinced me to layoffs. All this brings the effect is obvious. O'Reilly book through new product launches and new return to profitability. But Laura greatest contribution is Nike Air Max 90 Current in cash terms. 90 years, the company lost a lot of money, but the bubble burst, we begin by positive cash flow to turn a lot of money into the bank. This allows the company in a changing environment, money for investment and business transformation and other actions. I learned four points: Fiscal discipline is essential. Whether you rely on financing or own funds to maintain the company, good fiscal discipline is one of the keys to success and failure. Many companies for product quality and brand building a lot of trouble, but ignored the financial situation. Money is the blood, you have to be taken seriously, carefully managed. The finance team considered as partners. Their role is not just to help you count it. One long search Air Jordan 9 for talented engineers and designers, but also please look at talented CFO bar. You find a line of people more than you, Laura before taking office, I have been in the company of the man most familiar with finance. However, even if you have enough financial keen sense of smell, or not as a professional expert to bring action. Control of each team's revenue. Every manager, or even every employee should know the significance of the company's financial management. One of my biggest mistake is to allow employees to spend unlimited in product development and marketing. Financial ability and consciousness is not born in the content of staff training is important to join this knowledge to ensure responsible plan to assume important financial responsibilities. Streamlining; continuous transformation. After the bubble burst, we laid off 20% of staff. Although there is no lack of these departed colleagues very personal good guy, but the company's operations have not been disrupted. A lot of people doing meaningless work in place. Lean Startup The startup described as 'learning machine', is intended to emphasize in order to improve the fit between products and markets must be maintained for all the things observed and measured. That's fine, but you must both inside and outside, at the time of observation of the external environment and do not forget to think about how to improve efficiency from the inside. To be continued ...... Unless noted, articles are original or Popular Nike Air Force 1 Mens Blue Green Shoes compiled site, please indicate: articles from 36 Krypton