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Editors Note: Earlier this month Etsy revealed in its Q1 earnings report that the board is replacing Chad Dickerson, who has been CEO since 2011 and took the company public in 2015.

Josh Silverman, who joined Etsy’s board in November, will take over as CEO, while fellow board member Fred Wilson will be taking over Dickerson’s role as chairman of the board. Etsy is also losing CTO John Allspaw.

Dickerson said in a statement: “It has been an honor to lead Etsy as CEO for the past six years and the three years before that as CTO, the Board decided that it was time for new leadership to take Etsy forward and I support that decision.”

Here’s something you don’t hear in today’s unicorn “crushing it!” era of startups: “There’s something about los...

Startup failure statistics vary widely, but even the rosiest numbers show more than 50 percent failing within five years. Startup founders often have obligations to many stakeholders, including family, employees, investors, and perhaps customers. So when they are forced to face the reality of their business’s failure, they have a responsibility to these groups to do everything in their power to optimize the process of exiting. This starts with understanding the various paths available to you before you have $0 cash in the bank. By that point, many potential exit opportunities will be off the table.

It all starts with communication. It is critically important to communicate regularly and consistently with your stakeholders from the day you l...

Aditi joined Crosslink in 2014, focusing on Mobile, Fintech and Internet Services investments. Prior to joining Crosslink, Aditi was an analyst in the technology, media & telecom investment banking group at Deutsche Bank in San Francisco providing M&A advisory and capital raising services for Internet & digital media and software clients. She has prior experience working at Allen & Overy LLP in Singapore and J.P. Morgan Private Bank in Hong Kong. Aditi holds a BA in Psychology from Stanford University, where she cultivated her interest in the human aspect of technology and the way it impacts lives.

What startup verticals interest you most right now?

Companies disrupting our current financial services infrastructure: changing the way we thin...

It’s a key buzzword of our time. What worrying over ‘The Age of Distraction’ really reveals is our great anxiety about maintaining focus and meaningful interactions, when we’re saturated with opportunities for immediate and trivial communications.

In 2017, we commonly understand that this ‘saturation anxiety’ is inextricable from our modern relationship to smartphones. One recent study shows that the average 18–33 year old checks their smartphone a shocking 85 times a day, while another reveals that the average attention span has fallen a third since 2000 (or around the time of the mobile revolution.) Clearly, any present-day solution to these problems has to take into account the smartphone question.

But distraction anxieties have been on...

First-Mover Advantage is an idea that just won’t die. I hear it from every class of students, and each time I try to put a stake through its heart.

Here’s one more attempt in trying to explain why confusing testosterone with strategy is a bad idea.

First mover advantage — great bad idea

The phrase “first mover advantage” was first popularized in a 1988 paper by a Stanford Business School professor, David Montgomery, and his co-author, Marvin Lieberman.[1]

This one phrase became the theoretical underpinning of the out-of-control spending of startups during the dot-com bubble. Over time the idea that winners in new markets are the ones who have been the first (not just early) entrants into their categories became unchallenged conventional wi...

There are a lot of accomplishments in Sheila Marcelo’s official bio, not least of which is founding running the publicly traded Care.com. One thing that isn’t in all those official bios is that Marcelo– a Filipino born girl who was sent to America to get educated and become a lawyer– got pregnant unexpectedly in college. At a women’s college no less.

She wound up marrying her boyfriend of just three months and having the baby, but that wasn’t necessarily a given. “I was worried,” she says. “I wanted to be a banker. I was worried about what I was going to do in my career. Was this going to hold me back? He kind of said all the right things.” He also said the right thing to her parents at the wedding: “We will make sure she gets to law school...

At Startups.co, we’ve made it a habit to study the trajectory of entrepreneurs on their paths to success, and from our qualitative observations, we’ve noticed that there are definitely some common habits that have helped them succeed along the way. From ice cream powerhouses to e-commerce pros, here are some traits from great founders that I’ve observed and tried to emulate throughout my 20-year career as an entrepreneur.

1. Treat Customer Opinion Like Currency

Ben Cohen and Jerry Greenfield, the founders of the eponymous Ben & Jerry’s ice cream, consider their customers to be a huge driver in their creative process and the success of their company. From the moment they opened their original location—a rundown garage in Vermont—they constan...

Question: What is one tip for organizing co-founder roles and responsibilities, and aligning co-founder job descriptions among founders?

The following answers regarding how to balance responsibilities, lay out co-founder job descriptions, and define co-founder roles and responsibilities are provided by members of Young Entrepreneur Council (YEC).

Embrace Co-Founder Job Descriptions

Co-founders are vital to the business but can get lost as the company evolves. We evaluate our co-founder job descriptions yearly to ensure that the written expectations are in line with the work the company needs done. Don’t be afraid to reassign co-founder roles and responsibilities so that business goals can be met.

— Robby Hill
HillSouth

Track Tasks

You shou...

I’ve covered Max Levchin and the Web properties he’s built pretty much since I arrived in Silicon Valley in the peak of the dot com bubble. In fact, I spent hundreds of hours interviewing him for my first book, “Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0.” I continually try to get him on stage— despite having plumbed so many of his thoughts for so long— because he’s genuinely one of my favorite people to interview.

Not only does he have one of those iconic immigrant stories that should convince everyone why immigrants make this country stronger, but unlike so many other wealthy success stories, he’s never forgotten where he came from and what it felt like to be an outsider with nothing. Nothi...

While the novelty of creating the next Facebook sounds amazing, the truth is we don't need to necessarily invent a product to bring a new innovation to market.

If we look closely, we'll see that some of the fastest-growing companies out there — Uber, Casper, Dollar Shave Club and dare I say it, WeWork — are all based on ancient business models with a new twist.

Start With This: "What's Wrong With Current Products?"

Look, Uber didn't invent taxis — they just simply asked, "What's broken about the taxi business?" (Well, the limo business initially but who's tracking?) Any of us would be hard-pressed to find an existing product or service that couldn't use a ton of improvement.

What customers care most about is the improvement. Maybe that's ...