Don't Let A Good Crisis Go To Waste

Fred Wilson

When something goes badly in your company, for many the initial instinct is to keep things under wraps as much as possible to avoid freaking everyone out. I would argue that it is better to acknowledge the crisis and use it to your advantage. Change is hard to bring to an organization and a time of crisis is often a perfect time to make some changes that you have wanted to make for a while. It creates a perfect backdrop and context for doing that.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Crisis Management

Embrace Losing – It Will Make You Stronger

Mark Suster

I HATE LOSING. I hate it.  I really, really, really hate it.  It chaps my hide.  It rips at my core. I don’t get over it easily.  I lose sleep.  I fucking hate losing.  It’s not so much the actual outcome that I hate – it’s the process.  The fact that I lost when I should have won. I think about it for months, often years.  But I embrace losing.  It is how I learn.  I relive the moment so many times over in my mind wondering if I could have done this differently or if I shouldn’t have said or done this or that.  I talk to trusted sources about it.  I ask for feedback.  I hate losing.  I don’t want to lose next time.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Crisis Management

Five Whys, Part 3: Legacy Startups

 Babak Nivi

It’s never too late to start applying five whys, even if you’re saddled with zillions of lines of legacy code. Just start asking why whenever you find a problem—you’ll automatically start fixing the 20% of underlying issues that cause 80% of your problems. Five whys was first discovered by Toyota—if it can work for cars, it can work for you.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Crisis Management

Five Whys, Part 2: How to Get Started

 Babak Nivi

Get started with five whys by applying it to a specific team with a specific problem. Select a five whys master to conduct a post mortem with everyone who was involved in the problem. Email the results of the analysis to the whole company. Repeatedly applying five whys at IMVU created a startup immune system that let our developers go faster by reducing mistakes.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Crisis Management

Five Whys, Part 1: The Startup Immune System

Babak Nivi

Whenever you find a defect, ask why  five times to discover the root cause of the problem. Then make corrections at every level of the analysis. By applying five whys whenever you find a defect, you will (1) uncover the human problems beneath technical problems and (2) build an immune system for your startup.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Crisis Management