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In 2023, Harvard hosted Michael Skok's 87-min masterclass on building products customers actually buy. 2.9M people have watched it. His frameworks: - ideas are two cents - the 4 U problem test - the minimum viable segment 12 lessons:

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50,617 görüntüleme • 4 ay önce •via X (Twitter)

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Michael Seibel on how to get and test startup ideas As the former CEO of Y Combinator puts it in the clip below: “There’s a common misconception that your idea has to be great to start a company, and the first thing I want to do is destroy that misconception.” Michael was one of the cofounders of JustinTV, which later become Twitch and sold to Amazon for almost $1B. Their original idea was to create an online reality TV show—very different from where Twitch eventually ended up. Rather than falling for the trap of thinking that your initial startup idea has to be great, Michael advises founders to start with a problem: “Starting with ideas is tricky because people immediately want to grade your idea. It’s a lot easier to start with a problem and think about how you grade a problem.” Ideally the problem you set out to solve is one you've experienced personally or have some sort of connection to. You should ask yourself: “why am I uniquely qualified to work on this problem?” Is there some unique angle or approach you're taking to the problem that you understand but you don't believe others understand? Peter Thiel argues that “great companies have secrets: specific reasons for success that other people don’t see." After identifying a problem, you’ll want to start thinking about your MVP. What's the first solution you're going to build and release to see if you can help your initial users solve this problem? But don’t fall in love with your MVP. As Michael puts it: “A lot of people fall in love with their product and are not in love with their problem or their customer. I advise the opposite. Be in love with your problem. Be in love with your customer. And treat your product in a way that can change, develop, and improve.” And once you have an MVP, you should have a strong opinion about who your initial customer is and handpick all of your initial users. The goal with an MVP is not to see how many people want to use your product. It's to see if your solution actually solves the problem for your initial target customers. “The best startups very heavily filter the people who are able to use the initial product and make sure that they’re the right type of initial customer.”

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HOWARD MARKS ON THE MOST EXPENSIVE LESSON OF SELLING TOO EARLY: "Amazon was $90 in 1999. When the tech bubble burst, it went to $6. It was down 93%." "What if you were smart enough to buy it at $6? Would you have held to $12? What about $60? You've made 10 times your money, would you sell?" "What about when it got to $600? You made 100 times your money. Most people would sell." "At the time I wrote it, Amazon was $3,300. If you sold at $600, you left 85% of the money on the table." "Buffett says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4. The big mistake is getting off too soon."

HOWARD MARKS ON THE MOST EXPENSIVE LESSON OF SELLING TOO EARLY: "Amazon was $90 in 1999. When the tech bubble burst, it went to $6. It was down 93%." "What if you were smart enough to buy it at $6? Would you have held to $12? What about $60? You've made 10 times your money, would you sell?" "What about when it got to $600? You made 100 times your money. Most people would sell." "At the time I wrote it, Amazon was $3,300. If you sold at $600, you left 85% of the money on the table." "Buffett says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4. The big mistake is getting off too soon."

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Santa Cruz says most people aren’t getting deep sleep (that’s why they have low testosterone) “The problem is most people can’t wind down. I struggle with it too. We’re all on our phones, there’s so much going on” “Do the 4-7-8 breathing. You breathe in for four, hold for seven, exhale for eight. Do that for 5–10 minutes in the dark. Make your room completely dark, you’re not actually getting deep sleep otherwise. Sleep is the No. 1 thing for test”

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Ex-Google CEO Eric Schmidt on what many of the greatest products have in common "If you think about the greatest products, they've almost always been designed for the benefit of the people who are actually building them." Uber is one example. The original Uber was a private timeshare limousine service for Garrett Camp and his friends. Google is another: “Larry and Sergey built Google for Stanford—and particularly for themselves. The server was in Larry’s dorm room…. They opened up the server for the entire campus, and the usage was phenomenal. Andy Bechtolsheim heard about it through David Cheriton and wrote a $100,000 check. They didn’t have a name for a company… Sergey left it in his wallet for a month until they had the name Google invented.” Video source: Greylock Partners (2015)

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“Our history really gives two lessons; one is what human beings can do that is terrible, including self-destruction. But there is another side when we recover from all this, that human beings actually have in them, the better side that can also move them to a good future that they actually deserve. For us in Rwanda we are between these two things. We hope the young people today, whom we invest in as a country, can learn a lasting lesson from all this.” President Kagame on his greatest hope in Rwanda’s young people | Milken Asia Summit #MIGlobal

“Our history really gives two lessons; one is what human beings can do that is terrible, including self-destruction. But there is another side when we recover from all this, that human beings actually have in them, the better side that can also move them to a good future that they actually deserve. For us in Rwanda we are between these two things. We hope the young people today, whom we invest in as a country, can learn a lasting lesson from all this.” President Kagame on his greatest hope in Rwanda’s young people | Milken Asia Summit #MIGlobal

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Victor Davis Hanson just gave the most powerful breakdown yet of Charlie Kirk’s entire message to America’s youth. It was a one-minute masterclass. His bottom line: “You are the revolutionaries.” “What Charlie Kirk was telling young people is you are living in a society in which the baby boomers of the 1960s and 70s are now the establishment, and they are ossified, they are calcified, they have no new ideas.” “They still are trapped in the amber of a sort of revolutionary idea of the 60s and 70s. DEI, critical race theory, critical legal theory, radical green environmentalism, open borders.” “The result of all this is that you, the youth of America, are told not to do what history says will make you happy, to get married, to have more than two children, or at least two children, to buy a home, to be active in your community, to be patriotic, to be traditionalist.” “These are things that are not establishment, Kirk was telling young people on campus, these are counter-revolutionaries. YOU are revolutionaries.” “So what he asked young people to do is to, say, REBEL.”

Victor Davis Hanson just gave the most powerful breakdown yet of Charlie Kirk’s entire message to America’s youth. It was a one-minute masterclass. His bottom line: “You are the revolutionaries.” “What Charlie Kirk was telling young people is you are living in a society in which the baby boomers of the 1960s and 70s are now the establishment, and they are ossified, they are calcified, they have no new ideas.” “They still are trapped in the amber of a sort of revolutionary idea of the 60s and 70s. DEI, critical race theory, critical legal theory, radical green environmentalism, open borders.” “The result of all this is that you, the youth of America, are told not to do what history says will make you happy, to get married, to have more than two children, or at least two children, to buy a home, to be active in your community, to be patriotic, to be traditionalist.” “These are things that are not establishment, Kirk was telling young people on campus, these are counter-revolutionaries. YOU are revolutionaries.” “So what he asked young people to do is to, say, REBEL.”

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