Darryl Ballantyne
15 Splash Points
12 comments
3 followers
Following Followers

Darryl Ballantyne

CEO, LyricFind
Toronto, Canada Canada
Business owner
Member since October 10, 2008
VEQ: NS-NW-TL
About Darryl
Work/education
Activities
Company profile(s)

I am a(n):

Entrepreneur

Companies I've founded or co-founded:

LyricFind, AdProject

Startups I worked for:

LyricFind, AdProject

If you are an entrepreneur, why?

I want to build success and add value to the world.

My favorite startups:

Groupon, Kayak, Uber, Slacker

What's most frustrating and rewarding about entrepreneurship/innovation?

Frustrating: Slow pace of dealing with large companies that can't move as quickly as we can.
Rewarding: Putting my signature on a big contract with a great client or supplier.

What's the No. 1 mistake entrepreneurs make?

Committing to specific timelines. Too often early on, we expected things to happen when people said they would - nobody works on your timeline, especially when you're a startup! And even your own teams internally will underestimate the time it'll take to build new things - because they're new!

What are the top three lessons you've learned as an entrepreneur?

1) Choose who you work with carefully, and get proper protections in place. You'll spend more time with them than anyone else in your life!
2) Cash is king. Save pennies everywhere you can - money is what keeps you going and gets you through when that contract doesn't get signed when you thought it would.
3) Be willing to do any job to get the company through - and only hire people of the same mindset. And remember, hiring the wrong person is way more costly than not hiring the right person.