Anders Haugeto

Founder of Iterate - building software companies out of Oslo, Norway. Exploring 10x founding teams.

[Anders Haugeto @hauge2]

The road to success for an #Entrepreneur is paved with the following beliefs:

1. Fail fast
2. It's not about ideas, it's about execution

They stand unchallenged, even though they are so clearly contradicted by the heroes of our time, like Airbnb and Facebook:

[Anders Haugeto @hauge2]

Scaling up? That's super, but remember this: Great execution is still about problem solving (and beware of silos sneaking up on you):
https://t.co/ex8G5hiGAB

[Anders Haugeto @hauge2]

Excited to be working together with @MagnusCarlsen on this! @iterate_no @NorwayChess

[Magnus Carlsen @MagnusCarlsen]

Excited to be building fantasy chess! Follow here https://t.co/aOiquPQIPE

[Anders Haugeto @hauge2]

Let’s be clear: To rationalize something and to be rational are not the same thing. (In fact, they’re orthogonal)

[Anders Haugeto @hauge2]

Thought experiment: What if disruptive innovation is the best path to solve our #sustainability problems? https://t.co/nbtvSirrSJ

[Anders Haugeto @hauge2]

@allenholub @ketilj There’s a big world out there - which is not Safe ..

[Anders Haugeto @hauge2]

Waterfall in the #startup world:
1. Investment fund defines a mandate
2. Entrepreneurs build startups to comply with that mandate (get funded or die)
3. Fund invests
4. Startups execute
5. 7-10 years later: Everyone hopes for returns

C'mon people. There are better ways.

[Anders Haugeto @hauge2]

@ivarconr Agree. The point I'm trying to make is that corporations should learn from the startup ecosystem about serendipity and experimentation. Startup ecosystems should learn from corporations about human capital. If they do, I think they will start to merge (hence my "stupid" idea)

[Anders Haugeto @hauge2]

Once stupid ideas we now see as inevitable:
- Open source software
- Max 140 characters
- Rockets that land

Now stupid idea, in the future seen as inevitable:
- Innovators won’t have to quit their job,take tons of personal risk & sacrifice everything in their lives to succeed

[Anders Haugeto @hauge2]

@ivarconr 75% of successful us entrepreneurs got their idea while working with their former employer, where they had worked for six years or more. Example: Check out the the story of how Eric Yuan tried to start smartphone friendly video conferencing when he was employed at Cisco.

[Anders Haugeto @hauge2]

@ivarconr Yes but that implies you have to have two jobs in the meantime. And they don’t get any operational support. And when they do jump ship they’re all on their own. Most entrepreneurs don’t want to quit. They want to build as an employee, but their idea is rejected by their employer

[Anders Haugeto @hauge2]

@ivarconr Entrepreneurs have to work a long time before they can even hope for VC funding, and many great innovators are rejected for the wrong reasons. In the meantime they have spent years struggling to become “the right bet”. VC is just a small part of a fragmented support system.

[Anders Haugeto @hauge2]

@leftieFriele Not at all. I’m saying that if you don’t have a strong will to make it happen, none of the other things matter. Wanting it is not enough, but it’s a prerequisite for success (whereas too many are in it just for the ride)

[Anders Haugeto @hauge2]

Innovation doesn't happen because we reach our objectives. It happens because we *want* it to happen.

Really, really bad.

[Anders Haugeto @hauge2]

Strong beliefs are antifragile: The more resistance they get, the stronger they get. I try to keep it in mind when confronted with beliefs far away from my own.

Some times the best defense is neither attack nor defence. Instead, it’s to turn a discussion into a conversation.

[Kent Beck 🌻 @KentBeck]

“Problems aren’t solved, they are outgrown”—I always saw this from the “solution” side, that I grow as a person and what was difficult or painful becomes easy.

It also applies to the problem side. Something else gets bigger & now what was a pressing problem is trivial.

[Anders Haugeto @hauge2]

The first network effect founders need to build: Make people around them believe they’re able to pull it off

[Anders Haugeto @hauge2]

“Follow the money” makes sense in business development, but not in innovation. Here, a better term would be “follow the value creation”. Do that and maybe, just maybe, you find value but no money. Now *that* is an opportunity to innovate. If you succeed? Money will follow you.

[Anders Haugeto @hauge2]

Hurts to think about: Where we had been, if we had been able to see the negative correlation between efficiency and innovation as clearly as we see the correlation between expenses and income

[Anders Haugeto @hauge2]

The real measure of how much an organisation is learning, isn't in what the organisation is learning. It's in how the organisation is adapting. How we as individuals improve our thinking, and how the wider system changes as a result of what we learn every day.

[Anders Haugeto @hauge2]

@Feiring Love the company but agree the name is very naive (ie Norwegian), but I’d argue “Kolonial” still isn’t quite as bad as Silicon Valley’s “Blitzscaling” 😳