rsummer
@rsummer
Fractional CxO | http://ricksummer.com| | Executive Coach | ex-Morningstar, ex-UBS Brinson, ex 2 U.S. and 1 Canadian startup | Runner
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If you are a running an early stage software startup, I would advise you to choose something other than Quickbooks #Quickbooks, because you are taking on risk that you can't bill customers. And they don't actually create "backups" that you can restore from.
AI
Documenting every process in your business is essential if you want to scale That will usually take you weeks or even months But I just did it in a couple of hours Yes, hours instead of months How? AI did all of the work If you want to get all the automation I used for free…
Yep!
Something I've been thinking about : Forecasting: To Predict the Future, You Have to Understand your Past buff.ly/4ezU0Ic
Updated Post: Tech debt is one of the most challenging liabilities to manage. Period. buff.ly/48NqX0g
Something I've been thinking about : Tech debt is one of the most challenging liabilities to manage. Period. buff.ly/48NqX0g
Something I've been thinking about : When Is The Last Time You Changed Your LTV Assumption? buff.ly/3HKMrQj
Something I've been thinking about : Remember the Annual Financial and Operating Plan You Finished Last Quarter? buff.ly/3SgQ6vq
I will never understand this. You hope companies are superior capital allocators earning excess returns on their investment in an arena where they have an advantage. That includes startups and late stage companies. This isn’t that.
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR microstrategy.com/en/investor-re…
strategy.com
MicroStrategy Acquires Additional 5,445 Bitcoins and Now Holds 158,245 BTC
MicroStrategy Acquires Additional 5,445 Bitcoins and Now Holds 158,245 BTC
Charles Mingus with Thelonious Monk, Roy Haynes and Charlie Parker at the Open Door in New York City, 1953. /Bob Parent
If I start seeing Gannt charts instead of a properly weighted pipeline, I’m not going to be excited.
Something I've been thinking about : How (and why) to Care About Gross Margins for Your SaaS Business buff.ly/3KQ0F4b
Art Kane’s “Great Day in Harlem” photograph was taken on this day in 1958. “Jazz had been seen as a bunch of ghoulish characters that came up after it got dark, like Dracula… this picture showed jazz musicians to be people.” –S.R., to CBC Radio (2019) theguardian.com/music/gallery/…
theguardian.com
A Great Day in Harlem: behind Art Kane's classic 1958 jazz photograph
The young Kane was working as an art director when he had the idea to photograph the luminaries of the New York jazz scene for Esquire’s 1959 Golden Age of Jazz edition
This is a pragmatic view on innovation inside of a large co. Innovation is limited or encouraged through org design, incentive structures, and budgets. Innovation rarely pays out in the next 1-2 years regarding stock price moves, rev growth, or EBIT.
Worthy Read: The Myth of the Intrapreneur by Andrew Corbett (@ProfACorbett) bit.ly/2KmdH8w #prodmgmt #ux #engineering
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