Brett Hurt Brett Hurt

Foreword

It has been a privilege to become friends with Brett Hurt over the past several years. Not only is Brett extraordinarily intelligent, with exceptional entrepreneurial talents and leadership skills, but he has also created six excellent companies that have all created tremendous value for millions of other people.

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Preface to the Second Edition

As I write this, I’m on the way back from the main TED conference in Vancouver, sitting next to my good friend Dr. Peniel Joseph on a United Airlines flight. Peniel is a terrific leader and founded the Center for the Study of Race and Democracy at the LBJ School at the University of Texas at Austin.

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Introduction - A Journey of Meaning

As with any entrepreneurial endeavor, The Entrepreneur’s Essentials is a book of many dimensions. Readers, I hope, will find inspiration in my struggles and successes, along with those of others shared here. I have sought to be as practical and prescriptive as possible; in a sense, this is in part a “how-to” manual.

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Chapter 1 - The Soul of the Entrepreneur

Beyond that familiar quote, there is a great deal of wisdom for entrepreneurs in playwright Shaw’s 1903 book from which it comes, Maxims for Revolutionists. The book is easy to find online and I recommend it, as he could well have been describing Mahatma Gandhi, Galileo, or Rosa Parks. But I begin with that maxim here as I really believe he is describing you. Shaw’s insight captures the overarching focus of my book, The Entrepreneur’s Essentials.

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Chapter 2 - The Paralyzing Fear of Getting Started

It’s only human nature to want to share the good parts of a story first: The liberation of becoming an entrepreneur, the sheer thrill, the exhaustion transforming to euphoria, the discovery of that essential among the essentials of this book — the ‘soul’ of the endeavor.

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Chapter 3 - Advice for the Middle Age Entrepreneur

While throughout this book I argue that we’re living in technology’s “Golden Age,” it is equally true that the entrepreneur’s journey gets tougher the closer you are to the “Golden Years.” Or if not tougher, it is certainly a different journey. It demands a different set of skills— and the leverage of those skills — on the part of the midlife entrepreneur who wants to be successful.

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Chapter 4 - The Importance of an Always Be Learning Life

It’s hard to exaggerate just how important the credo “Always Be Learning” is to the life of the entrepreneur. It’s also easy to invite confusion on this topic, in an age in which we bathe in information. After all, aren’t we learning more and learning it faster than ever before?

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Chapter 5 - Bootstrap or VC?

Any conversation on the virtues of bootstrapping your way to success as an entrepreneur versus growing to scale with the investment of venture capital dollars usually boils down to one question: “Do you want to be rich, or do you want to be king?”, as business scholar Noam Wasserman once framed it so well.

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Chapter 6 - The Fallacy of Risk in Entrepreneurship

To understand the dynamics and reality of the entrepreneur’s risk, a good place to start is the ultimate study of success and failure. This is Charles Darwin’s theory of evolution first published in 1859. You’ve certainly heard some version of this a million times: the virtue of competition is that it weeds out the laggards. The “survival of the fittest” is what business is all about; the iron laws of nature reward the strong over the weak.

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Chapter 7 - What’s In a Name?

A company name can be symbolic, like Xerox. It was crafted in a 1958 corporate rebrand from the underlying technology of the firm’s product itself, invented two decades earlier. This was “xerography,” which fused the Greek words for “dry” and “writing” and the company name was spun from that.

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Chapter 8 - To Be Stealthy or Not?

During mid-2015, just shy of three years since we had taken Bazaarvoice public, I was on an extended break to catch my breath. To spend more time with my young family. To read broadly. To travel to India to study Vedic wisdom. To see what my parents’ life had been like as entrepreneurs focused on lifestyle, in contrast to the very intense work pace that I’d been living since before I even finished grad school.

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Chapter 9 - How, and Why, to Ask for Help

A quarter-century ago, though it feels like last week, I was a young, hungry, and earnest entrepreneur in my first semester at the Wharton School. Word circulated that Farhad Mohit, an up-and-coming entrepreneur a couple of years ahead of me, who had founded one of the first online shopping search engines, was giving a talk on campus. I was eager to go, and all-ears when I arrived.

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Chapter 10 - The Strength of Natural Network Effects

To effectively think about the power of natural networks, a good place to start is with a remarkable experiment by social psychologist Stanley Milgram more than half a century ago. Sometimes his study is called the “small world experiment,” and it not only built on a great deal of earlier research, but it also influenced the making of a 1990 play by John Guare, Six Degrees of Separation, and a 1993 movie of the same name.

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Chapter 11 - The Most Proven Way to Hire Well

If there was a secret to the early success of my fifth company, Bazaarvoice, in its early days, both in building the culture and energizing performance, it was that we were obsessed with recruiting. In retrospect, some 15 years, another co-founded company, and more than 100 startup investments later, our novel approach and process back then seems blindingly obvious today.

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Chapter 12 - The Importance of Reference Checking

Akin to my counsel on recruitment in Chapter 11, The Most Proven Way to Hire Well, the prevailing approach to the related art of reference checking is outdated, broken, and hamstrings many an entrepreneur before they even come off the starting line. But unlike my experience recounted in the last chapter, my insight into reference checking was not learned through a series of early stumbles, but rather by (perhaps) naively getting it right at my first major startup, Coremetrics, beginning in 1999.

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Chapter 13 - How to Leverage Advisors and Investors

There is no aspiring entrepreneur worth their salt who does not harbor an idea for the ultimate “dream team” of advisors broadly defined: engaged investors in general and trusted Advisory Board members specifically. 

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Chapter 14 - Seven Lessons Learned on the Journey from Founder to CEO

No one is born knowing how to found a company or be a CEO. And no one is born knowing how emotional the trek can be. This is a hard-earned, ever-evolving, and constantly demanding role that I hope is clear from the chapters so far. As my friend and CEO coach Kirk Dando has counseled me on more than one occasion, “The path to heaven goes through the road to hell.”

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