Knowing When to Hold ’em and Fold ’em


Some say that a successful startup is all about the execution, while
others say it is all about the idea and the business model one starts with.

I reckon both are very important, the idea and the execution of 10,000 sub-ideas mixed
with timing, time and patience can make this single idea a success.

I had a dream the other night where I started singing “You have to know when to hold ‘em…” and yes I think a successful startup comes about by knowing when to either hold or fold the idea and/or hold or fold the execution  of the sub-ideas. 

I also think that making these decisions can best come about through consensus and
creating an environment where we are not afraid to dispute an idea and that we can feel
confident that no one is acquiescing but actively agreeing or disagreeing.

Finally, making sure we stay focused and not to start “…count your money while sitting at the table. There’ll be time enough for counting when the dealing is done!”

This entry was posted in Agreements. Bookmark the permalink.

1 Response to Knowing When to Hold ’em and Fold ’em

  1. yeah I guess if one wants to start counting their chips then perhaps best to cash them in and leave the table. Though I think that’s easier said than done.

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