Sergery Brin (Co-founder, Google)
Succeed With Simplicity
Simplicity is an important trend we are focused on. Technology has this way of becoming overly complex, but simplicity was one of the reasons that people gravitated to Google initially. This complexity is an issue that has to be solved for online technologies, for devices, for computers, and it's very difficult. Success will come from simplicity. Look at Apple, the success they have had, and what they are doing.
We are focused on features, not products. We eliminated future products that would have made the complexity problem worse. We don't want to have 20 different products that work in 20 different ways. I was getting lost at our site keeping track of everything. I would rather have a smaller set of products that have a shared set of features.
Chris DeWolfe (Co-founder, Myspace)
Keep Social Networks Social
The key is to be true to your community's norms and values. You can't just force yourself on people and try to sell them something they don't want - that's good advice for marketers generally, but particularly on community-driven sites like MySpace. You have to find ways to add value to your members' lives while being consistent with your brand's identity.
Chad Hurley (Co-founder, YouTube)
Give Your Startup a Fighting Chance
1. Test first:- Launch your product or service before you have funding. See how people respond to it before you have a PowerPoint and business plan - have something people can use, and go from there.
2. Seek outside feedback:- As you start building the product, don't assume that you know all the answers. Listen to the community and adapt. We had a lot of our own ideas about how the service would evolve. Coming from PayPal and eBay, we saw YouTube as a powerful way to add video to auctions, but we didn't see anyone using our product that way, so we didn't add features to support it.
3. Give partners what they want:- Approach your business partners with concepts that they can get their heads around, and try to respond to their needs. An interesting example is what we've done with the music labels. With Warner and others, we saw an opportunity to protect the labels' rights and create a new market. Now we can do things like add music to people's travel videos. It allows users the freedom to create and to do it legally.
Kevin Rose (Founder, Digg)
Let the Users Run the Show
Letting users control your site can be terrifying at first. From day one we were asking ourselves, "What is going to be on the front page today?" You have no idea what the system will produce. But stepping back and giving consumers control is what brought more and more people to the site. They have a sense of ownership and discovery at the same time. If you give users the tools to spread and share their interests with others, they will use them to promote what is important to them.
We have 17 employees, and we have 4,500 submitted stories a day. We could hire more staff, but that's not what the site is about. It's about allowing users to define the site and police the site themselves.
Stewart Butterfield (Co-founder, Flickr)
It Has to Be About More Than Just Money
One of the biggest lessons I've learned is that there has got to be a reason for what you're doing. You actually have to care about what you're doing. The business has to be about something. Whatever the point of it is does not have to be inconsistent with making money, but usually if that's the sole reason, it is not very successful. Because you have to have confident employees, happy customers, and reliable suppliers to run a company as much as profits. I am still here to win. All the people on the Flickr team are committed to what we're doing, which is to be the eyes of the world. Otherwise, I would say fuck it, go back to the beach, and get in shape.
Source: CNN.com