Dr. Terrence E. Brown

Writing

Notes on trust, marketing, entrepreneurship and AI

November 6, 2026

You get about 3 minutes of focus before something breaks it. Nearly half the time, that something is you.

Picture a founder on a Tuesday. She opens a pricing proposal. Four minutes later she checks Slack, though nobody asked her to. Then email, then a competitor's website. An hour later the proposal is still open, and she's sure her team keeps interrupting her. Gloria Mark, a researcher at UC Irvine, shadowed 36 managers, analysts, developers, engineers and project leaders for 3 days. On average, people worked 3 minutes and 5 seconds before they switched tasks or something interrupted them. About 44% of the interruptions came from the workers themselves. Nobody pinged them. After an interruption, people took an average of 23 minutes and 15 seconds to return to the original task, with about 2 other tasks in between. They did go back to about 82% of that work the same day. The damage is the delay, repeated across roughly 12 streams of work a day. Sophie Leroy calls the leftover piece attention residue. When you leave a task unfinished, part of your attention stays with it, which leaves less for the next task, and the effect grows when the work is demanding. Here are 3 things to try for a week. They're suggestions, not research findings: 1. Close email and chat during your most important task, and check them at set times instead. 2. Before you switch to anything else, write one line about where you stopped and what comes next. 3. Tally every time you reach for your phone or open a new tab with no ping prompting you. Write the count down each evening and compare days. What's the first thing you check when work gets hard? Be honest.Read more
Picture a founder on a Tuesday. She opens a pricing proposal. Four minutes later she checks Slack, though nobody asked her to. Then email, then a competitor's website. An hour later the proposal is still open, and she's sure her team keeps interrupting her. Gloria Mark, a researcher at UC Irvine, shadowed 36 managers, analysts, developers, engineers and project leaders for 3 days. On average, people worked 3 minutes and 5 seconds before they switched tasks or something interrupted them. About 44% of the interruptions came from the workers themselves. Nobody pinged them. After an interruption, people took an average of 23 minutes and 15 seconds to return to the original task, with about 2 other tasks in between. They did go back to about 82% of that work the same day. The damage is the delay, repeated across roughly 12 streams of work a day. Sophie Leroy calls the leftover piece attention residue. When you leave a task unfinished, part of your attention stays with it, which leaves less for the next task, and the effect grows when the work is demanding. Here are 3 things to try for a week. They're suggestions, not research findings: 1. Close email and chat during your most important task, and check them at set times instead. 2. Before you switch to anything else, write one line about where you stopped and what comes next. 3. Tally every time you reach for your phone or open a new tab with no ping prompting you. Write the count down each evening and compare days. What's the first thing you check when work gets hard? Be honest.
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November 5, 2026

Xerox invited Steve Jobs in on purpose, and it wanted Apple stock in return.

The legend says he stole the Mac from a lab. The receipt says a $1 million deal. Xerox Development Corporation invested $1 million in Apple and got the right to buy 100,000 shares before the IPO. Part of the arrangement was a reciprocal look at Xerox's research lab, PARC, which began building the Alto in 1972. In December 1979, Jobs, Jef Raskin and several engineers sat through 2 sessions on the Alto: a bitmap screen, a mouse, overlapping windows, all running Smalltalk. PARC also showed them a networking demo. Jobs said, "I thought it was the best thing I'd ever seen in my life." He was visibly excited and interrupted the demo repeatedly. Then Apple built the rest, and the rest was a lot. The Alto's mouse had 3 buttons. The Mac's had 1. Apple moved the menu bar to the top of the screen, added a trash can and wrote its own rules for clicks, dialogs and alerts. Larry Tesler, who came over from PARC, and Bill Atkinson were among the Apple designers behind it. The Mac shipped in 1984. Xerox sued in 1989. The court ruled that Xerox filed too late, and that the elements it claimed weren't protectable. PARC researcher Alan Kay said of the Mac: "The Mac is the first personal computer good enough to be worth criticizing." Jobs put it this way: Apple and Microsoft both took an idea from Xerox, not an implementation. "Stole" is the wrong word. Xerox had the idea and Apple had the product, and the product is the harder part. A clever demo in a lab doesn't get you a computer that a stranger can use on day one. Where do you draw the line between borrowing an idea and stealing one?Read more
The legend says he stole the Mac from a lab. The receipt says a $1 million deal. Xerox Development Corporation invested $1 million in Apple and got the right to buy 100,000 shares before the IPO. Part of the arrangement was a reciprocal look at Xerox's research lab, PARC, which began building the Alto in 1972. In December 1979, Jobs, Jef Raskin and several engineers sat through 2 sessions on the Alto: a bitmap screen, a mouse, overlapping windows, all running Smalltalk. PARC also showed them a networking demo. Jobs said, "I thought it was the best thing I'd ever seen in my life." He was visibly excited and interrupted the demo repeatedly. Then Apple built the rest, and the rest was a lot. The Alto's mouse had 3 buttons. The Mac's had 1. Apple moved the menu bar to the top of the screen, added a trash can and wrote its own rules for clicks, dialogs and alerts. Larry Tesler, who came over from PARC, and Bill Atkinson were among the Apple designers behind it. The Mac shipped in 1984. Xerox sued in 1989. The court ruled that Xerox filed too late, and that the elements it claimed weren't protectable. PARC researcher Alan Kay said of the Mac: "The Mac is the first personal computer good enough to be worth criticizing." Jobs put it this way: Apple and Microsoft both took an idea from Xerox, not an implementation. "Stole" is the wrong word. Xerox had the idea and Apple had the product, and the product is the harder part. A clever demo in a lab doesn't get you a computer that a stranger can use on day one. Where do you draw the line between borrowing an idea and stealing one?
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November 4, 2026

Stop calling your coworker Dunning-Kruger.

The idea started with a man who put lemon juice on his face and robbed 2 banks. He was sure it made him invisible to security cameras. His name was McArthur Wheeler, and the year was 1995. The footage aired on the evening news, tips came in, and police arrested him. He reportedly protested, "But I wore the lemon juice!" Psychologist David Dunning and his graduate student Justin Kruger read about the case, and it inspired their research. In 1999 they tested Cornell undergraduates on humor, logic and grammar. The students who landed in the bottom quartile scored around the 12th percentile. They guessed they were around the 62nd. Many of us remember the lesson as "stupid people think they're smart." That's not what the paper says. Its claim is narrower: people who lack skill at a task also lack the skill to judge how they're doing at it. The top scorers made the opposite mistake: they underrated themselves, because they assumed others knew as much as they did. Then the pushback came. In 2022, Magnus and Peresetsky analyzed 665 students and called the effect a statistical artifact. Dunning points to a 2017 study that sorted students by earlier grades instead of the same test, and says the pattern held. The fight is over why it happens, not whether it does. Picture the meeting. Someone loses an argument, and out comes "classic Dunning-Kruger." Here's my take: Dunning-Kruger has become the polite way to call someone an idiot in a meeting or a comment section. Scientists are still arguing about the cause. Use it on a coworker and you're winning an argument with a contested explanation, not diagnosing anything. Which smart-sounding term gets misused most where you work?Read more
The idea started with a man who put lemon juice on his face and robbed 2 banks. He was sure it made him invisible to security cameras. His name was McArthur Wheeler, and the year was 1995. The footage aired on the evening news, tips came in, and police arrested him. He reportedly protested, "But I wore the lemon juice!" Psychologist David Dunning and his graduate student Justin Kruger read about the case, and it inspired their research. In 1999 they tested Cornell undergraduates on humor, logic and grammar. The students who landed in the bottom quartile scored around the 12th percentile. They guessed they were around the 62nd. Many of us remember the lesson as "stupid people think they're smart." That's not what the paper says. Its claim is narrower: people who lack skill at a task also lack the skill to judge how they're doing at it. The top scorers made the opposite mistake: they underrated themselves, because they assumed others knew as much as they did. Then the pushback came. In 2022, Magnus and Peresetsky analyzed 665 students and called the effect a statistical artifact. Dunning points to a 2017 study that sorted students by earlier grades instead of the same test, and says the pattern held. The fight is over why it happens, not whether it does. Picture the meeting. Someone loses an argument, and out comes "classic Dunning-Kruger." Here's my take: Dunning-Kruger has become the polite way to call someone an idiot in a meeting or a comment section. Scientists are still arguing about the cause. Use it on a coworker and you're winning an argument with a contested explanation, not diagnosing anything. Which smart-sounding term gets misused most where you work?
On LinkedIn →

November 3, 2026

Klarna bragged that its AI did the work of 700 people. Then the CEO admitted the quality was lower.

In February 2024, Klarna's AI assistant handled 2.3 million customer chats in 4 weeks. Resolution time dropped from 11 minutes to under 2. The company projected $40 million in extra profit. Hiring paused, and by December 2024 headcount was down 22%, mostly through attrition. Every number in the announcement looked good, and it seemed like the future of customer service. In May 2025, CEO Sebastian Siemiatkowski told Bloomberg the AI was cheaper but produced lower quality. Klarna started recruiting human support staff again. His words: "there will always be a human if you want." By February 2026, the plan had turned stranger. Klarna now wants its passionate customers to work as part-time support agents, the way people drive for Uber. Human help becomes the premium option. The company says headcount has fallen from about 7,000 to about 3,000. The first announcement led with speed, cost and volume. Klarna did report 25% fewer repeat inquiries, which is a start. But a fast, wrong answer still looks like a closed ticket, and quality's harder to count. Nobody lied here. The speed and the savings were real. The trouble is that a dashboard only shows what someone decided to count. Here's my take: when you automate a job, you automate whatever you can measure first. Before you cut people, decide how you'll know customers are better off, not only that they got answers faster. Write that down before the cut, not after the headline, and name who checks it. Would you take a fast answer from a bot or a slower one from a human? Tell me why.Read more
In February 2024, Klarna's AI assistant handled 2.3 million customer chats in 4 weeks. Resolution time dropped from 11 minutes to under 2. The company projected $40 million in extra profit. Hiring paused, and by December 2024 headcount was down 22%, mostly through attrition. Every number in the announcement looked good, and it seemed like the future of customer service. In May 2025, CEO Sebastian Siemiatkowski told Bloomberg the AI was cheaper but produced lower quality. Klarna started recruiting human support staff again. His words: "there will always be a human if you want." By February 2026, the plan had turned stranger. Klarna now wants its passionate customers to work as part-time support agents, the way people drive for Uber. Human help becomes the premium option. The company says headcount has fallen from about 7,000 to about 3,000. The first announcement led with speed, cost and volume. Klarna did report 25% fewer repeat inquiries, which is a start. But a fast, wrong answer still looks like a closed ticket, and quality's harder to count. Nobody lied here. The speed and the savings were real. The trouble is that a dashboard only shows what someone decided to count. Here's my take: when you automate a job, you automate whatever you can measure first. Before you cut people, decide how you'll know customers are better off, not only that they got answers faster. Write that down before the cut, not after the headline, and name who checks it. Would you take a fast answer from a bot or a slower one from a human? Tell me why.
On LinkedIn →

November 2, 2026

Wells Fargo's goal was eight products for every customer. CEO John Stumpf explained the number this way: "Eight rhymes with great." In 2020 the bank agreed…

For years, the bank judged itself by products per customer, and the number kept climbing. American Banker reports it went from 3.2 per retail banking household in 1998 to 5.2 in 2006. An internal document that year pushed "Going for Gr-eight." Years later, regulators looked inside the number. In 2016 the CFPB said employees had opened accounts customers never asked for, to hit sales targets and earn bonuses. More than 2 million deposit and credit card accounts may have been unauthorized. About 5,300 employees were fired over it between 2011 and 2016. The cross-sell ratio never showed any of this. The bank paid $185 million in fines to the CFPB, the Los Angeles City Attorney and the OCC. As of 2016, it had refunded $2.6 million in fees to customers, which it said averaged $25 each. A later analysis put the account total near 3.5 million. Regulators blamed the sales targets and the incentive pay, not the goal of eight by itself. Plenty of customers do want a checking account, a card and a mortgage from one bank. But a per-customer target is easy to hit without the customer ever knowing. My opinion: any metric an employee can hit behind the customer's back is measuring your employees, not your customers. Before you set a per-customer target, ask whether someone could meet it without the customer noticing. If they could, the number will tell you less than you think. Which of your KPIs could be hit with zero customers knowing?Read more
For years, the bank judged itself by products per customer, and the number kept climbing. American Banker reports it went from 3.2 per retail banking household in 1998 to 5.2 in 2006. An internal document that year pushed "Going for Gr-eight." Years later, regulators looked inside the number. In 2016 the CFPB said employees had opened accounts customers never asked for, to hit sales targets and earn bonuses. More than 2 million deposit and credit card accounts may have been unauthorized. About 5,300 employees were fired over it between 2011 and 2016. The cross-sell ratio never showed any of this. The bank paid $185 million in fines to the CFPB, the Los Angeles City Attorney and the OCC. As of 2016, it had refunded $2.6 million in fees to customers, which it said averaged $25 each. A later analysis put the account total near 3.5 million. Regulators blamed the sales targets and the incentive pay, not the goal of eight by itself. Plenty of customers do want a checking account, a card and a mortgage from one bank. But a per-customer target is easy to hit without the customer ever knowing. My opinion: any metric an employee can hit behind the customer's back is measuring your employees, not your customers. Before you set a per-customer target, ask whether someone could meet it without the customer noticing. If they could, the number will tell you less than you think. Which of your KPIs could be hit with zero customers knowing?
On LinkedIn →

November 1, 2026

"70% of mergers fail." You've heard it. The research behind that number measures something other than losing money.

A 2011 Harvard Business Review article cited a 70% to 90% failure rate without naming the studies. It also said companies spend more than $2 trillion a year on acquisitions. In 2024, Baruch Lev and Feng Gu analyzed more than 40,000 deals over about 40 years. They counted a deal as failed if it missed its stated goals: sales growth, cost savings or a steady share price for the buyer. On that measure, 70% to 75% failed, and the rate has risen. Missing a goal isn't destroying value. Moeller, Schlingemann and Stulz studied the 1998 to 2001 merger wave. Acquirers' shareholders lost about $240 billion at announcement. A small number of announcements by very highly valued firms accounted for most of that. Without them, acquirer wealth would have risen. AOL's deal for Time Warner, announced in 2000 at about $160 billion, shows how big one deal can get. For fiscal 2002, AOL Time Warner reported a $98.7 billion net loss, mostly a $99 billion goodwill write-off. It was the largest annual loss of any company in history. I don't know whether that deal was in the Moeller sample. The two studies use different yardsticks and different eras, so neither proves the other. They do point the same way: missing goals is common, and the biggest losses cluster in a few giant deals. My opinion, not the authors': stop quoting 70% as if it means deals lose money. If you're selling a company, or working for one that's being bought, the price, the buyer's valuation and the integration plan tell you more. Is a merger that misses its goals a failure, or only one that loses money?Read more
A 2011 Harvard Business Review article cited a 70% to 90% failure rate without naming the studies. It also said companies spend more than $2 trillion a year on acquisitions. In 2024, Baruch Lev and Feng Gu analyzed more than 40,000 deals over about 40 years. They counted a deal as failed if it missed its stated goals: sales growth, cost savings or a steady share price for the buyer. On that measure, 70% to 75% failed, and the rate has risen. Missing a goal isn't destroying value. Moeller, Schlingemann and Stulz studied the 1998 to 2001 merger wave. Acquirers' shareholders lost about $240 billion at announcement. A small number of announcements by very highly valued firms accounted for most of that. Without them, acquirer wealth would have risen. AOL's deal for Time Warner, announced in 2000 at about $160 billion, shows how big one deal can get. For fiscal 2002, AOL Time Warner reported a $98.7 billion net loss, mostly a $99 billion goodwill write-off. It was the largest annual loss of any company in history. I don't know whether that deal was in the Moeller sample. The two studies use different yardsticks and different eras, so neither proves the other. They do point the same way: missing goals is common, and the biggest losses cluster in a few giant deals. My opinion, not the authors': stop quoting 70% as if it means deals lose money. If you're selling a company, or working for one that's being bought, the price, the buyer's valuation and the integration plan tell you more. Is a merger that misses its goals a failure, or only one that loses money?
On LinkedIn →

October 31, 2026

Google's famous 20% time? Its own head of HR estimated people spent about 10% of their time on side projects.

Laszlo Bock wrote in Work Rules! that "the idea of 20 per cent time is more important than the reality of it." Marissa Mayer, a former Google executive, called it "really 120% time," meaning the real commitment was extra, on top of the job. The gap between the policy and the practice is the story. The popular version: Google's engineers got a day a week to build whatever they wanted, and its hits came from that. The founders' 2004 IPO letter did say employees should spend 20% of their time working on what they think will most benefit Google. Some products did start there. AdSense was reportedly built by a team led by Susan Wojcicki in theirs, and Dremel began as one in 2006. Gmail is disputed: its creator, Paul Buchheit, told Time it was an official assignment, while other accounts call it a 20% project. In August 2013, Quartz reported, citing former employees, that the program was effectively dead. Engineers needed manager approval, and managers, judged on their team's output, were discouraged from granting it. Larry Page had become CEO in 2011 and was narrowing the company's focus. Google has since said 20% time still exists. Beyond Bock's estimate, I couldn't find usage numbers. My opinion, not Google's: 20% time was a recruiting poster more than a policy. My read is that without protected hours, it worked mostly for people willing to do it on top of their jobs. If you copy the perk, protect the hours on the calendar and count who uses it. A perk nobody can use is a slogan. What perk did your company promise that nobody could use?Read more
Laszlo Bock wrote in Work Rules! that "the idea of 20 per cent time is more important than the reality of it." Marissa Mayer, a former Google executive, called it "really 120% time," meaning the real commitment was extra, on top of the job. The gap between the policy and the practice is the story. The popular version: Google's engineers got a day a week to build whatever they wanted, and its hits came from that. The founders' 2004 IPO letter did say employees should spend 20% of their time working on what they think will most benefit Google. Some products did start there. AdSense was reportedly built by a team led by Susan Wojcicki in theirs, and Dremel began as one in 2006. Gmail is disputed: its creator, Paul Buchheit, told Time it was an official assignment, while other accounts call it a 20% project. In August 2013, Quartz reported, citing former employees, that the program was effectively dead. Engineers needed manager approval, and managers, judged on their team's output, were discouraged from granting it. Larry Page had become CEO in 2011 and was narrowing the company's focus. Google has since said 20% time still exists. Beyond Bock's estimate, I couldn't find usage numbers. My opinion, not Google's: 20% time was a recruiting poster more than a policy. My read is that without protected hours, it worked mostly for people willing to do it on top of their jobs. If you copy the perk, protect the hours on the calendar and count who uses it. A perk nobody can use is a slogan. What perk did your company promise that nobody could use?
On LinkedIn →

October 30, 2026

Trip.com let birthdays decide who worked from home. Quitting dropped by a third, and output held.

Amazon told corporate staff to be in the office 5 days a week from January 2025, citing collaboration, innovation and cultural connection. The belief behind that: being together in the office makes teams do better work. Trip.com tested a version of that. Starting in 2021, its Shanghai office ran a 6-month experiment with 1,612 employees in engineering, marketing, accounting and finance. Employees with even-numbered birthdays came in 5 days a week. Employees with odd-numbered birthdays worked from home 2 days a week. Stanford's Nick Bloom and colleagues published it in Nature in 2024. There was no measurable effect on output, including engineers' code quantity and quality. Promotion rates were equal in reviews for up to 2 years afterward. Resignations fell 33% in the hybrid group, all of it among non-managers. Women, non-managers and long commuters were least likely to leave. Home isn't a free win, though. An earlier trial at Ctrip, as the company was then called, put 249 call center employees at home 4 days a week. They made about 13% more calls and quit half as often, but were promoted less often than office peers with similar performance. It was one company, mostly university-educated professionals, in one office. My opinion, not Bloom's: a 5-day mandate is a bet that collaboration, innovation and culture are worth more than the people it costs you. Amazon may win that bet. But the output data in this trial shows no gain from the extra 2 days in the office. Before you set office days, write down what you expect to gain and how you'll measure it. Odd birthdays versus even is a cheap way to run the test. Would you let your birthday decide your office days?Read more
Amazon told corporate staff to be in the office 5 days a week from January 2025, citing collaboration, innovation and cultural connection. The belief behind that: being together in the office makes teams do better work. Trip.com tested a version of that. Starting in 2021, its Shanghai office ran a 6-month experiment with 1,612 employees in engineering, marketing, accounting and finance. Employees with even-numbered birthdays came in 5 days a week. Employees with odd-numbered birthdays worked from home 2 days a week. Stanford's Nick Bloom and colleagues published it in Nature in 2024. There was no measurable effect on output, including engineers' code quantity and quality. Promotion rates were equal in reviews for up to 2 years afterward. Resignations fell 33% in the hybrid group, all of it among non-managers. Women, non-managers and long commuters were least likely to leave. Home isn't a free win, though. An earlier trial at Ctrip, as the company was then called, put 249 call center employees at home 4 days a week. They made about 13% more calls and quit half as often, but were promoted less often than office peers with similar performance. It was one company, mostly university-educated professionals, in one office. My opinion, not Bloom's: a 5-day mandate is a bet that collaboration, innovation and culture are worth more than the people it costs you. Amazon may win that bet. But the output data in this trial shows no gain from the extra 2 days in the office. Before you set office days, write down what you expect to gain and how you'll measure it. Odd birthdays versus even is a cheap way to run the test. Would you let your birthday decide your office days?
On LinkedIn →

October 29, 2026

In a 30-year simulation, Jack Welch's fire-the-bottom-10% rule paid off fast. Then the gains faded.

The belief: cutting the weakest 10% every year makes a company stronger. In a model, it does, for a while. At GE, managers ranked employees into 20% top, 70% middle and 10% bottom. Employees called it rank and yank. Welch called it differentiation and defended it in his 1999 letter to GE shareholders. In his memoir, he wrote that by the third year of forced firings, "it's war." In 2005, Steve Scullen and his co-authors published a computer simulation of these systems in Personnel Psychology. Workforce potential rose about 16% a year in the first 2 years. By year 6, the gain was about 2% a year. By year 10, about 1%. After year 20, nothing. In the best case, average workforce potential ended 48% higher. That's a model, not GE's results. It measured workforce potential, not company performance, and it left out morale, hiring and retention. Quartz reported that GE dropped formal forced ranking about 10 years before it dropped annual reviews in 2015. Microsoft ended stack ranking in 2013, a year after Vanity Fair reported that every current and former employee it interviewed called it the most destructive process inside the company. Same direction, different evidence. It doesn't prove the model. My opinion, not Scullen's: in year 1, you cut mismatches. In year 3, you cut people who were fine. Before you adopt a ranking rule, write down what you'll do in year 3, when the obvious cases are gone. If the answer is "cut anyway," you're paying for the system long after its gains have faded. Have you worked under forced ranking? What happened in year 3?Read more
The belief: cutting the weakest 10% every year makes a company stronger. In a model, it does, for a while. At GE, managers ranked employees into 20% top, 70% middle and 10% bottom. Employees called it rank and yank. Welch called it differentiation and defended it in his 1999 letter to GE shareholders. In his memoir, he wrote that by the third year of forced firings, "it's war." In 2005, Steve Scullen and his co-authors published a computer simulation of these systems in Personnel Psychology. Workforce potential rose about 16% a year in the first 2 years. By year 6, the gain was about 2% a year. By year 10, about 1%. After year 20, nothing. In the best case, average workforce potential ended 48% higher. That's a model, not GE's results. It measured workforce potential, not company performance, and it left out morale, hiring and retention. Quartz reported that GE dropped formal forced ranking about 10 years before it dropped annual reviews in 2015. Microsoft ended stack ranking in 2013, a year after Vanity Fair reported that every current and former employee it interviewed called it the most destructive process inside the company. Same direction, different evidence. It doesn't prove the model. My opinion, not Scullen's: in year 1, you cut mismatches. In year 3, you cut people who were fine. Before you adopt a ranking rule, write down what you'll do in year 3, when the obvious cases are gone. If the answer is "cut anyway," you're paying for the system long after its gains have faded. Have you worked under forced ranking? What happened in year 3?
On LinkedIn →

October 28, 2026

Being first to market is supposed to win. Yahoo paid $1.63 billion for the first company that made paid search work. Google built the bigger business.

The pioneer was GoTo.com, later renamed Overture. In 1998 it was the first to successfully sell bid-based placement in search results. Advertisers paid each time someone clicked. Overture ranked ads by bid alone. When Google launched AdWords Select in February 2002, it ranked ads by bid multiplied by the estimated chance of a click, so ads people actually clicked rose. Yahoo, Overture's biggest customer, bought it in October 2003. Overture got a good exit. Google built the larger business. That's one story, so here's the wider evidence. In 1993, Golder and Tellis studied about 500 brands in 50 product categories. Of the market pioneers, 47% had failed, and their average market share was 10%. The early market leaders were a different group. They arrived about 13 years later on average, only 8% of them had failed, and their average share was 28%. My opinion, not Golder and Tellis's: being first gives you the lesson, not the lead. The pioneer pays to learn what customers will pay for, and the next company often gets to improve on it. It isn't a law. The study looks back at past markets, so treat it as a strong signal, not a forecast. Suarez and Lanzolla argued in 2005 that first-mover advantage depends on conditions, and network effects can lock it in. Before you rush to be first, name what protects you once someone copies you: a network, a cost edge, a patent that holds. If the answer is "we launched first," you're funding a competitor's research. Name a pioneer that a follower beat. I'll start with Overture.Read more
The pioneer was GoTo.com, later renamed Overture. In 1998 it was the first to successfully sell bid-based placement in search results. Advertisers paid each time someone clicked. Overture ranked ads by bid alone. When Google launched AdWords Select in February 2002, it ranked ads by bid multiplied by the estimated chance of a click, so ads people actually clicked rose. Yahoo, Overture's biggest customer, bought it in October 2003. Overture got a good exit. Google built the larger business. That's one story, so here's the wider evidence. In 1993, Golder and Tellis studied about 500 brands in 50 product categories. Of the market pioneers, 47% had failed, and their average market share was 10%. The early market leaders were a different group. They arrived about 13 years later on average, only 8% of them had failed, and their average share was 28%. My opinion, not Golder and Tellis's: being first gives you the lesson, not the lead. The pioneer pays to learn what customers will pay for, and the next company often gets to improve on it. It isn't a law. The study looks back at past markets, so treat it as a strong signal, not a forecast. Suarez and Lanzolla argued in 2005 that first-mover advantage depends on conditions, and network effects can lock it in. Before you rush to be first, name what protects you once someone copies you: a network, a cost edge, a patent that holds. If the answer is "we launched first," you're funding a competitor's research. Name a pioneer that a follower beat. I'll start with Overture.
On LinkedIn →

October 27, 2026

Netflix paid $1 million for the winning algorithm, then never launched it.

Everyone says the crowd is smarter than your team. Smarter at what? In 2006, Netflix offered $1 million to anyone who could make its movie recommendations 10% more accurate than its own system, Cinematch. More than 40,000 teams from 186 countries entered. In 2007, the leaders reached 8.43% with 107 algorithms, reportedly after about 2,000 hours of work. Then progress slowed sharply, and rivals started forming partnerships. In September 2009, BellKor's Pragmatic Chaos, a merger of 3 teams, won with a 10.06% improvement after nearly 3 years. Another team posted the same score and lost by minutes. The crowd delivered exactly what Netflix asked for. Then Netflix passed on running it. In 2012, Netflix explained why it passed. The winning entry blended hundreds of models, and the extra accuracy didn't justify the engineering needed to run it. The company's focus had also moved on. Streaming changed the problem: Netflix could now see what members watched, so their ratings mattered less. Some earlier prize work did ship, though not the grand prize winner. I use this case in my crowdsourcing research. A crowd can beat your in-house team at a problem you've defined well. It won't tell you the problem has moved. My opinion, not Netflix's: the $1 million bought the best answer to a question that mattered less by the time the contest ended. Before you run a contest, a bounty or an open call, write down what you'll do with the winning answer. If you can't ship it, price it or run it, you're buying a trophy. Where have you seen a great answer to the wrong question? Tell me below.Read more
Everyone says the crowd is smarter than your team. Smarter at what? In 2006, Netflix offered $1 million to anyone who could make its movie recommendations 10% more accurate than its own system, Cinematch. More than 40,000 teams from 186 countries entered. In 2007, the leaders reached 8.43% with 107 algorithms, reportedly after about 2,000 hours of work. Then progress slowed sharply, and rivals started forming partnerships. In September 2009, BellKor's Pragmatic Chaos, a merger of 3 teams, won with a 10.06% improvement after nearly 3 years. Another team posted the same score and lost by minutes. The crowd delivered exactly what Netflix asked for. Then Netflix passed on running it. In 2012, Netflix explained why it passed. The winning entry blended hundreds of models, and the extra accuracy didn't justify the engineering needed to run it. The company's focus had also moved on. Streaming changed the problem: Netflix could now see what members watched, so their ratings mattered less. Some earlier prize work did ship, though not the grand prize winner. I use this case in my crowdsourcing research. A crowd can beat your in-house team at a problem you've defined well. It won't tell you the problem has moved. My opinion, not Netflix's: the $1 million bought the best answer to a question that mattered less by the time the contest ended. Before you run a contest, a bounty or an open call, write down what you'll do with the winning answer. If you can't ship it, price it or run it, you're buying a trophy. Where have you seen a great answer to the wrong question? Tell me below.
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October 26, 2026

A small fine made parents twice as late. Removing it didn't fix it.

If you manage people with late fees or penalty clauses, 10 daycare centers in Haifa have bad news for you. In a 1998 field study by Gneezy and Rustichini, 6 centers charged parents 10 shekels per child for arriving 10 or more minutes late. 4 centers changed nothing. In the fined centers, late pickups averaged about 8 a week at the start and about 16 a week over the next 12 weeks. The no-fine centers stayed roughly level, around 10 and then 9. After the fine was removed with no explanation, the fined centers averaged about 19 a week. Those group averages are mine, taken from the paper's center-level table. The authors offer several explanations and say the data can't separate them. One: the fine told parents that being late costs only 10 shekels. Another: lateness had been a favor to the teachers, and the fine turned it into a service you can buy. My opinion, not the authors': a small penalty can work like a price list. Once people can pay their way out of feeling bad, the guilt goes. Within the 4 weeks measured, taking the fee away didn't bring it back. It was 10 centers, one city and 4 weeks after the removal, so treat it as a strong clue, not a law. Try it. Before you add a late fee or a penalty, ask five people what they think happens today when they're late. If the honest answer is "an awkward conversation," a small fee may tell them the cost is lower than they assumed. That's my extrapolation, since the study didn't test employees. Test it on one team first, and keep the reason for the rule in the message. Have you seen a penalty make a problem bigger?Read more
If you manage people with late fees or penalty clauses, 10 daycare centers in Haifa have bad news for you. In a 1998 field study by Gneezy and Rustichini, 6 centers charged parents 10 shekels per child for arriving 10 or more minutes late. 4 centers changed nothing. In the fined centers, late pickups averaged about 8 a week at the start and about 16 a week over the next 12 weeks. The no-fine centers stayed roughly level, around 10 and then 9. After the fine was removed with no explanation, the fined centers averaged about 19 a week. Those group averages are mine, taken from the paper's center-level table. The authors offer several explanations and say the data can't separate them. One: the fine told parents that being late costs only 10 shekels. Another: lateness had been a favor to the teachers, and the fine turned it into a service you can buy. My opinion, not the authors': a small penalty can work like a price list. Once people can pay their way out of feeling bad, the guilt goes. Within the 4 weeks measured, taking the fee away didn't bring it back. It was 10 centers, one city and 4 weeks after the removal, so treat it as a strong clue, not a law. Try it. Before you add a late fee or a penalty, ask five people what they think happens today when they're late. If the honest answer is "an awkward conversation," a small fee may tell them the cost is lower than they assumed. That's my extrapolation, since the study didn't test employees. Test it on one team first, and keep the reason for the rule in the message. Have you seen a penalty make a problem bigger?
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October 25, 2026

Same two pieces of candy. Handed over together with the check, the average tip went from 18.95% of the bill to 21.62%. Split into one with the check and one…

That's from a 2002 study by Strohmetz, Rind, Fisher and Lynn at an upscale Italian-American restaurant in New Jersey. One server, 80 dining parties, 20 per condition. One piece alone barely moved it, to 19.59%. If you've read that mints raised tips 23%, check that number. 22.99% is the average tip in the best group, not the increase. The paper reports a 21% rise in total tips for it. In Study 1 of the same paper, with 92 parties in an Ithaca restaurant, chocolate with the check lifted tips from 15.06% to 17.84%. The authors say reciprocity explains the results better than good mood or impression management. Their reasoning: the second piece scored higher than getting both at once, and the effect grew with party size. My opinion, not the authors': I suspect people read a separate second extra as a choice made for them, and a bundled one as policy. It may also be that the server came back to the table, which is attention, not candy. The study didn't test either. It was one server, one restaurant and 20 parties per condition, and the authors said the generalizability needs testing. Try it. Take the standard thing you already give, like a welcome email or a thank-you note. Keep it. Add one small, personal extra at the end of the interaction, for every other customer. Compare something immediate, like reply rate, referrals or on-time payment. Don't compare this month with last month. What's the standard freebie you give that nobody notices?Read more
That's from a 2002 study by Strohmetz, Rind, Fisher and Lynn at an upscale Italian-American restaurant in New Jersey. One server, 80 dining parties, 20 per condition. One piece alone barely moved it, to 19.59%. If you've read that mints raised tips 23%, check that number. 22.99% is the average tip in the best group, not the increase. The paper reports a 21% rise in total tips for it. In Study 1 of the same paper, with 92 parties in an Ithaca restaurant, chocolate with the check lifted tips from 15.06% to 17.84%. The authors say reciprocity explains the results better than good mood or impression management. Their reasoning: the second piece scored higher than getting both at once, and the effect grew with party size. My opinion, not the authors': I suspect people read a separate second extra as a choice made for them, and a bundled one as policy. It may also be that the server came back to the table, which is attention, not candy. The study didn't test either. It was one server, one restaurant and 20 parties per condition, and the authors said the generalizability needs testing. Try it. Take the standard thing you already give, like a welcome email or a thank-you note. Keep it. Add one small, personal extra at the end of the interaction, for every other customer. Compare something immediate, like reply rate, referrals or on-time payment. Don't compare this month with last month. What's the standard freebie you give that nobody notices?
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October 24, 2026

A hotel sign told guests that 75% of people who stayed in their exact room had joined the towel-reuse program. Reuse hit 49.3%, against 37.2% for the…

In 2008, Noah Goldstein, Robert Cialdini and Vladas Griskevicius tested signs at a midsized hotel in the Southwest. In the first test, 80 days with rooms randomly assigned, a "most guests" sign beat the standard sign 44.1% to 35.1%. A second test ran 53 days. Signs citing fellow guests, fellow citizens and your own gender landed between the two at 44.0%, 43.5% and 40.9%. Here's the odd part. The authors say the room fact was no more informative than a hotel-wide one. It still won. Their guess is that people feel tied to others who shared their situation. Whether the rarity of that shared identity matters hasn't been tested, and 49.3% against 44.0% is a small gap, so I wouldn't lean on it alone. Note what the norm signs did. They kept the environmental appeal and added what other guests had done. My opinion, not the authors' conclusion: when we ask people for something, most of us explain why. This study suggests a true fact about what their peers already do is worth testing alongside the reason. It was one hotel, with strangers making a one-time choice, so treat it as a clue. The first test landed right at the usual cutoff for significance, and it only works if the statement is true. Try it. Pick one request you keep repeating, like timesheets. Note this month's on-time rate. Next month, keep your reason and add one true line, such as "Most people on your team submit by Friday." Then compare. Which request do you keep explaining that a peer fact might help?Read more
In 2008, Noah Goldstein, Robert Cialdini and Vladas Griskevicius tested signs at a midsized hotel in the Southwest. In the first test, 80 days with rooms randomly assigned, a "most guests" sign beat the standard sign 44.1% to 35.1%. A second test ran 53 days. Signs citing fellow guests, fellow citizens and your own gender landed between the two at 44.0%, 43.5% and 40.9%. Here's the odd part. The authors say the room fact was no more informative than a hotel-wide one. It still won. Their guess is that people feel tied to others who shared their situation. Whether the rarity of that shared identity matters hasn't been tested, and 49.3% against 44.0% is a small gap, so I wouldn't lean on it alone. Note what the norm signs did. They kept the environmental appeal and added what other guests had done. My opinion, not the authors' conclusion: when we ask people for something, most of us explain why. This study suggests a true fact about what their peers already do is worth testing alongside the reason. It was one hotel, with strangers making a one-time choice, so treat it as a clue. The first test landed right at the usual cutoff for significance, and it only works if the statement is true. Try it. Pick one request you keep repeating, like timesheets. Note this month's on-time rate. Next month, keep your reason and add one true line, such as "Most people on your team submit by Friday." Then compare. Which request do you keep explaining that a peer fact might help?
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October 23, 2026

In 1982, Mars said no to putting M&M's in E.T. Nobody can tell you what that no cost.

Hershey said yes, and it didn't pay for the placement. Reese's Pieces got the part. It was reportedly Hershey's first Hollywood partnership. According to the popular story, the filmmakers wanted M&M's for the scene where Elliott lures the alien into the house with candy. Snopes confirms Mars was approached and passed. The reasons you'll hear are lore, and nobody has verified them. Here's what's documented. After the film's release, Hershey agreed to spend $1 million on advertising that promoted E.T., in return for the right to use the character in its own ads. Sales rose within two weeks, but the size depends on who you ask. Sources say they tripled, jumped 85%, or rose 65%. I couldn't find one reliable number. My opinion, not a finding from either company: when you say yes, the cost lands on an invoice. When you say no, nothing gets recorded. No one writes a report called "what that deal would have been worth," so a no looks safe. That doesn't make it right or wrong. It makes it unmeasured. One warning. We only tell this story because the movie became a hit. Had it flopped, nobody would remember the no, or the yes. So I can't tell you Mars was wrong. I can tell you they had no way to find out. You can fix that for your own decisions. Once a quarter, list the 3 biggest proposals you declined. Write down your reasoning and what you expected to happen. A year later, compare, and judge the reasoning, not only the result. A no with a written reason can be checked. A no from memory can't. What's the last big "no" you gave, and how would you know if it was wrong?Read more
Hershey said yes, and it didn't pay for the placement. Reese's Pieces got the part. It was reportedly Hershey's first Hollywood partnership. According to the popular story, the filmmakers wanted M&M's for the scene where Elliott lures the alien into the house with candy. Snopes confirms Mars was approached and passed. The reasons you'll hear are lore, and nobody has verified them. Here's what's documented. After the film's release, Hershey agreed to spend $1 million on advertising that promoted E.T., in return for the right to use the character in its own ads. Sales rose within two weeks, but the size depends on who you ask. Sources say they tripled, jumped 85%, or rose 65%. I couldn't find one reliable number. My opinion, not a finding from either company: when you say yes, the cost lands on an invoice. When you say no, nothing gets recorded. No one writes a report called "what that deal would have been worth," so a no looks safe. That doesn't make it right or wrong. It makes it unmeasured. One warning. We only tell this story because the movie became a hit. Had it flopped, nobody would remember the no, or the yes. So I can't tell you Mars was wrong. I can tell you they had no way to find out. You can fix that for your own decisions. Once a quarter, list the 3 biggest proposals you declined. Write down your reasoning and what you expected to happen. A year later, compare, and judge the reasoning, not only the result. A no with a written reason can be checked. A no from memory can't. What's the last big "no" you gave, and how would you know if it was wrong?
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October 22, 2026

Amazon offers some warehouse employees up to $5,000 to quit. The offer is titled "Please Don't Take This Offer."

Zappos invented it, and Amazon, which bought Zappos in 2009, adapted it. Jeff Bezos described it in the Employee Empowerment section of his 2013 shareholder letter, published in April 2014. Once a year, eligible full-time fulfillment associates can take $2,000 to leave. The offer rises $1,000 for each year of service, up to $5,000. According to CNBC, anyone who accepts can never work at Amazon again. Bezos wrote that Amazon hopes people decline. The goal, he said, was to get people to stop and think about what they want, because staying in a job you don't want is bad for the employee and the company over the long run. At Zappos, the original version went to new hires in their first few weeks, with a $1,000 quitting bonus, according to CNBC. Amazon says few people accept. I couldn't find a published number or any retention data, so nobody outside Amazon can say whether it works. My opinion, not a finding from Amazon: the price tag turns a polite survey answer into a real decision, and the ladder makes it harder to keep saying "maybe next year." The catch is obvious. Your best people have the most options, so the offer can lose the wrong people, and it only works if staying is already worth it. The costliest employee may be the one who wants to leave and never says so. A survey won't find them. A price might. You don't need Amazon's budget to start. Ask each person privately what would make them leave in the next year, and write down what you hear. If you offered your team $2,000 to quit, who would take it? Would you be surprised?Read more
Zappos invented it, and Amazon, which bought Zappos in 2009, adapted it. Jeff Bezos described it in the Employee Empowerment section of his 2013 shareholder letter, published in April 2014. Once a year, eligible full-time fulfillment associates can take $2,000 to leave. The offer rises $1,000 for each year of service, up to $5,000. According to CNBC, anyone who accepts can never work at Amazon again. Bezos wrote that Amazon hopes people decline. The goal, he said, was to get people to stop and think about what they want, because staying in a job you don't want is bad for the employee and the company over the long run. At Zappos, the original version went to new hires in their first few weeks, with a $1,000 quitting bonus, according to CNBC. Amazon says few people accept. I couldn't find a published number or any retention data, so nobody outside Amazon can say whether it works. My opinion, not a finding from Amazon: the price tag turns a polite survey answer into a real decision, and the ladder makes it harder to keep saying "maybe next year." The catch is obvious. Your best people have the most options, so the offer can lose the wrong people, and it only works if staying is already worth it. The costliest employee may be the one who wants to leave and never says so. A survey won't find them. A price might. You don't need Amazon's budget to start. Ask each person privately what would make them leave in the next year, and write down what you hear. If you offered your team $2,000 to quit, who would take it? Would you be surprised?
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October 21, 2026

Costco's CEO asked to raise the hot dog price by 25 cents. The founder reportedly said he'd kill him, then told him to figure it out.

That was 2013. The founder was Jim Sinegal. The CEO was Craig Jelinek, and he told the story in 2018. Years earlier, in 2009, the Seattle Times asked Sinegal what it would mean if the price ever went up. His answer: "That I'm dead." Jelinek didn't get the 25 cents. He switched the soda from Coke to Pepsi instead. Costco went back to Coke in 2025, and the price still didn't move. In 2022, CFO Richard Galanti said it would stay that way forever. In 2026, Costco added a bottled-water option, still at $1.50. The combo has cost $1.50 in the US since the mid-1980s. Adjusted for inflation, that's about $4.40 today. In 2022, Sam's Club cut its own combo to $1.38, and Costco held at $1.50. It sold nearly 200 million of them in fiscal 2023, up from about 135 million a year in 2018, which was more than every Major League Baseball stadium sold combined. The number travels: $1.50, C$1.50, €1.50, £1.50. The money doesn't. At February 2026 exchange rates, that's about $1.10 in Canada, $1.74 in France and $2.04 in the UK. My opinion, not a Costco finding: raising the price is the easy fix, because it hands your cost problem to your customer. Costco froze the number and made the soda, the supplier and the margin earn their place around it. It helps that the hot dog is widely described as a loss leader, probably paid for by membership fees, and most businesses don't have that. So the lesson isn't never raise prices. It's decide which number is the promise, then make everything around it earn its place. What's the one price you'd never touch, and who pays when your costs rise?Read more
That was 2013. The founder was Jim Sinegal. The CEO was Craig Jelinek, and he told the story in 2018. Years earlier, in 2009, the Seattle Times asked Sinegal what it would mean if the price ever went up. His answer: "That I'm dead." Jelinek didn't get the 25 cents. He switched the soda from Coke to Pepsi instead. Costco went back to Coke in 2025, and the price still didn't move. In 2022, CFO Richard Galanti said it would stay that way forever. In 2026, Costco added a bottled-water option, still at $1.50. The combo has cost $1.50 in the US since the mid-1980s. Adjusted for inflation, that's about $4.40 today. In 2022, Sam's Club cut its own combo to $1.38, and Costco held at $1.50. It sold nearly 200 million of them in fiscal 2023, up from about 135 million a year in 2018, which was more than every Major League Baseball stadium sold combined. The number travels: $1.50, C$1.50, €1.50, £1.50. The money doesn't. At February 2026 exchange rates, that's about $1.10 in Canada, $1.74 in France and $2.04 in the UK. My opinion, not a Costco finding: raising the price is the easy fix, because it hands your cost problem to your customer. Costco froze the number and made the soda, the supplier and the margin earn their place around it. It helps that the hot dog is widely described as a loss leader, probably paid for by membership fees, and most businesses don't have that. So the lesson isn't never raise prices. It's decide which number is the promise, then make everything around it earn its place. What's the one price you'd never touch, and who pays when your costs rise?
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October 20, 2026

Pixar lost 90% of Toy Story 2 with one command, and the backup had been failing for about a month.

Someone at Pixar ran /bin/rm -r -f * on the drives holding the film in 1998. Ed Catmull writes in Creativity, Inc. that the plan was to restore from backup that night and lose half a day of work. Then the team found out, in Catmull's words, that "the mechanism we had in place specifically to help us recover from data failures had itself failed." What saved the film was a computer at Galyn Susman's house. She was the supervising technical director, and a second baby about 6 months earlier had her working from home. She and Oren Jacob drove over, picked up the machine, and recovered the movie from a copy about 2 weeks old. Now October 2026. Aftonbladet, citing unnamed sources, reported that the company behind The Challenge Sverige gave an AI agent access to its server, and the agent deleted the finished season. TV4 disputes the AI part. Its program director, Mia Lindqvist, said it was a human factor, not an AI agent acting on its own. TV4 confirms a technical failure, and the finished edit is gone. The raw footage survived, but the season has to be edited again, and the November 22 premiere, 5 weeks out, is now 2027. The two cases are decades apart, and only one has a settled cause, but both teams lost finished work. My opinion, not a finding from either story: most teams check that a backup exists, and few ever restore from one. A backup you've never restored from is a guess. At Pixar, an employee's home setup saved the film, not the system built to protect it. When did your team last restore from a backup, rather than only check that one exists?Read more
Someone at Pixar ran /bin/rm -r -f * on the drives holding the film in 1998. Ed Catmull writes in Creativity, Inc. that the plan was to restore from backup that night and lose half a day of work. Then the team found out, in Catmull's words, that "the mechanism we had in place specifically to help us recover from data failures had itself failed." What saved the film was a computer at Galyn Susman's house. She was the supervising technical director, and a second baby about 6 months earlier had her working from home. She and Oren Jacob drove over, picked up the machine, and recovered the movie from a copy about 2 weeks old. Now October 2026. Aftonbladet, citing unnamed sources, reported that the company behind The Challenge Sverige gave an AI agent access to its server, and the agent deleted the finished season. TV4 disputes the AI part. Its program director, Mia Lindqvist, said it was a human factor, not an AI agent acting on its own. TV4 confirms a technical failure, and the finished edit is gone. The raw footage survived, but the season has to be edited again, and the November 22 premiere, 5 weeks out, is now 2027. The two cases are decades apart, and only one has a settled cause, but both teams lost finished work. My opinion, not a finding from either story: most teams check that a backup exists, and few ever restore from one. A backup you've never restored from is a guess. At Pixar, an employee's home setup saved the film, not the system built to protect it. When did your team last restore from a backup, rather than only check that one exists?
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October 19, 2026

You've heard you have a shorter attention span than a goldfish. Nobody has found the study.

The 8-second figure took off after a 2015 Microsoft Canada report. In that report's chart, the number carries the source line "Statistic brain." The chart credits that website, not Microsoft's own survey or EEG work. In 2017, the BBC's More or Less reported that neither organization Statistic Brain had named could find research behind the figure. My opinion, not a documented finding: when a stat is this tidy, ask who counted. Which number do you quote that you've never traced?Read more
The 8-second figure took off after a 2015 Microsoft Canada report. In that report's chart, the number carries the source line "Statistic brain." The chart credits that website, not Microsoft's own survey or EEG work. In 2017, the BBC's More or Less reported that neither organization Statistic Brain had named could find research behind the figure. My opinion, not a documented finding: when a stat is this tidy, ask who counted. Which number do you quote that you've never traced?
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October 18, 2026

In 18 of 22 earlier studies reviewed in 1987, people brainstorming alone beat the brainstorming group. Four found no difference, and all four used…

The review was by Diehl and Stroebe. Their "nominal groups" were people working alone with their results pooled, and those beat real groups. Three things the evidence says: First, working alone won. In their fourth experiment, the individual control produced 106 ideas and the group control about 56. Second, waiting your turn was the main drag. The authors call it production blocking, and in that experiment it accounted for 96% of the variance due to conditions. Third, nerves and free riding mattered less. Evaluation apprehension had a real effect on individuals, but the authors doubt it is a major cause of the group gap. Free riding was demonstrable but minor. My opinion, not the researchers' recommendation: your best idea may never get said while someone else is talking. Make everyone write ideas down alone first, then talk. Who talks first in your meetings?Read more
The review was by Diehl and Stroebe. Their "nominal groups" were people working alone with their results pooled, and those beat real groups. Three things the evidence says: First, working alone won. In their fourth experiment, the individual control produced 106 ideas and the group control about 56. Second, waiting your turn was the main drag. The authors call it production blocking, and in that experiment it accounted for 96% of the variance due to conditions. Third, nerves and free riding mattered less. Evaluation apprehension had a real effect on individuals, but the authors doubt it is a major cause of the group gap. Free riding was demonstrable but minor. My opinion, not the researchers' recommendation: your best idea may never get said while someone else is talking. Make everyone write ideas down alone first, then talk. Who talks first in your meetings?
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October 17, 2026

Peter Drucker never said "If you can't measure it, you can't manage it." So says neuroeconomist Paul Zak, in an essay on the Drucker Institute's site.

Zak adds that Drucker did believe measuring results and performance is crucial. But in 1990 advice Zak quotes, Drucker called a leader's personal role of building relationships something that "cannot be measured or easily defined." Where did the line come from? On Barry Popik's list of early citations, the earliest entries for "If you can't measure it, you can't manage it" date from 1982 and 1984, in books and newspapers. The earliest Drucker attribution on that page is a 1999 book. My opinion, not a documented finding: a dashboard built on a quote nobody can trace is built on borrowed authority. Name one metric you'd cut, and one you'd defend without the quote.Read more
Zak adds that Drucker did believe measuring results and performance is crucial. But in 1990 advice Zak quotes, Drucker called a leader's personal role of building relationships something that "cannot be measured or easily defined." Where did the line come from? On Barry Popik's list of early citations, the earliest entries for "If you can't measure it, you can't manage it" date from 1982 and 1984, in books and newspapers. The earliest Drucker attribution on that page is a 1999 book. My opinion, not a documented finding: a dashboard built on a quote nobody can trace is built on borrowed authority. Name one metric you'd cut, and one you'd defend without the quote.
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October 16, 2026

"The Marshmallow Test does not reliably predict adult functioning." That's from the title of a 2024 paper by Sperber, Vandell, Duncan and Watts.

The test offered preschoolers at Stanford's Bing Nursery School one treat now, or two if they waited. In 1990, Shoda, Mischel and Peake reported that the ability to wait was correlated with higher SAT scores. Here is the evidence trail. In 2018, Watts, Duncan and Quan ran a conceptual replication with data on more than 900 children, with much of the analysis on children whose mothers had not finished college. The link between waiting and adolescent math and reading was small. The Association for Psychological Science's summary says it disappeared once family and early-environment characteristics were controlled for. In 2013, Kidd, Palmeri and Aslin tested 28 children. Those whose promise was kept waited up to four times longer than those whose promise was broken. My opinion, not the researchers' conclusion: the test may have measured what a child expects from the adults around them, and we sold it as character. A study of 28 children isn't proof, but it's a reason to ask the question. If you screen for patience, do your people wait because they're patient, or because you've earned it?Read more
The test offered preschoolers at Stanford's Bing Nursery School one treat now, or two if they waited. In 1990, Shoda, Mischel and Peake reported that the ability to wait was correlated with higher SAT scores. Here is the evidence trail. In 2018, Watts, Duncan and Quan ran a conceptual replication with data on more than 900 children, with much of the analysis on children whose mothers had not finished college. The link between waiting and adolescent math and reading was small. The Association for Psychological Science's summary says it disappeared once family and early-environment characteristics were controlled for. In 2013, Kidd, Palmeri and Aslin tested 28 children. Those whose promise was kept waited up to four times longer than those whose promise was broken. My opinion, not the researchers' conclusion: the test may have measured what a child expects from the adults around them, and we sold it as character. A study of 28 children isn't proof, but it's a reason to ask the question. If you screen for patience, do your people wait because they're patient, or because you've earned it?
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October 15, 2026

The patent office wasn't sure Volvo's three-point seat belt was unique enough to patent.

Another three-point belt already existed, so it was not certain that Nils Bohlin's design qualified. Volvo put his belt in the front seats of the Amazon and the PV544 in 1959, and says it made the patent available to anyone who wanted it. The belt earned its reputation. In 1985, the West German patent authority named it one of eight inventions most beneficial to the general public. What I haven't found: how strong the patent was, who at Volvo made the call, or why. Nothing I read links the office's doubt to the giveaway. My opinion, not a documented motive: giving away a patent you might not have won costs less than it looks, and a brand built on safety gains when safety becomes standard. If you're paying lawyers to guard something, would customers notice if a rival copied it tomorrow?Read more
Another three-point belt already existed, so it was not certain that Nils Bohlin's design qualified. Volvo put his belt in the front seats of the Amazon and the PV544 in 1959, and says it made the patent available to anyone who wanted it. The belt earned its reputation. In 1985, the West German patent authority named it one of eight inventions most beneficial to the general public. What I haven't found: how strong the patent was, who at Volvo made the call, or why. Nothing I read links the office's doubt to the giveaway. My opinion, not a documented motive: giving away a patent you might not have won costs less than it looks, and a brand built on safety gains when safety becomes standard. If you're paying lawyers to guard something, would customers notice if a rival copied it tomorrow?
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October 14, 2026

The popular story is that Ford paid $5 a day so workers could buy the Model Ts they built. The full $5 came with home inspectors.

Henry Ford and James Couzens announced the plan on January 5, 1914, saying they would double wages. The Henry Ford museum calls it a profit-sharing scheme. Workers kept a $2.30 base wage, and the other $2.70 was a bonus. To earn it, they had to avoid alcohol, not abuse their families, not take in boarders, keep their homes clean and save regularly. Inspectors from the company's Sociological Department visited homes, and the full bonus was withheld until problems were fixed. Families with problems got advice and company resources. The department was largely dissolved by 1921. The customer theory isn't made up. The museum says Ford "slyly observed" the raise created a new pool of Model T customers. But it lists that as one theory among several, alongside faster assembly lines, lower turnover, philanthropy and publicity, and concludes that the truth "lay somewhere in the middle." The museum also says Ford faced a "crippling labor turnover rate of 370 percent." Economists Daniel Raff and Lawrence Summers asked in a 1986 working paper whether Ford was paying efficiency wages. They concluded the raise is best explained as a response to labor problems, and they report substantial queues for Ford jobs and significantly higher productivity and profits. My read: new customers were a bonus, and the retention problem looks like the engine. A raise without a number is a gift. A raise tied to a number is a plan. Before you offer one, count how many people leave, what each exit costs you, and what the raise is supposed to change. What does one resignation cost you?Read more
Henry Ford and James Couzens announced the plan on January 5, 1914, saying they would double wages. The Henry Ford museum calls it a profit-sharing scheme. Workers kept a $2.30 base wage, and the other $2.70 was a bonus. To earn it, they had to avoid alcohol, not abuse their families, not take in boarders, keep their homes clean and save regularly. Inspectors from the company's Sociological Department visited homes, and the full bonus was withheld until problems were fixed. Families with problems got advice and company resources. The department was largely dissolved by 1921. The customer theory isn't made up. The museum says Ford "slyly observed" the raise created a new pool of Model T customers. But it lists that as one theory among several, alongside faster assembly lines, lower turnover, philanthropy and publicity, and concludes that the truth "lay somewhere in the middle." The museum also says Ford faced a "crippling labor turnover rate of 370 percent." Economists Daniel Raff and Lawrence Summers asked in a 1986 working paper whether Ford was paying efficiency wages. They concluded the raise is best explained as a response to labor problems, and they report substantial queues for Ford jobs and significantly higher productivity and profits. My read: new customers were a bonus, and the retention problem looks like the engine. A raise without a number is a gift. A raise tied to a number is a plan. Before you offer one, count how many people leave, what each exit costs you, and what the raise is supposed to change. What does one resignation cost you?
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October 13, 2026

The Maslow pyramid was pitched in 1960 as "maximum motivation at the lowest cost." Researchers can't find it in Maslow's own books, diaries or papers.

Consulting psychologist Charles McDermid made that pitch in Business Horizons, in an article called "How money motivates men." His pyramid is the version that took off. An earlier one, in Keith Davis's 1957 management textbook, drew the hierarchy as steps topped by an executive raising a flag. That version did not catch on. In 2019, in a paper called "Who Built Maslow's Pyramid?", Todd Bridgman, Stephen Cummings and John Ballard went through Maslow's published books and articles, his diaries and his archived papers. They found no pyramid. The Academy of Management's summary says it is "difficult to find any evidence that he ever actually represented his theory as a pyramid." Maslow's 1943 paper in Psychological Review says something different, as these authors read it. People can be partly satisfied and partly unsatisfied at the same time. The order in which needs emerge isn't fixed. The same summary adds that his writings show people moving back and forth between needs and pursuing several at once. It says late in life he saw self-transcendence, not self-actualization, as the top. My view: the pyramid is a cost-cutting tool with a psychologist's name on it. Plan pay first, then belonging, then purpose, and you're treating your team as if everyone climbs one rung at a time. That's my example, not the researchers'. If your budget decisions assume that order, they rest on a diagram, and as these authors read it, Maslow's own paper doesn't back the order. Which of your people policies still assumes the ladder?Read more
Consulting psychologist Charles McDermid made that pitch in Business Horizons, in an article called "How money motivates men." His pyramid is the version that took off. An earlier one, in Keith Davis's 1957 management textbook, drew the hierarchy as steps topped by an executive raising a flag. That version did not catch on. In 2019, in a paper called "Who Built Maslow's Pyramid?", Todd Bridgman, Stephen Cummings and John Ballard went through Maslow's published books and articles, his diaries and his archived papers. They found no pyramid. The Academy of Management's summary says it is "difficult to find any evidence that he ever actually represented his theory as a pyramid." Maslow's 1943 paper in Psychological Review says something different, as these authors read it. People can be partly satisfied and partly unsatisfied at the same time. The order in which needs emerge isn't fixed. The same summary adds that his writings show people moving back and forth between needs and pursuing several at once. It says late in life he saw self-transcendence, not self-actualization, as the top. My view: the pyramid is a cost-cutting tool with a psychologist's name on it. Plan pay first, then belonging, then purpose, and you're treating your team as if everyone climbs one rung at a time. That's my example, not the researchers'. If your budget decisions assume that order, they rest on a diagram, and as these authors read it, Maslow's own paper doesn't back the order. Which of your people policies still assumes the ladder?
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October 12, 2026

Two economists recovered the original Hawthorne data, long thought destroyed. Their verdict on the famous descriptions of it: "entirely fictional."

You've heard the story even if you don't know the name. In the 1920s, researchers at Western Electric's Hawthorne plant near Chicago changed the lighting for factory workers. Brighter light, output went up. Dimmer light, output went up again. The lesson that spread through management training: people work harder when someone pays attention to them. The data was never formally analyzed and was thought to be lost. Steven Levitt and John List recovered it and published their analysis in 2011 in the American Economic Journal: Applied Economics. The descriptions of supposedly remarkable data patterns, they wrote, "prove to be entirely fictional." They did find "hints of more subtle manifestations" of an effect. Subtle hints are a long way from the clean story management courses repeat. That should bother anyone with a budget, because the Hawthorne story works as a license to stop checking. Output rose the month after the engagement program launched, so the program worked. A pilot team improved, so roll it out. Nobody asks what would have happened anyway. I've spent decades in both research and business, and this is the case I'd put in front of every leadership team. A result can be taught for most of a century and still be far weaker in the original data than in the retelling. So the next time someone presents a win, ask the boring question first: compared to what? If there's no comparison group, you don't know whether you bought a result or a coincidence. Which program are you funding right now that has never been tested against a comparison group?Read more
You've heard the story even if you don't know the name. In the 1920s, researchers at Western Electric's Hawthorne plant near Chicago changed the lighting for factory workers. Brighter light, output went up. Dimmer light, output went up again. The lesson that spread through management training: people work harder when someone pays attention to them. The data was never formally analyzed and was thought to be lost. Steven Levitt and John List recovered it and published their analysis in 2011 in the American Economic Journal: Applied Economics. The descriptions of supposedly remarkable data patterns, they wrote, "prove to be entirely fictional." They did find "hints of more subtle manifestations" of an effect. Subtle hints are a long way from the clean story management courses repeat. That should bother anyone with a budget, because the Hawthorne story works as a license to stop checking. Output rose the month after the engagement program launched, so the program worked. A pilot team improved, so roll it out. Nobody asks what would have happened anyway. I've spent decades in both research and business, and this is the case I'd put in front of every leadership team. A result can be taught for most of a century and still be far weaker in the original data than in the retelling. So the next time someone presents a win, ask the boring question first: compared to what? If there's no comparison group, you don't know whether you bought a result or a coincidence. Which program are you funding right now that has never been tested against a comparison group?
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October 11, 2026

If your teams cap at 150, you're relying on a number whose 95% confidence interval runs from 2 to 520 people.

That's Dunbar's number: the idea that humans can only keep track of about 150 relationships, so teams, sites and communities should stop growing there. W. L. Gore made it famous in business by capping its facilities at around 150, a story Malcolm Gladwell spread in The Tipping Point. In 2007, Sweden's Tax Agency reorganized its offices around it. In 2021, Patrik Lindenfors, Andreas Wartel and Johan Lind at Stockholm University reran the original analysis with modern statistics and updated primate data. Dunbar had predicted human group size from the brain sizes of other primates. The new confidence intervals ran from 2 to 520. Every reorg built on 150 was a bet on a range that wide. Their verdicts were blunt. Lindenfors: "The theoretical foundation of Dunbar's number is shaky. Other primates' brains do not handle information exactly as human brains do." Wartel: "It is not possible to make an estimate for humans with any precision using available methods and data." Lindenfors also criticized the Tax Agency's reorganization for ignoring the relationships employees have outside the office. So if your team caps, site sizes or community limits rest on 150, they rest on an estimate its own re-analysts say can't be made with any precision, plus a bestseller's retelling. The fix is to stop asking "what's the magic number" and ask what breaks when your group gets bigger. Decisions slow down? People stop knowing who owns what? Measure that, and split when it happens, whatever the headcount says. Where in your company is a rule of thumb quietly deciding headcount?Read more
That's Dunbar's number: the idea that humans can only keep track of about 150 relationships, so teams, sites and communities should stop growing there. W. L. Gore made it famous in business by capping its facilities at around 150, a story Malcolm Gladwell spread in The Tipping Point. In 2007, Sweden's Tax Agency reorganized its offices around it. In 2021, Patrik Lindenfors, Andreas Wartel and Johan Lind at Stockholm University reran the original analysis with modern statistics and updated primate data. Dunbar had predicted human group size from the brain sizes of other primates. The new confidence intervals ran from 2 to 520. Every reorg built on 150 was a bet on a range that wide. Their verdicts were blunt. Lindenfors: "The theoretical foundation of Dunbar's number is shaky. Other primates' brains do not handle information exactly as human brains do." Wartel: "It is not possible to make an estimate for humans with any precision using available methods and data." Lindenfors also criticized the Tax Agency's reorganization for ignoring the relationships employees have outside the office. So if your team caps, site sizes or community limits rest on 150, they rest on an estimate its own re-analysts say can't be made with any precision, plus a bestseller's retelling. The fix is to stop asking "what's the magic number" and ask what breaks when your group gets bigger. Decisions slow down? People stop knowing who owns what? Measure that, and split when it happens, whatever the headcount says. Where in your company is a rule of thumb quietly deciding headcount?
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October 10, 2026

"Even at the time we wrote it, we weren't doing it." That's a Spotify agile coach talking about the Spotify model.

I've worked in Stockholm for nearly 30 years and seen a lot of Swedish tech companies up close. The "Spotify model" consultants sell abroad isn't what I saw them run. The coach was Joakim Sundén, at Spotify from 2011 to 2017. The model came from a 2012 whitepaper, "Scaling Agile @ Spotify," by Henrik Kniberg and Anders Ivarsson: squads, tribes, chapters and guilds. Other companies copied it widely. Sundén's full verdict: "It was part ambition, part approximation." Jeremiah Lee, a product manager at Spotify's Stockholm headquarters, joined after the company tripled to 3,000 people in 18 months. He still called the model "only ever aspirational and never fully implemented." Chapter leads had little responsibility beyond career development, so nobody was clearly accountable for what a team delivered. His summary: "Autonomy requires alignment." A diagram travels well. The context around it doesn't. In the Swedish companies I've watched, the small autonomous teams that worked had something no org chart shows: a high-trust culture, a habit of consensus, and people comfortable raising problems without a boss in the room. Export the boxes without that, and you get autonomy with nobody aligned. If your company spent months reorganizing into squads and tribes, you may have copied a picture of a system Spotify itself was still trying to live up to. Lee's advice was to study companies that have lasted longer and to read books like Team Topologies. Which framework did you adopt without asking whether its creators ever ran it?Read more
I've worked in Stockholm for nearly 30 years and seen a lot of Swedish tech companies up close. The "Spotify model" consultants sell abroad isn't what I saw them run. The coach was Joakim Sundén, at Spotify from 2011 to 2017. The model came from a 2012 whitepaper, "Scaling Agile @ Spotify," by Henrik Kniberg and Anders Ivarsson: squads, tribes, chapters and guilds. Other companies copied it widely. Sundén's full verdict: "It was part ambition, part approximation." Jeremiah Lee, a product manager at Spotify's Stockholm headquarters, joined after the company tripled to 3,000 people in 18 months. He still called the model "only ever aspirational and never fully implemented." Chapter leads had little responsibility beyond career development, so nobody was clearly accountable for what a team delivered. His summary: "Autonomy requires alignment." A diagram travels well. The context around it doesn't. In the Swedish companies I've watched, the small autonomous teams that worked had something no org chart shows: a high-trust culture, a habit of consensus, and people comfortable raising problems without a boss in the room. Export the boxes without that, and you get autonomy with nobody aligned. If your company spent months reorganizing into squads and tribes, you may have copied a picture of a system Spotify itself was still trying to live up to. Lee's advice was to study companies that have lasted longer and to read books like Team Topologies. Which framework did you adopt without asking whether its creators ever ran it?
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October 9, 2026

Companies tore down the walls to get people talking. Then Harvard researchers put sensors on the employees, and face-to-face conversation fell about 70%.

The study was published in 2018. Ethan Bernstein of Harvard Business School and Stephen Turban followed 2 Fortune 500 companies as they moved from cubicles to open-plan floors. Employees wore sociometric badges before and after the move that tracked their conversations, posture, location and movement. What changed after the walls came down: Face-to-face interaction: down about 70% Emails sent: up 56% Emails received: up 20% Times cc'd: up 41% Instant messages: up 67% So the companies paid for a layout meant to spark conversation. They got fewer conversations and a lot more email. If you're the founder signing the lease and paying for the build-out, that's an expensive way to buy more email. The study measured behavior, not motives, so this part is my read. People didn't stop needing privacy. When everyone can see and hear you, you find it somewhere else, and typing is the easiest place to find it. The pitch promised serendipity: the hallway chat, the idea you catch from the next team. The badges showed fewer conversations, not more. What I don't think you can defend is redesigning a workplace around a belief nobody measured. If you're about to spend money to "increase collaboration," find out how your people collaborate now and what's stopping them. Ask which conversations matter, where they happen today, and what makes people avoid them. Then decide whether a floor plan is even the problem you need to solve. Did your open office make your team talk more, or type more?Read more
The study was published in 2018. Ethan Bernstein of Harvard Business School and Stephen Turban followed 2 Fortune 500 companies as they moved from cubicles to open-plan floors. Employees wore sociometric badges before and after the move that tracked their conversations, posture, location and movement. What changed after the walls came down: Face-to-face interaction: down about 70% Emails sent: up 56% Emails received: up 20% Times cc'd: up 41% Instant messages: up 67% So the companies paid for a layout meant to spark conversation. They got fewer conversations and a lot more email. If you're the founder signing the lease and paying for the build-out, that's an expensive way to buy more email. The study measured behavior, not motives, so this part is my read. People didn't stop needing privacy. When everyone can see and hear you, you find it somewhere else, and typing is the easiest place to find it. The pitch promised serendipity: the hallway chat, the idea you catch from the next team. The badges showed fewer conversations, not more. What I don't think you can defend is redesigning a workplace around a belief nobody measured. If you're about to spend money to "increase collaboration," find out how your people collaborate now and what's stopping them. Ask which conversations matter, where they happen today, and what makes people avoid them. Then decide whether a floor plan is even the problem you need to solve. Did your open office make your team talk more, or type more?
On LinkedIn →

October 8, 2026

Blockbuster didn't lose to Netflix because it laughed at them. In the first quarter of 2007, Netflix lost about 55,000 subscribers, and Blockbuster was the…

The usual story skips the middle. Yes, in 2000 Netflix offered to sell itself to Blockbuster for $50 million, and Blockbuster passed. Barry McCarthy, Netflix's CFO at the time, said Blockbuster laughed them out of the office. The part that rarely makes the keynote came years later. Blockbuster built Total Access: rent by mail, return the disc to a store, walk out with a free rental. Netflix couldn't match it. Blockbuster's online service reached 2 million subscribers by the end of 2006, still well behind Netflix, but closing. Netflix cofounder Marc Randolph later talked about how close Blockbuster came to winning. Then CEO John Antioco fought with activist investor Carl Icahn over his bonus and the strategy, and left in 2007. His successor, Jim Keyes, refocused on the stores. By that fall the company reported it had changed Total Access pricing, cut advertising, and "minimized promotion of the program." In December, by-mail prices went up by as much as 40% for new and some existing customers. Reed Hastings's verdict: "If it hadn't been for their debt, they could have killed us." Debt explains the pressure. It doesn't explain cutting back the 1 product that was gaining on Netflix. Blockbuster filed for bankruptcy in 2010. The record shows the cuts. The motive is my read: new leadership under financial pressure pulled back to protect the old business. That lesson is harder than "they laughed at Netflix," because it's about you, not them. Which of your experiments would a new boss or a budget review kill first?Read more
The usual story skips the middle. Yes, in 2000 Netflix offered to sell itself to Blockbuster for $50 million, and Blockbuster passed. Barry McCarthy, Netflix's CFO at the time, said Blockbuster laughed them out of the office. The part that rarely makes the keynote came years later. Blockbuster built Total Access: rent by mail, return the disc to a store, walk out with a free rental. Netflix couldn't match it. Blockbuster's online service reached 2 million subscribers by the end of 2006, still well behind Netflix, but closing. Netflix cofounder Marc Randolph later talked about how close Blockbuster came to winning. Then CEO John Antioco fought with activist investor Carl Icahn over his bonus and the strategy, and left in 2007. His successor, Jim Keyes, refocused on the stores. By that fall the company reported it had changed Total Access pricing, cut advertising, and "minimized promotion of the program." In December, by-mail prices went up by as much as 40% for new and some existing customers. Reed Hastings's verdict: "If it hadn't been for their debt, they could have killed us." Debt explains the pressure. It doesn't explain cutting back the 1 product that was gaining on Netflix. Blockbuster filed for bankruptcy in 2010. The record shows the cuts. The motive is my read: new leadership under financial pressure pulled back to protect the old business. That lesson is harder than "they laughed at Netflix," because it's about you, not them. Which of your experiments would a new boss or a budget review kill first?
On LinkedIn →

October 7, 2026

"90% of startups fail" is wrong. The US government counted, and half of new businesses were still open 5 years later.

The Bureau of Labor Statistics followed every new private-sector business establishment that opened in March 2013. The count includes new branches of existing firms, so it isn't a pure startup number. After 1 year, 79.6% were still operating. After 5 years, 50.6%. After 10 years, 34.7%. Losing 65% in a decade is a hard number. It's still nowhere near 90%, and the shape of the decline matters more than the total. The 90% line sounds like a cliff: most of you are dead on arrival. The real data looks like a slow leak. About 1 in 5 close in year 1, then roughly 1 in 10 of the survivors each year through year 5. Of the businesses gone by year 10, about 2 in 3 made it past their first year before they closed. The 90% story fits one world better. Shikhar Ghosh at Harvard Business School studied more than 2,000 venture-backed companies and found about 3 in 4 never returned their investors' capital. That's the venture model, where a few huge wins pay for many losses. It doesn't describe the bakery or the agency paying its own way. In my experience, founders who carry the 90% line into an ordinary business make 1 of 2 mistakes. Some treat failure as inevitable and stop doing the boring work that keeps a business alive. Others take venture-style risks, like raising money they don't need or betting the company on 1 launch, because they figure the odds are awful anyway. Neither follows from the data. For an ordinary business, lasting 5 years is close to a coin flip. I'd argue the decisions you make in years 2 through 5 move that coin more than your launch does. Which way did the 90% myth push you: playing it too safe, or betting too big?Read more
The Bureau of Labor Statistics followed every new private-sector business establishment that opened in March 2013. The count includes new branches of existing firms, so it isn't a pure startup number. After 1 year, 79.6% were still operating. After 5 years, 50.6%. After 10 years, 34.7%. Losing 65% in a decade is a hard number. It's still nowhere near 90%, and the shape of the decline matters more than the total. The 90% line sounds like a cliff: most of you are dead on arrival. The real data looks like a slow leak. About 1 in 5 close in year 1, then roughly 1 in 10 of the survivors each year through year 5. Of the businesses gone by year 10, about 2 in 3 made it past their first year before they closed. The 90% story fits one world better. Shikhar Ghosh at Harvard Business School studied more than 2,000 venture-backed companies and found about 3 in 4 never returned their investors' capital. That's the venture model, where a few huge wins pay for many losses. It doesn't describe the bakery or the agency paying its own way. In my experience, founders who carry the 90% line into an ordinary business make 1 of 2 mistakes. Some treat failure as inevitable and stop doing the boring work that keeps a business alive. Others take venture-style risks, like raising money they don't need or betting the company on 1 launch, because they figure the odds are awful anyway. Neither follows from the data. For an ordinary business, lasting 5 years is close to a coin flip. I'd argue the decisions you make in years 2 through 5 move that coin more than your launch does. Which way did the 90% myth push you: playing it too safe, or betting too big?
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October 6, 2026

Airbnb's most famous growth hack couldn't work today. Not because it went out of style. Because Craigslist patched the hole it exploited.

Growth marketers hold up Airbnb's Craigslist integration as proof clever engineering beats paid acquisition: a tool that let hosts cross-post their listing to Craigslist in 1 click, reaching its existing audience instantly. What usually goes unmentioned: Craigslist never gave Airbnb an API. Airbnb's engineers reverse-engineered Craigslist's own posting form, simulating a human filling it out: scraping region codes across hundreds of local versions, disabling its anonymous email relay, working around its limited HTML. It wasn't a partnership. It was an exploit of a form with no rate limit and no bot detection. It worked, for a while. Then Craigslist's own filters started catching posts mentioning "airbnb.com" and quietly suppressing them. No headline ban. The platform just closed the gap it depended on. The same pattern runs through most "growth hack" case studies. Hotmail's "PS I love you" signup footer worked because nobody had seen a self-propagating email signature before; every inbox now filters for that pattern. PayPal's cash-for-referrals program worked because peer-to-peer cash transfer had no fraud model built around it yet. None of these were systems you could run forever. Each was a specific gap: an unfiltered platform, a novel mechanic, no defense built yet. Each closed the moment the platform noticed the traffic. I watch founders study these cases looking for a mechanism to copy. The mechanism was never the point. The point was a gap that existed for a window, on that platform, at that moment, and it's already gone. What's the platform gap you're relying on that hasn't been noticed yet, and how long do you think you have?Read more
Growth marketers hold up Airbnb's Craigslist integration as proof clever engineering beats paid acquisition: a tool that let hosts cross-post their listing to Craigslist in 1 click, reaching its existing audience instantly. What usually goes unmentioned: Craigslist never gave Airbnb an API. Airbnb's engineers reverse-engineered Craigslist's own posting form, simulating a human filling it out: scraping region codes across hundreds of local versions, disabling its anonymous email relay, working around its limited HTML. It wasn't a partnership. It was an exploit of a form with no rate limit and no bot detection. It worked, for a while. Then Craigslist's own filters started catching posts mentioning "airbnb.com" and quietly suppressing them. No headline ban. The platform just closed the gap it depended on. The same pattern runs through most "growth hack" case studies. Hotmail's "PS I love you" signup footer worked because nobody had seen a self-propagating email signature before; every inbox now filters for that pattern. PayPal's cash-for-referrals program worked because peer-to-peer cash transfer had no fraud model built around it yet. None of these were systems you could run forever. Each was a specific gap: an unfiltered platform, a novel mechanic, no defense built yet. Each closed the moment the platform noticed the traffic. I watch founders study these cases looking for a mechanism to copy. The mechanism was never the point. The point was a gap that existed for a window, on that platform, at that moment, and it's already gone. What's the platform gap you're relying on that hasn't been noticed yet, and how long do you think you have?
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October 5, 2026

Zenefits was worth 4.5 billion dollars in May 2015. 13 months later, it was worth 2 billion. The thing that broke wasn't a feature. It was a law.

Facebook's old motto was "move fast and break things." Zuckerberg coined it, and the company ran on it until 2014, then quietly retired it for "move fast with stable infrastructure." A broken feature ships a fix. A broken foundation doesn't. Zenefits found that difference the hard way. The startup sold health insurance software to small businesses, and every state requires a broker to finish a licensing course before selling insurance. Founder Parker Conrad built a tool internally, known as "the Macro," that let brokers fake their way through the required training online. Move fast, skip the part that slows you down. It worked until regulators noticed. California fined Zenefits 7 million dollars in 2016. Conrad resigned as CEO that February. By June, the company cut its own valuation from 4.5 billion to 2 billion, a haircut it chose itself to head off investor lawsuits. That's not a stumble you fix with a good quarter. Break a feature, you ship a patch and move on. Break a licensing requirement in a regulated industry, and you get a fine, a resignation, and a valuation cut that follows the company into every future round. I watch founders apply "move fast and break things" to parts of the business with no undo button: licensing, contracts, safety, the actual cost to serve a customer. Speed is free when you're testing a landing page. It is not free when you're testing whether a regulator notices. Which part of your business would cost you your valuation, not just a sprint, if you broke it moving fast?Read more
Facebook's old motto was "move fast and break things." Zuckerberg coined it, and the company ran on it until 2014, then quietly retired it for "move fast with stable infrastructure." A broken feature ships a fix. A broken foundation doesn't. Zenefits found that difference the hard way. The startup sold health insurance software to small businesses, and every state requires a broker to finish a licensing course before selling insurance. Founder Parker Conrad built a tool internally, known as "the Macro," that let brokers fake their way through the required training online. Move fast, skip the part that slows you down. It worked until regulators noticed. California fined Zenefits 7 million dollars in 2016. Conrad resigned as CEO that February. By June, the company cut its own valuation from 4.5 billion to 2 billion, a haircut it chose itself to head off investor lawsuits. That's not a stumble you fix with a good quarter. Break a feature, you ship a patch and move on. Break a licensing requirement in a regulated industry, and you get a fine, a resignation, and a valuation cut that follows the company into every future round. I watch founders apply "move fast and break things" to parts of the business with no undo button: licensing, contracts, safety, the actual cost to serve a customer. Speed is free when you're testing a landing page. It is not free when you're testing whether a regulator notices. Which part of your business would cost you your valuation, not just a sprint, if you broke it moving fast?
On LinkedIn →

October 4, 2026

Marshall Field never said "the customer is always right." What he actually said was smarter, and businesses lost it somewhere in the last 120 years.

The phrase traces to Field's Chicago department store. The Boston Globe first reported it in September 1905. But historian John Tebbel and a 1919 account from Alfred Pittman say Field's real rule was different: assume the customer is right until it's plain beyond all question that he is not. That's not "the customer is always right." That's "give the customer the benefit of the doubt, then use judgment." A real filter, not a blank check. The absolutist version spread anyway. Cesar Ritz ran his hotels on "le client n'a jamais tort," the customer is never wrong, by 1908. By 1911, people credited John Wanamaker and Harry Gordon Selfridge with the same idea. Sears told employees in 1905 to satisfy customers "regardless of whether the customer is right or wrong." None of that matches what Field actually practiced. People repeated the slogan so often the qualifier disappeared, and by 1930 some stores were already walking it back. One Chicago retailer switched to assuming a customer was right "until she has been proved wrong three times." I watch founders run the flattened version today: refunding fraud, absorbing abuse from customers who know the policy protects them, because "the customer is always right" is what they think the rule says. It isn't what the original operators meant, and it's not what kept their businesses solvent. The rule that actually built those retail empires was closer to: extend trust first, verify before you cave. That's a policy you can run a business on. "Always right" is a slogan you can't. What's the version of this you inherited that flattened into something you can't actually run on?Read more
The phrase traces to Field's Chicago department store. The Boston Globe first reported it in September 1905. But historian John Tebbel and a 1919 account from Alfred Pittman say Field's real rule was different: assume the customer is right until it's plain beyond all question that he is not. That's not "the customer is always right." That's "give the customer the benefit of the doubt, then use judgment." A real filter, not a blank check. The absolutist version spread anyway. Cesar Ritz ran his hotels on "le client n'a jamais tort," the customer is never wrong, by 1908. By 1911, people credited John Wanamaker and Harry Gordon Selfridge with the same idea. Sears told employees in 1905 to satisfy customers "regardless of whether the customer is right or wrong." None of that matches what Field actually practiced. People repeated the slogan so often the qualifier disappeared, and by 1930 some stores were already walking it back. One Chicago retailer switched to assuming a customer was right "until she has been proved wrong three times." I watch founders run the flattened version today: refunding fraud, absorbing abuse from customers who know the policy protects them, because "the customer is always right" is what they think the rule says. It isn't what the original operators meant, and it's not what kept their businesses solvent. The rule that actually built those retail empires was closer to: extend trust first, verify before you cave. That's a policy you can run a business on. "Always right" is a slogan you can't. What's the version of this you inherited that flattened into something you can't actually run on?
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October 3, 2026

Sweden gives every person the right to walk, camp, and pick berries on almost any land in the country, including land they don't own. The whole system runs…

It's called Allemansrätten, the right of public access. Swedish law spells it out in almost no detail: the constitution gives it 1 sentence. The specifics that exist are narrow: stay roughly 70 meters from a dwelling house, no fires during a burn ban, no picking in a protected national park. Everything else comes down to "don't disturb, don't destroy," and the judgment of whoever's standing on the land. Compare that to how most companies write their handbooks. A 40-page policy that tries to name every possible violation in advance produces employees who follow the letter of page 12 while missing the spirit of the document. Allemansrätten does the opposite. It sets one wide default (you may be here), draws a small number of hard lines (not this close to a house, not during a fire ban), and trusts a single principle to cover everything the specific rules didn't think to mention. I watch founders try to write their way out of every bad judgment call with a new clause. The clause count goes up and the actual judgment on the ground doesn't improve, because a rule for every case teaches people to look for the rule instead of thinking about the case. The lesson isn't "have no rules." Sweden has real ones, and breaking the 70-meter zone or a fire ban has real consequences. The lesson is that a few sharp, specific restrictions plus 1 clear catch-all principle shapes behavior better than a rulebook that tries to anticipate everything. What's the 1 principle in your business that would cover 90% of the situations your policy manual tries to list out individually?Read more
It's called Allemansrätten, the right of public access. Swedish law spells it out in almost no detail: the constitution gives it 1 sentence. The specifics that exist are narrow: stay roughly 70 meters from a dwelling house, no fires during a burn ban, no picking in a protected national park. Everything else comes down to "don't disturb, don't destroy," and the judgment of whoever's standing on the land. Compare that to how most companies write their handbooks. A 40-page policy that tries to name every possible violation in advance produces employees who follow the letter of page 12 while missing the spirit of the document. Allemansrätten does the opposite. It sets one wide default (you may be here), draws a small number of hard lines (not this close to a house, not during a fire ban), and trusts a single principle to cover everything the specific rules didn't think to mention. I watch founders try to write their way out of every bad judgment call with a new clause. The clause count goes up and the actual judgment on the ground doesn't improve, because a rule for every case teaches people to look for the rule instead of thinking about the case. The lesson isn't "have no rules." Sweden has real ones, and breaking the 70-meter zone or a fire ban has real consequences. The lesson is that a few sharp, specific restrictions plus 1 clear catch-all principle shapes behavior better than a rulebook that tries to anticipate everything. What's the 1 principle in your business that would cover 90% of the situations your policy manual tries to list out individually?
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October 2, 2026

"Fail fast" gets credit for Slack. Slack actually took 3 years to fail.

Stewart Butterfield founded Tiny Speck in 2009 to build a game called Glitch. He raised money for it, built a team around it, and ran it as a real company with real users for 3 years, not 3 weeks. Glitch shut down in December 2012. What survived the shutdown wasn't a fast pivot away from a bad idea. It was the internal chat tool the team had built to talk to each other while making the game, a tool nobody set out to build in the first place. That tool became Slack, which launched publicly the following year and eventually sold to Salesforce for billions. "Fail fast" tells founders to kill ideas quickly so they can move on to the next one. Butterfield didn't kill Glitch quickly, and that's the part of the story the slogan leaves out. He ran it long enough to see exactly which part of a failing product people actually valued. A 3-week failure doesn't give you that kind of information. A 3-year one, run by a team paying close attention the whole way through, does. The founders I watch chase "fail fast" often use it to justify not finishing the diagnosis. They kill the product at the first sign of trouble and walk away with a lesson too vague to act on: "that market didn't want it," instead of "these specific 200 users kept using this 1 feature we almost cut." Speed wasn't the variable that mattered in Slack's story. Attention was. Butterfield's team was watching closely enough, for long enough, to notice what they had actually built underneath the thing that failed. If you're about to declare something a fast failure, what have you actually looked at closely enough to know why it failed?Read more
Stewart Butterfield founded Tiny Speck in 2009 to build a game called Glitch. He raised money for it, built a team around it, and ran it as a real company with real users for 3 years, not 3 weeks. Glitch shut down in December 2012. What survived the shutdown wasn't a fast pivot away from a bad idea. It was the internal chat tool the team had built to talk to each other while making the game, a tool nobody set out to build in the first place. That tool became Slack, which launched publicly the following year and eventually sold to Salesforce for billions. "Fail fast" tells founders to kill ideas quickly so they can move on to the next one. Butterfield didn't kill Glitch quickly, and that's the part of the story the slogan leaves out. He ran it long enough to see exactly which part of a failing product people actually valued. A 3-week failure doesn't give you that kind of information. A 3-year one, run by a team paying close attention the whole way through, does. The founders I watch chase "fail fast" often use it to justify not finishing the diagnosis. They kill the product at the first sign of trouble and walk away with a lesson too vague to act on: "that market didn't want it," instead of "these specific 200 users kept using this 1 feature we almost cut." Speed wasn't the variable that mattered in Slack's story. Attention was. Butterfield's team was watching closely enough, for long enough, to notice what they had actually built underneath the thing that failed. If you're about to declare something a fast failure, what have you actually looked at closely enough to know why it failed?
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October 1, 2026

Everyone cites Basecamp's 4-day summer week as proof that shorter weeks don't hurt output. Basecamp never published a number that proves it.

Since 2017, Basecamp has run a 32-hour week every May through September: 4 days, no exceptions. CEO Jason Fried's explanation isn't a productivity study. His actual line: "You can get plenty of stuff done in 32 and 40 hours if you cut out all the stuff that's taking up your time." That's a claim about cutting waste, not a measured result. No before-and-after output numbers, no client-satisfaction scores, no revenue comparison. Just a founder's word that it works, repeated by thousands of people who never checked it. Compare that to the UK's actual 2022 trial: 61 companies, about 2,900 employees, tracked for 6 months on a real framework (100% of the pay, 80% of the hours, 100% of the output expected). The measured results: a 65% drop in sick days, 71% of employees reporting less burnout, and revenue that stayed flat or rose slightly. 56 of the 61 companies kept the schedule after the trial ended, and 18 made it permanent. That's a study, with a control group of expectations set in advance. Basecamp's story is an anecdote that happens to be 8 summers old. I'm not saying Fried is wrong. A company doesn't keep an inconvenient policy for 8 years by accident. But "we kept doing it" is evidence of tolerance, not proof of equal output. The UK trial is the version with receipts, and it's the one worth citing when you make your case to a skeptical co-founder or board. If you're thinking about a 4-day week, don't borrow Basecamp's conclusion. Borrow the UK trial's method: pick a real metric before you start, not after you already like the outcome. What would you actually measure if you tried this for 90 days?Read more
Since 2017, Basecamp has run a 32-hour week every May through September: 4 days, no exceptions. CEO Jason Fried's explanation isn't a productivity study. His actual line: "You can get plenty of stuff done in 32 and 40 hours if you cut out all the stuff that's taking up your time." That's a claim about cutting waste, not a measured result. No before-and-after output numbers, no client-satisfaction scores, no revenue comparison. Just a founder's word that it works, repeated by thousands of people who never checked it. Compare that to the UK's actual 2022 trial: 61 companies, about 2,900 employees, tracked for 6 months on a real framework (100% of the pay, 80% of the hours, 100% of the output expected). The measured results: a 65% drop in sick days, 71% of employees reporting less burnout, and revenue that stayed flat or rose slightly. 56 of the 61 companies kept the schedule after the trial ended, and 18 made it permanent. That's a study, with a control group of expectations set in advance. Basecamp's story is an anecdote that happens to be 8 summers old. I'm not saying Fried is wrong. A company doesn't keep an inconvenient policy for 8 years by accident. But "we kept doing it" is evidence of tolerance, not proof of equal output. The UK trial is the version with receipts, and it's the one worth citing when you make your case to a skeptical co-founder or board. If you're thinking about a 4-day week, don't borrow Basecamp's conclusion. Borrow the UK trial's method: pick a real metric before you start, not after you already like the outcome. What would you actually measure if you tried this for 90 days?
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September 30, 2026

Google wasn't the first search engine. Amazon wasn't the first internet bookseller. AOL wasn't the first online service. All 3 became the category leader…

I researched and wrote about this 25 years ago, back when "first-mover advantage" was still gospel in the MBA classroom. Marketing professors Gerard Tellis and Peter Golder later spent a decade studying 66 markets for their book Will and Vision and reached the same conclusion: pioneers mostly fail, hold low market share, and rarely stay the leader. AltaVista and Yahoo got to search first. CompuServe and Prodigy got to online services first. Ampex got to video recorders first, and Sony beat them there. Gillette entered the safety razor market decades after it existed and has dominated it since. Being first is expensive in ways that don't show up on a pitch deck. The pioneer pays to educate a market that doesn't know it wants the product yet, and absorbs the manufacturing, pricing, and distribution mistakes everyone after gets to skip for free. By the time a fast follower shows up, the market already knows what it wants and exactly where the first version fell short. I still watch founders treat "nobody else is doing this" as validation. It usually means you're about to fund the market education your competitor will use for free in 2 years, while you're still explaining why this category exists at all. Being first isn't nothing. AOL still had to out-execute CompuServe once it entered. Sony still had to out-build Ampex. Speed to market never replaced the harder job of building something better than what came before it. If you're first in your category right now, what specific mistake are you making that a competitor is quietly watching and waiting to avoid?Read more
I researched and wrote about this 25 years ago, back when "first-mover advantage" was still gospel in the MBA classroom. Marketing professors Gerard Tellis and Peter Golder later spent a decade studying 66 markets for their book Will and Vision and reached the same conclusion: pioneers mostly fail, hold low market share, and rarely stay the leader. AltaVista and Yahoo got to search first. CompuServe and Prodigy got to online services first. Ampex got to video recorders first, and Sony beat them there. Gillette entered the safety razor market decades after it existed and has dominated it since. Being first is expensive in ways that don't show up on a pitch deck. The pioneer pays to educate a market that doesn't know it wants the product yet, and absorbs the manufacturing, pricing, and distribution mistakes everyone after gets to skip for free. By the time a fast follower shows up, the market already knows what it wants and exactly where the first version fell short. I still watch founders treat "nobody else is doing this" as validation. It usually means you're about to fund the market education your competitor will use for free in 2 years, while you're still explaining why this category exists at all. Being first isn't nothing. AOL still had to out-execute CompuServe once it entered. Sony still had to out-build Ampex. Speed to market never replaced the harder job of building something better than what came before it. If you're first in your category right now, what specific mistake are you making that a competitor is quietly watching and waiting to avoid?
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September 29, 2026

Malcolm Gladwell told you 10,000 hours makes an expert. The scientist behind that number says half his own violinists never hit it.

Anders Ericsson studied violin students at a Berlin academy in 1993. The most accomplished group averaged 10,000 hours of practice by age 20. Average, not minimum. Ericsson said later that half of the top 10 violinists in that group hadn't logged 10,000 hours. Gladwell turned an average into a rule in Outliers, and the rule doesn't hold up anywhere else. International piano competition winners rack up 20,000 to 25,000 hours by age 30, more than double the number Gladwell made famous. Expert-level digit memorizers get there in about 200 hours. The Beatles, Gladwell's other favorite example, played roughly 1,100 hours in Hamburg before their breakthrough, not 10,000, and part of what made them succeed was songwriting, not stage time. Ericsson also studied students already admitted to an elite academy, not a random sample of the population. His finding was never that anyone who practices 10,000 hours becomes an expert. It was that practice quality matters more than practice quantity, and that the ceiling on improvement is higher than most people assume. I see founders use the 10,000-hour rule to justify grinding on the wrong thing for years. A team that runs the same broken sales process for 10,000 hours doesn't master selling. It masters the broken process. Before you tell yourself you need more reps, ask what you're practicing. Are you running experiments and adjusting, or repeating the same motion and calling it experience? What's the 1 skill in your business you've logged the most hours on without deliberately improving how you do it?Read more
Anders Ericsson studied violin students at a Berlin academy in 1993. The most accomplished group averaged 10,000 hours of practice by age 20. Average, not minimum. Ericsson said later that half of the top 10 violinists in that group hadn't logged 10,000 hours. Gladwell turned an average into a rule in Outliers, and the rule doesn't hold up anywhere else. International piano competition winners rack up 20,000 to 25,000 hours by age 30, more than double the number Gladwell made famous. Expert-level digit memorizers get there in about 200 hours. The Beatles, Gladwell's other favorite example, played roughly 1,100 hours in Hamburg before their breakthrough, not 10,000, and part of what made them succeed was songwriting, not stage time. Ericsson also studied students already admitted to an elite academy, not a random sample of the population. His finding was never that anyone who practices 10,000 hours becomes an expert. It was that practice quality matters more than practice quantity, and that the ceiling on improvement is higher than most people assume. I see founders use the 10,000-hour rule to justify grinding on the wrong thing for years. A team that runs the same broken sales process for 10,000 hours doesn't master selling. It masters the broken process. Before you tell yourself you need more reps, ask what you're practicing. Are you running experiments and adjusting, or repeating the same motion and calling it experience? What's the 1 skill in your business you've logged the most hours on without deliberately improving how you do it?
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September 28, 2026

Sweden lets you protect 3 employees from a layoff. Could you name yours?

The default rule is last in, first out. Verksamt, Sweden's official business portal, states it plainly: when a company cuts jobs because of a shortage of work, the people who started most recently go first. If 2 employees have the same length of service, the older one stays. Employers get an exception. They can exclude 3 employees who are of particular importance to the continued operation from that order. Since a 2022 reform, that applies to every employer, whatever the size. Before that, only firms with 10 or fewer employees could exempt anyone, and only 2 people. The employer also has to negotiate with the union under a law called MBL, so it's no quick sort. Now picture the week you have to cut 2 people at your own company. You'd decide that week, under pressure, with a spreadsheet and a lot of guilt. There'd be no calm moment to ask who the business needs most. Swedish law hands you a starting order and a short list of people you may protect. My opinion: if you can't name your 3 today, you don't know who your business runs on. I'd guess most founders can't. The rule is blunt, and it can push out strong recent hires. That's a real cost. I still like that it makes an owner answer the question early. So answer it now, while nobody's job is at risk. Write down 3 names. Next to each, write what they do that nobody else can. Then check whether their pay, title, and scope match what you wrote. This is a way to see the decision, not legal advice for your country. The Swedish test is importance to the operation, so write down why each name is on your list. Who are your 3?Read more
The default rule is last in, first out. Verksamt, Sweden's official business portal, states it plainly: when a company cuts jobs because of a shortage of work, the people who started most recently go first. If 2 employees have the same length of service, the older one stays. Employers get an exception. They can exclude 3 employees who are of particular importance to the continued operation from that order. Since a 2022 reform, that applies to every employer, whatever the size. Before that, only firms with 10 or fewer employees could exempt anyone, and only 2 people. The employer also has to negotiate with the union under a law called MBL, so it's no quick sort. Now picture the week you have to cut 2 people at your own company. You'd decide that week, under pressure, with a spreadsheet and a lot of guilt. There'd be no calm moment to ask who the business needs most. Swedish law hands you a starting order and a short list of people you may protect. My opinion: if you can't name your 3 today, you don't know who your business runs on. I'd guess most founders can't. The rule is blunt, and it can push out strong recent hires. That's a real cost. I still like that it makes an owner answer the question early. So answer it now, while nobody's job is at risk. Write down 3 names. Next to each, write what they do that nobody else can. Then check whether their pay, title, and scope match what you wrote. This is a way to see the decision, not legal advice for your country. The Swedish test is importance to the operation, so write down why each name is on your list. Who are your 3?
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September 27, 2026

My other alma mater just made its first major curriculum move on AI, and I like the order they did it in.

Wharton didn't bolt an "AI elective" onto the existing MBA — it built a whole new major, anchored by a required ethics course before students ever touch a model in a live business context. That ordering is the whole argument: schools that treat AI as a technical add-on will graduate students who can prompt but can't reason. Schools that treat it as a business discipline, with accountability baked in from day one, will graduate the ones companies actually trust with the keys. Business education is being rewritten in real time, and I'm glad to see Wharton writing it with rigor instead of hype. #BusinessEducation #AIinEducationRead more
Wharton didn't bolt an "AI elective" onto the existing MBA — it built a whole new major, anchored by a required ethics course before students ever touch a model in a live business context. That ordering is the whole argument: schools that treat AI as a technical add-on will graduate students who can prompt but can't reason. Schools that treat it as a business discipline, with accountability baked in from day one, will graduate the ones companies actually trust with the keys. Business education is being rewritten in real time, and I'm glad to see Wharton writing it with rigor instead of hype. #BusinessEducation #AIinEducation
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September 27, 2026

I told you twice this year that winning a customer costs 5 times more than keeping one. I checked. The proof is thin. If that ratio sets your budget, check…

Amy Gallo put a range of 5 to 25 times in a 2014 HBR article and hedged it herself: it depends on which study you believe and what industry you're in. She named no study. The 5x figure is the low end of her range. The authors of the 2005 book Loyalty Myths tried to trace it. Keiningham, Vavra, Aksoy, and Wallard say the earliest source they could find was research by the Technical Assistance Research Project in the late 1980s. They call it a myth and give 3 reasons: 1. The math assumes existing customers spend more, pay full price, and cost less to serve. The book says nobody proved that. 2. Acquisition costs weigh most early in a product's life, and retention costs weigh most late. 3. The customers who cost the most to keep are often the most profitable. The other famous number has thin evidence too. Frederick Reichheld and W. Earl Sasser wrote in HBR in 1990 that keeping 5% more customers can nearly double profits. Their main evidence was 1 credit card company, and 1 case can't set a rule. That doesn't make retention a bad bet. It makes the ratio unproven, and in my opinion misleading, because it treats every customer as equal. So measure your own. Divide last year's spend to win customers by the customers you won. Divide what you spent to serve and keep them, including support, product, and account time, by the customers you kept. Then set each number next to the margin a typical customer gives you in a year. Which is bigger for you: the cost to win, or the margin to keep?Read more
Amy Gallo put a range of 5 to 25 times in a 2014 HBR article and hedged it herself: it depends on which study you believe and what industry you're in. She named no study. The 5x figure is the low end of her range. The authors of the 2005 book Loyalty Myths tried to trace it. Keiningham, Vavra, Aksoy, and Wallard say the earliest source they could find was research by the Technical Assistance Research Project in the late 1980s. They call it a myth and give 3 reasons: 1. The math assumes existing customers spend more, pay full price, and cost less to serve. The book says nobody proved that. 2. Acquisition costs weigh most early in a product's life, and retention costs weigh most late. 3. The customers who cost the most to keep are often the most profitable. The other famous number has thin evidence too. Frederick Reichheld and W. Earl Sasser wrote in HBR in 1990 that keeping 5% more customers can nearly double profits. Their main evidence was 1 credit card company, and 1 case can't set a rule. That doesn't make retention a bad bet. It makes the ratio unproven, and in my opinion misleading, because it treats every customer as equal. So measure your own. Divide last year's spend to win customers by the customers you won. Divide what you spent to serve and keep them, including support, product, and account time, by the customers you kept. Then set each number next to the margin a typical customer gives you in a year. Which is bigger for you: the cost to win, or the margin to keep?
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September 26, 2026

My alma mater just handed the AI-in-education debate its sharpest data point yet.

A Brown economics professor's take-home midterm averaged 96, with 40 perfect scores. Same material, in person and closed-book: the average dropped to 48, and 22 of those "perfect" students dropped the course. I want to be careful here — this isn't an argument against AI in the classroom, and it's not a knock on Brown. It's an argument against assessment design that hasn't caught up to the tools sitting in every student's pocket. If your test can be beaten by pasting the question into a chatbot, you're not measuring learning, you're measuring access to a chatbot. The schools that get this right won't ban AI or worship it — they'll rebuild what "proof of understanding" actually means. That's the real work ahead of business education right now, and I'll be watching how my own alma mater responds. #AIinEducation #TheoryIntoPracticeRead more
A Brown economics professor's take-home midterm averaged 96, with 40 perfect scores. Same material, in person and closed-book: the average dropped to 48, and 22 of those "perfect" students dropped the course. I want to be careful here — this isn't an argument against AI in the classroom, and it's not a knock on Brown. It's an argument against assessment design that hasn't caught up to the tools sitting in every student's pocket. If your test can be beaten by pasting the question into a chatbot, you're not measuring learning, you're measuring access to a chatbot. The schools that get this right won't ban AI or worship it — they'll rebuild what "proof of understanding" actually means. That's the real work ahead of business education right now, and I'll be watching how my own alma mater responds. #AIinEducation #TheoryIntoPractice
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September 26, 2026

Free trials that ask for a credit card convert 30% of signups. Trials without one convert under 6%.

Your signup count is flattering you. ChartMogul's SaaS Conversion Report, from Kyle Poyar in early 2026, studied 200 B2B software products. It counted a signup as converted if the person paid within 6 months. Trials that require a card converted 30%, more than 5x the trials that don't. The median across all products was 8%. Now look at the funnel across all the trials in the report. 1,000 website visitors produced 45 signups and 3.6 paying customers. 45 people said yes to free. About 41 didn't pay within 6 months. Freemium products got 90 signups and 5 paying customers per 1,000 visitors, twice the signups and only 1.4 more customers. A signup with no card costs the person nothing. It counts everyone who's curious, and curious is not the same as buying. That's why I read a no-card trial as a measure of curiosity, not demand. It's my inference. The report shows correlation only, and it doesn't say how many fewer people sign up when a card is required. So a higher rate on fewer signups isn't automatically more customers. Test a card requirement on your own funnel with your own numbers before you change your form. My view: count paying customers as demand, and count signups as interest. Start with your last 100 signups. Count how many used the product twice, how many talked to you, and how many paid. 45 signups feels like growth. 3.6 paying customers is the business. The gap between those 2 numbers is your real conversation. What does your dashboard lead with: signups or payments? Tell me which, and what the other number is.Read more
Your signup count is flattering you. ChartMogul's SaaS Conversion Report, from Kyle Poyar in early 2026, studied 200 B2B software products. It counted a signup as converted if the person paid within 6 months. Trials that require a card converted 30%, more than 5x the trials that don't. The median across all products was 8%. Now look at the funnel across all the trials in the report. 1,000 website visitors produced 45 signups and 3.6 paying customers. 45 people said yes to free. About 41 didn't pay within 6 months. Freemium products got 90 signups and 5 paying customers per 1,000 visitors, twice the signups and only 1.4 more customers. A signup with no card costs the person nothing. It counts everyone who's curious, and curious is not the same as buying. That's why I read a no-card trial as a measure of curiosity, not demand. It's my inference. The report shows correlation only, and it doesn't say how many fewer people sign up when a card is required. So a higher rate on fewer signups isn't automatically more customers. Test a card requirement on your own funnel with your own numbers before you change your form. My view: count paying customers as demand, and count signups as interest. Start with your last 100 signups. Count how many used the product twice, how many talked to you, and how many paid. 45 signups feels like growth. 3.6 paying customers is the business. The gap between those 2 numbers is your real conversation. What does your dashboard lead with: signups or payments? Tell me which, and what the other number is.
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September 25, 2026

Google once got rid of its engineering managers. It took a few months to bring them back.

Promote your best engineer to manager and you may lose the engineer you were trying to reward. Here's what Google's manager research lists. In 2002, Google tried a flat organization with no engineering managers. Employees took their problems straight to Larry Page, and management returned. In 2008, Google studied its highest- and lowest-rated managers and turned the difference into a list of 8 behaviors. Being a good coach came 1st. Having key technical skills to advise the team came 8th, the last item on the list. You can read an engineer's code and count what they ship, so technical skill is easy to see. Coaching is harder to see. In my view, that makes your strongest engineer an easy pick and an unproven manager, and you give up the skill you promoted them for. You lose your best engineer and gain a manager nobody trained. That's a loss you chose. Managers matter to the whole team. Garvin's account in Harvard Business Review reports that employees with high-scoring managers were more satisfied, and those managers saw lower turnover. That's why this pick deserves more than a reward. Technical skill made Google's list, so managers of engineers need some. Google may not have ranked the list, so read 8th as its place, not its verdict. You don't have to choose between losing an engineer and gaining a manager. Give your best engineer a senior individual contributor path with real pay. Ask them whether they want to manage. If they do, let them coach 1 person for a quarter before you decide. What would your best engineer say if you asked?Read more
Promote your best engineer to manager and you may lose the engineer you were trying to reward. Here's what Google's manager research lists. In 2002, Google tried a flat organization with no engineering managers. Employees took their problems straight to Larry Page, and management returned. In 2008, Google studied its highest- and lowest-rated managers and turned the difference into a list of 8 behaviors. Being a good coach came 1st. Having key technical skills to advise the team came 8th, the last item on the list. You can read an engineer's code and count what they ship, so technical skill is easy to see. Coaching is harder to see. In my view, that makes your strongest engineer an easy pick and an unproven manager, and you give up the skill you promoted them for. You lose your best engineer and gain a manager nobody trained. That's a loss you chose. Managers matter to the whole team. Garvin's account in Harvard Business Review reports that employees with high-scoring managers were more satisfied, and those managers saw lower turnover. That's why this pick deserves more than a reward. Technical skill made Google's list, so managers of engineers need some. Google may not have ranked the list, so read 8th as its place, not its verdict. You don't have to choose between losing an engineer and gaining a manager. Give your best engineer a senior individual contributor path with real pay. Ask them whether they want to manage. If they do, let them coach 1 person for a quarter before you decide. What would your best engineer say if you asked?
On LinkedIn →

September 24, 2026

Top sellers get promoted to manager first. A study of 214 firms found the costs are high.

The logic feels fair. Your top seller earned it, so you hand them the team. Alan Benson, Danielle Li, and Kelly Shue studied sales workers at 214 U.S. firms and published the results in the Quarterly Journal of Economics in 2019. Outstanding sales performance raised the odds of promotion, and it was associated with sales declines. Their conclusion: firms promote on how someone did the last job, not on the traits that predict managing. Selling and managing are different jobs. A great seller wins by closing deals. A manager wins by helping other people close theirs. Your top seller may have never practiced the second skill, because nothing in the old role required it. The old role also hides the gap: a top seller's results show up in their own numbers, and a manager's results show up in someone else's. Founders make this swap because promotion is the reward they reach for first, and it feels right for the person who carried the quarter. You lose a great closer and gain a struggling manager, and the second loss spreads across a whole team. The authors also note a fair counterpoint. A promotion can work as an incentive, so the trade might pay for itself in some firms. Few founders run that math. They promote first and learn the cost later, usually in the numbers of the team that person now leads. You have options that don't require handing someone a team they never asked to run. Pay your top seller more for staying a seller. Give them a short trial as a team lead with a clear way back. Ask what they want, because some of your best closers hate managing. Would you promote your best seller? Tell me what you'd do instead.Read more
The logic feels fair. Your top seller earned it, so you hand them the team. Alan Benson, Danielle Li, and Kelly Shue studied sales workers at 214 U.S. firms and published the results in the Quarterly Journal of Economics in 2019. Outstanding sales performance raised the odds of promotion, and it was associated with sales declines. Their conclusion: firms promote on how someone did the last job, not on the traits that predict managing. Selling and managing are different jobs. A great seller wins by closing deals. A manager wins by helping other people close theirs. Your top seller may have never practiced the second skill, because nothing in the old role required it. The old role also hides the gap: a top seller's results show up in their own numbers, and a manager's results show up in someone else's. Founders make this swap because promotion is the reward they reach for first, and it feels right for the person who carried the quarter. You lose a great closer and gain a struggling manager, and the second loss spreads across a whole team. The authors also note a fair counterpoint. A promotion can work as an incentive, so the trade might pay for itself in some firms. Few founders run that math. They promote first and learn the cost later, usually in the numbers of the team that person now leads. You have options that don't require handing someone a team they never asked to run. Pay your top seller more for staying a seller. Give them a short trial as a team lead with a clear way back. Ask what they want, because some of your best closers hate managing. Would you promote your best seller? Tell me what you'd do instead.
On LinkedIn →

September 23, 2026

Circuit City was 1 of the 11 "great" companies in Good to Great. It filed for bankruptcy 7 years after the book came out.

Jim Collins picked 11 companies that beat the market, then listed what they had in common. Circuit City filed for Chapter 11 in November 2008, and Fannie Mae, another of the 11, ran into serious trouble too. A list of shared traits reads like a recipe until the companies stop winning. The flaw sits in the method. Phil Rosenzweig argued in The Halo Effect that the research leaned heavily on magazine articles. Coverage tends to describe a company through its results, so a company that's winning gets credit for great strategy and culture. That's the halo. Compare that to Abraham Wald. During World War II, he worked at Columbia's Statistical Research Group with damage data from planes that made it back. He built the math to estimate what happened to the planes that never returned. He didn't study the survivors harder. He asked about the missing ones. Most founders read business the opposite way. Study the winners. List their habits. Copy the list. Few people study the companies that had the same habits and folded, because those companies rarely write books. The same trap runs through founder advice. Every "raise early" or "stay lean" story comes from someone who survived doing it. The founders who did the same thing and closed their doors rarely get asked to tell the story, so their version never reaches the room. A habit shared by every winner tells you nothing until you know how many losers shared it too. Before you copy a playbook, ask 1 question: where are the companies that did this and failed? Which business book would you re-read with that question?Read more
Jim Collins picked 11 companies that beat the market, then listed what they had in common. Circuit City filed for Chapter 11 in November 2008, and Fannie Mae, another of the 11, ran into serious trouble too. A list of shared traits reads like a recipe until the companies stop winning. The flaw sits in the method. Phil Rosenzweig argued in The Halo Effect that the research leaned heavily on magazine articles. Coverage tends to describe a company through its results, so a company that's winning gets credit for great strategy and culture. That's the halo. Compare that to Abraham Wald. During World War II, he worked at Columbia's Statistical Research Group with damage data from planes that made it back. He built the math to estimate what happened to the planes that never returned. He didn't study the survivors harder. He asked about the missing ones. Most founders read business the opposite way. Study the winners. List their habits. Copy the list. Few people study the companies that had the same habits and folded, because those companies rarely write books. The same trap runs through founder advice. Every "raise early" or "stay lean" story comes from someone who survived doing it. The founders who did the same thing and closed their doors rarely get asked to tell the story, so their version never reaches the room. A habit shared by every winner tells you nothing until you know how many losers shared it too. Before you copy a playbook, ask 1 question: where are the companies that did this and failed? Which business book would you re-read with that question?
On LinkedIn →

September 22, 2026

Sweden trusts employees for 7 days before it asks for a doctor's note. What's your number?

The employer pays sick pay for the first 14 days. The employee reports the illness on day 1 and hands in a doctor's certificate by day 8. After day 14, the state's social insurance agency takes over the payments. You'd expect that setup to invite abuse. Sweden's main guardrail isn't surveillance. It's a waiting deduction equal to 20% of an average week's sick pay, applied once per 14-day sick period. It's small enough not to punish a real illness and big enough that a sick day isn't free. The company also carries the cost for those first 14 days, and that's the real check on the system. You don't need to prove someone is sick when the rule already makes a sick day cost something. After day 14, the state handles the long illness, so nobody at your company has to play judge of it. Now think about the policy many founders write on instinct: a doctor's note for a 2-day cold, a manager who logs every absence, and a team that shows up sick because staying home feels like a performance review. Each of those rules feels like protection, and each one bills you later. The doctor's note costs your employee a clinic visit and costs you a filing chore, and every demand for proof tells your team you assumed they were lying. The absence log turns your managers into detectives. The sick employee in the office costs you the rest of the team's week. Sweden put the friction in 1 cheap place, a small cost on day 1, and skipped the expensive ones. You can audit everyone to catch the 1 person who games the system. Or you can price the friction once and get back to work. Could your company run on a day 8 doctor's note? Tell me where it breaks.Read more
The employer pays sick pay for the first 14 days. The employee reports the illness on day 1 and hands in a doctor's certificate by day 8. After day 14, the state's social insurance agency takes over the payments. You'd expect that setup to invite abuse. Sweden's main guardrail isn't surveillance. It's a waiting deduction equal to 20% of an average week's sick pay, applied once per 14-day sick period. It's small enough not to punish a real illness and big enough that a sick day isn't free. The company also carries the cost for those first 14 days, and that's the real check on the system. You don't need to prove someone is sick when the rule already makes a sick day cost something. After day 14, the state handles the long illness, so nobody at your company has to play judge of it. Now think about the policy many founders write on instinct: a doctor's note for a 2-day cold, a manager who logs every absence, and a team that shows up sick because staying home feels like a performance review. Each of those rules feels like protection, and each one bills you later. The doctor's note costs your employee a clinic visit and costs you a filing chore, and every demand for proof tells your team you assumed they were lying. The absence log turns your managers into detectives. The sick employee in the office costs you the rest of the team's week. Sweden put the friction in 1 cheap place, a small cost on day 1, and skipped the expensive ones. You can audit everyone to catch the 1 person who games the system. Or you can price the friction once and get back to work. Could your company run on a day 8 doctor's note? Tell me where it breaks.
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September 21, 2026

The riskiest thing in your business right now isn't raising your prices. It's the price you haven't touched in two years.

Most owners wait for a signal that never comes. They tell themselves they'll raise prices once they hire the next person, once they're "established enough" that nobody will push back, once the slow season ends and things feel more stable. That moment doesn't arrive. There's always a reason this quarter feels too fragile to risk it. Meanwhile the cost of running the business has already moved. The owner is absorbing that increase every month and calling it loyalty to their customers. It isn't loyalty. It's a discount nobody asked for, funded entirely by the owner's own margin, and it compounds. A 3 percent cost increase absorbed quietly for 2 years is a lot of unpaid work disguised as good customer service. Picture two owners running nearly identical businesses. One raises prices 8 percent this year because costs went up 8 percent. A handful of customers grumble, one or two leave, and the business keeps the margin it needs to invest in itself. The other holds the old price for another year, waiting to feel ready, watching the same costs eat further into what's left at the end of the month. Same market, same customers, a completely different year. The businesses that raise prices confidently aren't the ones with more proof they deserve it. They're the ones who stopped waiting for proof. They picked a date, told existing customers with enough notice, and let a small percentage leave. The ones who stayed were never price shopping you in the first place. They were paying for something the lowest bidder couldn't give them. If you're waiting to feel ready, you're describing a feeling that isn't coming. Pick the date instead.Read more
Most owners wait for a signal that never comes. They tell themselves they'll raise prices once they hire the next person, once they're "established enough" that nobody will push back, once the slow season ends and things feel more stable. That moment doesn't arrive. There's always a reason this quarter feels too fragile to risk it. Meanwhile the cost of running the business has already moved. The owner is absorbing that increase every month and calling it loyalty to their customers. It isn't loyalty. It's a discount nobody asked for, funded entirely by the owner's own margin, and it compounds. A 3 percent cost increase absorbed quietly for 2 years is a lot of unpaid work disguised as good customer service. Picture two owners running nearly identical businesses. One raises prices 8 percent this year because costs went up 8 percent. A handful of customers grumble, one or two leave, and the business keeps the margin it needs to invest in itself. The other holds the old price for another year, waiting to feel ready, watching the same costs eat further into what's left at the end of the month. Same market, same customers, a completely different year. The businesses that raise prices confidently aren't the ones with more proof they deserve it. They're the ones who stopped waiting for proof. They picked a date, told existing customers with enough notice, and let a small percentage leave. The ones who stayed were never price shopping you in the first place. They were paying for something the lowest bidder couldn't give them. If you're waiting to feel ready, you're describing a feeling that isn't coming. Pick the date instead.
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September 20, 2026

The org chart shows who can approve the budget. It doesn't show who knew the budget would blow up three months before it did.

Look at any company's org chart: CEO at the top, VPs below, then managers, then everyone else. That chart tells you who can sign off on a decision. It tells you nothing about who saw the decision coming apart. That knowledge usually sits with a coordinator or a mid-level engineer, someone close enough to the work to watch the warning signs pile up weeks before anyone above them notices. The org chart puts that person near the bottom. The problem puts them at the center of it. Most companies route decisions through the chart instead of through the information. A VP two layers removed from the work makes the call, because that's what the chart says should happen. The person who saw it coming gets asked for a status update after the decision is already made and already failing. This is why reorgs rarely fix anything. You can redraw the boxes and lines as many times as you want. If the new chart still routes decisions away from the people who hold the information, all you've rearranged is who's confused. Think about the last decision at your company that blew up after it was made. Somewhere in the building, someone had flagged it weeks earlier. They weren't in the room, because the chart said they didn't need to be. The fix isn't flattening the chart or adding more meetings. Before any decision, ask who in the building knows the answer, and get that person in the room before the org chart decides for them. The chart will tell you who signs off. It won't tell you who to ask first.Read more
Look at any company's org chart: CEO at the top, VPs below, then managers, then everyone else. That chart tells you who can sign off on a decision. It tells you nothing about who saw the decision coming apart. That knowledge usually sits with a coordinator or a mid-level engineer, someone close enough to the work to watch the warning signs pile up weeks before anyone above them notices. The org chart puts that person near the bottom. The problem puts them at the center of it. Most companies route decisions through the chart instead of through the information. A VP two layers removed from the work makes the call, because that's what the chart says should happen. The person who saw it coming gets asked for a status update after the decision is already made and already failing. This is why reorgs rarely fix anything. You can redraw the boxes and lines as many times as you want. If the new chart still routes decisions away from the people who hold the information, all you've rearranged is who's confused. Think about the last decision at your company that blew up after it was made. Somewhere in the building, someone had flagged it weeks earlier. They weren't in the room, because the chart said they didn't need to be. The fix isn't flattening the chart or adding more meetings. Before any decision, ask who in the building knows the answer, and get that person in the room before the org chart decides for them. The chart will tell you who signs off. It won't tell you who to ask first.
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September 19, 2026

Swedish companies schedule the hardest conversation in the office. American companies wait for you to start it.

In Sweden, the annual salary review is a built-in part of the employment calendar. Under most collective agreements, managers sit down with each employee once a year specifically to discuss pay, tied to performance and the company's financial results. The employee doesn't have to ask for the meeting. It's already on the calendar before they think to request it. Compare that to how a raise usually happens in an American company. Nothing is scheduled. The employee has to decide they deserve more and build a case for it. Then they have to find a moment when the manager seems receptive and raise it themselves, knowing the conversation could go nowhere or make them look greedy for trying. If they don't ask, nobody else brings it up on their behalf. A whole year can pass with strong performance reviews and zero pay conversation, because the employee didn't find the right moment and the company was never required to create one. The burden sits entirely on the person with less power in the relationship, and most companies never notice, because the system was built by the side that never has to sit on the other end of that conversation. This isn't a claim that Swedish employees always get better raises. Some years the answer is still no. The difference is who has to bring up the topic in the first place. A process that schedules the hard conversation treats pay as something the employer owes a regular review, not a favor an employee has to be brave enough to request. If a raise only happens in your company when someone works up the nerve to ask for one, you don't have a compensation process. You have a dare.Read more
In Sweden, the annual salary review is a built-in part of the employment calendar. Under most collective agreements, managers sit down with each employee once a year specifically to discuss pay, tied to performance and the company's financial results. The employee doesn't have to ask for the meeting. It's already on the calendar before they think to request it. Compare that to how a raise usually happens in an American company. Nothing is scheduled. The employee has to decide they deserve more and build a case for it. Then they have to find a moment when the manager seems receptive and raise it themselves, knowing the conversation could go nowhere or make them look greedy for trying. If they don't ask, nobody else brings it up on their behalf. A whole year can pass with strong performance reviews and zero pay conversation, because the employee didn't find the right moment and the company was never required to create one. The burden sits entirely on the person with less power in the relationship, and most companies never notice, because the system was built by the side that never has to sit on the other end of that conversation. This isn't a claim that Swedish employees always get better raises. Some years the answer is still no. The difference is who has to bring up the topic in the first place. A process that schedules the hard conversation treats pay as something the employer owes a regular review, not a favor an employee has to be brave enough to request. If a raise only happens in your company when someone works up the nerve to ask for one, you don't have a compensation process. You have a dare.
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September 18, 2026

Every advisor in the room nodded along with your last plan. That's the worst meeting you had all quarter.

Picture it: a founder walks 5 advisors through a new pricing plan. Heads nod. Someone says "smart move." The meeting ends in 20 minutes instead of the scheduled 60, and the founder leaves feeling validated. That speed is the problem, not the plan. A room that's doing its job takes longer. Someone pokes at the churn assumption. Someone else asks why the discount tier exists at all, and whoever answers has to defend it out loud instead of restating it. Real scrutiny is slow and a little uncomfortable. Fast, unanimous agreement isn't 5 opinions converging. It's 5 people who didn't do the work, or 5 people who learned that disagreeing with you doesn't get them invited back to the next meeting. An advisor's job is to find the hole in your plan before a customer does. If nobody in the room has found one in the last 6 meetings, either your plans have become flawless, which never happens, or the room has quietly agreed it isn't worth the friction of telling you. Both explanations should worry you, and only one of them is fixable. The fix isn't firing the agreeable advisors. It's asking one of them directly, after the next meeting: "What did you disagree with in there, and why didn't you say it?" Most will have an answer. That answer is worth more than the whole meeting that came before it, and it tells you something the meeting itself never will: whether your board still believes pushing back is part of the job, or whether it quietly decided that's not what the seat pays for anymore. If your advisory board hasn't told you "no" in the last 6 months, you don't have advisors. You have an audience.Read more
Picture it: a founder walks 5 advisors through a new pricing plan. Heads nod. Someone says "smart move." The meeting ends in 20 minutes instead of the scheduled 60, and the founder leaves feeling validated. That speed is the problem, not the plan. A room that's doing its job takes longer. Someone pokes at the churn assumption. Someone else asks why the discount tier exists at all, and whoever answers has to defend it out loud instead of restating it. Real scrutiny is slow and a little uncomfortable. Fast, unanimous agreement isn't 5 opinions converging. It's 5 people who didn't do the work, or 5 people who learned that disagreeing with you doesn't get them invited back to the next meeting. An advisor's job is to find the hole in your plan before a customer does. If nobody in the room has found one in the last 6 meetings, either your plans have become flawless, which never happens, or the room has quietly agreed it isn't worth the friction of telling you. Both explanations should worry you, and only one of them is fixable. The fix isn't firing the agreeable advisors. It's asking one of them directly, after the next meeting: "What did you disagree with in there, and why didn't you say it?" Most will have an answer. That answer is worth more than the whole meeting that came before it, and it tells you something the meeting itself never will: whether your board still believes pushing back is part of the job, or whether it quietly decided that's not what the seat pays for anymore. If your advisory board hasn't told you "no" in the last 6 months, you don't have advisors. You have an audience.
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September 17, 2026

Your biggest competitor isn't a company. It's a spreadsheet your customer already has.

Most founders build a competitor list by asking who else sells something similar, then track those 3 or 4 companies closely: pricing, features, launch timing, every press mention. It feels like the research got done, because the tracker is full and the logos are familiar. But when a deal is lost, the real challenger usually isn't on that list. It's one of 3 things: the customer decided to do nothing and kept the workaround they already had, they built a version in-house with a junior hire, or they delayed the decision 6 months because nothing felt urgent enough. None of those 3 shows up in a feature comparison chart. Picture a CRM startup that spends a quarter matching a bigger rival feature for feature. Win rate barely moves. When the founder finally reads through the lost-deal notes, most of them say some version of "we're sticking with spreadsheets for now." The real competitor was never the bigger CRM. It was a free tool the customer already owned and hadn't gotten tired of yet. You can't out-feature a spreadsheet. You can only make the cost of staying with it visible: the hours lost, the deals that slip through a missed follow-up, the data that lives in someone's head and leaves when they do. Ask one different question after every lost deal: not "who won it," but "what did the customer do instead." Run that across your last 20 losses and you'll get a more honest map of who you compete with than any slide in a strategy deck. If your competitor list doesn't include "nothing" and "a spreadsheet," it's not a competitor list. It's a guess dressed up as research, and your sales team already knows it.Read more
Most founders build a competitor list by asking who else sells something similar, then track those 3 or 4 companies closely: pricing, features, launch timing, every press mention. It feels like the research got done, because the tracker is full and the logos are familiar. But when a deal is lost, the real challenger usually isn't on that list. It's one of 3 things: the customer decided to do nothing and kept the workaround they already had, they built a version in-house with a junior hire, or they delayed the decision 6 months because nothing felt urgent enough. None of those 3 shows up in a feature comparison chart. Picture a CRM startup that spends a quarter matching a bigger rival feature for feature. Win rate barely moves. When the founder finally reads through the lost-deal notes, most of them say some version of "we're sticking with spreadsheets for now." The real competitor was never the bigger CRM. It was a free tool the customer already owned and hadn't gotten tired of yet. You can't out-feature a spreadsheet. You can only make the cost of staying with it visible: the hours lost, the deals that slip through a missed follow-up, the data that lives in someone's head and leaves when they do. Ask one different question after every lost deal: not "who won it," but "what did the customer do instead." Run that across your last 20 losses and you'll get a more honest map of who you compete with than any slide in a strategy deck. If your competitor list doesn't include "nothing" and "a spreadsheet," it's not a competitor list. It's a guess dressed up as research, and your sales team already knows it.
On LinkedIn →

September 16, 2026

You already know which customers will cancel. You labeled it "quiet" instead of "doomed."

A new customer logs in for the first time, stares at an empty dashboard, and opens a support ticket asking where to start. Support answers that one question and closes the ticket. Nobody walks them through what success looks like 90 days out. The customer limps through onboarding, uses the product enough to justify the bill, and goes quiet on the account manager. "Quiet" reads as "stable." It isn't. Twelve months later that account cancels, and the exit survey says "didn't get enough value" or "priorities changed." The account manager who inherited the relationship in month 6 assumed the customer lost interest along the way. They didn't lose interest. They never had a reason to build any. This is why fixing onboarding after the cancellation notices start piling up rarely works. A support team can patch confusion and answer tickets faster. Neither resets what a customer already believes about your product and how much effort it takes to get value from it. That belief forms in the first few sessions, and it hardens fast. A customer who decided in week 1 that your product is "fine, I guess" needs a much bigger reason to change that verdict than a customer who never landed on it in the first place. Most retention budget goes to the exit: a save offer here, a win-back email there. Almost none goes to the entry, where the verdict gets decided, long before any of that budget exists to spend. By the time a customer reads a save offer, the relationship has run on a bad first impression for 11 months. If you can't name what your onboarding proves in week 1, you don't have an onboarding problem. You have a retention leak with a 12-month fuse.Read more
A new customer logs in for the first time, stares at an empty dashboard, and opens a support ticket asking where to start. Support answers that one question and closes the ticket. Nobody walks them through what success looks like 90 days out. The customer limps through onboarding, uses the product enough to justify the bill, and goes quiet on the account manager. "Quiet" reads as "stable." It isn't. Twelve months later that account cancels, and the exit survey says "didn't get enough value" or "priorities changed." The account manager who inherited the relationship in month 6 assumed the customer lost interest along the way. They didn't lose interest. They never had a reason to build any. This is why fixing onboarding after the cancellation notices start piling up rarely works. A support team can patch confusion and answer tickets faster. Neither resets what a customer already believes about your product and how much effort it takes to get value from it. That belief forms in the first few sessions, and it hardens fast. A customer who decided in week 1 that your product is "fine, I guess" needs a much bigger reason to change that verdict than a customer who never landed on it in the first place. Most retention budget goes to the exit: a save offer here, a win-back email there. Almost none goes to the entry, where the verdict gets decided, long before any of that budget exists to spend. By the time a customer reads a save offer, the relationship has run on a bad first impression for 11 months. If you can't name what your onboarding proves in week 1, you don't have an onboarding problem. You have a retention leak with a 12-month fuse.
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September 15, 2026

Sweden made "ask employees before you decide" a legal requirement in 1976. Most American founders are still selling it as a personality trait.

Here's the actual law. Sweden's Act on Co-Determination in the Workplace, known as MBL, has required since 1976 that employers negotiate with the relevant union before making significant decisions about operations, hiring, or restructuring. Section 11 specifically requires the employer to initiate that negotiation on its own, before deciding, not after. It's not a suggestion box. It's not a values statement in an onboarding deck. It's a legal obligation with consequences for skipping it. Compare that to how most companies talk about employee input. "We're a flat organization." "Everyone has a voice here." "We believe in radical transparency." These are cultural claims, made voluntarily, revoked whenever leadership decides the input is inconvenient. There's no Section 11 forcing the conversation to happen before the decision, only after, in a town hall that announces what already got decided. The difference isn't sentiment. It's sequencing. A Swedish employer has to bring the union into the room before the call gets made. An American company with "open door culture" can take input any time it likes, including never, and nothing in the culture deck says otherwise. This isn't a claim that one country runs businesses better than another. It's a specific, checkable difference: one system makes early input a legal precondition for certain decisions, and the other makes it a matter of leadership mood on a given Tuesday. If your culture page says employees have a voice, ask the harder question: at what stage in the actual decision does anyone have to listen, by rule, not by choice?Read more
Here's the actual law. Sweden's Act on Co-Determination in the Workplace, known as MBL, has required since 1976 that employers negotiate with the relevant union before making significant decisions about operations, hiring, or restructuring. Section 11 specifically requires the employer to initiate that negotiation on its own, before deciding, not after. It's not a suggestion box. It's not a values statement in an onboarding deck. It's a legal obligation with consequences for skipping it. Compare that to how most companies talk about employee input. "We're a flat organization." "Everyone has a voice here." "We believe in radical transparency." These are cultural claims, made voluntarily, revoked whenever leadership decides the input is inconvenient. There's no Section 11 forcing the conversation to happen before the decision, only after, in a town hall that announces what already got decided. The difference isn't sentiment. It's sequencing. A Swedish employer has to bring the union into the room before the call gets made. An American company with "open door culture" can take input any time it likes, including never, and nothing in the culture deck says otherwise. This isn't a claim that one country runs businesses better than another. It's a specific, checkable difference: one system makes early input a legal precondition for certain decisions, and the other makes it a matter of leadership mood on a given Tuesday. If your culture page says employees have a voice, ask the harder question: at what stage in the actual decision does anyone have to listen, by rule, not by choice?
On LinkedIn →

September 14, 2026

Your best employee is the worst person to write your onboarding doc, and every company still asks them to.

Here's how it happens. Someone senior, usually the person who's done the job longest, gets asked to "write up the process" for new hires. They open a blank doc and write down what they do. The problem: they've done this job so many times that half of it is now instinct. They skip the steps they stopped noticing years ago, because to them those steps aren't steps. They're just how you breathe. So the doc says "set up the client in the system," and skips which of the 4 systems, in what order, and what to do when the client's name doesn't match the one already in the database because sales entered it wrong. The senior person didn't leave that out on purpose. They forgot it was ever a decision, because they made it correctly on autopilot 200 times before anyone asked them to write it down. A new hire reads that doc on day 3, hits the missing step, and has 2 choices: guess, or interrupt someone busy to ask a question the doc should have answered. Most new hires guess, because interrupting a senior person on day 3 feels riskier than being wrong quietly. Then the guess is wrong, and it takes 3 weeks to surface, usually in a client complaint, not a training review, and by then nobody remembers the doc was ever the cause. The fix isn't a better writer. It's a different author. The person who should draft onboarding docs is whoever finished onboarding most recently, while the confusing parts are still fresh, not the veteran who long ago stopped noticing which parts were ever confusing. Who wrote your onboarding doc, and how long had they been doing the job before they wrote it?Read more
Here's how it happens. Someone senior, usually the person who's done the job longest, gets asked to "write up the process" for new hires. They open a blank doc and write down what they do. The problem: they've done this job so many times that half of it is now instinct. They skip the steps they stopped noticing years ago, because to them those steps aren't steps. They're just how you breathe. So the doc says "set up the client in the system," and skips which of the 4 systems, in what order, and what to do when the client's name doesn't match the one already in the database because sales entered it wrong. The senior person didn't leave that out on purpose. They forgot it was ever a decision, because they made it correctly on autopilot 200 times before anyone asked them to write it down. A new hire reads that doc on day 3, hits the missing step, and has 2 choices: guess, or interrupt someone busy to ask a question the doc should have answered. Most new hires guess, because interrupting a senior person on day 3 feels riskier than being wrong quietly. Then the guess is wrong, and it takes 3 weeks to surface, usually in a client complaint, not a training review, and by then nobody remembers the doc was ever the cause. The fix isn't a better writer. It's a different author. The person who should draft onboarding docs is whoever finished onboarding most recently, while the confusing parts are still fresh, not the veteran who long ago stopped noticing which parts were ever confusing. Who wrote your onboarding doc, and how long had they been doing the job before they wrote it?
On LinkedIn →

September 13, 2026

Founders scaling past 20 employees: the skill that built your company is now the reason it's stuck.

Here's the trap. You started the company doing the sales calls, writing the code, answering every support ticket yourself, because there was nobody else to do it. You got good at that job. Then the company grew, and you kept doing it, because it's the job you're best at and letting go feels like losing your edge. That instinct is backward. The job that built the company at 5 people is not the job that scales it at 50. A founder who still closes every big deal personally isn't being hands-on. They're capping revenue at whatever one person can physically sell, and training the sales team to wait for the founder to show up and close it for them. Picture 2 founders at the same stage. One still runs point on every enterprise deal because "the client wants to talk to the CEO." The other spent 6 months building a sales process good enough that a hire can run the same deal without them in the room. The first founder feels indispensable. The second founder built a company that works without them, and that's the only kind investors want to buy. The tell that you haven't fired yourself yet: the business slows down whenever you take a real vacation. That's not loyalty. That's a single point of failure with a title. Firing yourself from the job doesn't mean stepping back from the company. It means being honest about which parts of your job description now cost the company more than they're worth, then building the person or the process that replaces you there, on purpose, before growth forces the question. What job are you still doing today that you should have handed off 2 hires ago?Read more
Here's the trap. You started the company doing the sales calls, writing the code, answering every support ticket yourself, because there was nobody else to do it. You got good at that job. Then the company grew, and you kept doing it, because it's the job you're best at and letting go feels like losing your edge. That instinct is backward. The job that built the company at 5 people is not the job that scales it at 50. A founder who still closes every big deal personally isn't being hands-on. They're capping revenue at whatever one person can physically sell, and training the sales team to wait for the founder to show up and close it for them. Picture 2 founders at the same stage. One still runs point on every enterprise deal because "the client wants to talk to the CEO." The other spent 6 months building a sales process good enough that a hire can run the same deal without them in the room. The first founder feels indispensable. The second founder built a company that works without them, and that's the only kind investors want to buy. The tell that you haven't fired yourself yet: the business slows down whenever you take a real vacation. That's not loyalty. That's a single point of failure with a title. Firing yourself from the job doesn't mean stepping back from the company. It means being honest about which parts of your job description now cost the company more than they're worth, then building the person or the process that replaces you there, on purpose, before growth forces the question. What job are you still doing today that you should have handed off 2 hires ago?
On LinkedIn →

September 12, 2026

You didn't design your culture. Your first 5 hires did, and your next 50 inherit it.

Here's the part founders miss. Culture isn't the values poster in the breakroom or the line in the deck about "radical transparency." Culture is whatever your earliest employees did when nobody was watching, repeated enough times that it became normal, then defended by everyone who joined after. If your first engineer cut corners under deadline pressure and got praised for shipping fast anyway, you didn't hire an engineer. You hired a precedent. Every hire after that first 5 isn't joining a blank company. They're joining a company that already has an answer, unwritten but fully in force, to questions like: do we tell the client the truth when the news is bad, or do we manage the message? Do we ship on time with known bugs, or slip the date? Does the person who complains the loudest get their way, or does the person with the best argument? Your first 5 hires answered all of that before you had a chance to write it down, and every new hire learns the real answer in their first two weeks, whatever the handbook says. This is why bringing in "senior talent to fix the culture" so often fails. A VP hired at employee 60 is outnumbered. They're one voice against 55 people who already know how things work here, and the unwritten rules win almost every time, no matter how good the new hire's resume looks or how much authority the org chart says they carry. If you're still early, the hiring question isn't "can they do the job." It's "what will everyone else learn is normal by watching this person do the job." That answer compounds for years. Who were your first 5 hires, and what did they teach everyone else was normal?Read more
Here's the part founders miss. Culture isn't the values poster in the breakroom or the line in the deck about "radical transparency." Culture is whatever your earliest employees did when nobody was watching, repeated enough times that it became normal, then defended by everyone who joined after. If your first engineer cut corners under deadline pressure and got praised for shipping fast anyway, you didn't hire an engineer. You hired a precedent. Every hire after that first 5 isn't joining a blank company. They're joining a company that already has an answer, unwritten but fully in force, to questions like: do we tell the client the truth when the news is bad, or do we manage the message? Do we ship on time with known bugs, or slip the date? Does the person who complains the loudest get their way, or does the person with the best argument? Your first 5 hires answered all of that before you had a chance to write it down, and every new hire learns the real answer in their first two weeks, whatever the handbook says. This is why bringing in "senior talent to fix the culture" so often fails. A VP hired at employee 60 is outnumbered. They're one voice against 55 people who already know how things work here, and the unwritten rules win almost every time, no matter how good the new hire's resume looks or how much authority the org chart says they carry. If you're still early, the hiring question isn't "can they do the job." It's "what will everyone else learn is normal by watching this person do the job." That answer compounds for years. Who were your first 5 hires, and what did they teach everyone else was normal?
On LinkedIn →

September 11, 2026

Most dashboards don't change anyone's mind. They only confirm what the room already decided.

Here's how it actually goes. Someone already has a preference. The idea launched last quarter, or the hire they want to make, or the feature they've been pitching for months. Then they ask for the numbers. Not to test the idea. To support it. Confirmation bias with a dashboard looks exactly like rigor from the outside. There's a chart. There's a source. There's a number in the deck. Nobody in the room can tell the difference between "we looked at the data and this is what it showed" and "we looked until we found the slice that showed what we wanted," because both produce the same slide. Picture a product team shipping a redesign. Early results are mixed: signup conversion dips slightly, but time-on-page goes up. The team that wanted the redesign leads with time-on-page. The skeptics would have led with conversion. Both numbers came off the same dashboard. The only thing that decided which one mattered was who wanted to be right before the numbers came in. The tell is which metric gets picked, and when. A team that's actually data-driven decides the metric before they see the result: we'll judge this by 30-day retention, full stop, decided last week. A team doing confirmation bias with a dashboard picks the metric after the result comes in, from a menu of five that were all sitting right there. Ask this in your next planning meeting: which metric would have to move, in which direction, for us to kill this idea? If nobody in the room can answer immediately, the data isn't driving anything. It's along for the ride, and it'll say whatever the ride needed it to say. Being data-driven was supposed to mean the data can tell you no. When was the last time yours did?Read more
Here's how it actually goes. Someone already has a preference. The idea launched last quarter, or the hire they want to make, or the feature they've been pitching for months. Then they ask for the numbers. Not to test the idea. To support it. Confirmation bias with a dashboard looks exactly like rigor from the outside. There's a chart. There's a source. There's a number in the deck. Nobody in the room can tell the difference between "we looked at the data and this is what it showed" and "we looked until we found the slice that showed what we wanted," because both produce the same slide. Picture a product team shipping a redesign. Early results are mixed: signup conversion dips slightly, but time-on-page goes up. The team that wanted the redesign leads with time-on-page. The skeptics would have led with conversion. Both numbers came off the same dashboard. The only thing that decided which one mattered was who wanted to be right before the numbers came in. The tell is which metric gets picked, and when. A team that's actually data-driven decides the metric before they see the result: we'll judge this by 30-day retention, full stop, decided last week. A team doing confirmation bias with a dashboard picks the metric after the result comes in, from a menu of five that were all sitting right there. Ask this in your next planning meeting: which metric would have to move, in which direction, for us to kill this idea? If nobody in the room can answer immediately, the data isn't driving anything. It's along for the ride, and it'll say whatever the ride needed it to say. Being data-driven was supposed to mean the data can tell you no. When was the last time yours did?
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September 10, 2026

200 hours a year. That's what an 8-person team burns on a weekly status meeting that always ends the same way: "let's take this offline."

Most recurring meetings aren't for deciding anything. They're for narrating what already happened, to people who could have read it in three sentences. Everyone stays because leaving early looks like you don't care, and the person running it keeps running it because a full calendar feels like proof of importance. Here's the actual test, and it takes ten seconds. Before you send the invite, write down the sentence you want to be true by the end of the meeting. Not the topic. The decision. "We agreed to cut the underperforming SKU" is a sentence. "Discuss Q3 performance" is not. If you can't write that sentence, you don't have a meeting. You have an update, and updates belong in a document, not on ten calendars at once. Run the math. A 30-minute weekly meeting with 8 people costs 4 hours of collective time every week, for a document that would take 5 minutes to read. That's the 200 hours a year, spent on information nobody needed to discuss out loud. The tell that a meeting was actually a decision in disguise: someone says "let's take this offline" thirty minutes in. That phrase means the real conversation, the one with the actual decision, is about to happen anyway, later, with fewer people, off the record entirely. That meeting hasn't been about information in months. It's been about avoiding the sentence that would end it. Run this audit on your calendar this week. For every recurring meeting, write the one sentence it's supposed to produce. If you land on "keep everyone updated," cancel it and send an email instead. What's the recurring meeting on your calendar that hasn't produced a real decision in months?Read more
Most recurring meetings aren't for deciding anything. They're for narrating what already happened, to people who could have read it in three sentences. Everyone stays because leaving early looks like you don't care, and the person running it keeps running it because a full calendar feels like proof of importance. Here's the actual test, and it takes ten seconds. Before you send the invite, write down the sentence you want to be true by the end of the meeting. Not the topic. The decision. "We agreed to cut the underperforming SKU" is a sentence. "Discuss Q3 performance" is not. If you can't write that sentence, you don't have a meeting. You have an update, and updates belong in a document, not on ten calendars at once. Run the math. A 30-minute weekly meeting with 8 people costs 4 hours of collective time every week, for a document that would take 5 minutes to read. That's the 200 hours a year, spent on information nobody needed to discuss out loud. The tell that a meeting was actually a decision in disguise: someone says "let's take this offline" thirty minutes in. That phrase means the real conversation, the one with the actual decision, is about to happen anyway, later, with fewer people, off the record entirely. That meeting hasn't been about information in months. It's been about avoiding the sentence that would end it. Run this audit on your calendar this week. For every recurring meeting, write the one sentence it's supposed to produce. If you land on "keep everyone updated," cancel it and send an email instead. What's the recurring meeting on your calendar that hasn't produced a real decision in months?
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September 9, 2026

2x. That's the liquidation preference multiple that can turn your 80% ownership into a minority of the exit.

Here's how it works. A term sheet sets your valuation on page one. Everyone stares at that number. Nobody reads page four, where the liquidation preference sits, and that's the clause that decides who gets paid first when the company sells. A standard 1x non-participating preference means investors get their money back before anyone else, then common shareholders split what's left. That's the version most founders assume they signed. Participating preferred is different. Investors get their money back first, at the stated multiple, and then still take their pro rata share of whatever's left over, right alongside common stock, as if they never took a preference at all. Some term sheets cap the participation, say at 3x total return, which limits how far this can go. Plenty don't cap it at all, and that detail is usually one sentence, buried in a clause most people skim on the way to the signature line. Run the math. A $2M raise at a $10M post-money valuation, with a 2x participating preference and no cap. Sell the company for $12M and investors take $4M off the top before any split, then take their pro rata share of the remaining $8M too. On paper, the founders own 80% of the company. In practice, they collect $6.4M of a $12M sale, and investors collect $5.6M, off a $2M check. The clause is legal, common, and fully negotiable at the term sheet stage, right up until the moment you sign it. After that, it's not bad luck when it surfaces at closing. It's a term you agreed to and never priced in. If you're raising, or you already did: do you know whether your liquidation preference participates, and at what multiple?Read more
Here's how it works. A term sheet sets your valuation on page one. Everyone stares at that number. Nobody reads page four, where the liquidation preference sits, and that's the clause that decides who gets paid first when the company sells. A standard 1x non-participating preference means investors get their money back before anyone else, then common shareholders split what's left. That's the version most founders assume they signed. Participating preferred is different. Investors get their money back first, at the stated multiple, and then still take their pro rata share of whatever's left over, right alongside common stock, as if they never took a preference at all. Some term sheets cap the participation, say at 3x total return, which limits how far this can go. Plenty don't cap it at all, and that detail is usually one sentence, buried in a clause most people skim on the way to the signature line. Run the math. A $2M raise at a $10M post-money valuation, with a 2x participating preference and no cap. Sell the company for $12M and investors take $4M off the top before any split, then take their pro rata share of the remaining $8M too. On paper, the founders own 80% of the company. In practice, they collect $6.4M of a $12M sale, and investors collect $5.6M, off a $2M check. The clause is legal, common, and fully negotiable at the term sheet stage, right up until the moment you sign it. After that, it's not bad luck when it surfaces at closing. It's a term you agreed to and never priced in. If you're raising, or you already did: do you know whether your liquidation preference participates, and at what multiple?
On LinkedIn →

September 8, 2026

AI made your best engineer better. It made your worst engineer more dangerous. Same tool.

Last week I wrote about the 1968 study behind the "10x engineer" myth: a dozen programmers, one artificial task, a finding that never should have become a hiring framework. This is the sequel nobody asked for, and the data is a lot more current. METR, an AI evaluation research group, ran the study in 2025: experienced open-source developers using today's AI coding tools on real tasks, in codebases they already knew well. The expectation was a clear speed boost. The actual result: they were about 19% slower. Not because the AI wrote bad code every time, but because the time saved typing got eaten by reviewing, correcting, and re-prompting output that looked right and wasn't. That's the part the "AI makes everyone 10x" narrative skips. AI doesn't replace judgment. It multiplies whatever judgment you already have. A strong engineer uses it to blow through the mechanical parts of the job and spends the time they saved on the parts that actually require skill: catching the subtle bug, deciding the architecture is wrong before it ships, knowing when the AI's confident answer is confidently incorrect. A weaker engineer uses the same tool to ship more code, faster, with less scrutiny, because they don't have the judgment to know what to distrust. The gap between your best and worst engineer isn't shrinking because everyone has access to the same model. It's widening, because the tool amplifies the thing that was always the actual differentiator, and typing speed was never it. If your hiring bar hasn't changed since AI tools showed up, you're measuring the wrong thing twice as fast. Has AI made your best hire look better, or your worst hire look busier?Read more
Last week I wrote about the 1968 study behind the "10x engineer" myth: a dozen programmers, one artificial task, a finding that never should have become a hiring framework. This is the sequel nobody asked for, and the data is a lot more current. METR, an AI evaluation research group, ran the study in 2025: experienced open-source developers using today's AI coding tools on real tasks, in codebases they already knew well. The expectation was a clear speed boost. The actual result: they were about 19% slower. Not because the AI wrote bad code every time, but because the time saved typing got eaten by reviewing, correcting, and re-prompting output that looked right and wasn't. That's the part the "AI makes everyone 10x" narrative skips. AI doesn't replace judgment. It multiplies whatever judgment you already have. A strong engineer uses it to blow through the mechanical parts of the job and spends the time they saved on the parts that actually require skill: catching the subtle bug, deciding the architecture is wrong before it ships, knowing when the AI's confident answer is confidently incorrect. A weaker engineer uses the same tool to ship more code, faster, with less scrutiny, because they don't have the judgment to know what to distrust. The gap between your best and worst engineer isn't shrinking because everyone has access to the same model. It's widening, because the tool amplifies the thing that was always the actual differentiator, and typing speed was never it. If your hiring bar hasn't changed since AI tools showed up, you're measuring the wrong thing twice as fast. Has AI made your best hire look better, or your worst hire look busier?
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September 7, 2026

Most founders don't pivot because the market told them to. They pivot because they can't say the first idea is dead.

Call it a pivot and it sounds like strategy. Call it what it is and it's grief, dressed up in a deck. Here's the pattern. A founder spends 18 months on an idea. Customers don't show up the way the plan said. Instead of sitting with that, the team calls a meeting, draws a new box on a whiteboard, and announces a "strategic pivot." New landing page. New pitch. Same 3 people who couldn't admit the first version wasn't working, now not admitting the second one might not either. A real pivot starts with a specific, falsifiable reason the old thing failed. Not "the market wasn't ready." A real answer sounds like: "we built for a buyer who doesn't have budget authority" or "the switching cost was 10x what we assumed." Specific. Testable. Uncomfortable to say out loud. Grief dressed as pivot skips that step. It jumps straight to the new idea, because sitting in the specific reason means admitting the last 18 months were a bet that didn't pay off, and that's a harder sentence than "we're pivoting." The tell is speed. Teams that did the postmortem take a beat before the new direction, busy being precise about what killed the old one. Teams still grieving move fast, because motion feels like progress. Loss is real. Deals fall through, timing is genuinely bad sometimes. But calling grief a "strategic pivot" skips the diagnosis, and whatever you build next inherits the same blind spot that killed the last one. Before your next pivot meeting, ask the room one question: what specifically did we get wrong, in one sentence? If nobody can answer it, you're not pivoting. You're grieving out loud and calling it a strategy update.Read more
Call it a pivot and it sounds like strategy. Call it what it is and it's grief, dressed up in a deck. Here's the pattern. A founder spends 18 months on an idea. Customers don't show up the way the plan said. Instead of sitting with that, the team calls a meeting, draws a new box on a whiteboard, and announces a "strategic pivot." New landing page. New pitch. Same 3 people who couldn't admit the first version wasn't working, now not admitting the second one might not either. A real pivot starts with a specific, falsifiable reason the old thing failed. Not "the market wasn't ready." A real answer sounds like: "we built for a buyer who doesn't have budget authority" or "the switching cost was 10x what we assumed." Specific. Testable. Uncomfortable to say out loud. Grief dressed as pivot skips that step. It jumps straight to the new idea, because sitting in the specific reason means admitting the last 18 months were a bet that didn't pay off, and that's a harder sentence than "we're pivoting." The tell is speed. Teams that did the postmortem take a beat before the new direction, busy being precise about what killed the old one. Teams still grieving move fast, because motion feels like progress. Loss is real. Deals fall through, timing is genuinely bad sometimes. But calling grief a "strategic pivot" skips the diagnosis, and whatever you build next inherits the same blind spot that killed the last one. Before your next pivot meeting, ask the room one question: what specifically did we get wrong, in one sentence? If nobody can answer it, you're not pivoting. You're grieving out loud and calling it a strategy update.
On LinkedIn →

September 6, 2026

The best salespeople close fewer deals than average, and outsell everyone.

Here's why. They're not better closers. They're faster at losing. Most reps treat every lead like it might be the one. They chase, they follow up, they build 15-slide decks for prospects who were never going to buy. It feels like effort. It's actually avoidance. Closing takes courage. Chasing feels safer. The best ones do the opposite. In the first call, they're hunting for the reason to walk away. Budget that doesn't exist yet. A decision-maker who isn't in the room. A timeline that's fake urgency. The moment they find the reason, they say so, out loud, and move on. This looks like giving up early. It's not. It's refusing to spend 6 weeks finding out what a good question would've told them in 6 minutes. Two reps working the same list, same quarter. Rep A works every lead equally, stays positive, never wants to "give up" on anyone. Rep B disqualifies two-thirds of the list in the first call and spends the rest of the month deep in the third that remains. Rep A logs more calls, more decks, more hours. Rep B closes more deals, period, because Rep B is managing their own time like it's the scarce resource. It is. Here's the part that stings: disqualifying fast isn't a sales skill. It's a self-worth skill. Reps who can't do it aren't bad at selling. They're afraid that if they ask the hard question early and the answer is no, they'll have "wasted" the lead. So they wait. They hope the prospect changes. They mistake hope for strategy. Your best salespeople aren't the ones who never hear no. They're the ones who go looking for it, on purpose, so they can spend their real energy where it counts. Stop training your team to close harder. Start training them to disqualify faster.Read more
Here's why. They're not better closers. They're faster at losing. Most reps treat every lead like it might be the one. They chase, they follow up, they build 15-slide decks for prospects who were never going to buy. It feels like effort. It's actually avoidance. Closing takes courage. Chasing feels safer. The best ones do the opposite. In the first call, they're hunting for the reason to walk away. Budget that doesn't exist yet. A decision-maker who isn't in the room. A timeline that's fake urgency. The moment they find the reason, they say so, out loud, and move on. This looks like giving up early. It's not. It's refusing to spend 6 weeks finding out what a good question would've told them in 6 minutes. Two reps working the same list, same quarter. Rep A works every lead equally, stays positive, never wants to "give up" on anyone. Rep B disqualifies two-thirds of the list in the first call and spends the rest of the month deep in the third that remains. Rep A logs more calls, more decks, more hours. Rep B closes more deals, period, because Rep B is managing their own time like it's the scarce resource. It is. Here's the part that stings: disqualifying fast isn't a sales skill. It's a self-worth skill. Reps who can't do it aren't bad at selling. They're afraid that if they ask the hard question early and the answer is no, they'll have "wasted" the lead. So they wait. They hope the prospect changes. They mistake hope for strategy. Your best salespeople aren't the ones who never hear no. They're the ones who go looking for it, on purpose, so they can spend their real energy where it counts. Stop training your team to close harder. Start training them to disqualify faster.
On LinkedIn →

September 5, 2026

Show me your pricing page and I'll tell you what you're afraid of.

Not what you sell. Not who you serve. What keeps you up at night. There's a pattern in pricing pages that never fails. The page isn't a sales tool. It's a confession. 3 tiers when you only have 1 real offer? You're hedging with an anchor you don't believe in, afraid of leaving money on the table. "Contact us for pricing"? You're afraid the number scares people off before you get a chance to sell the value. So you hide it and hope the conversation saves you. A "Most Popular" badge on the middle tier? You're afraid your own sales team can't sell without a nudge. The badge does the persuading you should be doing yourself. Endless feature comparison tables? You're afraid your value isn't obvious, so you bury the buyer in checkmarks hoping something lands. Here's the thing: pricing pages don't create confusion. They reveal it. If your team can't agree internally on what you're worth, no page design fixes that. You just build a more elaborate way to hide the disagreement. Picture a founder who redesigns her pricing page every quarter. New layout, new copy, new badges. Conversion barely moves. The real issue isn't the page. Sales, marketing, and the founder herself have 3 different answers to "why does this cost what it costs." The page is just where that disagreement shows up publicly. The fix isn't a redesign. It's alignment. Once the team agrees internally, the page gets simpler. One tier. One number. Conversion goes up. Your pricing page isn't broken because of the wrong template. It's telling on you. Before you touch the design again, ask your team a harder question: do we agree on why we're worth this? If the answer's no, no button color test saves you. What's your pricing page confessing?Read more
Not what you sell. Not who you serve. What keeps you up at night. There's a pattern in pricing pages that never fails. The page isn't a sales tool. It's a confession. 3 tiers when you only have 1 real offer? You're hedging with an anchor you don't believe in, afraid of leaving money on the table. "Contact us for pricing"? You're afraid the number scares people off before you get a chance to sell the value. So you hide it and hope the conversation saves you. A "Most Popular" badge on the middle tier? You're afraid your own sales team can't sell without a nudge. The badge does the persuading you should be doing yourself. Endless feature comparison tables? You're afraid your value isn't obvious, so you bury the buyer in checkmarks hoping something lands. Here's the thing: pricing pages don't create confusion. They reveal it. If your team can't agree internally on what you're worth, no page design fixes that. You just build a more elaborate way to hide the disagreement. Picture a founder who redesigns her pricing page every quarter. New layout, new copy, new badges. Conversion barely moves. The real issue isn't the page. Sales, marketing, and the founder herself have 3 different answers to "why does this cost what it costs." The page is just where that disagreement shows up publicly. The fix isn't a redesign. It's alignment. Once the team agrees internally, the page gets simpler. One tier. One number. Conversion goes up. Your pricing page isn't broken because of the wrong template. It's telling on you. Before you touch the design again, ask your team a harder question: do we agree on why we're worth this? If the answer's no, no button color test saves you. What's your pricing page confessing?
On LinkedIn →

September 4, 2026

Americans lose negotiations in the silence they refuse to sit in. Swedes just wait.

Cross-cultural communication research going back to Edward Hall's work on high-context and low-context cultures explains why. In low-context, fast-talking cultures like the U.S., silence reads as awkward, weak, or even hostile. Someone rushes to fill it, and that someone usually ends up negotiating against themselves. Offer a number, get silence back, and the American instinct is to sweeten the offer before the other side has said a word. In Sweden and much of Scandinavia, silence carries no such threat. It's just thinking, out loud, without the talking part. I've sat in meetings where an American executive proposed terms, the Swedish counterpart went quiet to actually consider them, and the American filled that gap with a second, better offer nobody asked for. The silence wasn't a rejection. It was consideration. It got read as discomfort because discomfort is what silence signals in a culture that treats every pause as a problem to solve. This shows up everywhere past the negotiating table. The person in a meeting who can't let a question sit before answering it. The founder who over-explains a decision because the room didn't immediately nod. The salesperson who talks past the moment the prospect was about to say yes. Silence isn't empty. It's where the other side's actual thinking happens, and interrupting it is how you talk yourself out of the outcome you wanted. Where has your discomfort with silence cost you a better deal than the one you settled for?Read more
Cross-cultural communication research going back to Edward Hall's work on high-context and low-context cultures explains why. In low-context, fast-talking cultures like the U.S., silence reads as awkward, weak, or even hostile. Someone rushes to fill it, and that someone usually ends up negotiating against themselves. Offer a number, get silence back, and the American instinct is to sweeten the offer before the other side has said a word. In Sweden and much of Scandinavia, silence carries no such threat. It's just thinking, out loud, without the talking part. I've sat in meetings where an American executive proposed terms, the Swedish counterpart went quiet to actually consider them, and the American filled that gap with a second, better offer nobody asked for. The silence wasn't a rejection. It was consideration. It got read as discomfort because discomfort is what silence signals in a culture that treats every pause as a problem to solve. This shows up everywhere past the negotiating table. The person in a meeting who can't let a question sit before answering it. The founder who over-explains a decision because the room didn't immediately nod. The salesperson who talks past the moment the prospect was about to say yes. Silence isn't empty. It's where the other side's actual thinking happens, and interrupting it is how you talk yourself out of the outcome you wanted. Where has your discomfort with silence cost you a better deal than the one you settled for?
On LinkedIn →

September 3, 2026

The "10x engineer" myth comes from a study with about a dozen programmers in it. You're still paying triple for it.

The number comes from a 1968 study by Sackman, Erikson, and Grant, published in Communications of the ACM. It found huge variance in individual programmer performance on a single task, and that finding got compressed over decades into "some engineers are worth 10x others, so go find them." What gets dropped every time it's retold: a tiny sample, one artificial task, and a result that was never meant to be a hiring framework. It became one anyway, because "find the unicorn" is a more exciting strategy than "build a system that works without one." Here's the research that should have replaced it. The DORA studies behind the book Accelerate, led by Nicole Forsgren, Jez Humble, and Gene Kim, looked at thousands of real engineering teams over years, not a dozen people in a lab. Their finding: elite performance correlates with team practices, not individual brilliance. Deployment frequency, fast feedback loops, and how a team recovers from failure predict output far better than who's on the roster. Chasing the 10x engineer is what founders do instead of fixing onboarding, instead of writing documentation, instead of building a review process that doesn't depend on one person's memory. It feels like a talent problem. It's usually a systems problem wearing a talent costume. The founders I've watched build durable engineering teams weren't the ones who found unicorns. They were the ones who made average engineers dangerous by giving them a system worth being inside of. Are you hiring for a hero because you haven't built the system that would make one unnecessary?Read more
The number comes from a 1968 study by Sackman, Erikson, and Grant, published in Communications of the ACM. It found huge variance in individual programmer performance on a single task, and that finding got compressed over decades into "some engineers are worth 10x others, so go find them." What gets dropped every time it's retold: a tiny sample, one artificial task, and a result that was never meant to be a hiring framework. It became one anyway, because "find the unicorn" is a more exciting strategy than "build a system that works without one." Here's the research that should have replaced it. The DORA studies behind the book Accelerate, led by Nicole Forsgren, Jez Humble, and Gene Kim, looked at thousands of real engineering teams over years, not a dozen people in a lab. Their finding: elite performance correlates with team practices, not individual brilliance. Deployment frequency, fast feedback loops, and how a team recovers from failure predict output far better than who's on the roster. Chasing the 10x engineer is what founders do instead of fixing onboarding, instead of writing documentation, instead of building a review process that doesn't depend on one person's memory. It feels like a talent problem. It's usually a systems problem wearing a talent costume. The founders I've watched build durable engineering teams weren't the ones who found unicorns. They were the ones who made average engineers dangerous by giving them a system worth being inside of. Are you hiring for a hero because you haven't built the system that would make one unnecessary?
On LinkedIn →

September 2, 2026

Most non-competes are legally worthless. Yours is still working.

Researchers Evan Starr, J.J. Prescott, and Norman Bishara studied this directly. Their finding, published in the Journal of Law and Economics: a large share of the U.S. workforce believes they're bound by an enforceable non-compete, including workers in states like California where non-competes are banned outright. The clause doesn't need to hold up in court. It just needs you to believe it will. That's the actual function of most non-competes. Not litigation. Deterrence. A company doesn't need to win a lawsuit against a departing employee. It needs that employee to never apply anywhere else, because the contract sitting in a drawer feels like a wall. I've talked to founders who wrote non-competes into offer letters they knew were too broad to enforce, because the goal was never a courtroom. The goal was a chilling effect, and it worked exactly as designed. Nobody tests a wall they assume is real. Here's what actually determines enforceability, and it varies enough by state that a blanket assumption is a mistake in either direction: the scope has to be reasonable in time and geography, it has to protect a legitimate business interest, and increasingly, some states won't enforce it against employees below a certain income at all. A non-compete written for a senior executive and handed to an entry-level hire is exactly the kind of overreach courts throw out. If your career decisions are being shaped by a clause you've never had reviewed, that's not caution. That's letting a company's lawyer make your decisions for you, for free. Have you ever turned down an opportunity because of a non-compete you never actually had checked?Read more
Researchers Evan Starr, J.J. Prescott, and Norman Bishara studied this directly. Their finding, published in the Journal of Law and Economics: a large share of the U.S. workforce believes they're bound by an enforceable non-compete, including workers in states like California where non-competes are banned outright. The clause doesn't need to hold up in court. It just needs you to believe it will. That's the actual function of most non-competes. Not litigation. Deterrence. A company doesn't need to win a lawsuit against a departing employee. It needs that employee to never apply anywhere else, because the contract sitting in a drawer feels like a wall. I've talked to founders who wrote non-competes into offer letters they knew were too broad to enforce, because the goal was never a courtroom. The goal was a chilling effect, and it worked exactly as designed. Nobody tests a wall they assume is real. Here's what actually determines enforceability, and it varies enough by state that a blanket assumption is a mistake in either direction: the scope has to be reasonable in time and geography, it has to protect a legitimate business interest, and increasingly, some states won't enforce it against employees below a certain income at all. A non-compete written for a senior executive and handed to an entry-level hire is exactly the kind of overreach courts throw out. If your career decisions are being shaped by a clause you've never had reviewed, that's not caution. That's letting a company's lawyer make your decisions for you, for free. Have you ever turned down an opportunity because of a non-compete you never actually had checked?
On LinkedIn →

September 1, 2026

Your best employee doesn't trust your compliments anymore. You trained them not to.

The feedback sandwich did that. Open genuine, deliver the hard part, close with encouragement so nobody leaves the room deflated. It sounds humane. It's actually working against you. Psychologist Bennet Murdock's 1962 research explains why: the serial position effect. People recall the first and last items in a sequence far better than whatever sits in the middle. Praise-criticism-praise puts your actual feedback exactly where memory is weakest. Your employee walks out remembering that you opened warm and closed warm. The specific thing you needed them to fix gets buried in the middle, which is another way of saying forgotten. There's a second cost, worse than forgetting. Once someone has sat through a few of these, they stop trusting the opening. They hear "great work on that account" and immediately start scanning for the "but." The praise stops registering as praise. It becomes a warning label. You've spent years training your best people to distrust the good news, the opposite of what a compliment is for. The fix isn't harsher feedback. It's structural. Say the specific, actionable thing first, while memory favors it most. Then say what's genuinely working, separately, not bolted on as a cushion. Two clear messages beat one blurred one every time. I've watched founders avoid direct feedback for months because they'd absorbed the sandwich as "the nice way to do it." It isn't nice. It's a structure optimized for the giver's comfort, not the receiver's memory. What's the last piece of feedback you gave that you're still not sure actually landed?Read more
The feedback sandwich did that. Open genuine, deliver the hard part, close with encouragement so nobody leaves the room deflated. It sounds humane. It's actually working against you. Psychologist Bennet Murdock's 1962 research explains why: the serial position effect. People recall the first and last items in a sequence far better than whatever sits in the middle. Praise-criticism-praise puts your actual feedback exactly where memory is weakest. Your employee walks out remembering that you opened warm and closed warm. The specific thing you needed them to fix gets buried in the middle, which is another way of saying forgotten. There's a second cost, worse than forgetting. Once someone has sat through a few of these, they stop trusting the opening. They hear "great work on that account" and immediately start scanning for the "but." The praise stops registering as praise. It becomes a warning label. You've spent years training your best people to distrust the good news, the opposite of what a compliment is for. The fix isn't harsher feedback. It's structural. Say the specific, actionable thing first, while memory favors it most. Then say what's genuinely working, separately, not bolted on as a cushion. Two clear messages beat one blurred one every time. I've watched founders avoid direct feedback for months because they'd absorbed the sandwich as "the nice way to do it." It isn't nice. It's a structure optimized for the giver's comfort, not the receiver's memory. What's the last piece of feedback you gave that you're still not sure actually landed?
On LinkedIn →

August 31, 2026

Your best customers were never going to refer you. Not because they're unhappy. Because nobody ever asked.

That's not a mindset problem on their end. It's a system you never built on yours. In 2003, Fred Reichheld published research in Harvard Business Review that changed how companies measure loyalty. His finding: customer satisfaction scores were a weak predictor of actual growth. The much stronger predictor was a single, different question: how likely are you to recommend us to a friend? Satisfaction and referral, it turned out, are not the same behavior. A customer can be genuinely happy and still never once think to bring your name up. That's the part most founders miss. They treat referrals like a natural byproduct of a good experience, something that should just happen if the product is good enough. It doesn't. Referring takes a specific trigger: a moment where your business comes to mind, a reason to mention it, and a low-friction way to actually do it. Remove any one of those 3 and the referral never happens, no matter how satisfied the customer is. I've seen this play out with businesses that had genuinely loyal customers and zero referral engine. The customers weren't being asked, weren't reminded, and had no easy path to send someone your way even if they wanted to. Satisfaction just sat there, unused. The fix isn't working harder to make customers happier. Most of your happy customers are already happy enough. The fix is building the actual ask into a specific moment, right after a win, with a specific, easy action attached. When was the last time you directly asked a happy customer for a referral, instead of hoping they'd get around to it?Read more
That's not a mindset problem on their end. It's a system you never built on yours. In 2003, Fred Reichheld published research in Harvard Business Review that changed how companies measure loyalty. His finding: customer satisfaction scores were a weak predictor of actual growth. The much stronger predictor was a single, different question: how likely are you to recommend us to a friend? Satisfaction and referral, it turned out, are not the same behavior. A customer can be genuinely happy and still never once think to bring your name up. That's the part most founders miss. They treat referrals like a natural byproduct of a good experience, something that should just happen if the product is good enough. It doesn't. Referring takes a specific trigger: a moment where your business comes to mind, a reason to mention it, and a low-friction way to actually do it. Remove any one of those 3 and the referral never happens, no matter how satisfied the customer is. I've seen this play out with businesses that had genuinely loyal customers and zero referral engine. The customers weren't being asked, weren't reminded, and had no easy path to send someone your way even if they wanted to. Satisfaction just sat there, unused. The fix isn't working harder to make customers happier. Most of your happy customers are already happy enough. The fix is building the actual ask into a specific moment, right after a win, with a specific, easy action attached. When was the last time you directly asked a happy customer for a referral, instead of hoping they'd get around to it?
On LinkedIn →

August 31, 2026

48% better with AI. 17% worse without it.

That's not progress. That's a dependency. The OECD Digital Education Outlook 2026 tracked students using general AI chatbots. Task completion went up 48%. But remove the AI — say, during a traditional exam — and performance dropped 17%. They named it the "crutch effect." Here's the finding most people glossed over: purpose-built AI tools designed with pedagogical intent did not produce this reversal. No performance drop. No crutch. The difference is not AI versus no AI. The difference is how the tool was designed. General chatbots answer for you. Purpose-built tools make you think harder. One augments your intelligence. The other substitutes for it. This extends well beyond classrooms. Every time you hand a cognitive task to a tool, the question worth asking is: am I getting faster, or am I getting weaker? The answer depends entirely on whether the tool was built to develop you or to do it for you. The best operators I know use AI to sharpen their thinking, not replace it. That distinction sounds subtle. In practice, it determines whether you're building a skill or building a liability. Which AI tools make you better when they're gone?Read more
That's not progress. That's a dependency. The OECD Digital Education Outlook 2026 tracked students using general AI chatbots. Task completion went up 48%. But remove the AI — say, during a traditional exam — and performance dropped 17%. They named it the "crutch effect." Here's the finding most people glossed over: purpose-built AI tools designed with pedagogical intent did not produce this reversal. No performance drop. No crutch. The difference is not AI versus no AI. The difference is how the tool was designed. General chatbots answer for you. Purpose-built tools make you think harder. One augments your intelligence. The other substitutes for it. This extends well beyond classrooms. Every time you hand a cognitive task to a tool, the question worth asking is: am I getting faster, or am I getting weaker? The answer depends entirely on whether the tool was built to develop you or to do it for you. The best operators I know use AI to sharpen their thinking, not replace it. That distinction sounds subtle. In practice, it determines whether you're building a skill or building a liability. Which AI tools make you better when they're gone?
On LinkedIn →

August 30, 2026

Your least profitable 20% of customers aren't breaking even. They're erasing 50 to 200% of your total profit.

Harvard Business School researchers Robert Kaplan and V.G. Narayanan mapped this in 2001 and called it the whale curve. Rank every customer by profitability and plot cumulative profit as you add them in. The top 20% typically generate 150 to 300% of total profit. The middle 60% roughly break even. The bottom 10 to 20% don't just contribute nothing. They actively destroy profit the top group worked to create. That bottom segment usually isn't a mystery. You already know who they are: the account that negotiated a discount 3 years ago and never let it go, the client who calls support every week for something that isn't broken, the customer whose custom requests keep pulling your best engineer off the roadmap. Founders keep them anyway. Losing a logo feels like losing momentum. Losing revenue feels like admitting a mistake. So the unprofitable account stays on the books, quietly funded by everyone else's margin. Multiply that across a portfolio of 50 or 100 similar accounts, and the math stops being a rounding error. I've watched companies protect these accounts for years past the point of profitability, telling themselves a story about relationships or reputation. Meanwhile, the team serving that account burns hours every week they could spend on the customers who are actually growing and actually paying full price. Firing a customer isn't failure. It's math. If an account has been in your bottom 10% for more than a year, that's not a phase. That's who they are. What's the account you already know you should have let go?Read more
Harvard Business School researchers Robert Kaplan and V.G. Narayanan mapped this in 2001 and called it the whale curve. Rank every customer by profitability and plot cumulative profit as you add them in. The top 20% typically generate 150 to 300% of total profit. The middle 60% roughly break even. The bottom 10 to 20% don't just contribute nothing. They actively destroy profit the top group worked to create. That bottom segment usually isn't a mystery. You already know who they are: the account that negotiated a discount 3 years ago and never let it go, the client who calls support every week for something that isn't broken, the customer whose custom requests keep pulling your best engineer off the roadmap. Founders keep them anyway. Losing a logo feels like losing momentum. Losing revenue feels like admitting a mistake. So the unprofitable account stays on the books, quietly funded by everyone else's margin. Multiply that across a portfolio of 50 or 100 similar accounts, and the math stops being a rounding error. I've watched companies protect these accounts for years past the point of profitability, telling themselves a story about relationships or reputation. Meanwhile, the team serving that account burns hours every week they could spend on the customers who are actually growing and actually paying full price. Firing a customer isn't failure. It's math. If an account has been in your bottom 10% for more than a year, that's not a phase. That's who they are. What's the account you already know you should have let go?
On LinkedIn →

August 29, 2026

Hiring for potential is how you build a team of almosts.

In 1969, Laurence Peter and Raymond Hull named this pattern the Peter Principle: in a hierarchy, people get promoted based on how well they did their last job, not how well they'll do the next one, until they land in a role they can't actually do. A 2018 study by economists Alan Benson, Danielle Li, and Kelly Shue tested this on real sales data from 214 companies and found exactly that: the best salespeople were the most likely to get promoted into management, and the ones who became the worst managers. It shows up outside sales too. A brilliant engineer becomes a mediocre engineering manager. A star recruiter becomes a talent leader nobody wants to work for. The skill that earned the promotion isn't the skill the new role actually needs. "Potential" sounds like a safer bet than it is. It's unfalsifiable until the person is already 6 months into the role and you're watching them struggle in real time. A proven track record, on the other hand, is just evidence. It already happened. You can check it. I've watched hiring committees fall for the same story for decades: someone interviews well, talks about where they could grow, paints a picture of who they'll become. 6 months later, the company has paid full salary for a person still becoming someone, instead of hiring someone who already was. None of this means never take a bet on someone unproven. It means know when you're doing it. If you're hiring for potential, say so out loud, budget for the ramp time it requires, and don't confuse it with a sure thing. What's the last hire your company made on "potential" that never quite arrived?Read more
In 1969, Laurence Peter and Raymond Hull named this pattern the Peter Principle: in a hierarchy, people get promoted based on how well they did their last job, not how well they'll do the next one, until they land in a role they can't actually do. A 2018 study by economists Alan Benson, Danielle Li, and Kelly Shue tested this on real sales data from 214 companies and found exactly that: the best salespeople were the most likely to get promoted into management, and the ones who became the worst managers. It shows up outside sales too. A brilliant engineer becomes a mediocre engineering manager. A star recruiter becomes a talent leader nobody wants to work for. The skill that earned the promotion isn't the skill the new role actually needs. "Potential" sounds like a safer bet than it is. It's unfalsifiable until the person is already 6 months into the role and you're watching them struggle in real time. A proven track record, on the other hand, is just evidence. It already happened. You can check it. I've watched hiring committees fall for the same story for decades: someone interviews well, talks about where they could grow, paints a picture of who they'll become. 6 months later, the company has paid full salary for a person still becoming someone, instead of hiring someone who already was. None of this means never take a bet on someone unproven. It means know when you're doing it. If you're hiring for potential, say so out loud, budget for the ramp time it requires, and don't confuse it with a sure thing. What's the last hire your company made on "potential" that never quite arrived?
On LinkedIn →

August 28, 2026

Your 40-slide board deck is hiding the fact that nobody's made a decision.

In 2004, Jeff Bezos banned PowerPoint from Amazon's executive meetings entirely. He replaced 40-slide decks with a single 6-page memo, written in full sentences, that everyone reads silently for the first 20 to 30 minutes of the meeting before anyone speaks. His reasoning, in his own words: a slide deck lets you gloss over weak logic. A sentence doesn't. "The narrative structure of a good memo forces better thought and better understanding of what's more important than what, and how things are related." Bullet points hide the gaps. Paragraphs expose them. Most board decks aren't built to inform a decision. They're built to survive one. 40 slides of charts and logos gives everyone in the room something to nod at without anyone having to commit to a position, including the person presenting. I've sat through decks like that for decades, in boardrooms and classrooms both. The pattern repeats: the room nods along, the deck gets filed, and six months later nobody can say what was actually decided in that meeting. You don't need Amazon's exact format to steal the principle. Before your next board meeting, try writing the single page that states the decision you're asking for, the 2 best arguments against it, and why you're making it anyway. If you can't write that page, the deck won't save you. It'll just hide the fact that you don't have an answer yet. How many slides in your last board deck could you cut without losing a single real decision?Read more
In 2004, Jeff Bezos banned PowerPoint from Amazon's executive meetings entirely. He replaced 40-slide decks with a single 6-page memo, written in full sentences, that everyone reads silently for the first 20 to 30 minutes of the meeting before anyone speaks. His reasoning, in his own words: a slide deck lets you gloss over weak logic. A sentence doesn't. "The narrative structure of a good memo forces better thought and better understanding of what's more important than what, and how things are related." Bullet points hide the gaps. Paragraphs expose them. Most board decks aren't built to inform a decision. They're built to survive one. 40 slides of charts and logos gives everyone in the room something to nod at without anyone having to commit to a position, including the person presenting. I've sat through decks like that for decades, in boardrooms and classrooms both. The pattern repeats: the room nods along, the deck gets filed, and six months later nobody can say what was actually decided in that meeting. You don't need Amazon's exact format to steal the principle. Before your next board meeting, try writing the single page that states the decision you're asking for, the 2 best arguments against it, and why you're making it anyway. If you can't write that page, the deck won't save you. It'll just hide the fact that you don't have an answer yet. How many slides in your last board deck could you cut without losing a single real decision?
On LinkedIn →

August 27, 2026

American managers fight for credit in the meeting. Swedish managers try to give it away, even when they earned it.

That's not a nice cultural quirk. It's the opposite of everything American management theory teaches about visibility, personal brand, and "owning your wins." There's a name for the Swedish norm: Jantelagen, the Law of Jante, written by Aksel Sandemose in 1933. It's not a real law. It's 10 unwritten rules that boil down to one idea: you are not better than anyone else, so don't act like it. Say "we built this," never "I built this," even when you did most of the building. Think about the last time someone on your team quietly fixed a problem and never mentioned it. In a Swedish office, that's Tuesday. In most American offices, it's a missed opportunity to self-promote. Neither system is purely good. Jantelagen can flatten ambition and make it hard for a genuinely exceptional performer to get recognized. American credit-chasing can turn every team into a group of individuals optimizing for their own resume instead of the result. But here's what's hard to argue with: some of the world's most functional, highest-trust workplaces run on the Swedish version. When nobody's fighting to be the hero, people share bad news early instead of hiding it, ask for help before a small problem becomes a big one, and build on each other's ideas instead of defending their own turf. You don't need to import an entire culture to steal the useful part. Next time your team wins something, try saying "the team did this" out loud, even when you know exactly who carried it. Where in your company does chasing individual credit quietly cost the team?Read more
That's not a nice cultural quirk. It's the opposite of everything American management theory teaches about visibility, personal brand, and "owning your wins." There's a name for the Swedish norm: Jantelagen, the Law of Jante, written by Aksel Sandemose in 1933. It's not a real law. It's 10 unwritten rules that boil down to one idea: you are not better than anyone else, so don't act like it. Say "we built this," never "I built this," even when you did most of the building. Think about the last time someone on your team quietly fixed a problem and never mentioned it. In a Swedish office, that's Tuesday. In most American offices, it's a missed opportunity to self-promote. Neither system is purely good. Jantelagen can flatten ambition and make it hard for a genuinely exceptional performer to get recognized. American credit-chasing can turn every team into a group of individuals optimizing for their own resume instead of the result. But here's what's hard to argue with: some of the world's most functional, highest-trust workplaces run on the Swedish version. When nobody's fighting to be the hero, people share bad news early instead of hiding it, ask for help before a small problem becomes a big one, and build on each other's ideas instead of defending their own turf. You don't need to import an entire culture to steal the useful part. Next time your team wins something, try saying "the team did this" out loud, even when you know exactly who carried it. Where in your company does chasing individual credit quietly cost the team?
On LinkedIn →

August 26, 2026

Only 1 in 26 unhappy customers complains. The other 25 quietly leave and tell 9 or 10 people why.

John Goodman proved this back in the 1970s, running research through TARP that's still cited in customer service training decades later. The single complaint your team just fielded isn't an isolated headache. It's the visible tip of a problem the other 25 people never bothered to mention. Most companies treat the complaints inbox like a fire to put out: apologize, refund, close the ticket, move on. That's customer service. It's not product strategy, and it's throwing away the cheapest research you'll ever get. Think about a confusing checkout flow. One customer complains about it. You can handle that single ticket, or you can treat it as a signal that 25 other people hit the same wall and abandoned their cart without saying a word. One response fixes a person. The other fixes a business. I've seen this pattern across five decades of building and teaching: the best product ideas rarely come from a roadmap meeting. They come from the customer who was angry enough to write in, because that person just handed you, for free, what 25 other people were thinking and never said. The fix isn't a better complaints process. It's routing the actual content of complaints to whoever decides what gets built next, not just to whoever answers the phone. Pull your last 20 complaints. Not the tone, the request underneath it. That list is closer to a real product roadmap than most strategy decks. What's a complaint your company keeps hearing that nobody's fixed?Read more
John Goodman proved this back in the 1970s, running research through TARP that's still cited in customer service training decades later. The single complaint your team just fielded isn't an isolated headache. It's the visible tip of a problem the other 25 people never bothered to mention. Most companies treat the complaints inbox like a fire to put out: apologize, refund, close the ticket, move on. That's customer service. It's not product strategy, and it's throwing away the cheapest research you'll ever get. Think about a confusing checkout flow. One customer complains about it. You can handle that single ticket, or you can treat it as a signal that 25 other people hit the same wall and abandoned their cart without saying a word. One response fixes a person. The other fixes a business. I've seen this pattern across five decades of building and teaching: the best product ideas rarely come from a roadmap meeting. They come from the customer who was angry enough to write in, because that person just handed you, for free, what 25 other people were thinking and never said. The fix isn't a better complaints process. It's routing the actual content of complaints to whoever decides what gets built next, not just to whoever answers the phone. Pull your last 20 complaints. Not the tone, the request underneath it. That list is closer to a real product roadmap than most strategy decks. What's a complaint your company keeps hearing that nobody's fixed?
On LinkedIn →

August 25, 2026

Most leaders think a values statement builds culture. It doesn't. Incentives do.

In 1975, a management professor named Steven Kerr wrote a paper called "On the Folly of Rewarding A, While Hoping for B." Fifty years later, most companies still run their comp plans like they never read it. Walk into any office and you'll find the values on the wall: integrity, teamwork, customer obsession, ownership. Ask the people who work there what actually gets rewarded, and you'll get a completely different list: individual hero moments, hitting the number by any means necessary, staying quiet in the meeting where you disagreed. That gap is the real culture. Not the poster. I've watched this for decades, in classrooms and boardrooms both. A sales team says it values "customer obsession," then pays commission only on closed deals, never on renewals or retention. So reps close and run. A company says it rewards "teamwork," then promotes whoever took credit loudest in the room. So people stop collaborating and start performing for an audience of one: their manager. Employees aren't confused about any of this. They read incentives faster than they read mission statements, because incentives tell them what actually happens to their paycheck and their career. A values statement is a claim. A bonus plan is a fact. Here's the test: pull up your last 4 promotions or your last bonus cycle. Line up the behavior that got rewarded next to the values on your wall. If they don't match, you don't have a values problem. You have an incentive design problem wearing a culture costume. Fix the incentive and the behavior follows. Leave it alone and change the poster all you want; nothing moves. What's the incentive in your company that's quietly working against your stated values?Read more
In 1975, a management professor named Steven Kerr wrote a paper called "On the Folly of Rewarding A, While Hoping for B." Fifty years later, most companies still run their comp plans like they never read it. Walk into any office and you'll find the values on the wall: integrity, teamwork, customer obsession, ownership. Ask the people who work there what actually gets rewarded, and you'll get a completely different list: individual hero moments, hitting the number by any means necessary, staying quiet in the meeting where you disagreed. That gap is the real culture. Not the poster. I've watched this for decades, in classrooms and boardrooms both. A sales team says it values "customer obsession," then pays commission only on closed deals, never on renewals or retention. So reps close and run. A company says it rewards "teamwork," then promotes whoever took credit loudest in the room. So people stop collaborating and start performing for an audience of one: their manager. Employees aren't confused about any of this. They read incentives faster than they read mission statements, because incentives tell them what actually happens to their paycheck and their career. A values statement is a claim. A bonus plan is a fact. Here's the test: pull up your last 4 promotions or your last bonus cycle. Line up the behavior that got rewarded next to the values on your wall. If they don't match, you don't have a values problem. You have an incentive design problem wearing a culture costume. Fix the incentive and the behavior follows. Leave it alone and change the poster all you want; nothing moves. What's the incentive in your company that's quietly working against your stated values?
On LinkedIn →

August 24, 2026

Founders don't have a messaging problem. They have an unfinished-thinking problem dressed up as a pitch.

Watch what happens when you ask a founder what their company does. The one-sentence answer turns into a paragraph. The paragraph turns into a slide deck. The slide deck turns into "well, it's complicated." That's not a wording issue. That's the sound of thinking that never finished. Every real business reduces to a sentence a stranger can repeat back 10 minutes later. Not because the business is simple, the operations underneath can be enormous, but because the founder already did the hard part: deciding what to leave out. A confusing pitch usually means one of 3 things. The founder is hedging, covering every possible market so no one can say they're wrong. The founder is stalling, using jargon instead of admitting they haven't picked a lane. Or the founder genuinely doesn't know yet, and the fog in the explanation is the fog in the strategy. Customers can smell all 3. So can the best candidate you almost hired, the one who took the other offer because they couldn't repeat back what your company does after the interview. So can the investor who passes, not because the idea is bad, but because they can't tell what they'd be funding. The fix isn't a sharper tagline. It's finishing the thinking a tagline is supposed to summarize: who exactly this is for, what problem it solves, and what you're deliberately choosing not to be. Can you explain your business in one sentence, or does it take a deck?Read more
Watch what happens when you ask a founder what their company does. The one-sentence answer turns into a paragraph. The paragraph turns into a slide deck. The slide deck turns into "well, it's complicated." That's not a wording issue. That's the sound of thinking that never finished. Every real business reduces to a sentence a stranger can repeat back 10 minutes later. Not because the business is simple, the operations underneath can be enormous, but because the founder already did the hard part: deciding what to leave out. A confusing pitch usually means one of 3 things. The founder is hedging, covering every possible market so no one can say they're wrong. The founder is stalling, using jargon instead of admitting they haven't picked a lane. Or the founder genuinely doesn't know yet, and the fog in the explanation is the fog in the strategy. Customers can smell all 3. So can the best candidate you almost hired, the one who took the other offer because they couldn't repeat back what your company does after the interview. So can the investor who passes, not because the idea is bad, but because they can't tell what they'd be funding. The fix isn't a sharper tagline. It's finishing the thinking a tagline is supposed to summarize: who exactly this is for, what problem it solves, and what you're deliberately choosing not to be. Can you explain your business in one sentence, or does it take a deck?
On LinkedIn →

August 23, 2026

Stage-based forecasting, the method running inside almost every CRM, tops out at 60 to 75 percent accuracy. That's barely better than guessing.

Look at your pipeline right now. Deals sitting at "80% likely to close" that have been stuck there for 6 weeks. Deals marked "next quarter" that were marked "next quarter" last quarter too. None of that is forecasting. It's a folder of hope, organized by stage. Stage-based systems ask one question: where is this deal in my process? They never ask the question that predicts a close: is the buyer still engaged? Clari's research on B2B pipelines found forecast accuracy barely clears the halfway point, because stage tells you where a rep thinks a deal sits, not what the buyer is doing. Sales leaders build headcount plans, board decks, and hiring timelines on top of these numbers. Then Q4 arrives, the pipeline that looked full for 9 months converts at half the rate promised, and everyone acts surprised. The fix isn't a better CRM field. It's tracking buyer behavior, email response time, meeting attendance, multi-threading across the buying committee, instead of a rep's gut feeling translated into a percentage. Your pipeline isn't lying to you. Your forecasting method is. How much of your current pipeline would survive an honest audit?Read more
Look at your pipeline right now. Deals sitting at "80% likely to close" that have been stuck there for 6 weeks. Deals marked "next quarter" that were marked "next quarter" last quarter too. None of that is forecasting. It's a folder of hope, organized by stage. Stage-based systems ask one question: where is this deal in my process? They never ask the question that predicts a close: is the buyer still engaged? Clari's research on B2B pipelines found forecast accuracy barely clears the halfway point, because stage tells you where a rep thinks a deal sits, not what the buyer is doing. Sales leaders build headcount plans, board decks, and hiring timelines on top of these numbers. Then Q4 arrives, the pipeline that looked full for 9 months converts at half the rate promised, and everyone acts surprised. The fix isn't a better CRM field. It's tracking buyer behavior, email response time, meeting attendance, multi-threading across the buying committee, instead of a rep's gut feeling translated into a percentage. Your pipeline isn't lying to you. Your forecasting method is. How much of your current pipeline would survive an honest audit?
On LinkedIn →

August 22, 2026

Twice a day, every day, Swedish offices stop for coffee. It's not a break. It's the reason their meetings are short.

It's called fika, scheduled around 10am and 3pm, and skipping it regularly is treated less like opting out of donuts and more like opting out of the team. Nobody writes that rule down. Everyone still knows it. Here's what fika actually does. It's not where decisions get made. Heavy topics stay out of it on purpose. What happens instead is relationship-building and information flow that has nowhere else to live: the context, the half-formed idea, the "here's what I'm actually worried about" conversation that never makes it into a meeting agenda. By the time a real decision needs making, the trust already exists. Swedish workplaces lean on consensus decision-making, where everyone gets heard before anyone commits. That sounds slow on paper. In practice it moves fast, because the groundwork already happened over coffee, twice a day, for months. Compare that to how most American teams build trust: more meetings. A stand-up to sync. A sync to align. An alignment call to recap the sync. None of it protected, all of it competing with actual work, and none of it doing what two unhurried coffee breaks already do. The mistake isn't holding too few meetings. It's assuming meetings are where trust gets built in the first place. They're where trust gets spent. What's your team's version of fika, or does trust only get built in meetings that could've been an email?Read more
It's called fika, scheduled around 10am and 3pm, and skipping it regularly is treated less like opting out of donuts and more like opting out of the team. Nobody writes that rule down. Everyone still knows it. Here's what fika actually does. It's not where decisions get made. Heavy topics stay out of it on purpose. What happens instead is relationship-building and information flow that has nowhere else to live: the context, the half-formed idea, the "here's what I'm actually worried about" conversation that never makes it into a meeting agenda. By the time a real decision needs making, the trust already exists. Swedish workplaces lean on consensus decision-making, where everyone gets heard before anyone commits. That sounds slow on paper. In practice it moves fast, because the groundwork already happened over coffee, twice a day, for months. Compare that to how most American teams build trust: more meetings. A stand-up to sync. A sync to align. An alignment call to recap the sync. None of it protected, all of it competing with actual work, and none of it doing what two unhurried coffee breaks already do. The mistake isn't holding too few meetings. It's assuming meetings are where trust gets built in the first place. They're where trust gets spent. What's your team's version of fika, or does trust only get built in meetings that could've been an email?
On LinkedIn →

August 21, 2026

Culture fit is a bias with a good reputation.

Nobody puts "hire people like me" in a job posting. They put "must be a strong culture fit," and everyone nods, because it sounds like a values check instead of what it usually is: a comfort check. Sociologist Lauren Rivera studied this directly: 120 interviews with hiring committees at elite law, banking, and consulting firms. Her finding was blunt. Interviewers screened for shared leisure activities, self-presentation, and lifestyle far more than raw skill, and cultural similarity often outweighed productivity concerns entirely. That's not a values check. That's affinity, wearing a culture badge. The damage compounds. Every "culture fit" hire who passed because they felt familiar reinforces what familiar looks like for the next round. Teams don't drift toward sameness by accident, they drift there one comfortable interview at a time, and nobody ever writes "we filtered for people who remind us of ourselves" in the hiring rubric. Culture add asks a different question: not "does this person match us," but "does this person expand what we're capable of." The candidate who pushes back in the interview instead of mirroring your energy back at you isn't a risk to team chemistry. They might be the only person catching what the rest of the room already agreed not to notice. Here's the test. Next time someone gets rejected as "not a culture fit," ask what specifically they didn't fit. If the honest answer is a value or a standard, that's real. If the honest answer is a vibe, you just found your bias, and gave it a nicer name. What's the last hire your team almost passed on for feeling different, and were they right?Read more
Nobody puts "hire people like me" in a job posting. They put "must be a strong culture fit," and everyone nods, because it sounds like a values check instead of what it usually is: a comfort check. Sociologist Lauren Rivera studied this directly: 120 interviews with hiring committees at elite law, banking, and consulting firms. Her finding was blunt. Interviewers screened for shared leisure activities, self-presentation, and lifestyle far more than raw skill, and cultural similarity often outweighed productivity concerns entirely. That's not a values check. That's affinity, wearing a culture badge. The damage compounds. Every "culture fit" hire who passed because they felt familiar reinforces what familiar looks like for the next round. Teams don't drift toward sameness by accident, they drift there one comfortable interview at a time, and nobody ever writes "we filtered for people who remind us of ourselves" in the hiring rubric. Culture add asks a different question: not "does this person match us," but "does this person expand what we're capable of." The candidate who pushes back in the interview instead of mirroring your energy back at you isn't a risk to team chemistry. They might be the only person catching what the rest of the room already agreed not to notice. Here's the test. Next time someone gets rejected as "not a culture fit," ask what specifically they didn't fit. If the honest answer is a value or a standard, that's real. If the honest answer is a vibe, you just found your bias, and gave it a nicer name. What's the last hire your team almost passed on for feeling different, and were they right?
On LinkedIn →

August 20, 2026

Exit interviews are autopsies. Stay interviews are the physical that could've prevented one.

By the time someone sits down for an exit interview, they've mentally left. They're polite. They're vague. "New opportunity" and "personal reasons" aren't answers, they're exits dressed as answers, because burning a bridge on the way out costs them a reference and gets them nothing back. Stay interviews flip the timing. The term comes from retention researcher Richard Finnegan, not HR folklore, and the idea is simple: ask your best people why they're still here, on purpose, on a schedule, before there's any reason to lie. What's the best part of your week here? What would make you look at other jobs? What's one thing that's almost enough to make you leave? Here's what the autopsy costs you that the physical doesn't. SHRM estimates replacing a good employee runs 50 to 200 percent of their salary once you count the search, the ramp time, and the work that stalls while the seat sits empty. A stay interview costs 20 minutes and a little willingness to hear an answer you don't like. Most companies only budget time for the conversation that comes too late. They'll spend hours documenting why someone quit and never spend 20 minutes a quarter asking the people who haven't. The turnover you're tracking already happened. The turnover you can still prevent is sitting in your next 1:1. When's the last time you asked someone why they stay, not just how the project's going?Read more
By the time someone sits down for an exit interview, they've mentally left. They're polite. They're vague. "New opportunity" and "personal reasons" aren't answers, they're exits dressed as answers, because burning a bridge on the way out costs them a reference and gets them nothing back. Stay interviews flip the timing. The term comes from retention researcher Richard Finnegan, not HR folklore, and the idea is simple: ask your best people why they're still here, on purpose, on a schedule, before there's any reason to lie. What's the best part of your week here? What would make you look at other jobs? What's one thing that's almost enough to make you leave? Here's what the autopsy costs you that the physical doesn't. SHRM estimates replacing a good employee runs 50 to 200 percent of their salary once you count the search, the ramp time, and the work that stalls while the seat sits empty. A stay interview costs 20 minutes and a little willingness to hear an answer you don't like. Most companies only budget time for the conversation that comes too late. They'll spend hours documenting why someone quit and never spend 20 minutes a quarter asking the people who haven't. The turnover you're tracking already happened. The turnover you can still prevent is sitting in your next 1:1. When's the last time you asked someone why they stay, not just how the project's going?
On LinkedIn →

August 19, 2026

4 weeks off, guaranteed by law. In Sweden, your employer can't say no.

It's called semesterlagen: 5 weeks of paid vacation a year, with the right to take 4 of those weeks consecutively between June and August. An employer can only refuse in narrow, defined circumstances. For most workers, the request gets approved. Here's the part people get wrong. The law doesn't force companies to close. What actually happens, called industrisemester, is that entire factories and offices shut down together anyway, by custom, not by statute. The tradition goes back to early union negotiations decades ago, and it stuck because it works better than the alternative: everyone leaving on staggered schedules while a skeleton crew tries to keep the lights on. American founders hear "the whole company closes for a month" and assume it's a productivity tax. It should show up in the numbers as a hit. It doesn't. Sweden's GDP per hour worked sits above the US on several measures, not below. Companies built around a planned, synchronized stop don't lose a month. They lose the illusion that everything requires them every week. Compare that to the American version. 2 weeks off and you're already fielding "checking in" emails by day 4. PTO exists on paper and gets treated like a resignation letter in practice. Nobody wrote a law forcing that culture either. Companies just built it, one unspoken expectation at a time, the same way Sweden built the opposite one. The lesson isn't "pass a law." It's that the norm you tolerate becomes the culture you get, whether or not anyone wrote it down. Would your team survive 4 weeks with nobody checking their phone?Read more
It's called semesterlagen: 5 weeks of paid vacation a year, with the right to take 4 of those weeks consecutively between June and August. An employer can only refuse in narrow, defined circumstances. For most workers, the request gets approved. Here's the part people get wrong. The law doesn't force companies to close. What actually happens, called industrisemester, is that entire factories and offices shut down together anyway, by custom, not by statute. The tradition goes back to early union negotiations decades ago, and it stuck because it works better than the alternative: everyone leaving on staggered schedules while a skeleton crew tries to keep the lights on. American founders hear "the whole company closes for a month" and assume it's a productivity tax. It should show up in the numbers as a hit. It doesn't. Sweden's GDP per hour worked sits above the US on several measures, not below. Companies built around a planned, synchronized stop don't lose a month. They lose the illusion that everything requires them every week. Compare that to the American version. 2 weeks off and you're already fielding "checking in" emails by day 4. PTO exists on paper and gets treated like a resignation letter in practice. Nobody wrote a law forcing that culture either. Companies just built it, one unspoken expectation at a time, the same way Sweden built the opposite one. The lesson isn't "pass a law." It's that the norm you tolerate becomes the culture you get, whether or not anyone wrote it down. Would your team survive 4 weeks with nobody checking their phone?
On LinkedIn →

August 18, 2026

Everyone says hire slow, fire fast. Almost nobody does either.

Hiring happens under pressure: the seat has been open for 6 weeks, the team is stretched, and the fourth decent candidate in a row starts to look like the right one just because the search has gone on long enough. Slow hiring requires saying no to good-enough people while the cost of the empty seat keeps climbing in plain view. Almost no one has the stomach for that trade in real time. Firing happens under guilt: you hired them, you vouched for them, and admitting the hire was wrong feels like admitting you were wrong. So the story becomes "give it one more quarter" or "maybe a different project will click," and 3 more months pass while the rest of the team quietly does the work that person isn't doing and slowly recalibrates what's acceptable. Both mistakes come from the same place. Hiring fast avoids the discomfort of an empty seat today. Firing slow avoids the discomfort of being wrong today. Neither actually avoids the cost, it just moves the bill to later and adds interest: a bad hire drags down morale for months before anyone acts, and by the time they're gone, 2 or 3 good people have already started quietly job hunting because they watched leadership tolerate it. Most managers can tell you the exact week they knew a hire wasn't working out. Almost none of them can tell you why they waited 4 more months to act on it. The gap between knowing and acting is where the real damage happens, not in the decision itself. The fix isn't willpower. It's deciding your hiring bar and your performance bar in writing, before you're under pressure to bend either one. What's the longest you've let a bad hire stay after you already knew?Read more
Hiring happens under pressure: the seat has been open for 6 weeks, the team is stretched, and the fourth decent candidate in a row starts to look like the right one just because the search has gone on long enough. Slow hiring requires saying no to good-enough people while the cost of the empty seat keeps climbing in plain view. Almost no one has the stomach for that trade in real time. Firing happens under guilt: you hired them, you vouched for them, and admitting the hire was wrong feels like admitting you were wrong. So the story becomes "give it one more quarter" or "maybe a different project will click," and 3 more months pass while the rest of the team quietly does the work that person isn't doing and slowly recalibrates what's acceptable. Both mistakes come from the same place. Hiring fast avoids the discomfort of an empty seat today. Firing slow avoids the discomfort of being wrong today. Neither actually avoids the cost, it just moves the bill to later and adds interest: a bad hire drags down morale for months before anyone acts, and by the time they're gone, 2 or 3 good people have already started quietly job hunting because they watched leadership tolerate it. Most managers can tell you the exact week they knew a hire wasn't working out. Almost none of them can tell you why they waited 4 more months to act on it. The gap between knowing and acting is where the real damage happens, not in the decision itself. The fix isn't willpower. It's deciding your hiring bar and your performance bar in writing, before you're under pressure to bend either one. What's the longest you've let a bad hire stay after you already knew?
On LinkedIn →

August 16, 2026

The org chart is the least accurate document in your company, and everyone still treats it like scripture.

It's a map of reporting lines and pay bands, drawn once and rarely updated. It answers "who approves your vacation request." It says nothing about who people actually go to when something breaks, who gets looped in before a real decision gets made, or whose Slack message gets answered in 5 minutes while a VP's sits for a day. That second map is the real one, and it rarely matches the boxes on the slide. The person with actual influence is sometimes 2 levels below the title that suggests they should have it, because they're the one who understands the system nobody documented, or the one 3 other teams quietly depend on to get anything shipped. Move that person to a competitor and the org chart looks identical the next morning. The company does not. Most leaders only discover the real chart when someone central to it quits, and suddenly 4 different teams are stuck asking who actually knows how the thing works. By then it's a scramble instead of a plan, usually solved with a rushed knowledge-transfer doc that should have existed a year earlier. You can find the real chart before you're forced to. Ask a handful of people across departments one question: when you're stuck, who do you actually message first. The names that keep repeating, especially the ones without a senior title, are the people your company can't afford to lose quietly. The fix is not redrawing boxes. It's asking a different question than "who reports to whom": who would 10 people be lost without, regardless of their title? That's your actual org chart. Protect it like one. Who's the person in your company whose title undersells how much the place depends on them?Read more
It's a map of reporting lines and pay bands, drawn once and rarely updated. It answers "who approves your vacation request." It says nothing about who people actually go to when something breaks, who gets looped in before a real decision gets made, or whose Slack message gets answered in 5 minutes while a VP's sits for a day. That second map is the real one, and it rarely matches the boxes on the slide. The person with actual influence is sometimes 2 levels below the title that suggests they should have it, because they're the one who understands the system nobody documented, or the one 3 other teams quietly depend on to get anything shipped. Move that person to a competitor and the org chart looks identical the next morning. The company does not. Most leaders only discover the real chart when someone central to it quits, and suddenly 4 different teams are stuck asking who actually knows how the thing works. By then it's a scramble instead of a plan, usually solved with a rushed knowledge-transfer doc that should have existed a year earlier. You can find the real chart before you're forced to. Ask a handful of people across departments one question: when you're stuck, who do you actually message first. The names that keep repeating, especially the ones without a senior title, are the people your company can't afford to lose quietly. The fix is not redrawing boxes. It's asking a different question than "who reports to whom": who would 10 people be lost without, regardless of their title? That's your actual org chart. Protect it like one. Who's the person in your company whose title undersells how much the place depends on them?
On LinkedIn →

August 15, 2026

Only 10% of strategies actually get executed. The other 90% die in a slide deck nobody reopens.

That statistic gets quoted so often it's become a cliche, but the reason behind it rarely gets discussed. It's not that the strategy was wrong. It's that a strategy deck and an execution plan are different documents pretending to be the same thing. The deck exists to get buy-in from people above you. It's built for a room, optimized for one hour of attention, full of language broad enough that everyone in that room can agree with it. "Become the market leader in customer experience" survives a board meeting. It doesn't survive Tuesday, because nobody on the team knows what to do differently before lunch. Execution needs the opposite of what a good deck needs. It needs to be narrow, specific, and boring enough to fit into someone's actual week. Not "improve customer experience," but "cut support response time from 4 hours to 1, owned by the support lead, reviewed every Friday." That sentence would get cut from the deck for being too small. It's also the only kind of sentence anyone can act on Monday morning. The gap isn't a motivation problem or a culture problem. It's a translation problem. Nobody owns turning the deck's ambitions into the boring, specific, weekly-reviewable version, so the deck sits in a folder while everyone goes back to whatever they were already doing. If your last strategy deck hasn't been opened since the meeting where you presented it, that's not a discipline issue. It's a sign nobody ever translated it into something Tuesday could use. What's the one line from your last strategy deck that never turned into a task with an owner?Read more
That statistic gets quoted so often it's become a cliche, but the reason behind it rarely gets discussed. It's not that the strategy was wrong. It's that a strategy deck and an execution plan are different documents pretending to be the same thing. The deck exists to get buy-in from people above you. It's built for a room, optimized for one hour of attention, full of language broad enough that everyone in that room can agree with it. "Become the market leader in customer experience" survives a board meeting. It doesn't survive Tuesday, because nobody on the team knows what to do differently before lunch. Execution needs the opposite of what a good deck needs. It needs to be narrow, specific, and boring enough to fit into someone's actual week. Not "improve customer experience," but "cut support response time from 4 hours to 1, owned by the support lead, reviewed every Friday." That sentence would get cut from the deck for being too small. It's also the only kind of sentence anyone can act on Monday morning. The gap isn't a motivation problem or a culture problem. It's a translation problem. Nobody owns turning the deck's ambitions into the boring, specific, weekly-reviewable version, so the deck sits in a folder while everyone goes back to whatever they were already doing. If your last strategy deck hasn't been opened since the meeting where you presented it, that's not a discipline issue. It's a sign nobody ever translated it into something Tuesday could use. What's the one line from your last strategy deck that never turned into a task with an owner?
On LinkedIn →

August 14, 2026

Your customers lie to you in every interview. Not on purpose, which is what makes it dangerous.

People are bad witnesses to their own behavior. Ask someone if they'd use a feature and they picture their best intentions: the version of themselves that reads the onboarding email, tries the integration, comes back next week. Ship it, and usage tells a different story, because behavior under real constraints like time, competing priorities, and habit rarely matches behavior under a hypothetical question. This isn't customers being dishonest. It's memory and self-prediction being unreliable, which every field that studies human behavior has known for decades. Ask people what they'll do and you get their aspirational self. Watch what they actually do and you get the truth, whether or not they're proud of it. The fix isn't to stop interviewing customers. It's to stop asking interviews to do a job usage data is better at. Interviews are for why: why did you stop using this, why did this confuse you, why did you almost churn last month. Usage data is for what: what did you actually do, how often, right before you left. Confuse the two and you'll build a roadmap based on what people wish were true about themselves instead of what they've already proven with their behavior. The founders who get this right treat every interview answer as a hypothesis, not a spec. They check it against the logs before it becomes a sprint. What's a feature your usage data killed after your interviews said to build it?Read more
People are bad witnesses to their own behavior. Ask someone if they'd use a feature and they picture their best intentions: the version of themselves that reads the onboarding email, tries the integration, comes back next week. Ship it, and usage tells a different story, because behavior under real constraints like time, competing priorities, and habit rarely matches behavior under a hypothetical question. This isn't customers being dishonest. It's memory and self-prediction being unreliable, which every field that studies human behavior has known for decades. Ask people what they'll do and you get their aspirational self. Watch what they actually do and you get the truth, whether or not they're proud of it. The fix isn't to stop interviewing customers. It's to stop asking interviews to do a job usage data is better at. Interviews are for why: why did you stop using this, why did this confuse you, why did you almost churn last month. Usage data is for what: what did you actually do, how often, right before you left. Confuse the two and you'll build a roadmap based on what people wish were true about themselves instead of what they've already proven with their behavior. The founders who get this right treat every interview answer as a hypothesis, not a spec. They check it against the logs before it becomes a sprint. What's a feature your usage data killed after your interviews said to build it?
On LinkedIn →

August 13, 2026

You didn't lose your best employee to a competitor. You lost them to yourself.

Exit interviews blame the market. More money, a shorter commute, a bigger title somewhere else. Almost none of them say the real reason, because saying it out loud to the person who signs your reference letter is a bad career move. The real reason is usually simpler and closer to home. Their ideas stopped getting credit in the room. Their growth stalled while yours didn't. They asked for more responsibility and got a "not yet" that never turned into a "now." None of that shows up on LinkedIn as "left for a competitor." It shows up as smaller things first: they stop pushing back in meetings. They stop pitching new ideas, because the last 3 got quietly shelved. They start doing exactly what's asked and nothing more, which looks like reliability and is actually the first stage of checking out. By the time the resignation letter shows up, the decision was made 6 months earlier. You just weren't watching for it. The cost compounds in a way most managers underestimate. Replacing a senior performer typically runs 1.5 to 2 times their salary once you count the search, the ramp time, and the work that slips while the seat sits empty. And the next hire is watching how the last one was treated on the way out. If leaving quietly and taking a clean reference was the best option your best person had, that becomes the model everyone else on the team learns from. Good managers treat a resignation as data, not betrayal. If your best people keep leaving for reasons you can't quite name, the pattern isn't the market. It's whatever they experienced in the room with you that they never felt safe enough to say directly. What's the real reason your last great hire actually left?Read more
Exit interviews blame the market. More money, a shorter commute, a bigger title somewhere else. Almost none of them say the real reason, because saying it out loud to the person who signs your reference letter is a bad career move. The real reason is usually simpler and closer to home. Their ideas stopped getting credit in the room. Their growth stalled while yours didn't. They asked for more responsibility and got a "not yet" that never turned into a "now." None of that shows up on LinkedIn as "left for a competitor." It shows up as smaller things first: they stop pushing back in meetings. They stop pitching new ideas, because the last 3 got quietly shelved. They start doing exactly what's asked and nothing more, which looks like reliability and is actually the first stage of checking out. By the time the resignation letter shows up, the decision was made 6 months earlier. You just weren't watching for it. The cost compounds in a way most managers underestimate. Replacing a senior performer typically runs 1.5 to 2 times their salary once you count the search, the ramp time, and the work that slips while the seat sits empty. And the next hire is watching how the last one was treated on the way out. If leaving quietly and taking a clean reference was the best option your best person had, that becomes the model everyone else on the team learns from. Good managers treat a resignation as data, not betrayal. If your best people keep leaving for reasons you can't quite name, the pattern isn't the market. It's whatever they experienced in the room with you that they never felt safe enough to say directly. What's the real reason your last great hire actually left?
On LinkedIn →

August 12, 2026

Board meetings aren't where good decisions get made. They're where bad decisions get approved.

Walk into most board meetings and the format already answers the outcome. Revenue update, pipeline review, hiring plan, a slide on competitors. Everything on the agenda is designed to confirm what leadership already decided, not to test it. Nobody built in time for the one question that actually matters: what could kill this business in the next 12 months, and what's being done about it right now. That question doesn't fit the deck. It forces the CEO to admit uncertainty in front of the people who fund them, and it forces board members to say something sharper than "sounds like you have it under control." So it gets skipped, quarter after quarter, in favor of questions everyone already knows the answer to. Boards that ask it anyway change how the company operates. Not because the answer is always alarming, but because naming the real risk out loud forces a plan instead of a hope that it won't happen. The boards that never ask it aren't safer. They're just surprised later, in a meeting that isn't scheduled. What's the question your board hasn't asked in a year?Read more
Walk into most board meetings and the format already answers the outcome. Revenue update, pipeline review, hiring plan, a slide on competitors. Everything on the agenda is designed to confirm what leadership already decided, not to test it. Nobody built in time for the one question that actually matters: what could kill this business in the next 12 months, and what's being done about it right now. That question doesn't fit the deck. It forces the CEO to admit uncertainty in front of the people who fund them, and it forces board members to say something sharper than "sounds like you have it under control." So it gets skipped, quarter after quarter, in favor of questions everyone already knows the answer to. Boards that ask it anyway change how the company operates. Not because the answer is always alarming, but because naming the real risk out loud forces a plan instead of a hope that it won't happen. The boards that never ask it aren't safer. They're just surprised later, in a meeting that isn't scheduled. What's the question your board hasn't asked in a year?
On LinkedIn →

August 11, 2026

Your price isn't too high. Your customers just know you'll cave.

Founders chasing volume treat price like a lever they can pull whenever growth slows. Drop it 10%, watch signups tick up, call it traction. The math looks better. The business doesn't. Every customer who buys because you got cheaper is a customer who leaves the moment someone else gets cheaper too. You didn't earn loyalty. You rented attention, and the rent comes due the next time a competitor runs a sale. Pricing power works the other direction. It's not what you charge, it's what customers will pay before they walk. Founders who protect it turn down deals that would pad this quarter's numbers, because a customer buying on price alone was never going to renew on value. Fewer customers, higher margin, and a business that doesn't collapse the day someone undercuts you. Volume chasing feels like growth because the top-line number moves. Pricing power feels like nothing is happening, right up until it's the only thing standing between you and a race to the bottom you can't win. Would your last 10 customers still buy from you at double the price?Read more
Founders chasing volume treat price like a lever they can pull whenever growth slows. Drop it 10%, watch signups tick up, call it traction. The math looks better. The business doesn't. Every customer who buys because you got cheaper is a customer who leaves the moment someone else gets cheaper too. You didn't earn loyalty. You rented attention, and the rent comes due the next time a competitor runs a sale. Pricing power works the other direction. It's not what you charge, it's what customers will pay before they walk. Founders who protect it turn down deals that would pad this quarter's numbers, because a customer buying on price alone was never going to renew on value. Fewer customers, higher margin, and a business that doesn't collapse the day someone undercuts you. Volume chasing feels like growth because the top-line number moves. Pricing power feels like nothing is happening, right up until it's the only thing standing between you and a race to the bottom you can't win. Would your last 10 customers still buy from you at double the price?
On LinkedIn →

August 10, 2026

Founders will spend 6 months perfecting a funnel and 6 minutes confirming anyone wants what's at the bottom of it.

The funnel is the part that feels like marketing: the ad copy, the landing page, the email sequence, the retargeting logic. It's measurable, controllable, and endlessly optimizable, which makes it easy to mistake motion for progress. Every tweak produces a number. Numbers feel like proof. None of it means anything if the offer at the bottom doesn't solve a problem someone will pay to fix. A perfectly optimized funnel just gets a bad offer in front of more people faster. It doesn't fix the offer. It exposes it. The founders who get this right validate the destination before they build the road to it. They'd rather sell an ugly offer through 5 cold DMs than launch a beautiful funnel for one nobody wants. Polish is reversible. A bad offer that's already been advertised to your entire list is a much more expensive thing to fix. What does the last thing you optimized in your funnel have to do with whether anyone wants what you're selling?Read more
The funnel is the part that feels like marketing: the ad copy, the landing page, the email sequence, the retargeting logic. It's measurable, controllable, and endlessly optimizable, which makes it easy to mistake motion for progress. Every tweak produces a number. Numbers feel like proof. None of it means anything if the offer at the bottom doesn't solve a problem someone will pay to fix. A perfectly optimized funnel just gets a bad offer in front of more people faster. It doesn't fix the offer. It exposes it. The founders who get this right validate the destination before they build the road to it. They'd rather sell an ugly offer through 5 cold DMs than launch a beautiful funnel for one nobody wants. Polish is reversible. A bad offer that's already been advertised to your entire list is a much more expensive thing to fix. What does the last thing you optimized in your funnel have to do with whether anyone wants what you're selling?
On LinkedIn →

August 9, 2026

Swedish CEOs park in the same lot as everyone else and go by first name. Silicon Valley built a cult around the founder as genius.

Flatten the hierarchy far enough and something changes in how bad news travels. In a flat structure, a junior employee telling the CEO their pricing model is wrong costs almost nothing socially. In a cult-of-personality structure, the same correction can cost a career, so it gets softened, delayed, or buried in a slide deck no one reads out loud. The information was available. The structure decided whether it could move. Silicon Valley's version has a real advantage: a founder with total conviction can move a company through the exact moments consensus would stall on. But conviction doesn't self-correct. Founder cults look decisive from the outside. From the inside, they just mean the founder is the last person in the building who'll ever hear they're wrong. Flat hierarchies have their own failure mode: no one clear owner when a decision needs to move fast. But that's a slower company. A founder nobody will correct is a blind one. Which structure would catch your worst mistake faster: a room full of people on a first-name basis with you, or a room built entirely around your own conviction?Read more
Flatten the hierarchy far enough and something changes in how bad news travels. In a flat structure, a junior employee telling the CEO their pricing model is wrong costs almost nothing socially. In a cult-of-personality structure, the same correction can cost a career, so it gets softened, delayed, or buried in a slide deck no one reads out loud. The information was available. The structure decided whether it could move. Silicon Valley's version has a real advantage: a founder with total conviction can move a company through the exact moments consensus would stall on. But conviction doesn't self-correct. Founder cults look decisive from the outside. From the inside, they just mean the founder is the last person in the building who'll ever hear they're wrong. Flat hierarchies have their own failure mode: no one clear owner when a decision needs to move fast. But that's a slower company. A founder nobody will correct is a blind one. Which structure would catch your worst mistake faster: a room full of people on a first-name basis with you, or a room built entirely around your own conviction?
On LinkedIn →

August 8, 2026

Ask a founder about their competitor and they'll talk for 10 minutes. Ask about their own customer's biggest complaint, and the room goes quiet.

Most founders can recite a competitor's pricing changes, their last feature launch, their latest hire from a rival. That information is public, easy to gather, and feels like strategy. It's not. Watching a competitor tells you what someone else decided to do. It tells you nothing about whether your own customer is satisfied. The question that separates the two is simple: what is the one thing your customers complain about most, in their own words. Most founders give a guess dressed up as an answer. The ones who know it word for word, without checking a survey first, are the ones whose businesses are usually in better shape than their competitor analysis would suggest. You can't fix positioning for a customer you can't describe. Competitor research is homework. Knowing your own customer's complaint by heart is the job. Could you say your customer's biggest complaint right now, in one sentence, without checking anything?Read more
Most founders can recite a competitor's pricing changes, their last feature launch, their latest hire from a rival. That information is public, easy to gather, and feels like strategy. It's not. Watching a competitor tells you what someone else decided to do. It tells you nothing about whether your own customer is satisfied. The question that separates the two is simple: what is the one thing your customers complain about most, in their own words. Most founders give a guess dressed up as an answer. The ones who know it word for word, without checking a survey first, are the ones whose businesses are usually in better shape than their competitor analysis would suggest. You can't fix positioning for a customer you can't describe. Competitor research is homework. Knowing your own customer's complaint by heart is the job. Could you say your customer's biggest complaint right now, in one sentence, without checking anything?
On LinkedIn →

August 7, 2026

Growing revenue feels like proof your business works. Most of the time it's proof nobody's checked the math yet.

A business can grow its top line for years while losing money on every single customer it adds. Nobody notices at $50,000 a month. At $500,000 a month, the same broken unit economics are still there, just multiplied by 10 and funded by whatever capital is left in the bank. Growth doesn't fix a business model that loses money per customer. It scales it. The founders who catch this early ask one uncomfortable question before they ask how to grow faster: if I stopped adding customers today, would this business be profitable on the ones I already have. Most founders skip that question because the top-line chart looks good enough to keep everyone, including themselves, from asking it. Revenue growth buys you time. It doesn't buy you a business model. Eventually someone runs the actual math, and growth stops being able to hide the answer. What would your unit economics look like if you had to stop acquiring new customers tomorrow?Read more
A business can grow its top line for years while losing money on every single customer it adds. Nobody notices at $50,000 a month. At $500,000 a month, the same broken unit economics are still there, just multiplied by 10 and funded by whatever capital is left in the bank. Growth doesn't fix a business model that loses money per customer. It scales it. The founders who catch this early ask one uncomfortable question before they ask how to grow faster: if I stopped adding customers today, would this business be profitable on the ones I already have. Most founders skip that question because the top-line chart looks good enough to keep everyone, including themselves, from asking it. Revenue growth buys you time. It doesn't buy you a business model. Eventually someone runs the actual math, and growth stops being able to hide the answer. What would your unit economics look like if you had to stop acquiring new customers tomorrow?
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August 6, 2026

Most clients don't hire a consultant for strategy. They hire one for permission.

Most of the time, a client has already decided what they're going to do before the first call. The org chart is drawn. The vendor is picked. The pivot is planned. What they're looking for isn't a new answer. It's a credible outside voice to agree with them in the room, in front of the board, the co-founder, or their own doubt. The real job in a first meeting is figuring out which one you're dealing with: someone who wants an answer, or someone who wants a witness. Give a witness a real answer that contradicts the decision they've already made, and the engagement gets awkward fast. Give a decision-seeker a rubber stamp, and you've just been paid to make a bad call look researched. The clients worth the fee are the ones willing to hear the difference. The rest just want the invoice to say strategy on it. How do you tell, in the first meeting, whether someone wants the answer or just wants company on the way to the one they already picked?Read more
Most of the time, a client has already decided what they're going to do before the first call. The org chart is drawn. The vendor is picked. The pivot is planned. What they're looking for isn't a new answer. It's a credible outside voice to agree with them in the room, in front of the board, the co-founder, or their own doubt. The real job in a first meeting is figuring out which one you're dealing with: someone who wants an answer, or someone who wants a witness. Give a witness a real answer that contradicts the decision they've already made, and the engagement gets awkward fast. Give a decision-seeker a rubber stamp, and you've just been paid to make a bad call look researched. The clients worth the fee are the ones willing to hear the difference. The rest just want the invoice to say strategy on it. How do you tell, in the first meeting, whether someone wants the answer or just wants company on the way to the one they already picked?
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August 5, 2026

Most founders say they want honest feedback. The first real no proves most of them don't.

A no on a sales call or a demo is a customer telling you exactly where your pitch, your price, or your product stopped matching what they actually need. That's not a verdict on the business. It's a diagnosis, delivered for free, by someone who had no reason to give it to you. Watch what actually happens instead. The founder gets defensive, argues the point, or thanks the person and moves straight to the next lead. Either way, the most useful sentence in the whole call goes unasked: what would have made this a yes. What almost worked. Where did I lose you. That question is uncomfortable, which is exactly why most founders skip it. Rejection ends the conversation. Data changes the next pitch. Wanting feedback and being able to sit through it are two different skills, and most people who claim the first one don't actually have the second. What's a no you got that you didn't ask a single follow-up question about, and wish you had?Read more
A no on a sales call or a demo is a customer telling you exactly where your pitch, your price, or your product stopped matching what they actually need. That's not a verdict on the business. It's a diagnosis, delivered for free, by someone who had no reason to give it to you. Watch what actually happens instead. The founder gets defensive, argues the point, or thanks the person and moves straight to the next lead. Either way, the most useful sentence in the whole call goes unasked: what would have made this a yes. What almost worked. Where did I lose you. That question is uncomfortable, which is exactly why most founders skip it. Rejection ends the conversation. Data changes the next pitch. Wanting feedback and being able to sit through it are two different skills, and most people who claim the first one don't actually have the second. What's a no you got that you didn't ask a single follow-up question about, and wish you had?
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August 4, 2026

Silicon Valley's motto for a decade was move fast and break things. Sweden's approach is the opposite. It's not the weaker one.

In Sweden, a decision doesn't move until the people who have to live with it have weighed in. No single founder or executive calls it and expects everyone to fall in line. From the outside that reads as friction. From the inside, it's a filter. Every objection that surfaces before a decision ships is one you don't have to discover after you've spent money on it. Move fast and break things assumes the breaking happens somewhere cheap. It doesn't. It happens in the market, with real customers and real capital, and you find out what broke after the fact. The Swedish instinct is to catch the flaw in the room, before it costs anything. Neither approach is free. Consensus culture can drag a genuinely good, time-sensitive call past its window. Speed culture can ship a bad call at scale before anyone with the right objection gets a say. The real skill isn't picking one culture's pace. It's knowing which decisions in your business need the filter and which ones just need someone to move. What's a decision you made fast that would have been better if one more person in the room had pushed back first?Read more
In Sweden, a decision doesn't move until the people who have to live with it have weighed in. No single founder or executive calls it and expects everyone to fall in line. From the outside that reads as friction. From the inside, it's a filter. Every objection that surfaces before a decision ships is one you don't have to discover after you've spent money on it. Move fast and break things assumes the breaking happens somewhere cheap. It doesn't. It happens in the market, with real customers and real capital, and you find out what broke after the fact. The Swedish instinct is to catch the flaw in the room, before it costs anything. Neither approach is free. Consensus culture can drag a genuinely good, time-sensitive call past its window. Speed culture can ship a bad call at scale before anyone with the right objection gets a say. The real skill isn't picking one culture's pace. It's knowing which decisions in your business need the filter and which ones just need someone to move. What's a decision you made fast that would have been better if one more person in the room had pushed back first?
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August 3, 2026

Silicon Valley celebrates the failed founder. Sweden barely tolerates the failed one.

Teaching entrepreneurship at KTH puts me in the middle of this tension every semester. American startup culture treats a failed company as a credential, proof you were willing to take the swing. Scandinavian culture, shaped by decades of a strong safety net and a flatter social structure, treats the same failure with more quiet suspicion. Why didn't you just take the secure job? Neither instinct is wrong. The safety net that makes Swedish founders more risk-averse also means nobody here is one bad quarter away from losing healthcare. The risk tolerance that fuels Silicon Valley also produces a graveyard of companies that should have died faster and a culture that sometimes confuses recklessness with courage. What Sweden actually has, and undersells, isn't risk-taking. It's a different kind of staying power, built on lower personal downside, that lets founders make patient decisions American founders under real financial pressure often can't afford to make. The mistake is importing Silicon Valley's risk culture wholesale into a market with a completely different safety net underneath it. The advantage isn't copying American boldness. It's knowing exactly which parts of that culture your own system can actually support. If you've built in both environments, what's the one instinct from the other culture you had to unlearn?Read more
Teaching entrepreneurship at KTH puts me in the middle of this tension every semester. American startup culture treats a failed company as a credential, proof you were willing to take the swing. Scandinavian culture, shaped by decades of a strong safety net and a flatter social structure, treats the same failure with more quiet suspicion. Why didn't you just take the secure job? Neither instinct is wrong. The safety net that makes Swedish founders more risk-averse also means nobody here is one bad quarter away from losing healthcare. The risk tolerance that fuels Silicon Valley also produces a graveyard of companies that should have died faster and a culture that sometimes confuses recklessness with courage. What Sweden actually has, and undersells, isn't risk-taking. It's a different kind of staying power, built on lower personal downside, that lets founders make patient decisions American founders under real financial pressure often can't afford to make. The mistake is importing Silicon Valley's risk culture wholesale into a market with a completely different safety net underneath it. The advantage isn't copying American boldness. It's knowing exactly which parts of that culture your own system can actually support. If you've built in both environments, what's the one instinct from the other culture you had to unlearn?
On LinkedIn →

August 2, 2026

You don't need another framework. You need to finally choose one path and kill the rest.

A framework tells you what questions to ask. A strategy answers them for your specific business, in your specific market, against your specific competitors, this quarter. I've sat across from founders who could recite a framework perfectly and still couldn't tell me what their company was actually going to do differently next month because of it. This is the most common gap I see walking into a consulting engagement. Not a lack of knowledge. A lack of translation from the general model to the specific decision in front of them. The framework becomes a way to sound strategic without having to commit to an actual choice, because choices can be wrong and frameworks can't. A real strategy says no to things. It picks a customer over another customer, a channel over another channel, a bet over the safer alternative. If your strategy doesn't rule anything out, it's not a strategy. It's a framework wearing a strategy's clothes. What's something your business said no to on purpose, and what did that no make possible?Read more
A framework tells you what questions to ask. A strategy answers them for your specific business, in your specific market, against your specific competitors, this quarter. I've sat across from founders who could recite a framework perfectly and still couldn't tell me what their company was actually going to do differently next month because of it. This is the most common gap I see walking into a consulting engagement. Not a lack of knowledge. A lack of translation from the general model to the specific decision in front of them. The framework becomes a way to sound strategic without having to commit to an actual choice, because choices can be wrong and frameworks can't. A real strategy says no to things. It picks a customer over another customer, a channel over another channel, a bet over the safer alternative. If your strategy doesn't rule anything out, it's not a strategy. It's a framework wearing a strategy's clothes. What's something your business said no to on purpose, and what did that no make possible?
On LinkedIn →

August 1, 2026

I can spot your blind spot before you finish the sentence. I still miss my own.

Every semester I tell a room full of master's students not to fall in love with their first idea, not to ignore the customer who's telling them something uncomfortable, not to confuse activity with progress. Every semester, somewhere in my own work, I catch myself doing exactly that. Knowing a mistake and not making it are two different skills. Teaching sharpens the first one. It does very little for the second. I can diagnose a founder's blind spot in a case study in about ninety seconds. My own blind spots take considerably longer, because I'm inside them the same way every founder I've ever critiqued was inside theirs. I used to think expertise meant you'd graduated past the mistakes. It doesn't. It means you recognize them faster once you're already in one. The value isn't immunity. It's a shorter distance between making the mistake and admitting it. What's a mistake you know how to spot in others but still catch yourself making?Read more
Every semester I tell a room full of master's students not to fall in love with their first idea, not to ignore the customer who's telling them something uncomfortable, not to confuse activity with progress. Every semester, somewhere in my own work, I catch myself doing exactly that. Knowing a mistake and not making it are two different skills. Teaching sharpens the first one. It does very little for the second. I can diagnose a founder's blind spot in a case study in about ninety seconds. My own blind spots take considerably longer, because I'm inside them the same way every founder I've ever critiqued was inside theirs. I used to think expertise meant you'd graduated past the mistakes. It doesn't. It means you recognize them faster once you're already in one. The value isn't immunity. It's a shorter distance between making the mistake and admitting it. What's a mistake you know how to spot in others but still catch yourself making?
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July 31, 2026

I've watched entrepreneurship pitches for over 30 years. The best pitch and the best company are almost never the same one.

Every semester, one or two students walk in with a polished deck, a confident delivery, and a story that lands perfectly in the room. They usually win the pitch competition. They don't usually build the company that's still around five years later. The skill that wins a pitch competition is performance under a fixed set of conditions you control: your slides, your timing, your framing of the numbers. The skill that keeps a company alive is the opposite. It's what you do when the conditions you don't control change on you, when a customer says no for a reason you didn't anticipate, when the market moves and the deck you rehearsed stops being true. I've stopped grading pitches as a predictor of anything except the pitch itself. What I actually watch for now is how a founder responds when I push back on the one assumption they haven't stress-tested. The ones who get defensive are optimizing for the room. The ones who get curious are optimizing for the business. Thirty years in, that's still the clearest signal I have, and it has nothing to do with how good the deck looks. What's a time your polish worked against you, when a good pitch or presentation got you further than the actual substance behind it deserved?Read more
Every semester, one or two students walk in with a polished deck, a confident delivery, and a story that lands perfectly in the room. They usually win the pitch competition. They don't usually build the company that's still around five years later. The skill that wins a pitch competition is performance under a fixed set of conditions you control: your slides, your timing, your framing of the numbers. The skill that keeps a company alive is the opposite. It's what you do when the conditions you don't control change on you, when a customer says no for a reason you didn't anticipate, when the market moves and the deck you rehearsed stops being true. I've stopped grading pitches as a predictor of anything except the pitch itself. What I actually watch for now is how a founder responds when I push back on the one assumption they haven't stress-tested. The ones who get defensive are optimizing for the room. The ones who get curious are optimizing for the business. Thirty years in, that's still the clearest signal I have, and it has nothing to do with how good the deck looks. What's a time your polish worked against you, when a good pitch or presentation got you further than the actual substance behind it deserved?
On LinkedIn →

July 30, 2026

Your marketing budget is a tax you pay for an unremarkable product.

I've sat in enough strategy sessions to see the pattern: a company hits a growth wall, and the answer is almost always more marketing. Bigger budget, more channels, a rebrand. Rarely does anyone ask the harder question first: is the product actually worth talking about? An extraordinary product markets itself. It gets recommended in group chats, brought up unprompted in meetings, screenshotted and sent to a friend. None of that requires a media buy. A mediocre product needs a bigger and bigger budget every year just to maintain the same growth rate, because nothing about using it makes anyone want to mention it. This doesn't mean marketing is worthless. It means marketing works as a multiplier, not a substitute. It takes something remarkable and puts it in front of more people faster. Pointed at something forgettable, it just makes the forgettable thing more expensive to sell. Before increasing the marketing budget, I ask founders one question: if you stopped advertising tomorrow, would anyone notice your product was gone? The answer tells you what you're actually funding. What would happen to your growth if your ad spend went to zero tomorrow?Read more
I've sat in enough strategy sessions to see the pattern: a company hits a growth wall, and the answer is almost always more marketing. Bigger budget, more channels, a rebrand. Rarely does anyone ask the harder question first: is the product actually worth talking about? An extraordinary product markets itself. It gets recommended in group chats, brought up unprompted in meetings, screenshotted and sent to a friend. None of that requires a media buy. A mediocre product needs a bigger and bigger budget every year just to maintain the same growth rate, because nothing about using it makes anyone want to mention it. This doesn't mean marketing is worthless. It means marketing works as a multiplier, not a substitute. It takes something remarkable and puts it in front of more people faster. Pointed at something forgettable, it just makes the forgettable thing more expensive to sell. Before increasing the marketing budget, I ask founders one question: if you stopped advertising tomorrow, would anyone notice your product was gone? The answer tells you what you're actually funding. What would happen to your growth if your ad spend went to zero tomorrow?
On LinkedIn →

July 30, 2026

You're not avoiding choice architecture. You're doing it badly.

Federal agencies have behavioral scientists embedded specifically to redesign defaults: the order of form options, whether you're opted in or out, what happens when someone does nothing. The logic is simple. Doing nothing IS a decision, and whoever sets the default controls the outcome. Organ donation rates hit 90%+ in countries with opt-out defaults. In opt-in countries: around 15%. Same population. Same values. Entirely different behavior. Every product you build has the same dynamics. What your first screen shows. Whether onboarding requires action or happens automatically. What occurs when a user never clicks anything. Those aren't neutral design choices. They're behavioral architecture, whether you built them intentionally or not. Founders who treat this as a skill and iterate on it outperform those who treat their interface as a UX problem. Because the experiment is already running. The only variable is whether you're running it on purpose. What's 1 default in your product you've never questioned?Read more
Federal agencies have behavioral scientists embedded specifically to redesign defaults: the order of form options, whether you're opted in or out, what happens when someone does nothing. The logic is simple. Doing nothing IS a decision, and whoever sets the default controls the outcome. Organ donation rates hit 90%+ in countries with opt-out defaults. In opt-in countries: around 15%. Same population. Same values. Entirely different behavior. Every product you build has the same dynamics. What your first screen shows. Whether onboarding requires action or happens automatically. What occurs when a user never clicks anything. Those aren't neutral design choices. They're behavioral architecture, whether you built them intentionally or not. Founders who treat this as a skill and iterate on it outperform those who treat their interface as a UX problem. Because the experiment is already running. The only variable is whether you're running it on purpose. What's 1 default in your product you've never questioned?
On LinkedIn →

July 29, 2026

Print isn't dead. Original thinking is.

Every year someone announces the death of print marketing, blaming the channel for a problem that's actually about the message. A postcard nobody wants to open was never going to work, whether it landed in a mailbox or an inbox. Meanwhile, a handwritten note, a physical mailer built around one sharp idea, or a printed piece that says something nobody else in the category is saying still gets opened, still gets kept, still gets talked about. The channel isn't obsolete. Generic execution is. Digital made it cheap to reach everyone with nothing to say. That's the actual shift. It didn't kill print, it exposed how much of marketing, across every channel, was running on volume instead of a real idea. The businesses getting real results from print right now aren't nostalgic. They're using a channel with less noise to say something sharper than their competitors are saying anywhere. What's the last piece of marketing, print or otherwise, that made you stop and actually read it?Read more
Every year someone announces the death of print marketing, blaming the channel for a problem that's actually about the message. A postcard nobody wants to open was never going to work, whether it landed in a mailbox or an inbox. Meanwhile, a handwritten note, a physical mailer built around one sharp idea, or a printed piece that says something nobody else in the category is saying still gets opened, still gets kept, still gets talked about. The channel isn't obsolete. Generic execution is. Digital made it cheap to reach everyone with nothing to say. That's the actual shift. It didn't kill print, it exposed how much of marketing, across every channel, was running on volume instead of a real idea. The businesses getting real results from print right now aren't nostalgic. They're using a channel with less noise to say something sharper than their competitors are saying anywhere. What's the last piece of marketing, print or otherwise, that made you stop and actually read it?
On LinkedIn →

July 28, 2026

Founders spend six figures on ads chasing trust that word of mouth gives away for free.

Every growth deck I review leads with the same slide: ad spend, click-through rate, cost per acquisition. Referral traffic sits below the fold, almost an afterthought. That ordering tells you what the founder actually thinks built the company, and it's usually wrong. Paid acquisition can buy you a spike. It can't buy you belief. A customer who clicked an ad still has to decide, on their own, whether to trust you. A customer who showed up because a friend vouched for you already made that decision before you said a word. The algorithm treats both customers the same. Your business shouldn't. The referred customer converts faster, churns less, and tells someone else. The ad-driven customer costs you again every time you want them back. This isn't an argument against paid acquisition. It's an argument against measuring your business by the channel that's easiest to buy instead of the one that's hardest to fake. If your product isn't generating word of mouth on its own, more ad spend won't fix that. It'll just hide the problem behind a growth chart that looks healthy and isn't. What's the last product you recommended to someone without being paid or asked to?Read more
Every growth deck I review leads with the same slide: ad spend, click-through rate, cost per acquisition. Referral traffic sits below the fold, almost an afterthought. That ordering tells you what the founder actually thinks built the company, and it's usually wrong. Paid acquisition can buy you a spike. It can't buy you belief. A customer who clicked an ad still has to decide, on their own, whether to trust you. A customer who showed up because a friend vouched for you already made that decision before you said a word. The algorithm treats both customers the same. Your business shouldn't. The referred customer converts faster, churns less, and tells someone else. The ad-driven customer costs you again every time you want them back. This isn't an argument against paid acquisition. It's an argument against measuring your business by the channel that's easiest to buy instead of the one that's hardest to fake. If your product isn't generating word of mouth on its own, more ad spend won't fix that. It'll just hide the problem behind a growth chart that looks healthy and isn't. What's the last product you recommended to someone without being paid or asked to?
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July 27, 2026

Every founder has a slide for the investor meeting: growth rate, month-over-month, trending up and to the right. It's the number that gets asked about, the…

It's rarely the number that determines whether the company is still around in eighteen months. The metrics that actually predict survival are less exciting and get asked about far less often: retention, whether revenue is sticking or leaking out the bottom as fast as it comes in the top. Cash runway, in months, not in optimistic scenarios. Gross margin, once the discounts and incentives that inflated the growth number wash out. None of these make for a good slide. All of them are better predictors of whether the company exists next year than the top-line growth chart investors lean forward for. The reason this gap persists is that founders respond to the room. Investors ask about growth because growth is what they're pattern-matching against — it's the number that correlates with big outcomes in a portfolio, even though it's a weak predictor for any individual company. Founders, in turn, optimize for the number that gets asked about, because that's the number that determines whether the next round happens. It's a rational response to the incentive in front of them. It's also how a company ends up growing its way into a cash crisis, hitting every growth target on the way down. I've seen founders discover, late, that they'd been running the company on the metric that got them funded rather than the metric that would keep them alive. By the time retention numbers forced the conversation, the growth had already masked the problem for two or three quarters — acquiring new customers faster than the old ones were leaving, which looks identical to health on a top-line chart and is actually the opposite of health underneath it. The fix isn't ignoring what investors ask about. It's keeping a second dashboard — the boring one, the one nobody requests in the meeting — and treating it as the real scoreboard, even when it doesn't make it into the deck. #Entrepreneurship #StartupMetrics #Founders #BusinessStrategy #FundraisingRead more
It's rarely the number that determines whether the company is still around in eighteen months. The metrics that actually predict survival are less exciting and get asked about far less often: retention, whether revenue is sticking or leaking out the bottom as fast as it comes in the top. Cash runway, in months, not in optimistic scenarios. Gross margin, once the discounts and incentives that inflated the growth number wash out. None of these make for a good slide. All of them are better predictors of whether the company exists next year than the top-line growth chart investors lean forward for. The reason this gap persists is that founders respond to the room. Investors ask about growth because growth is what they're pattern-matching against — it's the number that correlates with big outcomes in a portfolio, even though it's a weak predictor for any individual company. Founders, in turn, optimize for the number that gets asked about, because that's the number that determines whether the next round happens. It's a rational response to the incentive in front of them. It's also how a company ends up growing its way into a cash crisis, hitting every growth target on the way down. I've seen founders discover, late, that they'd been running the company on the metric that got them funded rather than the metric that would keep them alive. By the time retention numbers forced the conversation, the growth had already masked the problem for two or three quarters — acquiring new customers faster than the old ones were leaving, which looks identical to health on a top-line chart and is actually the opposite of health underneath it. The fix isn't ignoring what investors ask about. It's keeping a second dashboard — the boring one, the one nobody requests in the meeting — and treating it as the real scoreboard, even when it doesn't make it into the deck. #Entrepreneurship #StartupMetrics #Founders #BusinessStrategy #Fundraising
On LinkedIn →

July 26, 2026

Radical transparency has become one of those founder virtues nobody questions. Share the burn rate. Share the churn numbers. Share the fact that this…

Up to a point, that's true. Past that point, something else starts happening, and most founders don't notice it because it looks the same from the outside — openness, honesty, no secrets. What's actually happening past that point is the founder outsourcing their own anxiety to a team that has no ability to act on it. Sharing that this quarter's numbers are ugly is useful if there's a specific thing the team can do differently. Sharing every half-formed worry about the numbers, every unresolved fear about runway, every doubt the founder is still working through internally, doesn't inform the team. It just hands them the founder's unprocessed anxiety and calls it culture. I've watched this play out with founders who pride themselves on openness. The all-hands meetings get heavier, not lighter, over time. People start reading tone instead of content, trying to gauge how worried they should be from the founder's face rather than from anything specific in the update. Productivity doesn't go up because everyone "knows what's really going on." It goes down, because now the team is managing two problems: the actual work, and the founder's emotional state, projected onto every update. The distinction that matters is between information the team can act on and information that's really the founder processing their own fear out loud in a room full of employees. A rough quarter, framed with what needs to change, is transparency. The same rough quarter, framed as an open question about whether the company will make it, is the founder's therapy session with the wrong audience. Real trust isn't built by sharing everything. It's built by sharing what's true, in a form the team can actually use — and doing the harder work of processing the rest somewhere else, with a co-founder, an advisor, a peer group, before it reaches the team as an unfiltered download. #Entrepreneurship #Leadership #FounderMindset #CompanyCulture #BusinessStrategyRead more
Up to a point, that's true. Past that point, something else starts happening, and most founders don't notice it because it looks the same from the outside — openness, honesty, no secrets. What's actually happening past that point is the founder outsourcing their own anxiety to a team that has no ability to act on it. Sharing that this quarter's numbers are ugly is useful if there's a specific thing the team can do differently. Sharing every half-formed worry about the numbers, every unresolved fear about runway, every doubt the founder is still working through internally, doesn't inform the team. It just hands them the founder's unprocessed anxiety and calls it culture. I've watched this play out with founders who pride themselves on openness. The all-hands meetings get heavier, not lighter, over time. People start reading tone instead of content, trying to gauge how worried they should be from the founder's face rather than from anything specific in the update. Productivity doesn't go up because everyone "knows what's really going on." It goes down, because now the team is managing two problems: the actual work, and the founder's emotional state, projected onto every update. The distinction that matters is between information the team can act on and information that's really the founder processing their own fear out loud in a room full of employees. A rough quarter, framed with what needs to change, is transparency. The same rough quarter, framed as an open question about whether the company will make it, is the founder's therapy session with the wrong audience. Real trust isn't built by sharing everything. It's built by sharing what's true, in a form the team can actually use — and doing the harder work of processing the rest somewhere else, with a co-founder, an advisor, a peer group, before it reaches the team as an unfiltered download. #Entrepreneurship #Leadership #FounderMindset #CompanyCulture #BusinessStrategy
On LinkedIn →

July 25, 2026

Under Swedish law, an employer can't announce a major restructuring — layoffs, a big org change, closing a business unit — without first sitting down and…

Most founders hear that and assume it's a drag on speed. A legally mandated pause, built into a process that's supposed to move fast. Bureaucracy with a Scandinavian accent. What I've found looking at how this actually plays out is closer to the opposite. The mandatory negotiation isn't a delay tacked onto a good decision. It's a forcing function that catches bad ones before they become expensive. Here's the mechanism: when a founder or executive team has to explain a restructuring plan out loud, to people who will push back with specifics, weak logic gets exposed early. Which teams are actually redundant versus which ones just look redundant on an org chart. Whether the timeline is realistic or optimistic. Whether the plan solves the actual problem or just moves the org chart around. A plan that sounds airtight in a closed room with people who already agree with you sounds very different in a room with people obligated to find the holes in it. Compare that to how restructuring usually goes in companies without that requirement: a small group decides, announces, and finds out what they got wrong only after the layoffs happen, the wrong people leave, the remaining team is confused about priorities, and the plan has to be revised anyway — but now with damaged trust and higher cost. The union negotiation doesn't guarantee a good decision. It guarantees the decision gets stress-tested by people with different incentives before it's irreversible. That's a version of the same thing good boards, red teams, and pre-mortems are supposed to do, except it's mandatory instead of optional — which matters, because the plans that most need scrutiny are exactly the ones a founder is least likely to volunteer for scrutiny. You don't need a union to build this in. You need to force your own version of the mandatory pause: identify who in your company has the standing and the incentive to tell you your plan is wrong, and put the plan in front of them before it's final, not after. #Entrepreneurship #Leadership #Sweden #OrganizationalDesign #BusinessStrategyRead more
Most founders hear that and assume it's a drag on speed. A legally mandated pause, built into a process that's supposed to move fast. Bureaucracy with a Scandinavian accent. What I've found looking at how this actually plays out is closer to the opposite. The mandatory negotiation isn't a delay tacked onto a good decision. It's a forcing function that catches bad ones before they become expensive. Here's the mechanism: when a founder or executive team has to explain a restructuring plan out loud, to people who will push back with specifics, weak logic gets exposed early. Which teams are actually redundant versus which ones just look redundant on an org chart. Whether the timeline is realistic or optimistic. Whether the plan solves the actual problem or just moves the org chart around. A plan that sounds airtight in a closed room with people who already agree with you sounds very different in a room with people obligated to find the holes in it. Compare that to how restructuring usually goes in companies without that requirement: a small group decides, announces, and finds out what they got wrong only after the layoffs happen, the wrong people leave, the remaining team is confused about priorities, and the plan has to be revised anyway — but now with damaged trust and higher cost. The union negotiation doesn't guarantee a good decision. It guarantees the decision gets stress-tested by people with different incentives before it's irreversible. That's a version of the same thing good boards, red teams, and pre-mortems are supposed to do, except it's mandatory instead of optional — which matters, because the plans that most need scrutiny are exactly the ones a founder is least likely to volunteer for scrutiny. You don't need a union to build this in. You need to force your own version of the mandatory pause: identify who in your company has the standing and the incentive to tell you your plan is wrong, and put the plan in front of them before it's final, not after. #Entrepreneurship #Leadership #Sweden #OrganizationalDesign #BusinessStrategy
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July 24, 2026

Every pitch deck has a market-size slide. TAM, SAM, SOM — a chart proving the opportunity is big enough to justify the bet. Founders spend weeks getting…

What the market-size slide doesn't do is predict which startups actually survive. I've looked at enough founder journeys to notice the pattern: two companies enter a similarly sized market. One folds within two years. The other becomes the category leader. The market size was the same. The difference wasn't funding, and it usually wasn't even the original idea. It was how fast each founder updated their beliefs when the evidence said the current plan wasn't working. The founder who survives isn't the one who picked the biggest market. It's the one who noticed, faster than their competitor, that the initial customer segment was wrong, or the pricing model was upside down, or the feature everyone assumed was the hook nobody actually wanted — and moved before the runway forced the decision for them. This is uncomfortable because it means the slide investors love isn't the variable that matters most. A founder can nail the market-size math and still lose, because a big market doesn't protect you from being slow to notice you're wrong. And a founder in a market that looked too small on paper can win, because the willingness to keep re-testing the plan eventually finds the real opportunity inside it — the one that wasn't visible from the original TAM slide at all. There's a specific failure mode I see in founders with big, well-funded markets: the size itself becomes a reason to stay the course. "The market is huge, we just need to execute better." That sentence has justified more slow deaths than almost any other founder belief. Execution isn't usually the problem. The plan being wrong is, and a big market gives founders more runway to avoid admitting it. If you're evaluating your own company right now, the market-size slide is worth less than an honest answer to a harder question: in the last quarter, what did you actually change your mind about, based on evidence rather than optimism? If the answer is nothing, that's a bigger risk than any number on the TAM slide. #Entrepreneurship #StartupStrategy #Founders #ProductMarketFit #BusinessStrategyRead more
What the market-size slide doesn't do is predict which startups actually survive. I've looked at enough founder journeys to notice the pattern: two companies enter a similarly sized market. One folds within two years. The other becomes the category leader. The market size was the same. The difference wasn't funding, and it usually wasn't even the original idea. It was how fast each founder updated their beliefs when the evidence said the current plan wasn't working. The founder who survives isn't the one who picked the biggest market. It's the one who noticed, faster than their competitor, that the initial customer segment was wrong, or the pricing model was upside down, or the feature everyone assumed was the hook nobody actually wanted — and moved before the runway forced the decision for them. This is uncomfortable because it means the slide investors love isn't the variable that matters most. A founder can nail the market-size math and still lose, because a big market doesn't protect you from being slow to notice you're wrong. And a founder in a market that looked too small on paper can win, because the willingness to keep re-testing the plan eventually finds the real opportunity inside it — the one that wasn't visible from the original TAM slide at all. There's a specific failure mode I see in founders with big, well-funded markets: the size itself becomes a reason to stay the course. "The market is huge, we just need to execute better." That sentence has justified more slow deaths than almost any other founder belief. Execution isn't usually the problem. The plan being wrong is, and a big market gives founders more runway to avoid admitting it. If you're evaluating your own company right now, the market-size slide is worth less than an honest answer to a harder question: in the last quarter, what did you actually change your mind about, based on evidence rather than optimism? If the answer is nothing, that's a bigger risk than any number on the TAM slide. #Entrepreneurship #StartupStrategy #Founders #ProductMarketFit #BusinessStrategy
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July 23, 2026

Most founders describe burnout as working too many hours. That's rarely the actual mechanism.

What's usually happening is something more specific: the founder is doing five different jobs in a single day, and only one or two of them line up with anything they're actually good at. Closing a sale, then debugging a billing issue, then interviewing a candidate, then writing ad copy, then approving expense reports. Each task is manageable on its own. Stacked together, they produce a specific kind of exhaustion that has nothing to do with hours worked and everything to do with constant context-switching between roles the founder never trained for and often doesn't enjoy. Hour-for-hour, a founder spending ten hours a day on the two or three things they're genuinely skilled at — sales conversations, product decisions, whatever it is — tends to hold up fine. The same ten hours split across five mismatched roles wears a person down at a completely different rate. It's not the hours. It's the whiplash. This matters because founders usually respond to burnout with the wrong fix. They try to work fewer hours, protect a weekend, take a real vacation — all reasonable, none of it addressing the actual cause. The exhaustion comes back within a few weeks because the job hasn't changed. Still five roles. Still no fit. The fix that actually works is uncomfortable in a different way: naming which of those five roles are keeping the founder up at night for the wrong reasons, and giving them away — to a hire, a contractor, a piece of software, anything — even when the founder is technically capable of doing them. Capable and suited are not the same thing. Most founders can do bookkeeping. Almost none of them should still be the one doing it eighteen months into growth. The diagnostic question is simple: of everything currently on your plate, which parts would you keep doing even if money weren't a factor? That's the shortlist of things worth protecting. Everything else is a candidate for someone else, and it's usually the accumulation of that everything else, not the hours themselves, driving the burnout. I've seen founders solve what looked like an unsustainable workload without cutting a single hour — just by handing off the two or three roles that were never a match. The hours stayed the same. The exhaustion didn't. #Entrepreneurship #FounderBurnout #Leadership #Productivity #StartupLifeRead more
What's usually happening is something more specific: the founder is doing five different jobs in a single day, and only one or two of them line up with anything they're actually good at. Closing a sale, then debugging a billing issue, then interviewing a candidate, then writing ad copy, then approving expense reports. Each task is manageable on its own. Stacked together, they produce a specific kind of exhaustion that has nothing to do with hours worked and everything to do with constant context-switching between roles the founder never trained for and often doesn't enjoy. Hour-for-hour, a founder spending ten hours a day on the two or three things they're genuinely skilled at — sales conversations, product decisions, whatever it is — tends to hold up fine. The same ten hours split across five mismatched roles wears a person down at a completely different rate. It's not the hours. It's the whiplash. This matters because founders usually respond to burnout with the wrong fix. They try to work fewer hours, protect a weekend, take a real vacation — all reasonable, none of it addressing the actual cause. The exhaustion comes back within a few weeks because the job hasn't changed. Still five roles. Still no fit. The fix that actually works is uncomfortable in a different way: naming which of those five roles are keeping the founder up at night for the wrong reasons, and giving them away — to a hire, a contractor, a piece of software, anything — even when the founder is technically capable of doing them. Capable and suited are not the same thing. Most founders can do bookkeeping. Almost none of them should still be the one doing it eighteen months into growth. The diagnostic question is simple: of everything currently on your plate, which parts would you keep doing even if money weren't a factor? That's the shortlist of things worth protecting. Everything else is a candidate for someone else, and it's usually the accumulation of that everything else, not the hours themselves, driving the burnout. I've seen founders solve what looked like an unsustainable workload without cutting a single hour — just by handing off the two or three roles that were never a match. The hours stayed the same. The exhaustion didn't. #Entrepreneurship #FounderBurnout #Leadership #Productivity #StartupLife
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July 22, 2026

Every adult in Sweden can look up what you earned last year. Not a guess based on your title or LinkedIn headline — the actual number, pulled straight from…

Most founders I talk to assume that would create constant friction. Awkward conversations. Employees comparing paychecks and demanding raises on the spot. Comp season turning into a minefield. It works the other way. When pay is visible by default, the thing that actually drives resentment — not knowing, and assuming the worst — disappears. Employees aren't guessing whether they're underpaid relative to a coworker doing the same job. They know. And in most cases, knowing settles the question faster and with less drama than not knowing ever did. I've looked at how this plays out inside Swedish companies, and the pattern holds up: workplaces operating under public-salary norms see less pay-related turnover, not more. The secrecy most US companies treat as a retention strategy is often doing the opposite — it's just delaying the moment an employee finds out they're underpaid, usually from a recruiter instead of from you. There's a deeper point here about what actually creates negotiating leverage. Founders assume information asymmetry is power — that keeping salary bands private gives them room to pay unevenly and quietly. What it actually creates is exposure. The unevenness doesn't go away because it's hidden. It just surfaces later, more expensively, after someone's already updated their resume. Compare that to companies — Swedish or not — that publish salary bands internally, or get close to it. The negotiations that happen inside that system are less about leverage and more about fit: is this role scoped correctly, is this person progressing the way the band assumes. That's a healthier negotiation than one built on someone not knowing what the person next to them makes. None of this means you need Sweden's exact system to get the benefit. It means the instinct to protect pay secrecy as a competitive advantage deserves a second look. The advantage founders think they're protecting — flexibility, leverage, the ability to pay unevenly without anyone noticing — is usually smaller than the cost of an employee finding out the hard way. If you're scaling a team right now, the useful question isn't whether to go fully public with salaries. It's whether your current secrecy is actually buying you anything, or just delaying a conversation you're going to have anyway — on worse terms, later. #Entrepreneurship #Leadership #CompensationStrategy #Sweden #BusinessStrategyRead more
Most founders I talk to assume that would create constant friction. Awkward conversations. Employees comparing paychecks and demanding raises on the spot. Comp season turning into a minefield. It works the other way. When pay is visible by default, the thing that actually drives resentment — not knowing, and assuming the worst — disappears. Employees aren't guessing whether they're underpaid relative to a coworker doing the same job. They know. And in most cases, knowing settles the question faster and with less drama than not knowing ever did. I've looked at how this plays out inside Swedish companies, and the pattern holds up: workplaces operating under public-salary norms see less pay-related turnover, not more. The secrecy most US companies treat as a retention strategy is often doing the opposite — it's just delaying the moment an employee finds out they're underpaid, usually from a recruiter instead of from you. There's a deeper point here about what actually creates negotiating leverage. Founders assume information asymmetry is power — that keeping salary bands private gives them room to pay unevenly and quietly. What it actually creates is exposure. The unevenness doesn't go away because it's hidden. It just surfaces later, more expensively, after someone's already updated their resume. Compare that to companies — Swedish or not — that publish salary bands internally, or get close to it. The negotiations that happen inside that system are less about leverage and more about fit: is this role scoped correctly, is this person progressing the way the band assumes. That's a healthier negotiation than one built on someone not knowing what the person next to them makes. None of this means you need Sweden's exact system to get the benefit. It means the instinct to protect pay secrecy as a competitive advantage deserves a second look. The advantage founders think they're protecting — flexibility, leverage, the ability to pay unevenly without anyone noticing — is usually smaller than the cost of an employee finding out the hard way. If you're scaling a team right now, the useful question isn't whether to go fully public with salaries. It's whether your current secrecy is actually buying you anything, or just delaying a conversation you're going to have anyway — on worse terms, later. #Entrepreneurship #Leadership #CompensationStrategy #Sweden #BusinessStrategy
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July 21, 2026

A founder hires a VP of Sales because deals aren't closing.

Six months later, deals still aren't closing. Now there's also a $220K base salary plus commission attached to that problem. This is one of the most expensive mistakes I see founders make, and it rarely gets talked about because on paper it looks like maturity. "We're finally building out the leadership team." Boards love it. Investors ask for it by name in board decks. But here's what actually happens in a meaningful share of these hires: the founder brings in someone senior to solve a problem that isn't a skills gap. It's a founder-shaped gap. Deals aren't closing because the founder hasn't nailed the value proposition, or hasn't built the muscle of asking for the close directly. A VP of Sales can't fix that — they scale a motion that already works. If the motion doesn't exist yet, you haven't hired a fixer. You've hired an expensive person to watch the same problem happen, with better vocabulary for the next board meeting. Same pattern with a Head of Product hired because the roadmap keeps drifting. If it drifts because the founder can't say no to big customers' requests, a Head of Product with fifteen years of experience hits the same wall. They'll just take longer to figure out the wall is the founder, not the process. The tell is almost always the same: the hire's first 90 days go to confused deference. They ask smart questions. They propose a framework. It doesn't stick, because the founder — often without realizing it — keeps making the exact decisions they hired someone to make. Nobody's wrong here. The org chart just says something reality doesn't support yet. There's a useful diagnostic question before any senior hire: is this a skills problem or a founder-behavior problem? If a highly competent stranger walked in tomorrow with full authority, would the actual constraint disappear? If the honest answer is "no, because I'd still be the one making the calls that matter," the hire won't fix it. It'll just add a salary line to a problem that was always about the founder's own habits and unwillingness to let go. This doesn't mean senior hires are bad. The founders who get the most out of one have usually already done the uncomfortable work themselves — closed the first fifty deals, lived with a hundred bad roadmap calls — and are now hiring someone to make a working motion repeatable at a scale they can't personally sustain. That's a real handoff. What I'm describing is different: hiring someone senior instead of doing the founder-level work first, hoping the title does the job the founder hasn't done yet. If you're about to make a senior hire because something isn't working, spend a week asking what specifically isn't working, and whether the answer points at a process gap or at you. Less flattering question. Also the one that saves the $220K. #Entrepreneurship #Leadership #StartupAdvice #Founders #BusinessStrategyRead more
Six months later, deals still aren't closing. Now there's also a $220K base salary plus commission attached to that problem. This is one of the most expensive mistakes I see founders make, and it rarely gets talked about because on paper it looks like maturity. "We're finally building out the leadership team." Boards love it. Investors ask for it by name in board decks. But here's what actually happens in a meaningful share of these hires: the founder brings in someone senior to solve a problem that isn't a skills gap. It's a founder-shaped gap. Deals aren't closing because the founder hasn't nailed the value proposition, or hasn't built the muscle of asking for the close directly. A VP of Sales can't fix that — they scale a motion that already works. If the motion doesn't exist yet, you haven't hired a fixer. You've hired an expensive person to watch the same problem happen, with better vocabulary for the next board meeting. Same pattern with a Head of Product hired because the roadmap keeps drifting. If it drifts because the founder can't say no to big customers' requests, a Head of Product with fifteen years of experience hits the same wall. They'll just take longer to figure out the wall is the founder, not the process. The tell is almost always the same: the hire's first 90 days go to confused deference. They ask smart questions. They propose a framework. It doesn't stick, because the founder — often without realizing it — keeps making the exact decisions they hired someone to make. Nobody's wrong here. The org chart just says something reality doesn't support yet. There's a useful diagnostic question before any senior hire: is this a skills problem or a founder-behavior problem? If a highly competent stranger walked in tomorrow with full authority, would the actual constraint disappear? If the honest answer is "no, because I'd still be the one making the calls that matter," the hire won't fix it. It'll just add a salary line to a problem that was always about the founder's own habits and unwillingness to let go. This doesn't mean senior hires are bad. The founders who get the most out of one have usually already done the uncomfortable work themselves — closed the first fifty deals, lived with a hundred bad roadmap calls — and are now hiring someone to make a working motion repeatable at a scale they can't personally sustain. That's a real handoff. What I'm describing is different: hiring someone senior instead of doing the founder-level work first, hoping the title does the job the founder hasn't done yet. If you're about to make a senior hire because something isn't working, spend a week asking what specifically isn't working, and whether the answer points at a process gap or at you. Less flattering question. Also the one that saves the $220K. #Entrepreneurship #Leadership #StartupAdvice #Founders #BusinessStrategy
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July 20, 2026

1,863 people across 40 countries were asked one question:

How did you actually learn to use AI? 70% downloaded the tools and experimented. 64% watched online videos. 30% asked a friend. 3% took a university course. Three percent. I teach entrepreneurship in Europe, and this pattern doesn't respect borders — that survey ran across 40 countries. So let me say the uncomfortable part plainly: 77% of employers now expect new hires to arrive with hands-on AI experience. 58% say universities aren't building it. We are not losing that argument on quality. We're losing it on method. And it isn't only us. 96% of CMOs say AI is transforming their function. 8% are actually running multi-agent campaigns. AACSB published an AI framework built from 48 business schools. The recommended first step? "Form a task force and write a strategy." Notice what these have in common. Nobody is lying. The belief is sincere every time — and completely free. What's scarce is the second number in each pair. A task force is not a skill. A framework is not a curriculum. A conviction that AI is transformative is not a working agent in production. We keep substituting the cheap thing for the expensive one because it's legible, defensible, and produces a document. If you want to know whether your organisation has adopted AI, don't audit the strategy. Audit what shipped. — Source: CarringtonCrisp, See the Future 2026 (with EFMD), n=1,863 across 40 countries. #AI #AIinEducation #BusinessEducation #HigherEducation #Entrepreneurship #FutureOfWorkRead more
How did you actually learn to use AI? 70% downloaded the tools and experimented. 64% watched online videos. 30% asked a friend. 3% took a university course. Three percent. I teach entrepreneurship in Europe, and this pattern doesn't respect borders — that survey ran across 40 countries. So let me say the uncomfortable part plainly: 77% of employers now expect new hires to arrive with hands-on AI experience. 58% say universities aren't building it. We are not losing that argument on quality. We're losing it on method. And it isn't only us. 96% of CMOs say AI is transforming their function. 8% are actually running multi-agent campaigns. AACSB published an AI framework built from 48 business schools. The recommended first step? "Form a task force and write a strategy." Notice what these have in common. Nobody is lying. The belief is sincere every time — and completely free. What's scarce is the second number in each pair. A task force is not a skill. A framework is not a curriculum. A conviction that AI is transformative is not a working agent in production. We keep substituting the cheap thing for the expensive one because it's legible, defensible, and produces a document. If you want to know whether your organisation has adopted AI, don't audit the strategy. Audit what shipped. — Source: CarringtonCrisp, See the Future 2026 (with EFMD), n=1,863 across 40 countries. #AI #AIinEducation #BusinessEducation #HigherEducation #Entrepreneurship #FutureOfWork
On LinkedIn →

July 20, 2026

Sweden has no legal minimum wage. There is no government number a founder has to check before setting a starting salary.

American founders hear that and assume it means more flexibility. Set the wage wherever the market allows, no floor imposed by Stockholm. The opposite is usually true. Wages in Sweden get set through collective bargaining between unions and employer associations, industry by industry. About 90 percent of Swedish workers are covered by a collective agreement even without individually joining a union, because employer associations sign sector-wide deals that become the de facto floor. Undercut that number publicly and you don't get a government fine. You get a labor dispute, a union blockade, or your company quietly locked out of hiring pipelines that run through union halls. A government minimum wage is a number you can look up once and forget. A collectively bargained wage floor is a live negotiation that moves with every contract cycle, and it comes with enforcement mechanisms most American founders have never had to think about: sympathy strikes, secondary boycotts, and unions that can make life difficult for a company far beyond just the workers directly affected. The founders who do well in this system are not the ones looking for the loophole. They are the ones who treat the collective agreement as a real input into their hiring model from day one, the same way they'd treat a binding contract with a major supplier. The founders who get burned are the ones who read "no minimum wage law" as "no wage floor" and find out the hard way that the actual floor is enforced by people, not paperwork. The broader lesson travels past Sweden. Every market has a real wage floor, whether it's written into statute or negotiated by people who can make enforcement personal. Confusing the absence of a law with the absence of a constraint is how founders end up in disputes that never show up in a compliance checklist. #Entrepreneurship #Leadership #Sweden #LaborRelations #FounderLessonsRead more
American founders hear that and assume it means more flexibility. Set the wage wherever the market allows, no floor imposed by Stockholm. The opposite is usually true. Wages in Sweden get set through collective bargaining between unions and employer associations, industry by industry. About 90 percent of Swedish workers are covered by a collective agreement even without individually joining a union, because employer associations sign sector-wide deals that become the de facto floor. Undercut that number publicly and you don't get a government fine. You get a labor dispute, a union blockade, or your company quietly locked out of hiring pipelines that run through union halls. A government minimum wage is a number you can look up once and forget. A collectively bargained wage floor is a live negotiation that moves with every contract cycle, and it comes with enforcement mechanisms most American founders have never had to think about: sympathy strikes, secondary boycotts, and unions that can make life difficult for a company far beyond just the workers directly affected. The founders who do well in this system are not the ones looking for the loophole. They are the ones who treat the collective agreement as a real input into their hiring model from day one, the same way they'd treat a binding contract with a major supplier. The founders who get burned are the ones who read "no minimum wage law" as "no wage floor" and find out the hard way that the actual floor is enforced by people, not paperwork. The broader lesson travels past Sweden. Every market has a real wage floor, whether it's written into statute or negotiated by people who can make enforcement personal. Confusing the absence of a law with the absence of a constraint is how founders end up in disputes that never show up in a compliance checklist. #Entrepreneurship #Leadership #Sweden #LaborRelations #FounderLessons
On LinkedIn →

July 19, 2026

In Sweden, a founder taking several months of parental leave barely raises an eyebrow. In the US, it's often read as a signal: this founder isn't serious,…

Two different assumptions are running under the surface, and only one of them holds up. The American assumption is that founder presence equals company stability, and founder absence equals risk. Follow that logic and you get a strange conclusion: a company can survive war rooms, product launches, and board fights, but not twelve weeks without its founder checking Slack. If that's true, the actual risk was never the leave. It was a company built around a single point of failure that nobody stress-tested until a baby forced the issue. Sweden's assumption runs the other way. With 480 days of shared parental leave baked into law, companies and investors don't get the option of treating founder continuity as optional. Decision rights get documented earlier. Delegation gets built into the org chart instead of staying in the founder's head. The company gets pressure-tested for exactly the kind of disruption that eventually hits every founder anyway, whether it's a baby, a health issue, or just three weeks of well-earned vacation nobody actually takes. There is a real exception. At the earliest pre-seed stage, in a two-person startup where the founder is also the entire product team, sales team, and support desk, a long absence genuinely can be existential. That risk is real and worth naming honestly. But the risk was never the leave itself. It was the absence of a plan for who covers what while it happens, and that gap exists whether the founder is out for a new baby, a medical emergency, or a long-overdue vacation. Sweden just forces founders to solve for that gap years earlier than the American system does. The question worth asking isn't whether you can afford to take the leave. It's whether your company can survive you being unreachable for a month, for any reason at all. #Leadership #Entrepreneurship #Sweden #FounderLessons #WorkLifeBalanceRead more
Two different assumptions are running under the surface, and only one of them holds up. The American assumption is that founder presence equals company stability, and founder absence equals risk. Follow that logic and you get a strange conclusion: a company can survive war rooms, product launches, and board fights, but not twelve weeks without its founder checking Slack. If that's true, the actual risk was never the leave. It was a company built around a single point of failure that nobody stress-tested until a baby forced the issue. Sweden's assumption runs the other way. With 480 days of shared parental leave baked into law, companies and investors don't get the option of treating founder continuity as optional. Decision rights get documented earlier. Delegation gets built into the org chart instead of staying in the founder's head. The company gets pressure-tested for exactly the kind of disruption that eventually hits every founder anyway, whether it's a baby, a health issue, or just three weeks of well-earned vacation nobody actually takes. There is a real exception. At the earliest pre-seed stage, in a two-person startup where the founder is also the entire product team, sales team, and support desk, a long absence genuinely can be existential. That risk is real and worth naming honestly. But the risk was never the leave itself. It was the absence of a plan for who covers what while it happens, and that gap exists whether the founder is out for a new baby, a medical emergency, or a long-overdue vacation. Sweden just forces founders to solve for that gap years earlier than the American system does. The question worth asking isn't whether you can afford to take the leave. It's whether your company can survive you being unreachable for a month, for any reason at all. #Leadership #Entrepreneurship #Sweden #FounderLessons #WorkLifeBalance
On LinkedIn →

July 18, 2026

Every founder building in or selling into Europe complains about GDPR eventually. The consent banners, the legal review before shipping a basic analytics…

The founders who treated it as a design constraint instead of a compliance tax are the ones with an advantage right now. Building with data minimization and clear consent architecture from day one is slower at first. It also means your data infrastructure is already legible: you know exactly what you collect, why, and where it lives. That sounds like paperwork until you're in an enterprise sales cycle with a bank or a hospital system, and the security questionnaire that kills half your competitors' deals is something your team can answer in an afternoon because the answers were designed in, not reconstructed under deadline. It also travels. A growing list of US states have passed privacy laws modeled in part on GDPR's architecture. Companies that never built the muscle for this are now retrofitting data practices under a deadline, discovering years of undocumented data flows, and paying lawyers to reconstruct decisions nobody wrote down. Companies that built it in from the start are mostly just extending an existing system. None of this is an argument that GDPR is fun. It is genuinely expensive to get right, and it does slow down certain features you'd ship instantly in a market with no rules. But the founders treating every privacy regulation as pure overhead are missing that compliance-by-design compounds. It becomes a sales asset, a trust signal, and a hedge against the next regulation instead of a fire drill every time one lands. The real question is not whether you can avoid the paperwork. It's whether you're building the kind of data infrastructure that makes the next regulation a formality instead of a crisis. #GDPR #DataPrivacy #Startups #Entrepreneurship #EuropeRead more
The founders who treated it as a design constraint instead of a compliance tax are the ones with an advantage right now. Building with data minimization and clear consent architecture from day one is slower at first. It also means your data infrastructure is already legible: you know exactly what you collect, why, and where it lives. That sounds like paperwork until you're in an enterprise sales cycle with a bank or a hospital system, and the security questionnaire that kills half your competitors' deals is something your team can answer in an afternoon because the answers were designed in, not reconstructed under deadline. It also travels. A growing list of US states have passed privacy laws modeled in part on GDPR's architecture. Companies that never built the muscle for this are now retrofitting data practices under a deadline, discovering years of undocumented data flows, and paying lawyers to reconstruct decisions nobody wrote down. Companies that built it in from the start are mostly just extending an existing system. None of this is an argument that GDPR is fun. It is genuinely expensive to get right, and it does slow down certain features you'd ship instantly in a market with no rules. But the founders treating every privacy regulation as pure overhead are missing that compliance-by-design compounds. It becomes a sales asset, a trust signal, and a hedge against the next regulation instead of a fire drill every time one lands. The real question is not whether you can avoid the paperwork. It's whether you're building the kind of data infrastructure that makes the next regulation a formality instead of a crisis. #GDPR #DataPrivacy #Startups #Entrepreneurship #Europe
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July 17, 2026

American VCs love calling European investors risk-averse. Slower to decide. Smaller checks. Allergic to the kind of blitzscale-first, ask-questions-later…

Look at where the money actually goes and the story gets more complicated. European venture capital is disproportionately concentrated in categories American funds treat as too risky to touch at scale: deep tech, climate hardware, biotech, defense. These are sectors with long development timelines, real technical failure risk, and none of the fast exit multiples that make a software bet forgiving. American VCs mostly stayed out of hard tech for a decade because the risk profile didn't fit the fund model. European VCs built entire funds around it. What Europe is actually averse to is a specific kind of risk: the reputational and capital risk of funding a team that burns nine figures chasing growth before finding a business model. That is a rational allergy, not a personality flaw. It comes from smaller fund sizes and a market where a blown mega-round can sink an entire fund's returns, not just one portfolio company. Call it what it is: a different risk calculus, not a lower one. European capital has been willing to underwrite technical risk and multi-year timelines that most Silicon Valley funds pass on entirely, because a decade-long biotech bet doesn't fit a fund built around a five-year return cycle. If you are a founder building something with genuine technical risk and a long runway to product-market fit, the "risk-averse" European investor might understand your business model better than the fund optimizing for the fastest possible growth curve. The label was always about speed, not risk tolerance. Confusing the two costs founders access to capital that would actually fit what they're building. #VentureCapital #Startups #Europe #Entrepreneurship #FundraisingRead more
Look at where the money actually goes and the story gets more complicated. European venture capital is disproportionately concentrated in categories American funds treat as too risky to touch at scale: deep tech, climate hardware, biotech, defense. These are sectors with long development timelines, real technical failure risk, and none of the fast exit multiples that make a software bet forgiving. American VCs mostly stayed out of hard tech for a decade because the risk profile didn't fit the fund model. European VCs built entire funds around it. What Europe is actually averse to is a specific kind of risk: the reputational and capital risk of funding a team that burns nine figures chasing growth before finding a business model. That is a rational allergy, not a personality flaw. It comes from smaller fund sizes and a market where a blown mega-round can sink an entire fund's returns, not just one portfolio company. Call it what it is: a different risk calculus, not a lower one. European capital has been willing to underwrite technical risk and multi-year timelines that most Silicon Valley funds pass on entirely, because a decade-long biotech bet doesn't fit a fund built around a five-year return cycle. If you are a founder building something with genuine technical risk and a long runway to product-market fit, the "risk-averse" European investor might understand your business model better than the fund optimizing for the fastest possible growth curve. The label was always about speed, not risk tolerance. Confusing the two costs founders access to capital that would actually fit what they're building. #VentureCapital #Startups #Europe #Entrepreneurship #Fundraising
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July 16, 2026

In 2015, a nursing home in Gothenburg cut its staff's workday from eight hours to six, with no cut in pay. The story spread everywhere as proof that shorter…

The results were real, and they were also not what either side wanted to hear. Nurses got measurably more done per hour worked. Sick leave dropped. Patient care scores went up. Staff reported better sleep and better mood, the kind of numbers that make a compelling headline. Here is the part that rarely makes the headline: the trial cost the city significantly more, because covering the same total patient hours with staff working six-hour shifts instead of eight required hiring roughly 17 additional nurses. Output per hour went up. Total output per employee went down, and someone had to pay for the gap. Gothenburg quietly declined to scale the program citywide once the two-year trial ended. Neither side gets to claim total victory here. The people who say the six-hour workday is a productivity miracle are ignoring the math: fewer hours per person still means someone has to cover the missing hours, and that costs money. The people who dismiss it as a feel-good failure are ignoring the actual data: per-hour output, retention, and care quality all genuinely improved, and those numbers matter for any business dealing with burnout and turnover. The real lesson for founders is not about the number six. It is that efficiency gains and total capacity are two different variables, and most debates about work hours collapse them into one. If your team is more productive per hour on a shorter schedule, that is real value. It does not automatically mean you can staff the same workload with fewer total hours for free. Someone still has to do the math on total capacity before you announce the policy in an all-hands. Test the efficiency claim. Then separately test whether you can actually afford the staffing math it implies. #Productivity #Leadership #Sweden #WorkplaceCulture #EntrepreneurshipRead more
The results were real, and they were also not what either side wanted to hear. Nurses got measurably more done per hour worked. Sick leave dropped. Patient care scores went up. Staff reported better sleep and better mood, the kind of numbers that make a compelling headline. Here is the part that rarely makes the headline: the trial cost the city significantly more, because covering the same total patient hours with staff working six-hour shifts instead of eight required hiring roughly 17 additional nurses. Output per hour went up. Total output per employee went down, and someone had to pay for the gap. Gothenburg quietly declined to scale the program citywide once the two-year trial ended. Neither side gets to claim total victory here. The people who say the six-hour workday is a productivity miracle are ignoring the math: fewer hours per person still means someone has to cover the missing hours, and that costs money. The people who dismiss it as a feel-good failure are ignoring the actual data: per-hour output, retention, and care quality all genuinely improved, and those numbers matter for any business dealing with burnout and turnover. The real lesson for founders is not about the number six. It is that efficiency gains and total capacity are two different variables, and most debates about work hours collapse them into one. If your team is more productive per hour on a shorter schedule, that is real value. It does not automatically mean you can staff the same workload with fewer total hours for free. Someone still has to do the math on total capacity before you announce the policy in an all-hands. Test the efficiency claim. Then separately test whether you can actually afford the staffing math it implies. #Productivity #Leadership #Sweden #WorkplaceCulture #Entrepreneurship
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July 15, 2026

There's an unwritten social code in Sweden called Jantelagen, the Law of Jante. Roughly ten rules, and every one of them boils down to the same instruction:…

An American founder reads that list and assumes it's a productivity killer. A culture that actively discourages standing out should, on paper, produce fewer risk-takers and fewer people willing to declare their idea is worth funding. Sweden has one of the highest unicorn densities per capita in Europe, trailing only Silicon Valley by some measures. Here is what actually happens. Jantelagen does not kill ambition. It redirects it. Founders here spend less energy managing a personal brand and more energy building a product that speaks for itself, because loud self-promotion reads as a violation of the code, not a marketing strategy. Teams stay flatter, because nobody is culturally permitted to act like the smartest person in the room, which means more people actually speak up before a bad decision ships. Founder blowups, the kind where an ego-driven CEO tanks a board relationship or alienates a cofounder, happen less often, because the culture has spent a lifetime training the ego down. The failure mode is real too. Jantelagen makes founders genuinely worse at two things American founders take for granted: negotiating aggressively for their own worth and self-promoting hard enough to win a Silicon Valley-style fundraising room. Swedish founders often undersell themselves in a pitch meeting where an American competitor would have already claimed to be building the next category-defining company. That gap costs real money at the term sheet. The lesson is not to import a whole cultural operating system. It's to notice what Jantelagen actually optimizes for: substance over performance, team cohesion over individual glory, product quality over personal hype. Most startup cultures could use more of that, minus the part where you're not allowed to say you're good at what you do. The real question worth asking is not whether your culture rewards ambition. It's whether it rewards the kind of ambition that builds something real, or the kind that just gets louder. #Entrepreneurship #StartupCulture #Sweden #Leadership #FounderLessonsRead more
An American founder reads that list and assumes it's a productivity killer. A culture that actively discourages standing out should, on paper, produce fewer risk-takers and fewer people willing to declare their idea is worth funding. Sweden has one of the highest unicorn densities per capita in Europe, trailing only Silicon Valley by some measures. Here is what actually happens. Jantelagen does not kill ambition. It redirects it. Founders here spend less energy managing a personal brand and more energy building a product that speaks for itself, because loud self-promotion reads as a violation of the code, not a marketing strategy. Teams stay flatter, because nobody is culturally permitted to act like the smartest person in the room, which means more people actually speak up before a bad decision ships. Founder blowups, the kind where an ego-driven CEO tanks a board relationship or alienates a cofounder, happen less often, because the culture has spent a lifetime training the ego down. The failure mode is real too. Jantelagen makes founders genuinely worse at two things American founders take for granted: negotiating aggressively for their own worth and self-promoting hard enough to win a Silicon Valley-style fundraising room. Swedish founders often undersell themselves in a pitch meeting where an American competitor would have already claimed to be building the next category-defining company. That gap costs real money at the term sheet. The lesson is not to import a whole cultural operating system. It's to notice what Jantelagen actually optimizes for: substance over performance, team cohesion over individual glory, product quality over personal hype. Most startup cultures could use more of that, minus the part where you're not allowed to say you're good at what you do. The real question worth asking is not whether your culture rewards ambition. It's whether it rewards the kind of ambition that builds something real, or the kind that just gets louder. #Entrepreneurship #StartupCulture #Sweden #Leadership #FounderLessons
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July 15, 2026

In Sweden, a company crosses roughly 25 employees and something shifts. The workforce earns the legal right to elect two representatives onto the board of…

Most American founders hear that and assume the obvious: slower meetings, watered-down decisions, a board that negotiates instead of leads. That is not what tends to happen. Boards with worker representatives catch operational problems earlier, because the people closest to the daily work are in the room before a decision ships, not after it quietly fails. A restructuring plan that looks clean on a spreadsheet gets challenged by someone who knows exactly which team it will gut. That conversation happens at the boardroom table instead of in a wave of resignations six months later. There is a real cost. Swedish law requires genuine consultation before layoffs and major restructuring, and that process is slower than a founder simply deciding alone on a Tuesday. Executives used to moving fast and asking forgiveness later find this genuinely frustrating. But on the decisions that carry long-term consequences, speed tends to improve, not shrink. Buy-in gets built into the process instead of bolted on after the fact. Fewer plans get quietly sabotaged by a workforce that was never consulted in the first place. Implementation, which is usually where American strategy actually goes to die, moves faster because the people executing the plan helped shape it. Having watched companies build on two continents, the pattern holds up: consultation feels slow in the room and fast in the market. Exclusion feels fast in the room and slow in the market, because everything skipped resurfaces later as resistance nobody budgeted for. None of this argues that every company needs elected worker board members. Most founders reading this operate in jurisdictions where that structure does not exist. But the underlying question is worth borrowing regardless of geography: who inside your company has enough proximity to the daily work to catch a bad decision before your board approves it, and do they actually have a seat, or just an open-door policy nobody uses. If the honest answer is nobody, that is not a footnote in your governance docs. That is a blind spot with a board resolution already stamped on it. #Leadership #CorporateGovernance #Entrepreneurship #Sweden #FounderLessonsRead more
Most American founders hear that and assume the obvious: slower meetings, watered-down decisions, a board that negotiates instead of leads. That is not what tends to happen. Boards with worker representatives catch operational problems earlier, because the people closest to the daily work are in the room before a decision ships, not after it quietly fails. A restructuring plan that looks clean on a spreadsheet gets challenged by someone who knows exactly which team it will gut. That conversation happens at the boardroom table instead of in a wave of resignations six months later. There is a real cost. Swedish law requires genuine consultation before layoffs and major restructuring, and that process is slower than a founder simply deciding alone on a Tuesday. Executives used to moving fast and asking forgiveness later find this genuinely frustrating. But on the decisions that carry long-term consequences, speed tends to improve, not shrink. Buy-in gets built into the process instead of bolted on after the fact. Fewer plans get quietly sabotaged by a workforce that was never consulted in the first place. Implementation, which is usually where American strategy actually goes to die, moves faster because the people executing the plan helped shape it. Having watched companies build on two continents, the pattern holds up: consultation feels slow in the room and fast in the market. Exclusion feels fast in the room and slow in the market, because everything skipped resurfaces later as resistance nobody budgeted for. None of this argues that every company needs elected worker board members. Most founders reading this operate in jurisdictions where that structure does not exist. But the underlying question is worth borrowing regardless of geography: who inside your company has enough proximity to the daily work to catch a bad decision before your board approves it, and do they actually have a seat, or just an open-door policy nobody uses. If the honest answer is nobody, that is not a footnote in your governance docs. That is a blind spot with a board resolution already stamped on it. #Leadership #CorporateGovernance #Entrepreneurship #Sweden #FounderLessons
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July 13, 2026

A UK study tracked 2,700 grocery shoppers on three everyday products: milk, eggs, canned tuna. Researchers compared what people said they'd choose in a…

That gap is the whole problem with customer interviews. Ask someone if they'd pay for something and their honest answer is often not the answer they'd act on. Interview subjects want to be helpful, especially to a founder excited about their idea, so "would you use this" gets an easy yes that flatters everyone in the room and tests nothing real. The fix is uncomfortable to run. Stop asking "would you." Start asking "tell me about the last time you had this problem, and what you actually did about it." That answer can't be a polite hypothetical, it's a report of something that already happened. Someone who calls a problem urgent but can't describe a recent attempt to solve it just gave a stronger signal than any amount of enthusiasm about the idea. The founders most likely to get burned by this aren't inexperienced. They're the ones confident enough in the interview process to never notice they're only ever probing stated preference. Rewrite every "would you" question into "tell me about the last time." Find out now that the problem isn't as urgent as hoped. It's a cheaper place to learn it than after the product ships. #CustomerDevelopment #Entrepreneurship #ProductStrategy #AskDrBrownRead more
That gap is the whole problem with customer interviews. Ask someone if they'd pay for something and their honest answer is often not the answer they'd act on. Interview subjects want to be helpful, especially to a founder excited about their idea, so "would you use this" gets an easy yes that flatters everyone in the room and tests nothing real. The fix is uncomfortable to run. Stop asking "would you." Start asking "tell me about the last time you had this problem, and what you actually did about it." That answer can't be a polite hypothetical, it's a report of something that already happened. Someone who calls a problem urgent but can't describe a recent attempt to solve it just gave a stronger signal than any amount of enthusiasm about the idea. The founders most likely to get burned by this aren't inexperienced. They're the ones confident enough in the interview process to never notice they're only ever probing stated preference. Rewrite every "would you" question into "tell me about the last time." Find out now that the problem isn't as urgent as hoped. It's a cheaper place to learn it than after the product ships. #CustomerDevelopment #Entrepreneurship #ProductStrategy #AskDrBrown
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July 12, 2026

Two founders. Same runway left. Same weak product data in front of them.

One says: we've already put eighteen months and most of the seed round in, we can't stop now. The other says: pretend the eighteen months never happened, is this still the best use of what's left. Only one of them is running an actual business decision. In 1985, researchers Hal Arkes and Catherine Blumer gave people a scenario: you've spent $100,000 on a project that's 90% done, a competitor just released something better and cheaper, do you spend the last $10,000 to finish or redirect it. Most chose to finish, purely because of how much had already gone in. This is the sunk cost fallacy, one of the most replicated findings in behavioral research. Founders run this constantly without naming it. A product line gets one more quarter, not because the data changed, but because stopping means admitting the last eighteen months produced nothing. The tell: the argument for continuing cites what's already spent instead of what continuing is expected to produce. "We've come too far to stop" is sunk cost talking. "This still beats every alternative use of the next dollar" is a real argument. Not every struggling initiative should die immediately, real turnarounds happen. The question is which one is actually deciding. #Entrepreneurship #BehavioralEconomics #DecisionMaking #AskDrBrownRead more
One says: we've already put eighteen months and most of the seed round in, we can't stop now. The other says: pretend the eighteen months never happened, is this still the best use of what's left. Only one of them is running an actual business decision. In 1985, researchers Hal Arkes and Catherine Blumer gave people a scenario: you've spent $100,000 on a project that's 90% done, a competitor just released something better and cheaper, do you spend the last $10,000 to finish or redirect it. Most chose to finish, purely because of how much had already gone in. This is the sunk cost fallacy, one of the most replicated findings in behavioral research. Founders run this constantly without naming it. A product line gets one more quarter, not because the data changed, but because stopping means admitting the last eighteen months produced nothing. The tell: the argument for continuing cites what's already spent instead of what continuing is expected to produce. "We've come too far to stop" is sunk cost talking. "This still beats every alternative use of the next dollar" is a real argument. Not every struggling initiative should die immediately, real turnarounds happen. The question is which one is actually deciding. #Entrepreneurship #BehavioralEconomics #DecisionMaking #AskDrBrown
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July 11, 2026

I've spent most of my career in Stockholm, working alongside founders operating under different cultural defaults than the ones in most startup advice. Some…

"Lagom," roughly: not too much, not too little, just enough. Applied to business, it shows up as real aversion to overclaiming. A Swedish founder describing traction will usually understate it, which builds credibility that compounds over years, because when they state a number, investors who've worked with them long enough know it's accurate. That same instinct becomes a liability the moment fundraising requires conviction about an opportunity that isn't proven yet. American fundraising rewards confidence beyond what current data technically supports, because investors are pricing a bet on the future. A founder trained to always undersell reads as less ambitious than one willing to say the bigger number, even with the same underlying judgment. Consensus driven decision making is the second pattern. Genuine input gathering produces buy in and fewer reversals. It also moves slower in a market that doesn't wait for consensus. Neither culture has this fully right. Notice which default you inherited, and ask whether it's serving the decision in front of you or just your comfort. #Entrepreneurship #GlobalBusiness #BusinessCulture #AskDrBrownRead more
"Lagom," roughly: not too much, not too little, just enough. Applied to business, it shows up as real aversion to overclaiming. A Swedish founder describing traction will usually understate it, which builds credibility that compounds over years, because when they state a number, investors who've worked with them long enough know it's accurate. That same instinct becomes a liability the moment fundraising requires conviction about an opportunity that isn't proven yet. American fundraising rewards confidence beyond what current data technically supports, because investors are pricing a bet on the future. A founder trained to always undersell reads as less ambitious than one willing to say the bigger number, even with the same underlying judgment. Consensus driven decision making is the second pattern. Genuine input gathering produces buy in and fewer reversals. It also moves slower in a market that doesn't wait for consensus. Neither culture has this fully right. Notice which default you inherited, and ask whether it's serving the decision in front of you or just your comfort. #Entrepreneurship #GlobalBusiness #BusinessCulture #AskDrBrown
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July 10, 2026

Watch for this moment in any founder meeting: someone raises a real problem with the product or the pricing, and the founder's first response is defensive…

Not because the feedback landed badly. Because somewhere along the way, the company stopped being something the founder built and started being something the founder is. This fusion makes sense early on, when the founder is the only salesperson, the only engineer, the one answering every ticket. Criticism of the product genuinely is close to criticism of the person then, there's no separation yet. The problem is this fusion doesn't dissolve on its own once the company outgrows it. The cost is recognizable. A founder who can't hear a decision was wrong keeps defending it. One who reads a hard board question as an attack starts avoiding those meetings. One who can't separate identity from performance treats every down quarter as a verdict on their worth, which makes it harder to think clearly about what needs to change. This isn't a flaw unique to certain founders, it happens to careful, self-aware people just as often. What helps is one pause before responding to hard feedback: is this true about the company, or does this mean something about me. Slow that gap down and the response fits the conversation instead of the argument the founder's identity is having with itself. #Entrepreneurship #FounderMindset #Leadership #AskDrBrownRead more
Not because the feedback landed badly. Because somewhere along the way, the company stopped being something the founder built and started being something the founder is. This fusion makes sense early on, when the founder is the only salesperson, the only engineer, the one answering every ticket. Criticism of the product genuinely is close to criticism of the person then, there's no separation yet. The problem is this fusion doesn't dissolve on its own once the company outgrows it. The cost is recognizable. A founder who can't hear a decision was wrong keeps defending it. One who reads a hard board question as an attack starts avoiding those meetings. One who can't separate identity from performance treats every down quarter as a verdict on their worth, which makes it harder to think clearly about what needs to change. This isn't a flaw unique to certain founders, it happens to careful, self-aware people just as often. What helps is one pause before responding to hard feedback: is this true about the company, or does this mean something about me. Slow that gap down and the response fits the conversation instead of the argument the founder's identity is having with itself. #Entrepreneurship #FounderMindset #Leadership #AskDrBrown
On LinkedIn →