Startup: An Insiders Guide to Launching and Running a Business
Copyright 2011 by Kevin Ready
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ISBN-13 (pbk): 978-1-4302-4218-5
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TO KAZUKO, CONNOR, MITCHEL, MAE, AND
RAYMOND
Contents
About the Author
Kevin Ready loves building things and helping people to build things. Over the last 20 years, he has built, run, consulted for, and advised numerous startups and businesses. For him, there is nothing more interesting than understanding business models and the problems that entrepreneurs come up against in their markets. As he says often, It is my work and my play. I never get tired of it.
Born into a engineering family, Ready started his first company right out of college. While the venture was a success, he saw the limitations to scaling the business. As the Internet era took shape, he joined the tech wave through the late 1990s, starting several online businesses. Years before Facebook, he was a founder of a social networking site with nearly one million users. Later, he and a partner spun off and sold a digital mapping business, then moved on to become an online software and media retail business that merged with a larger rival in 2008. That same year, he became a partner at an online real estate business that was in crisis mode. By applying the lessons presented in this book, he helped turn the business around. Just 13 months later, it was acquired by a company in the newspaper industry. That businesswhere he still works as technical director and strategistnow brings in millions of dollars of profit per year and touches over 4 million consumers monthly.
In addition to his entrepreneurial ventures, he has worked in engineering positions at Dell Computer and Toshiba, and as an executive at Classified Ventures, LLC.
Acknowledgments
Many thanks to those people that have inspired my work as an entrepreneur, and to those who freely gave of their time and knowledge to assist me in putting this book together.
I especially appreciate the time I spent with my friend Joseph Wright, his father Wayne Wright, Sr., and their family during my teenage years. Observing this wonderfully entrepreneurial family, I decided that business building was a lifestyle choice worth emulating.
Special thanks to Dr. Fernando Macias, Dr. Ken Price, George Mora, and Daniel Castro, for their substantial investments of time to assist me with this manuscript
Also great thanks to Jeff Olson, my editor from Apress. Your persistence and patience are the difference that made the difference.
Preface
What we do is a function of what we know, and what we have experienced and come to understand. As entrepreneurs, we encounter myriad difficult, novel, and challenging situations that normal people will never be faced with, and we build up a library of such experiences over time. In the entrepreneurial world, this is sometimes aptly described as scar tissue, and it is with some level of respect and admiration that we say that somebody has a lot of it. Some of these experiences and lessons stand out above the others and grow to serve as a basis for the entrepreneurs decision-making ever after. This book is about scar tissue, about lessons learned, and about how we can use those lessons to make business less painful, less difficult, and more profitable.
A great interest of mine is helping motivated people to start their own businesses. I especially enjoy working with people who are absolutely excellent at something. These are folks that have an area of excellence that they have developed over many years. They have realized that they could provide greater value for themselves and their families if they focus all of their time and energy on exercising that area of excellence as a business, in the form of a startup. This is a great leap, and it is one of the most exciting moves you can make. What most people find, however, is that their area of excellence alone is not enough to carry them through the challenge of wrapping a business around it. Their core skill set (programming, DNA analysis, etc.) needs to be mated with new business skills to make it all work.
As an example, my friend John (who is a highly skilled PhD microbiologist) recently started his own genetics company. He knows DNA sequencing up and down; he has been doing it for years. It was easy for him to imagine leaving the university research environment and applying his skills for his own customers. It was so easy to imagine, in fact, that John actually quit his university research job, took out a business loan, bought a lab full of equipment, and is now on his ownand is realizing at a visceral level that he