A Tech Entrepreneur's Journey: Hard Work and Smart Risks

David Bateman, Co-CEO and Founder of SitePro, Inc., has learned the art of launching a great product through hard work and smart risks. His $60 million company makes technology solutions that help energy companies monitor operations, pinpoint problems and deploy troubleshooters to the right places at the right time -- saving the companies wasted effort, time and money. In this interview with EIX's Jim Wetherbe, the 34-year-old Texas Tech graduate talks about how he honed his entrepreneurial skills after an ice storm, what he learned after damaging his father's truck, and how he works with mentors. He also shares some valuable advice to help time-stressed founders zero in on what's important.
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DOI: 10.32617/447-5de6a63592126Comments
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Zero to One: Notes on Startups, or How to Build the Future, Peter Thiel, Crown Business, 2014
Peter Thiel, Crown Business, 2014What valuable company is nobody building? That’s just one of many questions posed in this provocative and entertaining book. It certainly is a question that Thiel must have asked himself before co-founding the pioneering online-commerce platform PayPal, making the first investment in Facebook, founding Palantir Technologies, and funding multiple brand-name startups like SpaceX and Airbnb. Thiel challenges entrepreneurs to “risk boldness over triviality,” and avoid equilibrium at all costs, because equilibrium means stasis and stasis means death. The phrase “zero to one” captures the process of creating something new and singular. One of the core concepts of this very readable book is the idea that entrepreneurs must find a way to create a temporary monopoly with the potential to scale to large markets. You’ll definitely take lots of notes as you read and sometimes you’ll raise your eyebrows a bit, but Zero to One is well worth the time.