5 Reasons Why You Should Quit Your Job Now and Work for a Startup (With Traction)

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So, you want to put up a startup. You want to take the leap. But it's sooooo hard to let go of the cushy job you've spent numerous years cultivating... You worry about the sudden disruption of that bi-monthly cashflow you're now so accustomed to and built your life around. So what now? Here's a solution - work for a startup. But don't just work for ANY startup - work for a startup with traction. What's traction? I like Naval Ravikant's (Angelist founder) efficient definition of traction: "Quantitative evidence of market demand." A startup has traction when it has increasing numbers - revenue, users, profitability, engagement, traffic, etc... These are evident signs … [Read more...]

JGL Thursdays Unplugged v1 – So What Happened?

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Last week, we held our very first Thursdays Unplugged in the STORM office in Ortigas. I was with John, Gelo, and Ethel. We were supposed to be 5 people but the last participant couldn't make it at the last minute. In retrospect, it was better suited for 4 people - more on this later. So what happened?  I had no idea what was going to happen, so it was a bit awkward to start - it seemed too intimate at first. Then I laid the rules - 15 minutes per person, with an ideal 5-minute pitch, and then everyone can supply ideas and advice. And just like that, we started. It was pretty cool. Everyone had a very different idea, with each at different stages of the startup process. One was … [Read more...]

Buhay Bootstrap (plus, free startup glossary!)

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The year is 2006. Pao and I were about 15-20 pounds lighter. Pao was still enjoying his mullet haircut, while I was still enjoying some hair.We wanted to put up a flexible benefits solutions firm, capitalizing on my own early-market experience with flexible benefits. None of us were really "entrepreneurs" when we started. I was an HR guy and Pao was a programmer. We tried pitching to investors for startup capital, but I think this failed for two reasons: a) the mammoth 100+ page business plan (AKA complete waste of time) we crafted, and b) at that time, no one understood what our idea was and could become. So we ended up bootstrapping. Funding. There are two general ways to fund a firm: … [Read more...]

Small steps ARE the giant leaps

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It doesn’t need to be a giant leap. Perhaps you don’t need to quit your day job just yet. But start something. Enough of the Starbucks dreaming with your friends on that idea you wanted to do. Start doing it. Small steps. The small steps are the great ones. They allow you to digest the grand adventure you are undertaking into bite-sized pieces. They also allow you to generate much-needed momentum to take the bigger leaps.  In 2004, I had my big idea. It was to create a benefits-based HR technology firm. I do remember multiple times when I decided to put these thoughts aside thinking, “ME?! Start a firm?” However, it would gnaw at me periodically. I would have near-sleepless nights … [Read more...]

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