Thursday, January 30, 2014

James Benim - US & Brazil





Technology and business
  • Traveled extensively throughout childhood - Mission work
  • Started tech company in dorm at Texas A&M
  • Fall of Berlin - Built Fiber Networks
Learn to Roll with the punches
  • learn to adapt to changing global positions
  • Had to compete with overseas coders
Network like crazy your whole life.
  • Some stuff in Argentina, you can now hire people for cheap
First Big Mistake:
  • Check your ego at the door
  • Petty theft - put sign on door.
  • Signs in Argentina means "Come and take all our stuff"
  • Ego makes bad decisions especially globally
Rewrite all of your own rules
  • At first the only people he could trust were family members. Had to check the "Nepotism""
  • Here in US, you DONT hire family. In Argentina it is king.
The Yellow Chairs:
  • In operating a company, nobody will ever appreciate what you went through to build it..
Getting to understand their culture:
  • Actually live in that culture.
  • They will view you as an ass otherwise
Things they did Right:
  • We made our mistakes small - Start small so your mistakes are small. Grow gradually
  • Built a diverse team
  • Important to recognize loyalty and tenure
  • We bootstrapped and kept our equity - take tiny pile of money, start simple, build from profits.
  • Got out of debt super fast
  • We found our niche - makes much less competition
Things they did Wrong
  • Learn to say I''m sorry
Develop an actual skill
Develop a taste for risk
You are always a couple months away from being out of business

Know the difference between managers and leaders

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