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📦 1st time founders focus on product 🚀 2nd time founders focus on distribution 💰 3rd time founders focus on MARGIN bookmark this thread bc it'll haunt you thx Sam Shank Fareed Mosavat who I've talked to about this cc: VCs Congratulating Themselves 👏👏👏 😅

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Andrew Lee

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52,886 просмотров • 11 месяцев назад •via X (Twitter)

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Sam Altman: "You can identify founders who have a chance at creating a $10 billion company. With practice." Then he shared the experiment that proved it. YC funded 20 teams of strong founders without ideas. All 20 failed. > real founders generate new ideas every week, not one big one > execution speed between meetings predicts success better than anything on paper > a founder improving fast over 2 months he's been right ~10/10 times on this signal > the core four: obsession, focus, frugality, love everyone screens for intelligence. almost nobody screens for slope. which one would you bet on?
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Sam Altman: "You can identify founders who have a chance at creating a $10 billion company. With practice." Then he shared the experiment that proved it. YC funded 20 teams of strong founders without ideas. All 20 failed. > real founders generate new ideas every week, not one big one > execution speed between meetings predicts success better than anything on paper > a founder improving fast over 2 months he's been right ~10/10 times on this signal > the core four: obsession, focus, frugality, love everyone screens for intelligence. almost nobody screens for slope. which one would you bet on?

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“Companies take on the form of their leaders. That’s where Google’s culture comes from.” — Nikesh Arora “The founders were very product-obsessed... I remember Larry going to the first ads all-hands and saying, ‘I hate ads that are intrusive.’” “Every product they built, they didn’t look at monetizing for a very long time, until they believed the product had become ubiquitous.” “I think the secret sauce is the consistent focus on product greatness.”

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This one won’t focus… see the way he just lost control 😂😂😂… anyway see you guys on Bolajiogunmolatv on YouTube by 4pm. It’s about to be a great time.
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This one won’t focus… see the way he just lost control 😂😂😂… anyway see you guys on Bolajiogunmolatv on YouTube by 4pm. It’s about to be a great time.

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This week, I visited Hamilton Elementary to help serve lunch to some wonderful 2nd and 3rd graders. Free school meals mean parents save time and money, and kids can focus on learning. Michigan families count on free school meals. We need a budget that makes them a priority.

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time to bring this back? shawn talking about how the constant speculation and opinions on his sexuality negatively impacted him. focus on who is in your bed (judging by this dumb post probably just air) and leave these people in peace
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time to bring this back? shawn talking about how the constant speculation and opinions on his sexuality negatively impacted him. focus on who is in your bed (judging by this dumb post probably just air) and leave these people in peace

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Cory Booker The last time you spoke about Hasan Piker, you admitted you didn't know who he was, never listened to him speak, and were told what to say. It's clear this is what you're doing again. Stop perpetuating hate for someone on our side. Focus on MAGA.

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Sam Altman: “Most founders get delegation wrong” “People get delegation wrong one way or the other. Every founder knows that as you scale the company, you need to delegate. But they either do way too much or way too little. And it’s actually quite difficult to do it the right balance.” Most founders Sam saw at Y Combinator would delegate too little because they got burned once early on and it took them a long time to trust that delegation can work again. But, as Sam explains, founders can also delegate too much: “Their board member tells them, ‘Hey, you’ve got to delegate. You need these five VPs for these five areas.’ And probably whatever is the area that you think is most important to the business and you enjoy the most, you shouldn’t hire the VP in that area. You should just do it yourself. If you’re a product person and you really love product, don’t hire a VP of product. Keep doing that. Because if you hire a VP of product, you will have never-ending conflict because you both want the same thing. You won’t like the way they do it. They won’t like you’re interfering with them.” Sam continues: “Whatever you think the critical piece of the business is - the one or maybe two most critical pieces - hold on to those yourself. That will also make you better about delegating everything else so that you can focus on what you really want to focus on.” Source: Khosla Ventures (Sep 2021)

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If I were an LP in this fund, I'd be deeply worried seeing this. No idea what was the reason of posting this on socials instead of keeping their funding thesis with themselves(ragebait?) There's a reason why some of the best founders I know actively seek out American VCs and are cautious about certain 'lala' Indian VCs. And to be clear - I'm not generalising. Several Indian VCs I've personally met are exceptional, with remarkable track records and portfolio companies built by founders < 30. A 24 or 25-year-old founder: their only obsession is solving a problem and building. They're not thinking about ordering diapers for their 2 y/o on Blinkit. No dependents, no financial obligations pulling their focus - just a singular, relentless drive to crack that one problem their company exists to solve. Does experience matter? Absolutely. But does that mean we should actively discourage younger founders from even trying? that's just bad taste from a venture capital firm. Hear what Jeff Bezos has to say:

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BJP said Priyank Kharge should focus on his ministry. Here’s the Karnataka Home Minister’s response • When RSS marches in public. Who gives them security? • Is it the Commerce Department, or Women and Child Welfare Department? • The Home Department gives them security. • So I want to know who I am giving security to. • When 20 lakh people are converging time and again across Karnataka, as per the RSS report, whose job is it to know who these people are, and what they are converging for? 👏👏👏👏

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Y Combinator co-founder Paul Graham says he's constantly telling founders that all that matters is growth rate, not the absolute numbers. His rationale is straightforward: mathematically, if your growth rate is high enough, it simply doesn't matter what the absolute numbers are. "And the great thing about focusing on growth rate is you can focus on selling to startups for cheap, instead of having to go and do these big deals with big companies that take a long time and make your product stupider."

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