What Derek Powazek Learned From Founding & Leaving His Startup

About a year ago Derek Powazek left 8020 Media and the beloved JPG he helped cofound. His departure is pretty well documented as a plight I can empathize with as I too walked away from a company I created from scratch. Well news came out today that 8020 is shutting down and in checking out archived blog posts from Derek, I found an interesting set of learnings when it came to helping other entrepreneurs that I thought I’d repost. Derek writes:

If it’s any help to other entrepreneurs, here’s what I’ve learned.

  1. Make no assumptions when it comes to roles and responsibilities. Like my dad says: “Someone’s gotta call quittin’ time.”
  2. Communication between partners is mandatory. And you cannot communicate with someone who is not communicating with you.
  3. Decisions aren’t decisions if you have to keep making them. Set on the course and stick to it. If you keep talking about things that have already been decided, nothing will ever get done.
  4. When someone says one thing, but acts in a contradictory way, you have a choice between believing their words or believing their deeds. Believe their deeds.
  5. Never let anyone tell you what you want. When someone says, “You don’t want that,” what they really mean is, “I don’t want you to have that.”
  6. Don’t stay where you’re not wanted, respected, or happy. Even if it’s your company.

Words to live by no doubt.

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