Dusty Reynolds is the co-founder of RaceNote, which created a desktop and mobile app dedicated to logging all the changes race car drivers make to the car, improving their “setup” notes and giving them the ability to share it with teammates and their car builders.
Thanks to Reynolds for letting us share his post, which originally appeared on Medium.
Discipline and accountability. I heard this phrase no less than 14 times in my first meeting with one of my advisors.
“Perhaps one of the biggest flaws I see in early stage companies is a lack of discipline and accountability. Don’t fall into this trap,” he continued.
“And if you’d like me to advise you, I’m gonna need data that allows me to see authentic metrics and key performance indicators that signal how your company is doing.”
Point taken. Again.
My homework at this point was twofold:
- Don’t run from accountability
- Build a company scorecard
Here’s what I came up with.
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