Here's a big list of things that don't seem to work, based on the last 20 years of running Tiny:  • Giving an advisor or advisory board fr

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2023-05-25 11:30:10

Here's a big list of things that don't seem to work, based on the last 20 years of running Tiny: • Giving an advisor or advisory board free equity to advise a CEO without putting any real skin in the game and investing their own money (they usually go "thanks for the free equity" and occasionally respond to emails) • Variable price/cost plus contracts (going over budget = vendor makes more money - natural incentive to go over budget) • Synergy between two entities, unless they are almost 100% identical and it happens naturally between the two management teams with a clear profit incentive (even then, rarely works) • Hiring people with traditional finance backgrounds—especially big corporate accounting—as

Here's a big list of things that don't seem to work, based on the last 20 years of running Tiny: • Giving an advisor or advisory board free equity to advise a CEO without putting any real skin in the game and investing their own money (they usually go "thanks for the free equity" and occasionally respond to emails) • Variable price/cost plus contracts (going over budget = vendor makes more money - natural incentive to go over budget) • Synergy between two entities, unless they are almost 100% identical and it happens naturally between the two management teams with a clear profit incentive (even then, rarely works) • Hiring people with traditional finance backgrounds—especially big corporate accounting—as

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