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They're so common that there's distinctive language for proposing them: saying that you want to "grab coffee," for example.Speculative meetings are terribly costly if you're on the maker's schedule, though. Everyone assumes that, like other investors, we run on the manager's schedule.
A small decrease in morale is enough to kill them off. But the smarter ones restrain themselves, if they know that some of the people working for them need long chunks of time to work in. Nearly all investors, including all VCs I know, operate on the manager's schedule. Rtm and Trevor and I do because we always have, and Jessica does too, mostly, because she's gotten into sync with us.
I wouldn't be surprised if there start to be more companies like us.
For someone on the maker's schedule, having a meeting is like throwing an exception.
It doesn't merely cause you to switch from one task to another; it changes the mode in which you work.
You can't write or program well in units of an hour. When you're operating on the maker's schedule, meetings are a disaster.
Essay For Management Position
A single meeting can blow a whole afternoon, by breaking it into two pieces each too small to do anything hard in. That's no problem for someone on the manager's schedule.
I know this may sound oversensitive, but if you're a maker, think of your own case.
Don't your spirits rise at the thought of having an entire day free to work, with no appointments at all?
By using the classic device for simulating the manager's schedule within the maker's: office hours.
Several times a week I set aside a chunk of time to meet founders we've funded.