For our latest Fireside Chat (a group chat conducted using Campfire), we talked with Mark Fletcher and Marc Hedlund.
Mark Fletcher is a successful serial entrepreneur, software developer and investor, with over 20 years experience in software development and high tech. His creations include Bloglines and ONElist (which evolved into Yahoo Groups).
Marc Hedlund is an entrepreneur working on a personal finance startup, Wesabe, where he is Chief Product Officer (still pre-launch but there’s blog at Wheaties for Your Wallet.) Before Wesabe, Marc was an entrepreneur-in-residence at O’Reilly Media.
In part 1, they discuss startups, cookies, and why you should “shut up and ship.” (Moderated by Matt and Jason from 37signals.)
Hedlund: “I’m learning to appreciate luck a lot more.”
Fletcher: “What’s been successful for me is just building stuff that I needed. I’m not a good salesman, so for anything I do to be successful, it has to be a good idea (the power of the idea wins).”
Hedlund: “I think a lot of what has worked for me is not what I decide to do but how I decide to do it. Who do I hire? What do I tell them is their job? Even, as DHH says, what tools do we use? A lot of that adds up to the daily ritual being right. When the ritual is right, it works. And that set of answers probably differs a lot from person to person.”
Fried: “It seems that a lot of folks get innovation and execution confused. Execution is the key, innovation is not. Innovation is nice, but execution is the secret weapon.”
Hedlund: “I tend to run into a lot of people — myself included — who latch onto cool ideas before big needs. I talk to a lot of engineers, so that’s their common problem. Hedlund: “One guy I pitched, Bill Gurley, said it well: ‘There are a lot of walls around the size of the market.’ People needed to fit a bunch of constraints before they needed the product…Cool engineering idea, not necessarily a good business.” Transcript
The full transcript is below.
Hedlund: “One guy I pitched, Bill Gurley, said it well: ‘There are a lot of walls around the size of the market.’ People needed to fit a bunch of constraints before they needed the product…Cool engineering idea, not necessarily a good business.”