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.benahorowitz.eth on how a game studio turned it's last $6 million into Slack: "Stewart calls me. He says, 'Ben, I've got $6 million left. I have no way to raise money because I've made really no progress. So I've got three choices. I can pray for rain and try...

737,764 görüntüleme • 4 gün önce •via X (Twitter)

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Ben Horowitz tells the story of Slack’s pivot from a failed gaming app into a $28 billion company Ben recalls investing in Stewart Butterfield’s new company Tiny Speck. In 2001, Stewart began building an online game, pivoted into Flickr, and the company was acquired by Yahoo in 2005 for $25 million. In early 2009, Stewart decided he wanted to try building the online game again. This time, it would be called Glitch. Ben tells the story: “And so he builds Glitch. I love Glitch - it was a marvelous game. But it had two major problems. One, he started it in 2006 and built on Flash before Steve Jobs declared war on Flash. So it wasn’t going to work on the iPhone. And then the other problem was people would finish the game in two days, and so that’s not very good for retention.” After raising more than $15 million to build Glitch, Stewart called Ben to tell his investor that they only had $6 million left: “Ben, I’ve got $6 million left. I have no way to raise money because I’ve made really no progress because of these issues. It’s going to cost me more than $6 million to finish the game. So I’ve got three choices. I can pray for rain and try and finish it. I can shut down the company and give you your $6 million back. Or we build this tool that we use in our engineering team to communicate with each other and make engineering work a little better, and I could just put that out as a product.” Ben replies: “What? You just like built some tool to talk to each other and you want to put that out as a product? And you’re a consumer guy and you want to become an enterprise software guy?” Stewart says, “Yeah, I think it’d be a pretty good idea.” And so Ben said, “$6 million isn’t going to make a big difference in my life. If you really think it’s a good idea and you want to do that, go ahead.” Stewart decided to call the new product Slack, and it soon became the fastest growing enterprise software company of all time before SalesForce acquired it for $27.7 billion in July 2021. Ben points out an important lesson here: “A lot of the process is do you have a secret? Do you know something that nobody else knows? And because [Stewart] was pulling his hair out, literally smoking 8 packs of cigarettes a day, trying to get Glitch out the door, he was doing everything to optimize that development, and so he learned where software development was suboptimal… And that’s a really big key. You have to do something really hard if you want to learn something about the world that nobody else knows or is acting on. That’s when you have a breakthrough. But it starts with hard work.” Video source: UC Berkeley SCET (2020)

Startup Archive

81,759 görüntüleme • 1 yıl önce

Ben Horowitz tells the story of Slack’s pivot from a failed gaming app into a $28 billion company Ben recalls investing in Stewart Butterfield’s new company Tiny Speck. In 2001, Stewart began building an online game, pivoted into Flickr, and the company was acquired by Yahoo in 2005 for $25 million. In early 2009, Stewart decided he wanted to try building the online game again. This time, it would be called Glitch. Ben tells the story: “And so he builds Glitch. I love Glitch - it was a marvelous game. But it had two major problems. One, he started it in 2006 and built on Flash before Steve Jobs declared war on Flash. So it wasn’t going to work on the iPhone. And then the other problem was people would finish the game in two days, and so that’s not very good for retention.” After raising more than $15 million to build Glitch, Stewart called Ben to tell his investor that they only had $6 million left: “Ben, I’ve got $6 million left. I have no way to raise money because I’ve made really no progress because of these issues. It’s going to cost me more than $6 million to finish the game. So I’ve got three choices. I can pray for rain and try and finish it. I can shut down the company and give you your $6 million back. Or we build this tool that we use in our engineering team to communicate with each other and make engineering work a little better, and I could just put that out as a product.” Ben replies: “What? You just like built some tool to talk to each other and you want to put that out as a product? And you’re a consumer guy and you want to become an enterprise software guy?” Stewart says, “Yeah, I think it’d be a pretty good idea.” And so Ben said, “$6 million isn’t going to make a big difference in my life. If you really think it’s a good idea and you want to do that, go ahead.” Stewart decided to call the new product Slack, and it soon became the fastest growing enterprise software company of all time before SalesForce acquired it for $27.7 billion in July 2021. Ben points out an important lesson here: “A lot of the process is do you have a secret? Do you know something that nobody else knows? And because [Stewart] was pulling his hair out, literally smoking 8 packs of cigarettes a day, trying to get Glitch out the door, he was doing everything to optimize that development, and so he learned where software development was suboptimal… And that’s a really big key. You have to do something really hard if you want to learn something about the world that nobody else knows or is acting on. That’s when you have a breakthrough. But it starts with hard work.” Video source: UC Berkeley SCET (2020)

Startup Archive

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"And so sometimes like God speaks to me, I think primarily God speaks through me through action. And I think he speaks through everyone through action. You know, we like to talk a lot, but not a lot of people like to live it out. And I make mistakes, but I want to try to live it out to the best of my ability. I think secondly, through the way of communication, I've always had a heart to make complex ideas simpler to understand because I'm not a smart guy. I have a hard time reading Shakespeare and complex literature, so I like doing that. But sometimes I'll be sitting and talking with someone, and I feel like God tells me something about the person. They're struggling with something or if they've got a physical ailment and I'll ask. And sometimes it's true. Sometimes it's not. I'm not not discouraged if it's right or wrong, but if it's right, sometimes God speaks through that way. Those are a few ways God speaks through me, but, but the intrusive thing is so beautiful because I think he can speak to everyone intrusively and it is so sweet when it happens. And it was, it was happening this morning to me in the shower, which is so sweet and beautiful, you know. I struggle a lot with what people think about me because I've always struggled with people pleasing before being a Christian. And so, you know, if I'm misunderstood or someone takes something in the way that I didn't say it, I get hurt because I'm like, oh, I didn't mean it that way. Or, you know, whatever. So I'm kind of talking to Jesus and I'm in the shower praying and I'm going, man, God, I want to be more like you. I want to be how you want me to be. I want to love you. And I want to be your son. And I just want to focus on being yours. And I don't want to care what other people think. And this, this and that. And Jesus was speaking to me about some practical things I needed to do. Like it would help you if you, you know, stopped looking at what people say online. It would help if you deleted Instagram. And it would help if you did this. And, it would help if you would just trust other people to do what they're supposed to do. So you can focus on being mine. And I'm sitting there in the shower going like, wow, this is so good. And it's so hard, but it's so good." Bryce Crawford, Minister

Tetragrammaton

98,771 görüntüleme • 2 ay önce

J.R. Smith says he regrets wasting $60,000 in strip clubs when he could've helped his community “I got Paul George sitting right here. I got DeMar DeRozan right here. I got Russell Westbrook sitting right here. I'm literally sitting next to all of these dudes who are LA guys” “I'm like, ‘Bro, I'm not counting your chips, but everybody else is. You make $200 million, you make $200 million, you make $175 million, you make $150 million, you make $180 million. Why don't y'all have your own gym? Why we got to go to UCLA to work out in LA every time?” “Y'all come from the exact same community. You want to inspire kids that look like you. All it takes is five of us. What bank gonna turn us down. We 'bout to build this whole thing out for our community. We're gonna build gyms, rec centers, start leagues and all that. Who's gonna stop us. We got the money. We don't have the mindset” “Our mindset, we'd rather go throw $60,000 in the club, in the strip club, than go feed 2,500 people in the hood. Think about it. I've done it. I can't sit here and be like, ‘Oh man, I'm a hypocrite.’ I've done this myself. I've thrown money in the club, literally blindly, aimlessly, drunk. And now I sit back, ‘I'm a stupid ass.’ I could have fed my whole community 10 times over with the money I was just late on the bus” “Because I'm so wrapped into me. I got that Eurocentric mindset. I need this designer jacket. I need these jeans. I need this book bag. I need to be looking like this because the vets got this thing, I'm pushing this car, I'm doing... Why? Who am I impressing. I'm not even fulfilled with me”

dank

2,263,264 görüntüleme • 19 gün önce

.Naval: There was a story that I read about Elon Musk that really affected me, which was when he was talking to Bill Gates, and Bill Gates had just taken out some huge short on Tesla. It was like a billion dollar short or something. And, Elon was like, “Why would you do that? Why would you short Tesla?” And Bill goes, “Well, you know, I talked to my financial advisors and I looked at the math and there’s no way it’s overvalued. And so I’m going to make money on the short.” And Elon goes, “What do you care about making money? I thought you were into electric cars and climate change and saving the world. What are you doing trying to save a few bucks and betting against Tesla?”. And he just walked away in disgust. And I think he never talked to Bill Gates after that. And that’s when I realized, like, Elon’s a purist. He means what he says. The money is a tool for him to get what he’s trying to do. And so I take him at face value, which is the crazy thing, because a lot of people who set these audacious goals to inspire people, you kind of know they don’t really mean it. Elon, I take at face value. So I really do think he intends to get to Mars. I don’t think he’s joking about that. And I think he means to get there within a defined window of time. And I don’t think it’s just like an inspirational, faraway goal. I think he’s very, very concretely going to do whatever it takes. Because Elon doesn’t want to go down in history as the electric car guy or even the guy who saved America guy. He wants to go down as a guy who got humanity to the stars. Again, I’ll give him more credit than that. I don’t even think he wants to go down as the “I got humanity to the stars” guy. He’s just like, “I want to get to the stars, and so I have to make it happen in this lifetime. The only way that I get to experience the science fiction world in my head is if I get to the stars.” And so that’s so inspirational. I think that drives everything. So I think the government was just a thing that got in his way.

Arjun Khemani

2,736,332 görüntüleme • 1 yıl önce

Joe Rogan explains how Floyd Mayweather went broke: "Imagine making $750 million and you're 49. You're broke." Joe: "Do you see all the stuff that's going on with Floyd?" Tony: "Yeah. I can't wrap my head around it. I don't understand how someone makes that much money and doesn't pay taxes or whatever." Joe: "Yeah. Well, I could tell you how.. you run out of money. You know, you spend so much money on things." Tony: "Do you think he has a business manager?" Joe: "Maybe he wasn't looking out for his best interest" Tony: "I mean, you got to put somebody in charge of that amount of money." Joe: "You would think $750 million would last you a while. He's not even 50." Joe: "Put some away. But the thing is, it's like that lifestyle. His lifestyle was all about showing you his wealth. He's 49. Imagine making $750 million and you're 49. You're broke." Joe: "That's crazy. But Tyson talks openly about how he spent hundreds of millions of dollars, just went through it. You know, if you're living that life where you're just wearing diamonds everywhere and you're buying crazy watches, and you know, Floyd does these things. You ever seen the way he'll go into a hotel room when he's traveling and he talks about the watches that he brought, and so he opens up suitcases with millions of dollars in watches? He just opens suitcases. You ever seen these?" Tony: "No." Joe: "Find them because they're kind of hilarious." Tony: "He's just trying to figure out which one he wants to wear. He brings them all with him." Joe: "Yeah. He's just showing off. He's showing off that he's got two suitcases filled with diamond-encrusted Patek Philippes and the most high-end watches. Look at this. Do you have the clip?" Joe: "Here it is. Look. Play, put some volume on this. Look at this." Floyd: "People are always in my business, worried about what I'm doing, what Floyd is doing, what Floyd ain't doing, what I do got, what I don't got. Just know I'mma stay in my lane. I ain't going to [__] with nobody. And I don't want nobody [__] with me. If I go on vacation, my fault. When I go on paycation for 30 days, I take 30 watches with me." Floyd: "But you know what? What's crazy is this: if we add 10 more days, I take 10 more watches. But then I say, 'Fuck it. If I want to bring out the one and only, then I bring out the watch that cost $18 million.'" Floyd: "Matter of fact, you know what I'm going to do for you [__] haters today? I'm going to go [__] off $50,000 cuz I ain't got [__] else to do. Money made all [__] day." Joe Rogan: "That's the problem. So that you can only do for so long. So if you have one $18 million watch, like, okay, let's not get crazy. Let's not get crazy. You wanted to get it, you got it. You have $750 million. You have one $18 million watch. You can't have 18 watches that cost millions of dollars, because you're going to need more. You're going to keep wanting to buy more. You're going to run out of money. How many Rolls-Royces do you have? Okay. Each one of those is a half a million dollars. You have four or five of them. How many Ferraris? You got 10 Ferraris. Okay. what? Some of those Ferraris are almost a million dollars. You have 10 almost a million dollar cars. Okay. So, just in watches and cars alone, we're looking at 50, 60 million. And then you have to make 120 plus to actually have 60."

Tony Jacob | FindaClip.com

692,812 görüntüleme • 1 ay önce

How Jason Calacanis Got Claw-Pilled: An AI Agent Prompted Itself to Build Him a CRM in Seconds “ The moment I became Claw-pilled, I was like, ‘Hey, I want to build my network, I know these 20 people in Japan, I had dinner with them during my recent trip, I want to know who they know, so check out LinkedIn and other things, and who they're associated with, and make me a mind map of it, and then the next trip I want to meet with the next circle of those connections.’” “It's like, ‘Okay, I got the results,’ and it said, ‘Where do you want me to put them?’” “I was like, ‘Well, where can you put them?’” “And it said, ‘I can put it in a Google sheet, I can put it in a Notion table, I can put it here, I could give you a PDF, I could give you a CSV file, or I could write you a CRM.’ And I was like, ‘Yeah, sure, make me a CRM system…’ and it made a CRM system.” “I think maybe 1/1000 people working with AI have had that experience. Maybe it's 1/10,000, where your agent says, ‘I'll make you bespoke software.’ The context is so good because the memory's getting better. When did that happen?” Perplexity CEO Aravind Srinivas: “I think it happened with Opus 4.5. That was the inflection point when models started being amazingly good at orchestration, and reasoning, and tool calls.” “The models started becoming very good at handling the context, so the context window no longer became a problem, and that made it suddenly so good at doing very long orchestration tasks.” —------------------------------------------ Our episode is sponsored by the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE 🏛 -

The All-In Podcast

170,961 görüntüleme • 4 ay önce

Matthew McConaughey reveals the three words his dad said that changed his life “I said dad, I don't want to go to law school anymore. I want to go to film school and after about a 5 second pause, he goes, ‘Are you sure that's what you want to do?’ I reply yes sir” “Another long pause. Then I hear, ‘Well, don't halfass it’” “I remember just beaming, hopping up just like Yes! My dad not only said okay. The way he said don't halfass it, it was also, okay. Let's go big boy. Own that shit. Get some leverage. Get some horsepower behind where you're going. Go do it” “I remember to this day and I've learned this later I think from becoming a father, part of what I believe happened to him and why he said that to me that way on that call was the way that I asked him. I wasn't really asking. It was, ‘I don't want to go to law school, Dad. I want to go to film school.’ I didn't stutter. He heard his son saying this is what I want to do” “What I think happened to him in that moment is what I think any father, any parent loves. You raise your kids in a certain way and you give them a guideline, a ladder to climb and here's the guidelines and if you do it this way, you're most likely going to have some success in life and it'll work out for you and then when we do it that way, we can be proud parents” “But what do we really want to happen when our kids are out of the house and they're on their own? We kind of want them to call one day and go, ‘I'm breaking out. I'm going my own way.’ And as a parent, we go, as much as it may scare us, we're going, ‘Yes!’ I gave my kid the confidence and the courage and the foundation to say they're going to go their own way” “In a way, I think every parent honors and loves that moment. I heard my dad, when he didn't hear me stutter, when he heard me directly say what I said. I wasn't really asking him. Even though I was out of respect asking him, the way I said it, I wasn't asking him and I think he felt that” “Don't halfass it”

Jack

1,184,451 görüntüleme • 2 ay önce

Sam: ...my wife moved out, started having an affair with a coworker, and now has come back and wants to stay married but shows little to no remorse for what she did. And acts like it's not a big deal. Um, she also said to me last week in conversation, uh, that she still has feelings for this guy that she works with, but it doesn't matter because they don't talk or spend time together anymore. Um, I'm not really sure what to do. I've lost a lot of respect for my wife, and I also just don't trust her, um, for a multitude of reasons. And then I kind of want to add to that, um, that after she left and moved out, um, I went and slept with someone that I don't have contact with, that I don't have feelings for, so... John Delony: Sure, cuz why not, right? Cuz why not? You showed her, huh? Sam: Yeah. John Delony: You showed her. Sam: Yeah, so this is... I just turned 30 this year, and this is like, not really what I'd envisioned for my life. And I just, I hear you say all the time, you know, "I'll sit with you and help you figure out the next right move," and it's like, I just really don't know what to do, John. John Delony: Yeah. Can I be super honest with you, Sam? Sam: Yeah. John Delony: I think you do know. You don't want to. I think you 100% know. So, let me ask you: what is, um, what's terrifying over that next hill? Because you know the hill you got to cross. Sam: And we have a baby that's about to be two next week, or actually on Sunday. Um, and then I have a stepdaughter that I've raised, her daughter since she was a year old, calls me dad. And so, um, I desperately want to, you know, be with my girls and, you know, wake up in the morning and, and you know, get them dressed for school like this morning. And I want that, and I really just want to have a quote-unquote "normal life." John Delony: And you don't. And you don't. Sam: I don't.

Brown Legacy

49,469 görüntüleme • 1 ay önce