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‘Give Away Your Legos’ and Other Commandments for Scaling Startups
Article

‘Give Away Your Legos’ and Other Commandments for Scaling Startups

First Round, 2016

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

Anticipating the unique set of challenges that come with scaling up a business – for both leadership and employees – can make the process of growing your company less painful and more exciting for all concerned. In this highly practical article by First Round Review, Quip COO Molly Graham helps business leaders understand the obstacles of and best practices for managing each major stage of a company’s growth. getAbstract recommends Graham’s insights to business leaders facing the prospect of scaling up.

Take-Aways

  • When scaling up a business, manage the emotions of your employees. Help people deal with their anxiety, adapt to new circumstances and learn to let go.
  • Encourage existing employees to cede tasks to new hires by focusing their attention on the next challenge and the opportunities it offers them.
  • Before you grow beyond 50 people, take the time to write down your company’s “design principles” – your corporate identity and purpose. Restate these values often.

About the Author

First Round Review is the magazine from First Round, a venture capital firm that specializes in supplying seed-capital to tech start-ups.