What especially bothers me about this sort of trend is that it forces those of us who aren't big on bullshitting to do it anyway.
The impression I've gotten is that prospective investors and the like expect that you're going to contort your numbers into a just-over-the-horizon hockey stick. So, any stance that rejects this fake 'crushing it'[1] mentality is viewed as an indication that you're failing miserably.
[1] For the record, I absolutely hate this term. I'm sure Gary Vaynerchuk is a great guy, but I think he's done the world a disservice with this asinine idiom.
"that it forces those of us who aren't big on bullshitting to do it anyway"
In a way similar to what some people do to attract the opposite (or, uh I guess in cases the same) sex. If there is a perceived big enough prize people will say what they have to say to win.
For the record early in my career with my first company I had to sell up against IBM for a contract about 500 hundred thousand dollars. I told the buyer honestly that if they wanted to be assured of making the right decision to go with IBM because of our small size. But if they wanted a team that could (I don't remember the exact wording so instead of making it up I will leave it at just something like "work harder for you" although it was obviously more creative than that). We got the contract against IBM and their professional sales team in suits and kept it for about 7 years.
>What especially bothers me about this sort of trend is that it forces those of us who aren't big on bullshitting to do it anyway.
The slippery slope that reminds me of the Harvard cheating article that was on the HN frontpage today [1]. It also reminds me of doping among professional athletes.
If others are lying/cheating/doping to get ahead and succeed, I wonder what the "right thing to do" is, for those who manage to have the perspective to think of how they should act.
> I wonder what the "right thing to do" is, for those who manage to have the perspective to think of how they should act
I'm consulting enough to pay my bills and live comfortably, while building products for which I will charge money. If these products work out, then awesome! If not, no harm done. I've learned a bunch of new skills and added some cool new pieces to my portfolio, which I can flip into picking up new clients at a higher rate.
I guess I'm pursuing a 'lifestyle' business. More power to the folks who want to raise a round of funding and work 80 hour weeks, but it's becoming less and less interesting to me over time. Especially now that I've been through a few soul-crushing startup experiences.
Nothing at all wrong with starting small and building up from there. Don't apologize. Work 80 per week in your "lifestyle" business and you will see it grow.
I'm definitely not apologizing, nor am I working 80 hours a week on my 'lifestyle' business :)
The contract I'm doing right now is, by far, the best job I've ever had. My stylist remarked to me the other day that I haven't lost any more hair in between my last two visits to him. My girlfriend thinks I'm generally more relaxed and happier than she's ever seen me.
This really resonates, having felt the pressure to bullshit since arriving in SV. But, I strongly believe succumbing to all that, would ultimately make me miserable..
Also therein lies opportunity, to stand out, to leave a lasting impression. While my network is still small, and I'm not known by many people yet, they trust me, and know they will get honest feedback, without the BS. If someone asks hows it going? I say: "I'm not really sure, today" or I "slept all day haha" or sometimes positive stuff too "super productive week", because it's ups and downs. If they don't understand that, or think I'm a loser, so be it.
Have nothing to prove or forced to say anything that isn't true. And maybe that's a luxury, so not saying this path will work for everyone, or that it's the 'best'. It's just a strategy, and so are lies, deception, inflation which I will try my hardest to avoid at all costs, because it goes against my core values.
Look, if you're talking to investors, you're most likely making a sales pitch. Any competent salesman is going to of course emphasize the positive aspects of what he's trying to sell. If you can say, "We’re operating at X run rate" and investors are going to react positively to that, you'd be stupid not to and it doesn't make you a liar, even if Mr. O'Neill doesn't find it to be a valuable metric.
I agree that there's a fine line between making a legitimate sales pitch for your startup and lying to your investors, but the article doesn't address that point at all.
Agree completely, but I think there's a world of difference between emphasizing the positive and lying. Saying "our revenue is at an annual run rate of $1mm based upon the fact that we booked $83,000 in revenue in this month" is wildly different than fabricating numbers. ARR not being a particular useful metric on its own doesn't change this.
So, the initial people start lying in order to compete, and that's bad, but when you subsequently lie in order to compete, it's okay because you're "forced" to?
"What especially bothers me about this sort of trend is that it forces those of us who aren't big on bullshitting to do it anyway."
I can't say I agree with this, the implication is that if you don't do it you will be harmed, which may be true in the short term but not in the long term [1]. I liked xo's reference to the worst argument in the world (http://lesswrong.com/lw/e95/the_worst_argument_in_the_world/) basically if you focus on the lying you miss the argument.
So when someone says "How is your startup going?" you provide the most positive answer you can come up with. This is a lie of omission if there are big clouds gathering over it, but if what you say is truthful then you've met the social obligation of responding. I've got a friend who is explicitly complete when you ask them how they are doing, with comments like "well my hemorrhoids have flared up and all the fruit I ate gave me diarrhea so my arse is pretty painful at the moment." which people find a bit off putting. You don't have to be graphic like that of course and so if you're omitting details on the principle that this other person is just making 'small talk' then I would argue that is Ok.
Now if you have a potential investor ask you "How is your startup going?" and you say "Great! Adding users like crazy, totally crushing it!" when you know you won't make payroll next month if you don't get some more money in, that is lying with an intent to deceive the investor. The goal being to get them to invest before they really find out what is going on so that afterwards it will be fine. I've known people who do this, they rationalize it by thinking "Lets assume this person has just invested the money I need, what would the status of my startup be then?" and they answer that way, because that statement will be true in the future if they invest, and if they don't invest the startup will be dead anyway so who cares. But it robs the investor of the data they need to ask critical questions. It could be that the startup really does just need a bridge investment to cross the 'chasm' (in the Geoffrey Moore sense), but it also might mean there is fundamentally something wrong like a dysfunctional engineering or marketing team. This sort of 'loose relationship with reality' is just wrong.
So pulling it back to the 'forcing' thing, this behavior erodes trust. And in so doing puts folks who engage in it at a disadvantage against those who do not. So choosing not to engage may lose you a deal today, but longer term will make you more respected which will get your more business later. And the best thing about it is you don't have to keep remembering what you said to be sure and not contradict yourself.
[1] I get the point where you don't survive to the long term which is bad.
> So pulling it back to the 'forcing' thing, this behavior erodes trust.
Yes, absolutely.
> And the best thing about it is you don't have to keep remembering what you said to be sure and not contradict yourself.
For me the most important part is maintaining self-respect. Not contradicting yourself doesn't hurt either.
What concerns me, though, is the seeming rampancy of this behavior. I wasn't in the industry for the aftermath of the first dot com bubble, so it's possible that this behavior will go away, and I just haven't seen it happen before. I'd be interested in your take on it, since your resume indicates you were in the middle of it.
It is entirely a function of fashion + money. I know that sounds stupid but it is.
The fashion part comes from what it means to be 'hip' which entirely driven by the flavor of the hour. We've talked about it on HN a bit but the best analog is that the coolness factor of 'doing a startup' got to be high enough that we got a huge influx of people who "want to do a startup" which is distinct and different from folks who "want to do X, this is the company I created to do that."
Too many people these days are doing startups like they used to do rock bands.
The second part is money. When rich people do it, especially people who were "like you" before but are now "rich" it creates a sense in folks that don't know any better that it is easy, or that anyone can do it. It is what causes people to move to LA from Nebraska to make it big in the movies.
So no, it is not a new phenomena. And the proportion of the bullshit to actual content is proportional to the fashion + money aspect. In 2000-2001 after the dot com bust was settling, none of the cool kids wanted to be startup people any more, so the people you ran into who were doing startups were more likely to be doing it because they believed in what they were doing. Now with Facebook and Google and the newly minting of a bunch of fresh twenty-something millionaires (or billionaires in some cases) the folks that mercifully left have unfortunately returned.
Spot on. Those who see a startup as the purpose of doing one are soon going to find out how hard this stuff is. Even being a freelancer is pretty tough. Its not all nice and easy. Takes a lot of work and commitment to be able to pull anything off. Thats why everytime somebody wants me to be their co-founder I tell them I already have enough of those. What I'm looking for is work of the paid variety. Something that most of these dreamers lack. :)
Off topic:
Chuck, I'm still waiting for that datacenter in my pocket idea to launch. ;)
The impression I've gotten is that prospective investors and the like expect that you're going to contort your numbers into a just-over-the-horizon hockey stick. So, any stance that rejects this fake 'crushing it'[1] mentality is viewed as an indication that you're failing miserably.
[1] For the record, I absolutely hate this term. I'm sure Gary Vaynerchuk is a great guy, but I think he's done the world a disservice with this asinine idiom.
edit: I'm not justifying engaging in this behavior at all. See http://news.ycombinator.com/item?id=4457448