Share all relevant information with your team, both positive and negative.

So start by placing your liquid assets in a brokerage firm. Then invest all the cash into US Treasuries while you decide on your investment strategy.

Good engineering management is a rare skill and most often can only be learned by observing others who do it well.

Without a solid infrastructure, your brilliant and talented team members won’t be able to function to their full potential. The key components to a solid company infrastructure are a company folder system and wiki, goal-tracking tools, areas of responsibility, no single point of failure, and key performance indicators. Let’s break each of those dow

“Why You Need Two Chiefs in the Executive Office” First Round Review https://firstround.com/review/why-you-need-two-chiefs-in-the-executive-office/

“Tragedy of the commons.” When several people share responsibility for an action or process, often that action doesn’t get done well or at all. To prevent this from happening, group tasks into functions and assign each function to one—and only one—person. These are your areas of responsibility.

The key in any organization is for people to be transparent about what their Zone of Genius is, and then map all activities to the right people through an areas of responsibility list (see chapter 21).

One easy solution is to call everyone “head of X.” That way, when it’s finally time to hire senior VPs, they can slot easily into the organization without “demoting” anyone.

Determine the company’s five or six most significant KPIs, then track them religiously and make them available for the entire company to easily see on a daily basis.