Excellent values. What I like most about this blog post is that DMC wrote it now, years after 500Startups began and after many dozens of founders, engineers, hustlers and hackers have already spilled blood sweat and tears on its polished floors. He writes about the culture of 500Startups not as he wished it would be, but rather as he would like to preserve it. That’s the thing about culture: it has to appear organically and from the bottom-up. Once good culture appears, it has to be fought for uncompromisingly by every layer of the organization, but its health will always flow from its roots.
I have to say I’m (pleasantly) surprised by the “be diverse” dictum. Too many “experts” continue to perpetuate the (often self-serving) myth that a successful startup = blind focus + blind passion. The truth is as Dave suggests: aggressive experimentation, nimble adaptation, unstoppable drive. And a masochistic streak.
Excerpts (though you should really read the whole thing):
Be Bold, Be Humble. - We forgive mistakes, but not timidity.
Move Fast, Break Things. - Iterate to success. Fast.
Challenge Yourself, And Others. - Hold each other accountable 100% of the time.
Be Diverse, Be Diversified. - Diversity is our strategy and moral imperative. Embrace it.
Have Fun, Make Money. - It’s our job to make money, but it’s also our job to have fun.