A very good morning from the heart of the Baltics to all of you, dear readers! As the world gets more complicated, we find pleasure in simple things: tea served hot, coffee brewed strong, contracts drafted in plain language…
One school of entrepreneurs says: “dream big!”. Sony’s E3 banner, years ago, proclaimed: GO BIG OR GO HOME. Typical visuals of this school feature lions, tigers, eagles and other predators, and typical studios here bleed money both before and after they raised funding, since growth happens way too fast.
Another school says: “to thrive, first survive”. That school values compounding, and advises independent studios to model themselves after cockroaches: create a positive cashflow, then increase your appetite. Typical studios here raise money when they don’t really need it, because they like their risk to remain comfortably low.
It takes a different kind of a law firm to match the work style of these different types of clients: the first cohort prefers to move fast, seizing the day and having ten people on the Zoom call as they hunt for acquisition or engage in litigation; the second prefers to move safe, builds a roadmap, and normally ends up working with just a few trusted lawyers, with a preference for great comms and experience.
Recently, I’m seeing these two cultures clash in a number of studios and law firms. Get too conservative – and miss the opportunities, losing talent in the process. Get too aggressive – and face the lawsuits of dissatisfied investors or grumpy clients, with a messy crew of short-term champions who change jobs every two-three years.
Ideally, you want a cockroach of a CFO and a lion of a CEO, working hand in hand with a sober CTO to reach for the sky over a ladder that’s firmly supported by your committed and motivated dev crew.
But nothing is ideal in this world, and living through the war in the middle of the pandemics exposes the cracks that have been barely visible in the fatter times… Which, by the way, creates a great environment for switching jobs: these days you can observe with an x-ray clarity how both firms and studios perform under the multiple stress factors, and know what you can (or cannot) count on.
What a time to be alive!
And now on to this week’s updates –>