A great talk by DHH (David Heinemeier Hansson from 37 Signals) on how to create a successful company:
It’s a refined version of his usual talk. Some basic points:
1. All companies start as small companies.
2. An MBAs teaches you to manage large organizations, the very thing you do not want when starting a company.
3. Focus on profits, not just revenue.
4. When it’s your money, and you are focused on making more, you make much better decisions.
5. VC money is evil. Don’t do it.
Looks like a lot of this is from their new book, Rework.