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Do More Faster: TechStars Lessons to Accelerate Your Startup
book

Do More Faster: TechStars Lessons to Accelerate Your Startup

by David Cohen, Brad Feld
October 2010
Beginner
352 pages
6h 11m
English
Wiley
Content preview from Do More Faster: TechStars Lessons to Accelerate Your Startup

Chapter 31. It's Just Data

Bill Warner

It's Just Data

Bill is the founder of Avid Technology (the pioneer in video editing software) and Wildfire Communications. He is also a co-founder of TechStars in Boston.

Good advice is a good thing, right? Therefore, lots of good advice should be an even better thing.

Well, not really. But we do it anyway at TechStars as the companies get flooded with good advice and some bad advice, too. I know, since I have provided both kinds to them.

In the TechStars Boston 2009 program, two brothers Monaghan, Mike and Tom, started a company called TempMine. The initial idea was simple: build a marketplace for temporary workers through which they can market themselves, let them sell themselves directly to hiring companies, and cut out the middleman. Tom and Mike's premise was that eliminating the agencies would be a good thing.

The summer began with advice from many fronts, including negative ones suggesting TempMine would be breaking the law, labor rules are strict and impossible to work around, and there's no way someone can work directly for companies on a 1099 wage-reporting tax form. So Mike and Tom started reworking the plan.

At the same time, I spent time talking with Tom about what really drove him to start the company in the first place. He realized that he was motivated to help people find the right job direction and he thought temping was one way to do that. This ...

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Publisher Resources

ISBN: 9780470929834Purchase book