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LinkedIn founder Reid Hoffman: “It’ll take somewhere between three and five companies to be successful” Reid Hoffman’s first startup, SocialNet, failed before he went on to help build PayPal and found LinkedIn. In the clip below, he explains what he told his dad before starting SocialNet: “It’ll take somewhere...

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a16z co-founder Ben Horowitz: “Don’t follow your passion” Ben gives this advice to the Columbia University class of 2015: “Don’t follow your passion. Now I know you’re probably thinking: ‘That’s a really dumb idea because if you poll 1,000 people who are successful, they’ll all say they love what they do. And so the broad conclusion of the world is that if you do what you love, then you’ll be successful.’ But we’re engineers, so we know that might be true. It also might be the case that if you’re successful, you love what you do — you just love being successful, everybody loves you, it’s awesome. So which one is it?” He continues: “The first tricky thing about passions is they’re hard to prioritize. Are you more passionate about math or engineering? Are you more passionate about history or literature? Are you more passionate about video games or K-pop? These are tough decisions. How do you even know? On the other hand, what are you good at? Are you better at math or writing? That’s a much easier thing to figure out. The second thing that’s tricky if you’re going forward in time with this ‘follow your passion’ idea is that what you’re passionate about at 21 is not necessarily what you’re going to be passionate about at 40. Now this is true for boyfriends, as well as career choices. The third issue with following your passion is that you’re not necessarily good at your passion. Has anybody ever watched American Idol? So you know what I’m talking about. Just because you love singing doesn’t mean you should be a professional singer. And then finally, and most importantly, following your passion is a very ‘me-centered’ view of the world. And when you go through life, what you’ll find is that what you take out of the world — money, cars, stuff, accolades — is much less important than what you put into the world. And so my recommendation would be to follow your contribution. Find the thing that you’re great at, put that into the world, contribute to others, help the world be better. That is the thing to follow.” Video source: a16z (2015)
2:43

a16z co-founder Ben Horowitz: “Don’t follow your passion” Ben gives this advice to the Columbia University class of 2015: “Don’t follow your passion. Now I know you’re probably thinking: ‘That’s a really dumb idea because if you poll 1,000 people who are successful, they’ll all say they love what they do. And so the broad conclusion of the world is that if you do what you love, then you’ll be successful.’ But we’re engineers, so we know that might be true. It also might be the case that if you’re successful, you love what you do — you just love being successful, everybody loves you, it’s awesome. So which one is it?” He continues: “The first tricky thing about passions is they’re hard to prioritize. Are you more passionate about math or engineering? Are you more passionate about history or literature? Are you more passionate about video games or K-pop? These are tough decisions. How do you even know? On the other hand, what are you good at? Are you better at math or writing? That’s a much easier thing to figure out. The second thing that’s tricky if you’re going forward in time with this ‘follow your passion’ idea is that what you’re passionate about at 21 is not necessarily what you’re going to be passionate about at 40. Now this is true for boyfriends, as well as career choices. The third issue with following your passion is that you’re not necessarily good at your passion. Has anybody ever watched American Idol? So you know what I’m talking about. Just because you love singing doesn’t mean you should be a professional singer. And then finally, and most importantly, following your passion is a very ‘me-centered’ view of the world. And when you go through life, what you’ll find is that what you take out of the world — money, cars, stuff, accolades — is much less important than what you put into the world. And so my recommendation would be to follow your contribution. Find the thing that you’re great at, put that into the world, contribute to others, help the world be better. That is the thing to follow.” Video source: a16z (2015)

Startup Archive

358,054 Aufrufe • vor 7 Monaten

Kevin O’Leary reveals the simple daily rule that made Steve Jobs and Elon Musk so successful. If your ratio falls below 70%, “you will fail.” Steve Jobs woke up every day with 3 things he wanted to get done. Anything that distracted him from his goals was noise. His rule was 80% signal (getting things done) and 20% noise. “When somebody walks in the office and says, ‘Hey, I want to talk about the golf game or the football game or the cricket game,’ you say, ‘No, I’m busy,’” O’Leary explained. “You’re finishing your three things. And you say, ‘No, I’m busy,’ until you finish the three things.” “Now, if you do that, as you will find, you will become immensely successful.” “And the only guy on earth that I’ve seen that has a higher signal-to-noise ratio is Elon Musk. I’ve only met him a few times, but he is 100% signal.” “And so he’ll walk right away out of a conversation the minute you’re wasting his time. If he’s not getting any useful information towards his three things, he’s out of there. And look at how successful both these men are.” “So if you’re listening to this, you better understand signal versus noise. It’s the most important thing in your life because you will fail if your ratio goes below 70%.” “And when I look at people, and you ask me, why do so many fail? Because they can’t get past 70%.”
2:17

Kevin O’Leary reveals the simple daily rule that made Steve Jobs and Elon Musk so successful. If your ratio falls below 70%, “you will fail.” Steve Jobs woke up every day with 3 things he wanted to get done. Anything that distracted him from his goals was noise. His rule was 80% signal (getting things done) and 20% noise. “When somebody walks in the office and says, ‘Hey, I want to talk about the golf game or the football game or the cricket game,’ you say, ‘No, I’m busy,’” O’Leary explained. “You’re finishing your three things. And you say, ‘No, I’m busy,’ until you finish the three things.” “Now, if you do that, as you will find, you will become immensely successful.” “And the only guy on earth that I’ve seen that has a higher signal-to-noise ratio is Elon Musk. I’ve only met him a few times, but he is 100% signal.” “And so he’ll walk right away out of a conversation the minute you’re wasting his time. If he’s not getting any useful information towards his three things, he’s out of there. And look at how successful both these men are.” “So if you’re listening to this, you better understand signal versus noise. It’s the most important thing in your life because you will fail if your ratio goes below 70%.” “And when I look at people, and you ask me, why do so many fail? Because they can’t get past 70%.”

The Vigilant Fox 🦊

215,158 Aufrufe • vor 1 Monat

Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”
2:44

Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”

Startup Archive

36,050 Aufrufe • vor 1 Jahr

Q: How do you build a great company? In the clip below, Sam Altman walks through 9 things he has seen the best founders do: #1 Get to know your users really well “The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.” #2 Have a short cycle time & understand compound growth “The cycle here is basically: talk to customer to understand pain point → build product to address that → get product in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.” #3 Make a long-term commitment “Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.” #4 Stay lean until everything is working really well “In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.” #5 Resist the urge to hire; especially resist the urge to hire mediocre people “Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of their time recruiting and retaining good talent.” #6 Relentless execution “You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with your company.” #7 Startups are about not giving up “One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.” #8 Fiduciary duty to take care of yourself “This is a 10-year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.” #9 Clear mission “You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two years—figure out a really important mission. It’s this mission that gets people to join them. It drives the founders. It gets the media to write about them. And even if you start off building a project that’s just interesting to you and solves a problem in your life—which is how you should start—remember that you should have a clear mission at some point… That is what will convince people to come help you, and that is how you will build this idea into a huge company with a ton of people that really love your product.” Follow Startup Archive for more tactical startup advice!
5:28

Q: How do you build a great company? In the clip below, Sam Altman walks through 9 things he has seen the best founders do: #1 Get to know your users really well “The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.” #2 Have a short cycle time & understand compound growth “The cycle here is basically: talk to customer to understand pain point → build product to address that → get product in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.” #3 Make a long-term commitment “Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.” #4 Stay lean until everything is working really well “In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.” #5 Resist the urge to hire; especially resist the urge to hire mediocre people “Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of their time recruiting and retaining good talent.” #6 Relentless execution “You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with your company.” #7 Startups are about not giving up “One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.” #8 Fiduciary duty to take care of yourself “This is a 10-year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.” #9 Clear mission “You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two years—figure out a really important mission. It’s this mission that gets people to join them. It drives the founders. It gets the media to write about them. And even if you start off building a project that’s just interesting to you and solves a problem in your life—which is how you should start—remember that you should have a clear mission at some point… That is what will convince people to come help you, and that is how you will build this idea into a huge company with a ton of people that really love your product.” Follow Startup Archive for more tactical startup advice!

Startup Archive

407,653 Aufrufe • vor 2 Jahren

🚨 BREAKING: Anduril Founder Palmer Luckey Responds to President Trump’s New Restrictions on Defense Companies “These measures do apply to me. I now cannot pay dividends. I now cannot do stock buybacks, if I’m not investing in new [manufacturing] plants.” “[President Trump] isn’t anti-defense or anti-defense company, that’s for sure.” “I think that when you are effectively run on the public’s wallet, the public should be able to impose whatever restrictions they want on you.” “If they want to say that I only pay myself $5m until I’m caught up with my schedules, they should be allowed to do that.” “It’s even good to scare some people sometimes… You remember being a teenager? Your parents say: ‘You’re grounded until you bring up your grades... then we will talk.’” You don’t necessarily go to [defense companies] and say: ‘This is the way it’s going to be forever.’ You say: ‘This is how it’s going to be until you get your act together.’”
2:38

🚨 BREAKING: Anduril Founder Palmer Luckey Responds to President Trump’s New Restrictions on Defense Companies “These measures do apply to me. I now cannot pay dividends. I now cannot do stock buybacks, if I’m not investing in new [manufacturing] plants.” “[President Trump] isn’t anti-defense or anti-defense company, that’s for sure.” “I think that when you are effectively run on the public’s wallet, the public should be able to impose whatever restrictions they want on you.” “If they want to say that I only pay myself $5m until I’m caught up with my schedules, they should be allowed to do that.” “It’s even good to scare some people sometimes… You remember being a teenager? Your parents say: ‘You’re grounded until you bring up your grades... then we will talk.’” You don’t necessarily go to [defense companies] and say: ‘This is the way it’s going to be forever.’ You say: ‘This is how it’s going to be until you get your act together.’”

Anduril Appreciator

2,063,674 Aufrufe • vor 6 Monaten

Max Levchin on how Peter Thiel reacted to losing his entire investment in Luke Nosek’s failed startup When assembling the found team for PayPal, Max Levchin wanted to recruit Luke Nosek. But he was worried at how Peter Thiel would react given that Peter lost his entire investment in Luke’s failed startup SmartCal: “I was certain that Luke and Peter would not get along because Luke had just lost all the money Peter invested in his startup… I never had investors up until this point, so I was really not familiar with the relationship you have” With trepidation he told Peter that Luke was really bright and worth trying to work with again. And he was surprised at Peter’s response: “Oh of course. I should’ve thought of that myself.” So you’re not mad it him? Max asked. “No, he’s brilliant.” Then Peter recruited Luke while Max recruited the rest of the PayPal founding team. After PayPal, Luke went on to work at Peter Thiel’s venture firm, Founders Fund. I think there’s a really important lesson here. Statistically, the vast majority of startups fail, and the best investors know how hard it is to build something brand new and innovative. Very few people succeed on the first go-around, and it’s not necessarily a reflection on you if your startup fails. Obviously you don’t want to fail, but as Vinod Khosla puts it: to do something exceptional, you have to be willing to fail.
1:02

Max Levchin on how Peter Thiel reacted to losing his entire investment in Luke Nosek’s failed startup When assembling the found team for PayPal, Max Levchin wanted to recruit Luke Nosek. But he was worried at how Peter Thiel would react given that Peter lost his entire investment in Luke’s failed startup SmartCal: “I was certain that Luke and Peter would not get along because Luke had just lost all the money Peter invested in his startup… I never had investors up until this point, so I was really not familiar with the relationship you have” With trepidation he told Peter that Luke was really bright and worth trying to work with again. And he was surprised at Peter’s response: “Oh of course. I should’ve thought of that myself.” So you’re not mad it him? Max asked. “No, he’s brilliant.” Then Peter recruited Luke while Max recruited the rest of the PayPal founding team. After PayPal, Luke went on to work at Peter Thiel’s venture firm, Founders Fund. I think there’s a really important lesson here. Statistically, the vast majority of startups fail, and the best investors know how hard it is to build something brand new and innovative. Very few people succeed on the first go-around, and it’s not necessarily a reflection on you if your startup fails. Obviously you don’t want to fail, but as Vinod Khosla puts it: to do something exceptional, you have to be willing to fail.

Startup Archive

63,626 Aufrufe • vor 2 Jahren

Q: How do you build a great company? In the clip below, Sam Altman walks through 9 things he has seen the best founders do: #1 Get to know your users really well “The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.” #2 Have a short cycle time & understand compound growth “The cycle here is basically: talk to customer to understand pain point → build product to address that → get product in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.” #3 Make a long-term commitment “Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.” #4 Stay lean until everything is working really well “In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.” #5 Resist the urge to hire; especially resist the urge to hire mediocre people “Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of their time recruiting and retaining good talent.” #6 Relentless execution “You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with your company.” #7 Startups are about not giving up “One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.” #8 Fiduciary duty to take care of yourself “This is a 10 year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.” #9 Clear mission “You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two years—figure out a really important mission. It’s this mission that gets people to join them. It drives the founders. It gets the media to write about them. And even if you start off building a project that’s just interesting to you and solves a problem in your life—which is how you should start—remember that you should have a clear mission at some point… That is what will convince people to come help you, and that is how you will build this idea into a huge company with a ton of people that really love your product.”
5:28

Q: How do you build a great company? In the clip below, Sam Altman walks through 9 things he has seen the best founders do: #1 Get to know your users really well “The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.” #2 Have a short cycle time & understand compound growth “The cycle here is basically: talk to customer to understand pain point → build product to address that → get product in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.” #3 Make a long-term commitment “Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.” #4 Stay lean until everything is working really well “In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.” #5 Resist the urge to hire; especially resist the urge to hire mediocre people “Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of their time recruiting and retaining good talent.” #6 Relentless execution “You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with your company.” #7 Startups are about not giving up “One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.” #8 Fiduciary duty to take care of yourself “This is a 10 year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.” #9 Clear mission “You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two years—figure out a really important mission. It’s this mission that gets people to join them. It drives the founders. It gets the media to write about them. And even if you start off building a project that’s just interesting to you and solves a problem in your life—which is how you should start—remember that you should have a clear mission at some point… That is what will convince people to come help you, and that is how you will build this idea into a huge company with a ton of people that really love your product.”

Michael McGuiness

500,017 Aufrufe • vor 2 Jahren

Netflix founder Reed Hastings explains why “family” is a bad metaphor for your startup “The classic metaphor for companies was the family. You’d hire them and be like, ‘We’re a family. We look after each other.’ And that’s kind of baloney because you’ll lay someone off in a way that you wouldn’t your sister. It’s like you want them to work for you like they were a family member — for free and cheap. But you’re not really prepared to treat them like a family member if you’re honest.” Instead of a family, Reed believes that professional sports team is a better metaphor for a company: “Really, the professional relationship is like a sports team. And if you want to win a championship, you’ve got to have incredible talent at every position… We pay people well. We want them to win. And if you have one bad game, you don’t lose your position. But ultimately, you’re fighting for your position every year.” Video source: Greylock Partners (2015)
1:16

Netflix founder Reed Hastings explains why “family” is a bad metaphor for your startup “The classic metaphor for companies was the family. You’d hire them and be like, ‘We’re a family. We look after each other.’ And that’s kind of baloney because you’ll lay someone off in a way that you wouldn’t your sister. It’s like you want them to work for you like they were a family member — for free and cheap. But you’re not really prepared to treat them like a family member if you’re honest.” Instead of a family, Reed believes that professional sports team is a better metaphor for a company: “Really, the professional relationship is like a sports team. And if you want to win a championship, you’ve got to have incredible talent at every position… We pay people well. We want them to win. And if you have one bad game, you don’t lose your position. But ultimately, you’re fighting for your position every year.” Video source: Greylock Partners (2015)

Startup Archive

41,095 Aufrufe • vor 8 Monaten

Netflix founder Reed Hastings explains why “family” is a bad metaphor for your startup “The classic metaphor for companies was the family. You’d hire them and be like, ‘We’re a family. We look after each other.’ And that’s kind of baloney because you’ll lay someone off in a way that you wouldn’t your sister. It’s like you want them to work for you like they were a family member — for free and cheap. But you’re not really prepared to treat them like a family member if you’re honest.” Instead of a family, Reed believes that professional sports team is a better metaphor for a company: “Really, the professional relationship is like a sports team. And if you want to win a championship, you’ve got to have incredible talent at every position… We pay people well. We want them to win. And if you have one bad game, you don’t lose your position. But ultimately, you’re fighting for your position every year.” Video source: Greylock Partners (2015)
1:16

Netflix founder Reed Hastings explains why “family” is a bad metaphor for your startup “The classic metaphor for companies was the family. You’d hire them and be like, ‘We’re a family. We look after each other.’ And that’s kind of baloney because you’ll lay someone off in a way that you wouldn’t your sister. It’s like you want them to work for you like they were a family member — for free and cheap. But you’re not really prepared to treat them like a family member if you’re honest.” Instead of a family, Reed believes that professional sports team is a better metaphor for a company: “Really, the professional relationship is like a sports team. And if you want to win a championship, you’ve got to have incredible talent at every position… We pay people well. We want them to win. And if you have one bad game, you don’t lose your position. But ultimately, you’re fighting for your position every year.” Video source: Greylock Partners (2015)

Startup Archive

63,685 Aufrufe • vor 1 Jahr

Mack Brown shares a can't miss message on habits and success. "If your habits do not lead to your dreams - change your habits." "If I'm not doing the things that I need to do to be successful out here, figure out why and do it. You wanna do it. It's easy to do." Then he delivered the real truth: "It's not what you're capable of doing. It's what you're willing to do." "You are all capable or you wouldn't be here. Every one of you. All of you are really good or they wouldn't have brought you in." "But what are you willing to do?" Many are capable, few are COMMITTED. "Now you should make the choice to be the best you can be and do what you were brought here to do and be a great teammate." You win through your habits and how you show up. The first choice is to show up. The next choice is to commit. Commit, show up, do the work, and stack the days. (🎥Texas Women's Swimming & Diving)
0:45

Mack Brown shares a can't miss message on habits and success. "If your habits do not lead to your dreams - change your habits." "If I'm not doing the things that I need to do to be successful out here, figure out why and do it. You wanna do it. It's easy to do." Then he delivered the real truth: "It's not what you're capable of doing. It's what you're willing to do." "You are all capable or you wouldn't be here. Every one of you. All of you are really good or they wouldn't have brought you in." "But what are you willing to do?" Many are capable, few are COMMITTED. "Now you should make the choice to be the best you can be and do what you were brought here to do and be a great teammate." You win through your habits and how you show up. The first choice is to show up. The next choice is to commit. Commit, show up, do the work, and stack the days. (🎥Texas Women's Swimming & Diving)

Coach AJ 🎯 Mental Fitness

73,752 Aufrufe • vor 2 Monaten

Martin Lewis, founder of MoneySavingExpert. com, on the four things it takes to be really successful, and why the most important one isn't what you'd expect: He opens with a clear framework: "It takes four things to be really successful. Talent, you've all got it, as do many more people than you think. Hard work. If you want to be really successful, you're going to have to work hard. Focus. Zone in on what you're good at." On focus, he pushes back against the idea that you need to be exceptional at everything: "Understand, none of us are unfailingly brilliant at everything. So, find the thing that you're good at and zone in on that. And that is what will create your success." But the fourth factor is where his message turns unexpected: "The most important thing is luck. You can do everything right, but it still not work for you. And you need to know that now." This reframes how he wants people to think about setbacks: "Failing does not make you a failure. Do not judge yourself. See it as a way to learn and to give yourself a better opportunity the next time." Martin Lewis then challenges a common assumption about what success actually delivers: "Success can be stressful. Success is not a synonym for happiness. As you go through your working careers, at sometimes you may want to make a call. Do I continue to push that hard or do I smile at what I've got and enjoy happiness and the other things that life starts to give me?" He closes with a message aimed at those who do make it big: "One or two of you in here will make it really big. If that's you, remember of those four things, the most important one is luck. And that means if you're that super successful one in the room, you have a moral duty to give back."
1:49

Martin Lewis, founder of MoneySavingExpert. com, on the four things it takes to be really successful, and why the most important one isn't what you'd expect: He opens with a clear framework: "It takes four things to be really successful. Talent, you've all got it, as do many more people than you think. Hard work. If you want to be really successful, you're going to have to work hard. Focus. Zone in on what you're good at." On focus, he pushes back against the idea that you need to be exceptional at everything: "Understand, none of us are unfailingly brilliant at everything. So, find the thing that you're good at and zone in on that. And that is what will create your success." But the fourth factor is where his message turns unexpected: "The most important thing is luck. You can do everything right, but it still not work for you. And you need to know that now." This reframes how he wants people to think about setbacks: "Failing does not make you a failure. Do not judge yourself. See it as a way to learn and to give yourself a better opportunity the next time." Martin Lewis then challenges a common assumption about what success actually delivers: "Success can be stressful. Success is not a synonym for happiness. As you go through your working careers, at sometimes you may want to make a call. Do I continue to push that hard or do I smile at what I've got and enjoy happiness and the other things that life starts to give me?" He closes with a message aimed at those who do make it big: "One or two of you in here will make it really big. If that's you, remember of those four things, the most important one is luck. And that means if you're that super successful one in the room, you have a moral duty to give back."

Big Brain Business

292,025 Aufrufe • vor 3 Monaten

GUTFELD: “What’s your relationship with the president, not knowing he was going to be president?” MELANIA TRUMP: "I always thought you know that one day he might go and run and I always told him if you do it, you will win, because I knew how much people loved him. And here we are again."
0:29

GUTFELD: “What’s your relationship with the president, not knowing he was going to be president?” MELANIA TRUMP: "I always thought you know that one day he might go and run and I always told him if you do it, you will win, because I knew how much people loved him. And here we are again."

Fox News

378,705 Aufrufe • vor 5 Monaten

“When you reach the 5 year mark or anything beyond that, why are you still staying in that relationship if you’re not thinking about what’s next?… if you guys are not aligned with what is supposed to happen in the future or what you guys want, why are you still in the relationship?” Me thinking back to this whole TSW promo era and how they kept on emphasising that they’re aligned with each other and how they know each other’s dreams and goals. Just hits harder na wow, it seems like they really are planning their future together na no?🥺🥹
0:30

“When you reach the 5 year mark or anything beyond that, why are you still staying in that relationship if you’re not thinking about what’s next?… if you guys are not aligned with what is supposed to happen in the future or what you guys want, why are you still in the relationship?” Me thinking back to this whole TSW promo era and how they kept on emphasising that they’re aligned with each other and how they know each other’s dreams and goals. Just hits harder na wow, it seems like they really are planning their future together na no?🥺🥹

ayin

56,369 Aufrufe • vor 1 Monat

Y Combinator CEO Garry Tan’s advice for startups: “When you’re small, act small” A lot of founders try to emulate large companies, and will do things like use the same terminology as Microsoft to describe their products. But Garry argues this is a mistake: “When you’re starting something new, the whole advantage is that you’re a real human being. We are so starved for real, authentic connection that if you can talk to people and say ‘Hey, I’m the CEO. What do you need?’ That’s the most powerful thing.” Being small lets you offer fanatical customer support. Not only will this win customer trust, but it’ll help you find product/market fit. If you listen to customers, they will tell you what they want. “The reason why people don’t do this is they think starting a startup is building this incredibly complex machinery… But I encourage you to think about it in a different way. It’s more like throwing a really, really amazing party… You go there, you see a friend, they say ‘Welcome! Let me take your coat. Let me introduce you to your friends.’” For his first startup, Posterous, Garry and his team aimed to reply to every single customer support email within ten minutes. And if there was a bug, they fixed it on the spot. Human connection with your customers is really important. Garry cites a study on Usenet that found retention increased from 16% to 26% if someone received a reply to their post on the forum. As Garry explains: “A 10% difference in retention is actually the difference between a startup that’s flatlining and one that’s working. The compounding of this is really, really massive… Be small. Be human.” Video source: Stanford eCorner (2023)
2:15

Y Combinator CEO Garry Tan’s advice for startups: “When you’re small, act small” A lot of founders try to emulate large companies, and will do things like use the same terminology as Microsoft to describe their products. But Garry argues this is a mistake: “When you’re starting something new, the whole advantage is that you’re a real human being. We are so starved for real, authentic connection that if you can talk to people and say ‘Hey, I’m the CEO. What do you need?’ That’s the most powerful thing.” Being small lets you offer fanatical customer support. Not only will this win customer trust, but it’ll help you find product/market fit. If you listen to customers, they will tell you what they want. “The reason why people don’t do this is they think starting a startup is building this incredibly complex machinery… But I encourage you to think about it in a different way. It’s more like throwing a really, really amazing party… You go there, you see a friend, they say ‘Welcome! Let me take your coat. Let me introduce you to your friends.’” For his first startup, Posterous, Garry and his team aimed to reply to every single customer support email within ten minutes. And if there was a bug, they fixed it on the spot. Human connection with your customers is really important. Garry cites a study on Usenet that found retention increased from 16% to 26% if someone received a reply to their post on the forum. As Garry explains: “A 10% difference in retention is actually the difference between a startup that’s flatlining and one that’s working. The compounding of this is really, really massive… Be small. Be human.” Video source: Stanford eCorner (2023)

Startup Archive

49,319 Aufrufe • vor 1 Jahr

Steve Jobs on what separates the successful founders from unsuccessful ones Steve is asked what the factors of success and common pitfalls are for young entrepreneurs. He responds: “I get asked this a lot, and I have a pretty standard answer. A lot of people come to me and say, ‘I want to be an entrepreneur.’ And I go, ‘Oh, that’s great, what’s your idea?’ And they say they don’t have one yet. And I say I think you should go get a job as a busboy or something until you find something you’re really passionate about, because it’s a lot of work.” Steve continues: “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You pour so much of your life into this thing, and there are such rough moments in time that most people give up. I don’t blame them. It’s really tough, and it consumes your life. I mean, if you’ve got a family and you’re in the early days of a company, I can’t imagine how one could do it. I’m sure it’s been done, but it’s rough because it’s pretty much an 18-hour-a-day job, 7 days a week for a while. So unless you have a lot of passion about this, you’re not going to survive. You’re going to give it up.” He concludes: “You’ve got to have an idea or a problem or a wrong that you want to right that you’re passionate about. Otherwise, you’re not going to have the perseverance to stick it through. And I think that’s half the battle right there.”
1:23

Steve Jobs on what separates the successful founders from unsuccessful ones Steve is asked what the factors of success and common pitfalls are for young entrepreneurs. He responds: “I get asked this a lot, and I have a pretty standard answer. A lot of people come to me and say, ‘I want to be an entrepreneur.’ And I go, ‘Oh, that’s great, what’s your idea?’ And they say they don’t have one yet. And I say I think you should go get a job as a busboy or something until you find something you’re really passionate about, because it’s a lot of work.” Steve continues: “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You pour so much of your life into this thing, and there are such rough moments in time that most people give up. I don’t blame them. It’s really tough, and it consumes your life. I mean, if you’ve got a family and you’re in the early days of a company, I can’t imagine how one could do it. I’m sure it’s been done, but it’s rough because it’s pretty much an 18-hour-a-day job, 7 days a week for a while. So unless you have a lot of passion about this, you’re not going to survive. You’re going to give it up.” He concludes: “You’ve got to have an idea or a problem or a wrong that you want to right that you’re passionate about. Otherwise, you’re not going to have the perseverance to stick it through. And I think that’s half the battle right there.”

Startup Archive

80,736 Aufrufe • vor 8 Monaten

The Biggest Mistake of College Pitchers The biggest mistake I see is guys doing random stuff and putting in the work, thinking that’s enough. They’ll say, yeah man, I’m putting in the work, I lift five times a week, I throw five times a week, I do mobility every day. Then I ask them, what’s the goal in the weight room? They say, just lift heavy. I ask, what’s the goal with your throwing program? What’s going on with your mechanics? What are you attacking? They’ll say they kind of just long toss every day and that’s it. So do you really feel like that’s the most efficient path to get where you want to go? If there’s no intention behind what you’re doing, then you’re just doing something to do something. This is most common with college guys in programs where the lifting plan isn’t great and the coaches don’t really help them. They get stronger, but they never throw harder. It’s because they’re not working on what they actually need to work on. If you’re already super strong in college, then let’s focus on force production, power, and your mechanics. You need to transfer the strength you built into the mound. I created a full guide on this, so if you want it, comment guide below and I’ll send it over.
0:57

The Biggest Mistake of College Pitchers The biggest mistake I see is guys doing random stuff and putting in the work, thinking that’s enough. They’ll say, yeah man, I’m putting in the work, I lift five times a week, I throw five times a week, I do mobility every day. Then I ask them, what’s the goal in the weight room? They say, just lift heavy. I ask, what’s the goal with your throwing program? What’s going on with your mechanics? What are you attacking? They’ll say they kind of just long toss every day and that’s it. So do you really feel like that’s the most efficient path to get where you want to go? If there’s no intention behind what you’re doing, then you’re just doing something to do something. This is most common with college guys in programs where the lifting plan isn’t great and the coaches don’t really help them. They get stronger, but they never throw harder. It’s because they’re not working on what they actually need to work on. If you’re already super strong in college, then let’s focus on force production, power, and your mechanics. You need to transfer the strength you built into the mound. I created a full guide on this, so if you want it, comment guide below and I’ll send it over.

Josh Gessner

13,570 Aufrufe • vor 4 Monaten

jihoon wants us to promise to have more fun at treasure concerts, film with your left hand and have fun with your right hand 🤙🏻 #지훈 🐶 you’re asking how yesterday was? yesterday was seriously so fun. it really was fun, but hmmm you guys need to have even more fun.. 🐶 you guys need to have more fun. teumes can def go harder than this, but you’re holding back. you guys can def do more, seriously, you really can but everyone kind of hesitates a little. just go out there and enjoy the atmosphere, got it? ok~? 🐶 i’m not saying don’t film or anything like that. you can film, it’s fine, i don’t mind it, because i think that’s the fans’ freedom. but i mean… film with one hand, your left hand, and use your right hand to hold your lightstick and have fun 🐶 but when both hands are on your phone like this… and i’m right in front of you… why are you looking at me through a camera filter first? you came to see me, so why… when i’m standing right in front of you, are you still only looking at me through your phone? it’s just a little disappointing to me 🐶 i’m not saying anyone is doing something wrong or anything like that, i’m just saying it feels a bit sad. i’m literally right in front of you, so why are you still looking at me inside your phone even when i’m right here? 🐶 and i know you want to take pictures, it’s okay. you can film it, keep it. it’s fine, because it’s not prohibited. in concerts where filming isn’t banned, ofc you can film. you want to take photos. ofc you want to take photos when your favorite singer is right in front of you, ofc you want to film it. i know that, we all know that. you can film it but film with your left hand and have fun with your right hand. let’s all make that promise. seriously, let’s really do it, film with your left hand and have fun with your right hand 🐶 because… when i’m like this, from up on stage when we look out like this, your gazes, your lightsticks, those kinds of things... when i feel like i’m directly interacting with each and every one of you like that.. i get out of breath like i might die, i get dizzy and everything, and my adrenaline gets pushed to the limit. but then if it’s all just iphone 17 pro maxes everywhere… it feels a bit disappointing 🐶 but i really do like that you film. i just feel a little regretful like if you film with one hand and have fun with the other.. like use your right hand properly to have fun, and use your left hand to film and capture everything… that’s how it should be, i guess. that kind of feeling 🐶 i’m not saying this to hear sorry from you guys. that’s not what i mean. i’m not saying you’re doing anything wrong, i just mean let’s all have fun together like that 💬 but oppa, if you’re playing with your right hand, the video in your left hand does get shaky so i just jump around and go all out 🐶 but even that shaking… i think of it as part of the live feeling
2:11

jihoon wants us to promise to have more fun at treasure concerts, film with your left hand and have fun with your right hand 🤙🏻 #지훈 🐶 you’re asking how yesterday was? yesterday was seriously so fun. it really was fun, but hmmm you guys need to have even more fun.. 🐶 you guys need to have more fun. teumes can def go harder than this, but you’re holding back. you guys can def do more, seriously, you really can but everyone kind of hesitates a little. just go out there and enjoy the atmosphere, got it? ok~? 🐶 i’m not saying don’t film or anything like that. you can film, it’s fine, i don’t mind it, because i think that’s the fans’ freedom. but i mean… film with one hand, your left hand, and use your right hand to hold your lightstick and have fun 🐶 but when both hands are on your phone like this… and i’m right in front of you… why are you looking at me through a camera filter first? you came to see me, so why… when i’m standing right in front of you, are you still only looking at me through your phone? it’s just a little disappointing to me 🐶 i’m not saying anyone is doing something wrong or anything like that, i’m just saying it feels a bit sad. i’m literally right in front of you, so why are you still looking at me inside your phone even when i’m right here? 🐶 and i know you want to take pictures, it’s okay. you can film it, keep it. it’s fine, because it’s not prohibited. in concerts where filming isn’t banned, ofc you can film. you want to take photos. ofc you want to take photos when your favorite singer is right in front of you, ofc you want to film it. i know that, we all know that. you can film it but film with your left hand and have fun with your right hand. let’s all make that promise. seriously, let’s really do it, film with your left hand and have fun with your right hand 🐶 because… when i’m like this, from up on stage when we look out like this, your gazes, your lightsticks, those kinds of things... when i feel like i’m directly interacting with each and every one of you like that.. i get out of breath like i might die, i get dizzy and everything, and my adrenaline gets pushed to the limit. but then if it’s all just iphone 17 pro maxes everywhere… it feels a bit disappointing 🐶 but i really do like that you film. i just feel a little regretful like if you film with one hand and have fun with the other.. like use your right hand properly to have fun, and use your left hand to film and capture everything… that’s how it should be, i guess. that kind of feeling 🐶 i’m not saying this to hear sorry from you guys. that’s not what i mean. i’m not saying you’re doing anything wrong, i just mean let’s all have fun together like that 💬 but oppa, if you’re playing with your right hand, the video in your left hand does get shaky so i just jump around and go all out 🐶 but even that shaking… i think of it as part of the live feeling

행복지수 314%

23,355 Aufrufe • vor 2 Monaten

I couldn’t have said it better myself 👏 This woman has a message for all of you posting “I Stand with Ukraine”. Before you post that, do your research on the country of Ukraine… “You’re in the United States of America and you choose to stand with a country you don’t even live in - pack your MFing sh*t and go move to that country and help them fight a war. Because you look pathetic right now. You will do anything that goes against what Trump does. If he gave you your fvcking oxygen to breathe you would refuse it because Trump gave it to you.”
1:42

I couldn’t have said it better myself 👏 This woman has a message for all of you posting “I Stand with Ukraine”. Before you post that, do your research on the country of Ukraine… “You’re in the United States of America and you choose to stand with a country you don’t even live in - pack your MFing sh*t and go move to that country and help them fight a war. Because you look pathetic right now. You will do anything that goes against what Trump does. If he gave you your fvcking oxygen to breathe you would refuse it because Trump gave it to you.”

Sequencer

324,479 Aufrufe • vor 1 Jahr

Dana White on sponsors: I've got this new mindset. I look at sponsorships like relationships, like being in a relationship with somebody. If I gotta be in a relationship with somebody for six years, we better be aligned and we better think and feel the same way. Or, you do your thing, do whatever you do, but don't ever fucking call me and tell me what you want me to do because you sponsor us. #UFC
1:07

Dana White on sponsors: I've got this new mindset. I look at sponsorships like relationships, like being in a relationship with somebody. If I gotta be in a relationship with somebody for six years, we better be aligned and we better think and feel the same way. Or, you do your thing, do whatever you do, but don't ever fucking call me and tell me what you want me to do because you sponsor us. #UFC

Jed I. Goodman ©

177,922 Aufrufe • vor 2 Jahren