The Housing saga is almost settling down with the board firing Rahul Yadav, the founder/CEO.
Competitor Commonfloor’s cofounder and CEO, Sumit Jain did a tweetstorm and shares a few interesting perspective.
In an UnPluggd fashion, here it is:
#1 People who partner with you (employees, founders, investors, customers) to help you execute your vision, be grateful to them.
— Sumit Jain (@sumjain) July 1, 2015
#2 Don't have any personal agenda. The only agenda should be to execute the vision. Ensure every body in the company has the same agenda.
— Sumit Jain (@sumjain) July 1, 2015
#3 Be the first to take the blame and last to take the credit. Lead from the top & execute on the ground.
— Sumit Jain (@sumjain) July 1, 2015
#4 Don't raise capital to raise again. Raise to build and not run. Take the company to a significantly higher level before you raise again.
— Sumit Jain (@sumjain) July 1, 2015
#5 Tell the bad news first. No one is perfect enough to not to make any mistakes. If you are not making mistakes, you are not trying hard.
— Sumit Jain (@sumjain) July 1, 2015
#6 Have a succession plan for yourself and the progression plan for the level below. Make yourself replaceable by empowering people.
— Sumit Jain (@sumjain) July 1, 2015
#7 Go tough with the problem. Be generally nice to the people around. It doesn't harm to appreciate if somebody is doing a good job.
— Sumit Jain (@sumjain) July 1, 2015
#8 Don't build castle in the air. Build a strong foundation, then the castle and the moat around.
— Sumit Jain (@sumjain) July 1, 2015
#9 If u aren't doing anything that can't be replicated, u are just going to be a catalyst. Change the behaviour; make sure you leverage it.
— Sumit Jain (@sumjain) July 1, 2015
#10 It's not a sprint, it's a marathon. Stamina is as important as speed, probably more. Be fast and be strong.
— Sumit Jain (@sumjain) July 1, 2015
#11 Be the last man standing. Be the guiding force. Be the custodian of the vision. Be the first one to come and the last one to go.
— Sumit Jain (@sumjain) July 1, 2015
#12 If you throw shit, people throw back more. If you throw flowers, people might not return the favour. I feel later is any day better.
— Sumit Jain (@sumjain) July 1, 2015
#13 Generating revenue is not bad. You don't make product to make money, you make money to make product.
— Sumit Jain (@sumjain) July 1, 2015
#14 As a leader, whatever you do, you inspire a lot of people. Be responsible in whatever you do. It's not just about you any more.
— Sumit Jain (@sumjain) July 1, 2015