HackFwd // 10 Big Lessons from HackFwd -
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"Geeks Can Be CEOs. The assumption that coders are best left in the back room near the servers is not only erroneous, it’s a massive missed opportunity. As I once tweeted, it’s far easier to teach a geek about business than teach an MBA to code."
"We Underestimated The Bureaucracy. We all knew that bureaucracy in some European states, and across Europe was high. All of HackFwd had extensive international experience. Nevertheless, we totally underestimated how high, and how disproportionate a load this was on small companies. Each European country has its own (unnecessarily complex) rules and regulations for setting up a company. As we helped each startup become legal businesses, we were frustrated by the needless complexity in each market. In Germany you need a notary to sign everything. In France you can’t get shares immediately. In Poland everything must be written entirely in Polish and you have to sign on every single front and back page. In Austria you need 35K to found a company. The list goes on and on and on. It’s insane. And every European country makes virtual work agreements — where you have contractors from one country working remotely for a team based in another — a colossal pain to establish."
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