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Elon Musk explains how to get startup ideas When asked how he comes up with startup ideas, Elon responds: “I tend to think of things from a sort of physics standpoint… what’s the best way to accomplish something? And then pursue that. That’s also a good way to determine...

33,984 просмотров • 3 месяцев назад •via X (Twitter)

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Elon Musk explains his idea generation process in 2 minutes: "I tend to think of things from a physics standpoint, from a first principles standpoint. What would be the best way to accomplish something? And then pursue that." Elon explains how this reveals hidden opportunities: "That's also a good way to determine if something is far from its optimum. On rockets, for example, you could reason by analogy and say the rocket's gonna cost a certain amount because that's what prior rockets have cost. Or you can say: What is a rocket made of? What are the material constituents? What do they weigh? What's the cost per unit mass? That sets the limit asymptotically for what a rocket can be. So if you can figure out some creative way to rearrange those elements into a rocket shape, you can achieve a much better outcome." He shares a second source of ideas: "Combining ideas from different industries is really helpful for innovation. What have people discovered in one industry that can be applied to other industries? That's a great source of ideas." Elon also explains why he started with software: "The great thing about software or anything which just involves intellectual capital is that you and a few friends can just do it. That's why doing some sort of internet thing is great as an initial company. That's why Zip2 and PayPal gave me the capital to attempt more capital-intensive activities." He concludes: "Usually you just struggle on a solution. You try a bunch of things. Most of them don't work. Occasionally one does."

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Mark Zuckerberg’s advice to 19 year olds that want to have an impact Even though Zuckerberg was 19 when he started Facebook, he advises not turning your idea into a company until it’s working: “I always think the most important thing entrepreneurs should do is pick something they care about and work on it, but don’t actually commit to turning it into a company until it’s working. If you look at the data of the very best companies, I think a tremendous percentage of them have been built that way and not from people who decided upfront that they wanted to start a company because you just get locked into a local maxima a lot of the time.” Sam Altman agrees. Facebook didn’t become a formal company until 6 months in when Peter Thiel invested. In fact, Mark and Dustin Moskovitz even told Peter that they were still planning on going back to school for their Fall semester. Paul Graham gives similar advice in his essay “Want to start a startup?”: “So if you want to start a startup one day, what should you do in college? There are only two things you need initially: an idea and cofounders… [and] the way to get startup ideas is not to try to think of startup ideas… if you make a conscious effort to think of startup ideas, the ideas you come up with will not merely be bad, but bad and plausible-sounding, meaning you'll waste a lot of time on them before realizing they're bad. The way to come up with good startup ideas is to take a step back. Instead of making a conscious effort to think of startup ideas, turn your mind into the type that startup ideas form in without any conscious effort. In fact, so unconsciously that you don't even realize at first that they're startup ideas. This is not only possible, it's how Apple, Yahoo, Google, and Facebook all got started. None of these companies were even meant to be companies at first. They were all just side projects. The best startups almost have to start as side projects, because great ideas tend to be such outliers that your conscious mind would reject them as ideas for companies.”

Startup Archive

147,627 просмотров • 2 лет назад

Nick Saban explains the difference between a mistake that deserves getting chewed out and one that deserves encouragement “I always sort of had a lot of respect for the fact that any player that’s a competitor wants to do well. And I think when you start with that, you have a better perspective because you look at things from their perspective, not your perspective. And I think that’s very helpful.” “Sometimes when guys are not doing intangible things, whether it’s giving effort or focusing or making mental errors or things that they can actually control, that is something that you can’t tolerate. And you really want to maybe sometimes get after a guy a little bit for it.” “But when guys are doing those things and just not having success, I think that’s when you want to pat them on the back and get them to believe in themselves and have an understanding if they continue to do things the right way, they will eventually have success.” “And every player’s different. Sometimes you got guys that are obsessive-compulsive type personalities that are really hard on themselves, and I don’t think you need to get on those guys because they’re already getting on themselves.” “Then you have other guys that may not be self-starters, and you got to push them a little bit more to get them to be what they’re capable of being. I think all those things were factors in how you kind of approach a player and try to get him to be the best he can be.” “I always tried to focus on the individual and not look at it like one size fits all, and try to take the best approach with that particular guy to help him have success.”

Josh Chambers

98,694 просмотров • 14 дней назад

Q: I’m 19 today and want to have a big impact on the world. Should I start a company? Even though Mark Zuckerberg was 19 when he started Facebook, he advises not turning your idea into a company until it’s working: “I always think the most important thing entrepreneurs should do is pick something they care about and work on it, but don’t actually commit to turning it into a company until it’s working. If you look at the data of the very best companies, I think a tremendous percentage of them have been built that way and not from people who decided upfront that they wanted to start a company because you just get locked into a local maxima a lot of the time.” Sam Altman agrees. Facebook didn’t become a formal company until 6 months in when Peter Thiel invested. In fact, Mark and Dustin Moskovitz even told Peter that they were still planning on going back to school for their Fall semester. Paul Graham gives similar advice in his essay “Want to start a startup?”: “So if you want to start a startup one day, what should you do in college? There are only two things you need initially: an idea and cofounders… [and] the way to get startup ideas is not to try to think of startup ideas… if you make a conscious effort to think of startup ideas, the ideas you come up with will not merely be bad, but bad and plausible-sounding, meaning you'll waste a lot of time on them before realizing they're bad. The way to come up with good startup ideas is to take a step back. Instead of making a conscious effort to think of startup ideas, turn your mind into the type that startup ideas form in without any conscious effort. In fact, so unconsciously that you don't even realize at first that they're startup ideas. This is not only possible, it's how Apple, Yahoo, Google, and Facebook all got started. None of these companies were even meant to be companies at first. They were all just side projects. The best startups almost have to start as side projects, because great ideas tend to be such outliers that your conscious mind would reject them as ideas for companies.”

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494,591 просмотров • 3 лет назад