Over the past few months a very important side of startup life has been discovered by me. For me and a number of folks around me the journey gets a boost from an Inspirational talk, either in person or YouTube. Yes, the billionaires speaking (or say any large entrepreneur) does give us a push, but the rule I want to put forward for a startup is: 1-10-50 (One Ten Fifty…)
If you are a 1 person company, the best advice and help you will get is from a person running a 10 person company. If you are a 10 person company, your best advice would come from a 50 people company. Go talk to them.
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Update May 2020: This post was originally written in 2012. And as I read this again in 2020, I find the rule still very relevant, but with one caution. I have used the number of people in the company as a proxy of ‘what stage is an entrepreneur at’. So hope common sense will apply and one will understand the rationale behind the rule.
Hi,
That’s a great concept. I and my team liked the concept you have discovered. The 1-10-50 Rule. True 🙂 Thank you.