Re:What Makes an Entrepreneur? Four Letters: JFDI
by codypo on Thursday November 18, 2010 @01:48PM
(#1918819)
I must point out that, like any other mantra, JFDI must be taken with a grain of salt. Think about the following scenarios. You meet a guru who's willing to advise your startup for a mere 5% of the company. You find an investor who's willing to put in big money, given you tear up your term sheet and use his unconventional terms. You think up a feature that, while consuming vast dev resources, could result in total market domination.
It'd be absurd to JFDI on any of those, not without doing the proper due diligence. For day to day decisions, JFDI is absolutely the way to go. For decisions that could kill your startup, BJAPC (Be Judicious And Proceed Cautiously). Admittedly, that's not as catchy.
Re:What Makes an Entrepreneur? Four Letters: JFDI
by bedris on Thursday November 18, 2010 @02:34PM
(#1918970)
So I was surprised at the sheer volumes of decisions that had to be made when I became a startup CEO. Most of them are completely mundane such as choosing which: bank, office space, 1-year lease vs. 2-year lease, logo, URL, pricing structure or which VC.
It'd be absurd to JFDI on any of those, not without doing the proper due diligence. For day to day decisions, JFDI is absolutely the way to go. For decisions that could kill your startup, BJAPC (Be Judicious And Proceed Cautiously). Admittedly, that's not as catchy.
edit: formatting.
/ http://www.youtube.com/watch?v=KEvN4VUQLJk&feature=chann...
Those don't strike me as mundane decisions.
http://wordnetweb.princeton.edu/perl/webwn?s=mundane