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Recode Decode: Four magic words for entrepreneurs: ‘Do your fucking job.’

Decoder with Nilay Patel · with Scott Belsky · December 19, 2018 · 44 min

Summary

This episode with Scott Belsky dives into the often-overlooked 'messy middle' of building a company—the critical, challenging phase after the initial startup excitement. It offers entrepreneurs a candid look at the grind of scaling, managing growth, and the practicalities of leadership beyond ideation, providing actionable insights into navigating the difficulties of sustained venture building. Belsky emphasizes accountability and diligent execution as keys to success.

Key takeaways

Themes

founder & leadershipfinance & fundraising

Topics covered

startup lifecyclebootstrappingventure capitalselling a companycorporate leadershipentrepreneurial journeyproduct developmentmanaging burnoutteam buildinginvesting in startups

Episode description

Scott Belsky, a venture partner at Benchmark and the chief product officer at Adobe, talks with Recode's Teddy Schleifer about his book, "The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture." In this episode: (02:32) Why Belsky came to California and started Behance; (07:14) Bootstrapping, taking investment and selling the company; (10:44) Leaving Adobe to join Benchmark; (14:53) Returning to Adobe; (18:36) Belsky's new book; (21:20) The difference between starting a company and keeping it going; (26:05) Belsky's favorite lessons from the book; (30:37) How he became an early investor in Uber; (33:54) Pinterest and other investments; (38:56) What would Belsky change about the startup world? Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Frequently asked about this episode

What does this episode say about founder & leadership?
The 'messy middle' is the most challenging and crucial phase; focus on sustained effort and execution after initial startup excitement fades.
What does this episode say about finance & fundraising?
Bootstrapping or careful consideration of venture capital is key; understand when and why to seek external investment.
What does this episode say about founder & leadership?
Selling a company like Behance and rejoining a large corporation like Adobe offers unique insights into both exit strategies and corporate leadership dynamics.
What does this episode say about founder & leadership?
Effective leadership in the 'messy middle' requires differentiating between startup founding and continuous growth/operational management.
What does this episode say about founder & leadership?
Prioritize diligent execution and accountability with the mantra, 'Do your f***ing job' to overcome challenges and achieve long-term success.

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