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    1. Home
    2. Science & Technology
    3. Do More Faster
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    By Brad Feld, David G. Cohen

    Do More Faster

    Science & TechnologyBusiness & EconomicsSelf-Help & Personal DevelopmentEducation & ReferenceLifestyle & Hobbies
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    Summary

    Introduction

    Picture this: you're working 80-hour weeks, your bank account is drying up, and that brilliant idea you've been nurturing feels like it's stuck in quicksand. Every day brings new challenges, from finding the right team members to figuring out what customers actually want. You're not alone in this struggle. Most startups fail not because their founders lack intelligence or passion, but because they get trapped in analysis paralysis, perfectionism, or simply don't know which battles to fight first.

    The startup journey demands a fundamentally different approach to work and life. It's about maximizing impact with minimal resources, making decisions with incomplete information, and learning from failures faster than your competition. Success comes to those who can execute rapidly while building sustainable systems, who can pivot when necessary while maintaining their core vision, and who understand that the entrepreneurial path is as much about personal growth as it is about business development.

    Build Something People Want

    The most dangerous trap for new entrepreneurs is falling in love with their own ideas instead of falling in love with solving real problems. Building something people want isn't about creating the most technically impressive product or adding every feature you can imagine. It's about identifying genuine pain points and creating solutions that people will actually pay for.

    Consider the story of Isaac Saldana and SendGrid. Isaac was working as a CTO when he encountered a frustrating problem: legitimate emails from his company were being trapped by spam filters. What started as a minor technical annoyance revealed itself as a massive industry pain point. After discovering that Yahoo! was flagging all their emails as spam, Isaac dove deep into email deliverability issues. He learned that major e-commerce companies lose fourteen million dollars for every one percent of email that doesn't reach customers. This wasn't just a technical problem—it was a business crisis affecting thousands of companies.

    To build something people want, start by immersing yourself in your target market's daily struggles. Spend time with potential customers before you write a single line of code. Ask probing questions about their current solutions and where those solutions fall short. When Isaac began offering SendGrid to companies for one hundred dollars per month, they all said yes. When he raised it to three hundred, then five hundred, they kept saying yes. This wasn't luck—it was validation that he had identified real, expensive pain.

    The key is to focus obsessively on one specific problem and solve it better than anyone else in the world. Once you've achieved that dominance, you can expand horizontally. But trying to be everything to everyone from day one is a recipe for mediocrity. Build something that a small group of people love rather than something that a large group finds merely interesting. Love creates evangelists, and evangelists create sustainable growth.

    Assemble Your Dream Team

    No successful startup is built by a single person working in isolation. The companies that achieve lasting success are built by complementary teams where individual weaknesses are covered by others' strengths. Yet many entrepreneurs struggle with fundamental team-building challenges: finding the right co-founder, hiring better people than themselves, and creating a culture that attracts top talent.

    The story of Mark O'Sullivan and Vanilla illustrates why going alone is a recipe for burnout and missed opportunities. Mark had been developing forum software single-handedly for years, making all decisions and handling every aspect of the business. When he joined TechStars, David Cohen immediately stressed the importance of having at least one co-founder. Initially resistant, Mark eventually recruited Todd Burry, a former colleague he trusted implicitly. The transformation was immediate and dramatic.

    During the intense TechStars program, Mark and Todd worked eighteen-hour days, seven days a week. Mark reflected nightly on how impossible those days would have been as a solo founder. They could divide tasks strategically—one handling meetings while the other coded, one managing business development while the other focused on technical architecture. More importantly, they could process each day's lessons together, combining perspectives to make better decisions. Their partnership allowed them to accomplish far more than the sum of their individual capabilities.

    Building your dream team starts with honest self-assessment. Identify your core strengths and then seek co-founders whose skills complement rather than duplicate yours. Look for people who share your vision and values but bring different perspectives and expertise. Create equity arrangements that reflect both past contributions and future commitments, and implement vesting schedules that protect all founders from premature departures. Most importantly, establish clear communication patterns from day one. The teams that succeed long-term are those that can navigate difficult conversations about strategy, performance, and expectations.

    Execute with Lightning Speed

    In the startup world, speed of execution often matters more than perfection of planning. While established companies can afford lengthy development cycles and comprehensive market research, startups must learn to make progress with incomplete information. The ability to move faster than larger competitors becomes your primary competitive advantage.

    Jeff Powers and Vikas Reddy from Occipital exemplified this principle when they found themselves nearly broke with ten thousand dollars in legal bills and no revenue. Instead of spending months planning their next move, they quickly pivoted to leverage their core computer vision technology. Within weeks, they launched ClearCam, a ten-dollar iPhone app that used computer vision to capture high-resolution photos. The product immediately generated positive cash flow and proved their hypothesis that they could monetize their technical expertise.

    Their success came from ruthlessly prioritizing speed over perfection. Rather than building a comprehensive platform, they extracted one valuable piece of their technology and packaged it as a simple, focused solution. When ClearCam succeeded, they applied the same rapid-execution approach to create RedLaser, which became one of the top-selling iPhone apps and was eventually acquired by eBay.

    To execute with lightning speed, you must become comfortable with launching products before you're completely proud of them. Set aggressive deadlines and stick to them, even if it means shipping with fewer features than you originally envisioned. Create systems that allow you to iterate quickly based on user feedback. Most importantly, measure everything so you can make data-driven decisions about what's working and what needs to change. Remember that in the startup game, the cost of moving too slowly almost always exceeds the cost of launching too early.

    Master the Art of Fundraising

    Fundraising is both an art and a science, requiring entrepreneurs to balance confidence with humility, vision with realism, and passion with pragmatism. The most successful fundraisers understand that investors are not just buying into a product or market opportunity—they're betting on people and their ability to execute under pressure.

    Alex White from Next Big Sound demonstrates the power of preparation and practice in fundraising success. Recognizing that fundraising was unlike anything he'd ever done before, Alex approached it with the intensity of an athlete preparing for the Olympics. He rewrote his pitch over one hundred times and practiced it more than five hundred times. He understood that investors evaluate not just the business opportunity but the founder's ability to articulate vision, handle difficult questions, and inspire confidence.

    The key insight Alex discovered was that fundraising success depends on having compelling answers to every conceivable question an investor might ask. This requires deep understanding of your market, competition, unit economics, and growth strategy. By the time he presented at TechStars Demo Day, Alex could confidently address any concern while maintaining his enthusiasm and vision for the company.

    The most effective fundraising strategy involves building relationships before you need money. Engage potential investors as advisors and mentors, seeking their guidance on strategy and execution. Let them see your progress over time rather than approaching them cold with funding requests. When you do formally fundraise, focus on getting the first third of your target amount committed, as this creates momentum that makes closing the remainder much easier. Remember that fundraising is fundamentally about storytelling—you're selling a vision of the future that you're uniquely positioned to create.

    Create Lasting Success

    Building a startup that survives and thrives requires more than just a great product and strong execution. Lasting success comes from creating sustainable systems, maintaining personal well-being, and continuously adapting to changing market conditions. The entrepreneurs who build enduring companies understand that success is a marathon, not a sprint.

    The journey of Brad Feld illustrates how personal sustainability directly impacts business success. For fifteen years, Brad operated in constant crisis mode—working obsessively, traveling constantly, and burning out every six months. Despite professional success, his personal life was deteriorating. When his wife Amy told him she was "done" unless he changed, Brad realized that his approach was ultimately self-defeating.

    The transformation began with creating structured habits around work-life balance: quarterly week-long vacations with no electronic devices, monthly "life dinners" for reflection and planning, and dedicated meditation time through running. These weren't luxuries but essential investments in long-term performance. The result was not just a happier personal life but actually improved professional effectiveness.

    Creating lasting success requires building systems that function without your constant intervention. Hire people better than you and delegate meaningful responsibilities. Develop processes that ensure quality and consistency as you scale. Most importantly, remember that taking care of your physical and mental health isn't selfish—it's essential for sustaining the energy and creativity needed for entrepreneurial success. As Brad discovered, "The balance that I've discovered has helped me understand the value of other things, which has made my work and, more importantly, my life, much more rewarding."

    Summary

    The entrepreneurial journey is ultimately about transformation—transforming ideas into products, problems into solutions, and dreams into reality. Throughout this process, speed and focus become your greatest allies. The startups that succeed are those that can move faster than their competition while maintaining clarity about what truly matters.

    The entrepreneurs who create lasting impact understand a fundamental truth: execution trumps perfection every time. Whether you're building your first product, assembling your team, or raising capital, the key is to start now with what you have rather than waiting for ideal conditions. Take immediate action by identifying one specific problem you can solve better than anyone else, then commit to solving it with relentless focus and speed. Your future self will thank you for the courage to begin today rather than waiting for tomorrow.

    About Author

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    Brad Feld

    Brad Feld, the dynamic author behind "Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist," crafts a bio that transcends mere facts to evoke the essence of entrepreneurial metamorphosis....

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