#SUMHK APRIL 23RD – MIKE HASKAMP: NO GUTS, NO GLORY, STARTING A BUSINESS IN A DOWNTURN

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Starting a business takes guts. The older you get, the more strength and courage you will need to do that. This coming Monday you will have a chance to hear from a guy who not only started a business in a financial crisis but did so when he was at the lowest point of his life having been laid off and divorced. So what propelled him to go against the odds and take a different direction in life despite having graduated from Harvard undergrad and Columbia MBA?

Come to #SUMHK on Monday to find out. Mike Haskamp and his partner, founded Legend Fighting Championship (Legend), Hong Kong’s first professional mixed martial arts competition in July 2009. After two and a half years, Legend has held 8 events across Hong Kong, Macau and this past weekend in Jakarta Indonesia. Initially, their revenues came from ticket sales. Today, it’s a combination of television licensing, sponsorships, ad sales and ticket sales.

The meeting will be held at BootHK, 19/f, 231 Queen’s Road East at 7:30pm.

 

3 Points of Advice for Every Entrepreneur

#1. Surround Yourself With Interesting People
Without this step, I wouldn’t even be here.

O’Reilly taught me that if I didn’t like the projects that other people were giving me I could go out and create my own projects. I’ve always been ambitious, but until I really ran headfirst into inventors I thought ambition was about working hard and getting promotions.

The second thing interesting people do is turn turds into gold. That’s certainly what happened at Odeo. We had no traction in podcasting but one person on the team did have the golden idea for Twitter. That person, Jack Dorsey, paired with two more people was able to put together a compelling prototype in two weeks.

The third reason, is that even if your company fails completely, the interesting people you worked with will disperse to other interesting places and invite you along.

I think this holds true for anyone starting their own business, certainly for myself. The full article has interesting anecdotes included.

Pmarchive – Archive of articles from blog.pmarca.com

Pmarchive

An archive of the best articles from the now sadly defunct blog.pmarca.com

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The Pmarca Guide to Startups

  1. Part 1: Why not to do a startup
  2. Part 2: When the VCs say “no”
  3. Part 3: “But I don’t know any VCs!”
  4. Part 4: The only thing that matters
  5. Part 5: The Moby Dick theory of big companies
  6. Part 6: How much funding is too little? Too much?
  7. Part 7: Why a startup’s initial business plan doesn’t matter that much
  8. Part 8: Hiring, managing, promoting, and firing executives
  9. Part 9: How to hire a professional CEO

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Bonus Startup Essentials

  1. The truth about venture capitalists, Part 1
  2. The truth about venture capitalists, Part 2
  3. The truth about venture capitalists, Part 3
  4. How to hire the best people you’ve ever worked with
  5. Serial entrepreneurs and today’s Silicon Valley
  6. The Psychology of Entrepreneurial Misjudgment, part 1: Biases 1-6
  7. Age and the entrepreneur, part 1: Some data
  8. Luck and the entrepreneur, part 1: The four kinds of luck

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Additional Pmarca Guides

  1. Guide to Personal Productivity
  2. Guide to Career Planning, part 0: Introduction
  3. Guide to Career Planning, part 1: Opportunity
  4. Guide to Career Planning, part 2: Skills and education
  5. Guide to Career Planning, part 3: Where to go and why
  6. Guide to Big Companies, part 1: Turnaround!
  7. Guide to Big Companies, part 2: Retaining great people

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Bonus Awesomeness

  1. Why there’s no such thing as Web 2.0
  2. Top 10 science fiction novelists of the ’00s — so far
  3. Why Ning?
  4. Book of the week: Best book for tech entrepreneurs this year
  5. The three kinds of platforms you meet on the Internet
  6. Music of the week: Three views of the blues, through jazz
  7. Eleven lessons learned about blogging, so far
  8. OK, you’re right, it IS a bubble
  9. Counterpoint: Ben Horowitz on micromanagement
  10. An hour and a half with Barack Obama

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The Long Kiss Goodbye

Before he stopped posting, Marc tantalized readers with a “Coming Soon” list (reprinted below). I was particularly excited about the Guide to High-Tech Startups. Maybe someday. All we can do is hope.

  • Top 10 books for high-tech entrepreneurs

  • Top 10 ways to do personal outsourcing

  • Software — the velvet revolution and the multicore conundrum

  • How to trick out a Typepad blog in 2007

  • Killer Windows Media Center apps for 2007

  • The truth about reporters: a multi-part series

  • The Pmarca Guide to High-Tech Startups: a multi-part series

  • Why Internet advertising is about to get humongous

Some more reading material for you on a Saturday. Don’t get out of the house/office, just read articles all day.

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