Practical advice for start-ups, with a high-tech angle

September 19, 2004|Globe Correspondent

In ''The Art of the Start," author Guy Kawasaki has accomplished something rare: He's written a how-to business book that is simultaneously smart, practical, and fun to read. There's lots of useful information in this book for start-up entrepreneurs.

The subtitle's claim that the book is a ''guide for anyone starting anything is a bit of an exaggeration. In truth, what Kawasaki has written is an exceedingly good guide for people who want to launch high-growth technology start-ups. (In full disclosure, I once managed a program in which Kawasaki served on a team of mentors for entrepreneurs.)

Kawasaki writes that his book is applicable to a much broader audience; he even suggests it will be useful for people who are starting nonprofits or churches. But the book's frame of reference is really the high-tech world.

Kawasaki says that there are ''seven milestones that every start-up must focus on. If you miss any of them, your organization might die." The list includes items such as ''finish a prototype" and ''raise capital" that, while applicable to many start-ups making a high-tech product, may not apply to other kinds of start-ups -- such as small services firms that don't plan to raise outside capital.

Kawasaki does include some good advice for potential ''intrapreneurs" -- people who want to create entrepreneurial-like activity within established companies. It is, however, for high-tech start-up entrepreneurs that this book will most come in handy.

Kawasaki covers a range of key topics, from pitching your business to investors to growing a business through self-financed ''bootstrapping" to building your brand. His advice is generally solid and at times specific. In his chapter on making presentations to investors, Kawasaki even reminds entrepreneurs to use good-sized fonts in presentation slides. His reasoning? ''Think about it: Any venture capitalist who survived the dot-com carnage is probably over 40 and has deteriorating vision. A good rule of thumb for font size is to divide the oldest investor's age by two, and use that font size," Kawasaki writes.

Kawasaki himself could be described as a venture capitalist dot-com survivor. Well-known for his work as a marketing evangelist in the early days of the Macintosh computer, Kawasaki in 1997 cofounded Garage.com, now Garage Technology Ventures.

Kawasaki does admit in his book that he learned a hard lesson during the Internet boom years. In a section urging entrepreneurs to ''understaff and outsource," he writes of his own mistake in overstaffing at Garage. ''At its peak, the headcount of Garage was 52 people. After a series of layoffs, I reduced the head count to under 10 people."

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