Archive for the 'execution' Category

Hire slow, fire fast, equip early

Hire slow, fire fast. This classic advice is powerful and I’ve only violated it to my regret. Far better (for everyone on the team) to wait to bring on someone amazing. Even if that means overwork in the short run.

The opposite is true for tools - especially certain types of technology. Tool overcapacity is good.

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Dogfooding the bank

Microsoft is famous for “dogfooding” their software - they use their own software internally.  This demonstrates Microsoft’s confidence in their own products.  Even more important, dogfooding makes sure the software teams experience the same pain as real customers. 

We dogfood here.  And banks are starting to do the same - or at least the hedge funds that own them.  Tom Brown and the rest of Second Curve Capital recently explored all of the bank branches in their Manhattan neighborhood.  From the NYT: Read more »

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A giant step towards flawless execution

“Wiki”. Even the word is silly.

Say wiki out loud among responsible adults and get the same look you’d expect if you brought up your Dungeons & Dragons fairy character with strength = 10. Over Scotch at the Algonquin.

Last time, I quickly covered by bringing up wikipedia (amazing encyclopedia built with a wiki). My companions were relieved that I was not speaking complete gibberish. We hurriedly changed topics before they risked hearing about my comic book collection.

But wikis really are that important to banks, software companies - virtually any organization that has access to computers. While wikipedia is amazing, it has very little to do with the true power of a wiki in a company. Read more »

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