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Seth Godin explains the difference between a logo and a brand: “If Nike opened a hotel, I think we would be able to guess pretty accurately what it would be like. If Hyatt came out with sneakers, we’d have no clue what they’d be like. That’s because Hyatt doesn’t...

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Startup Archive2 years ago

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Bearfoot Shoes1 year ago

★★★★★ "These are my favorite shoes ever. They fit perfectly and are so comfortable. My feet feel so natural in these shoes, it's like I'm not wearing any shoes at all." - Michael S.

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Alex Ross2 years ago

Oh goodness 🤦 This has been (rightly) ridiculed on LinkedIn for being nonsense.

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Zenn.com2 years ago

It’s a good point. But I wouldn’t have a clue what a Nike hotel would look like. They’re too creative. And I’m glad.

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“And I just wanna say if anyone is going through hard times, if anyone is struggling and you know, want try to find some type of hope in their life when they think everything is going wrong, don’t worry you’re not alone, you’re not alone and as I would say there’s always gonna be so many ups and downs, and there’s always gonna be so many moments where you think “this is it”, but I promise you, I promise you, if you just hold on a little longer, just a little longer, you don’t even have to have a reason why, you don’t even have to have a reason why, I promise if you hold on a little longer everything will get better, I promise, okay? And you’ll always have an angel, you’ll always have beautiful people, and the people that love you will always be there for you, okay? And I just wanted to say, thank you from the bottom of my heart”
1:00

“And I just wanna say if anyone is going through hard times, if anyone is struggling and you know, want try to find some type of hope in their life when they think everything is going wrong, don’t worry you’re not alone, you’re not alone and as I would say there’s always gonna be so many ups and downs, and there’s always gonna be so many moments where you think “this is it”, but I promise you, I promise you, if you just hold on a little longer, just a little longer, you don’t even have to have a reason why, you don’t even have to have a reason why, I promise if you hold on a little longer everything will get better, I promise, okay? And you’ll always have an angel, you’ll always have beautiful people, and the people that love you will always be there for you, okay? And I just wanted to say, thank you from the bottom of my heart”

⋆˚࿔ miso 𝜗𝜚˚⋆|| #1 winterfall enthusiast

46,060 views • 2 months ago

Steve Jobs on how to build a great brand After re-joining Apple in 1996, Steve Jobs announced the “Think different” campaign with the following statement: “To me, marketing is about values. This is a very complicated and noisy world. We’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear on what we want them to know about us.” He cites Nike as one of the greatest jobs of marketing the universe has ever seen: “Remember, Nike sells a commodity—they sell shoes! And yet when you think of Nike, you feel something different than a shoe company. In their ads, they don’t ever talk about the product. They don’t ever tell you about their air soles and why they are better than Reebok’s air soles. What does Nike do in their advertising? They honor great athletes, and they honor great athletics. That’s who they are, that’s what they are about.” Marketing guru Seth Godin also used Nike as an example of great branding in a blog post a few years ago: “If Nike announced that they were opening a hotel, you’d have a pretty good guess about what it would be like. But if Hyatt announced that they were going to start making shoes, you would have NO IDEA WHATSOEVER what those shoes would be like. That’s because Nike owns a brand and Hyatt simply owns real estate.” Jobs goes on to explain how the Apple team arrived at the “Think Different” campaign: “Our customers want to know who is Apple and what is it that we stand for. Where do we fit in this world? What we’re about isn’t making boxes for people to get their jobs done—although we do that well. We do that better than almost anybody, in some cases. But Apple is about something more than that. Apple at the core—its core value—is that we believe people with passion can change the world for the better… And that those people who are crazy enough to think that they can change the world are the ones who actually do.” He continues: “And so, what we’re going to do in our first brand marketing campaign in several years is to get back to that core value. A lot of things have changed. The market is in a totally different place than it was a decade ago, and Apple is totally different… the products and the distribution strategy and the manufacturing are totally different. And we understand that. But values and core values—those things shouldn’t change. The things that Apple believed in, at its core, are the same things that Apple really stands for today.” Apple’s “Think Different” campaign was designed to honor those people who have changed the world. And as Jobs so eloquently put it: “Some of them are living. Some of them are not. But the ones that aren’t, you’ll know that if they ever used a computer, it would’ve been a Mac. The theme of the campaign is ‘Think Different.’ It’s honoring the people who think different and who move this world forward. And it is what we are about. It touches the soul of this company.” If you’re looking to create a great brand, I’d start out by asking: what are your core values and what does your company honor?
6:48

Steve Jobs on how to build a great brand After re-joining Apple in 1996, Steve Jobs announced the “Think different” campaign with the following statement: “To me, marketing is about values. This is a very complicated and noisy world. We’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear on what we want them to know about us.” He cites Nike as one of the greatest jobs of marketing the universe has ever seen: “Remember, Nike sells a commodity—they sell shoes! And yet when you think of Nike, you feel something different than a shoe company. In their ads, they don’t ever talk about the product. They don’t ever tell you about their air soles and why they are better than Reebok’s air soles. What does Nike do in their advertising? They honor great athletes, and they honor great athletics. That’s who they are, that’s what they are about.” Marketing guru Seth Godin also used Nike as an example of great branding in a blog post a few years ago: “If Nike announced that they were opening a hotel, you’d have a pretty good guess about what it would be like. But if Hyatt announced that they were going to start making shoes, you would have NO IDEA WHATSOEVER what those shoes would be like. That’s because Nike owns a brand and Hyatt simply owns real estate.” Jobs goes on to explain how the Apple team arrived at the “Think Different” campaign: “Our customers want to know who is Apple and what is it that we stand for. Where do we fit in this world? What we’re about isn’t making boxes for people to get their jobs done—although we do that well. We do that better than almost anybody, in some cases. But Apple is about something more than that. Apple at the core—its core value—is that we believe people with passion can change the world for the better… And that those people who are crazy enough to think that they can change the world are the ones who actually do.” He continues: “And so, what we’re going to do in our first brand marketing campaign in several years is to get back to that core value. A lot of things have changed. The market is in a totally different place than it was a decade ago, and Apple is totally different… the products and the distribution strategy and the manufacturing are totally different. And we understand that. But values and core values—those things shouldn’t change. The things that Apple believed in, at its core, are the same things that Apple really stands for today.” Apple’s “Think Different” campaign was designed to honor those people who have changed the world. And as Jobs so eloquently put it: “Some of them are living. Some of them are not. But the ones that aren’t, you’ll know that if they ever used a computer, it would’ve been a Mac. The theme of the campaign is ‘Think Different.’ It’s honoring the people who think different and who move this world forward. And it is what we are about. It touches the soul of this company.” If you’re looking to create a great brand, I’d start out by asking: what are your core values and what does your company honor?

Startup Archive

338,105 views • 2 years ago

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

80,791 views • 10 months ago

From Charles Hudson on why it's potentially more dangerous to sit out of a bubble than to participate: "That's my lesson from 2021. Because it’s not as if the people who were sober and restrained during 2021 have gotten a lot of credit from their LPs for having not participated in the circus. So I’m like, is that really what modern venture capital is about today? If there’s a speculative frenzy, the rational thing to do, if your goal is to remain a venture capitalist, might be to participate in the frenzy. Even if you have deep skepticism about the final outcome. You need to remain relevant. You need to remain in business and be able to raise capital. And to do that, your firm has to be relevant. And feel like you get the message. And if that's true, that leads you in a really different set of directions than it would if you’re just like, “Hey, the people who go crazy and lose a bunch of money on bad things will be punished. And the punishment will be you will not raise another fund.” I don’t really think it works that way."
1:29

From Charles Hudson on why it's potentially more dangerous to sit out of a bubble than to participate: "That's my lesson from 2021. Because it’s not as if the people who were sober and restrained during 2021 have gotten a lot of credit from their LPs for having not participated in the circus. So I’m like, is that really what modern venture capital is about today? If there’s a speculative frenzy, the rational thing to do, if your goal is to remain a venture capitalist, might be to participate in the frenzy. Even if you have deep skepticism about the final outcome. You need to remain relevant. You need to remain in business and be able to raise capital. And to do that, your firm has to be relevant. And feel like you get the message. And if that's true, that leads you in a really different set of directions than it would if you’re just like, “Hey, the people who go crazy and lose a bunch of money on bad things will be punished. And the punishment will be you will not raise another fund.” I don’t really think it works that way."

Turner Novak 🍌🧢

100,942 views • 2 months ago

LaVar Ball says he turned down a $2,000,000,000 offer to take Big Baller Brand public "Everybody was like, 'Hey, big baller, do your thing and go public.' I said, 'No, I ain't doing that.' I understand I can be a billionaire overnight if I go public" "The brand is good because I'm not in the red and I don't have no investors" "If they offer me $2 billion tomorrow, I'll be like for triple B's, 'No, I'm cool.' And folks be like, 'You stupid of all'" "This is how you know your brand is good. I can take a $3 shirt and put Triple B's on it. Now it's a $60 shirt"
1:38

LaVar Ball says he turned down a $2,000,000,000 offer to take Big Baller Brand public "Everybody was like, 'Hey, big baller, do your thing and go public.' I said, 'No, I ain't doing that.' I understand I can be a billionaire overnight if I go public" "The brand is good because I'm not in the red and I don't have no investors" "If they offer me $2 billion tomorrow, I'll be like for triple B's, 'No, I'm cool.' And folks be like, 'You stupid of all'" "This is how you know your brand is good. I can take a $3 shirt and put Triple B's on it. Now it's a $60 shirt"

Arslan

554,336 views • 1 month ago

Trump on World Cup: Trump: All I did was ask for a review because I didn’t think it was a foul. And I think it would have been terrible if they wouldn’t allow, you know, a top player—maybe the best, maybe among the best players on the team—to play. I think it would have had a big stain, How would you feel if we took Messi out? You know, “Messi, you ran into somebody.” Or we took Ronaldo out. “Ronaldo, you bumped into somebody. We’re going to take you out of the game.” Or Harry Kane. “Harry Kane, we’re going to take you out of the game, Harry, because you happened to hit somebody a little bit harder.” You can’t do that. If you would have taken him out, I think it would have really stained this incredible championship. We’ve got to have our best players, and Belgium has a great team, by the way. We have to have our best players, and they have to have their best players. If we win or we lose, it’s fair. Otherwise, let’s say we lost him and we lose the game—it would be a terrible thing. So I think they made a really brilliant decision. I think the referee’s call was horrible, and nobody talks about that. They talk about the red card like it’s fine. Nobody talks about the referee’s decision to issue the red card. I didn’t know what the hell a red card was. When I found out, I said, “You’ve got to be kidding.” This guy just holds it up: “OK, your best player is not going to play in the next game.” I said, “Wow, that’s a lot of power. That’s terrible.” But then I looked at his past, and it wasn’t so great.
2:09

Trump on World Cup: Trump: All I did was ask for a review because I didn’t think it was a foul. And I think it would have been terrible if they wouldn’t allow, you know, a top player—maybe the best, maybe among the best players on the team—to play. I think it would have had a big stain, How would you feel if we took Messi out? You know, “Messi, you ran into somebody.” Or we took Ronaldo out. “Ronaldo, you bumped into somebody. We’re going to take you out of the game.” Or Harry Kane. “Harry Kane, we’re going to take you out of the game, Harry, because you happened to hit somebody a little bit harder.” You can’t do that. If you would have taken him out, I think it would have really stained this incredible championship. We’ve got to have our best players, and Belgium has a great team, by the way. We have to have our best players, and they have to have their best players. If we win or we lose, it’s fair. Otherwise, let’s say we lost him and we lose the game—it would be a terrible thing. So I think they made a really brilliant decision. I think the referee’s call was horrible, and nobody talks about that. They talk about the red card like it’s fine. Nobody talks about the referee’s decision to issue the red card. I didn’t know what the hell a red card was. When I found out, I said, “You’ve got to be kidding.” This guy just holds it up: “OK, your best player is not going to play in the next game.” I said, “Wow, that’s a lot of power. That’s terrible.” But then I looked at his past, and it wasn’t so great.

Acyn

2,604,570 views • 2 months ago

🚨JUST IN: Andrew Tate explains exactly why you don’t have what you want 😳 “The universe is not going to allow you to play fake for a long period of time.” “If you’re a faker and you catch a quick crypto pump and buy a Lambo, you’ll be broke again…”
0:48

🚨JUST IN: Andrew Tate explains exactly why you don’t have what you want 😳 “The universe is not going to allow you to play fake for a long period of time.” “If you’re a faker and you catch a quick crypto pump and buy a Lambo, you’ll be broke again…”

The Tate Motive

21,026 views • 5 months ago

Kevin Durant says Jalen Brunson won the championship and is still out $100 million Speedy: “Brunson famously turned down a hundred… Would you do that?” KD: “I don’t think I would be advised to do that. I would have got talked out of it. I probably would have been like, ‘All right, I’m cool with it.’ I’d have sat down and talked to all my people like I usually do, Rich, all my friends. Like, ‘What? Are you serious? Why do you need to take that risk when this dude’s a billionaire?’” “Nobody would do that. If you just throw that on the table and say right now, make a choice, nobody would turn that down.” “But if you sat down and thought about it and they put everything on the table, ‘this will happen in four years if you do this, this is how the team could be built, we could for sure win a chip’, it sounds good when you sell it to somebody that way.” Speedy: “But they still win a chip. Is he ever really going to recoup it?” KD: “There’s always going to be a hundred that you don’t have. Even if you get it back, it’s like, well, I still could’ve had an extra hundred. Even if you give me a hundred again.” (via Boardroom, ft. Kevin Durant)
1:03

Kevin Durant says Jalen Brunson won the championship and is still out $100 million Speedy: “Brunson famously turned down a hundred… Would you do that?” KD: “I don’t think I would be advised to do that. I would have got talked out of it. I probably would have been like, ‘All right, I’m cool with it.’ I’d have sat down and talked to all my people like I usually do, Rich, all my friends. Like, ‘What? Are you serious? Why do you need to take that risk when this dude’s a billionaire?’” “Nobody would do that. If you just throw that on the table and say right now, make a choice, nobody would turn that down.” “But if you sat down and thought about it and they put everything on the table, ‘this will happen in four years if you do this, this is how the team could be built, we could for sure win a chip’, it sounds good when you sell it to somebody that way.” Speedy: “But they still win a chip. Is he ever really going to recoup it?” KD: “There’s always going to be a hundred that you don’t have. Even if you get it back, it’s like, well, I still could’ve had an extra hundred. Even if you give me a hundred again.” (via Boardroom, ft. Kevin Durant)

katsu

477,500 views • 21 days ago

Bloomberg's Mark Gurman: When OpenAI releases its device, Apple can just immediately fast-follow it and take all its market share. "Apple has the retail stores, the privacy story, the brand. OpenAI has this great AI brand, but they don't have a hardware brand." "I just think the bar to sell people hardware, even if it's good, and even if it comes from a big brand, it's a really high bar. It's a really high bar to sell in these Apple-like quantities."
2:31

Bloomberg's Mark Gurman: When OpenAI releases its device, Apple can just immediately fast-follow it and take all its market share. "Apple has the retail stores, the privacy story, the brand. OpenAI has this great AI brand, but they don't have a hardware brand." "I just think the bar to sell people hardware, even if it's good, and even if it comes from a big brand, it's a really high bar. It's a really high bar to sell in these Apple-like quantities."

TBPN

34,377 views • 6 months ago

The founder of Pinterest on what surprised him the most when starting a company “It can take a really, really long time to build things that are worthwhile.” Ben Silbermann describes just how demoralizing things were in the beginning of building Pinterest: “In March 2010, we launched Pinterest and were at 3,000 accounts. And that wouldn’t have been so bad if we hadn’t started building Pinterest in November 2009. And that wouldn’t have been so bad if I hadn’t left my job to start a company in May 2008.” A lot of people will compare startups to running a marathon, but Ben disagrees: “The part of the analogy that’s right is that it’s long. But it’s actually really different. When I think about my experience, it’s more like going on a roadtrip in a car that doesn’t have very good headlights and you don’t have much gas and you think you’re going to Toledo, but you find out you’re supposed to be in Miami and if you really have to buy gas you might have to buy gas from someone who might just kick you out of your own driver’s seat.” He continues: “That uncertainty and the fact that every single day you’re dealing with a lot of choices and you don’t have perfect information is the lesson for me that was hardest to learn and continues to be a real challenge in doing a startup today.” Source: Y Combinator (Oct 2012)
1:09

The founder of Pinterest on what surprised him the most when starting a company “It can take a really, really long time to build things that are worthwhile.” Ben Silbermann describes just how demoralizing things were in the beginning of building Pinterest: “In March 2010, we launched Pinterest and were at 3,000 accounts. And that wouldn’t have been so bad if we hadn’t started building Pinterest in November 2009. And that wouldn’t have been so bad if I hadn’t left my job to start a company in May 2008.” A lot of people will compare startups to running a marathon, but Ben disagrees: “The part of the analogy that’s right is that it’s long. But it’s actually really different. When I think about my experience, it’s more like going on a roadtrip in a car that doesn’t have very good headlights and you don’t have much gas and you think you’re going to Toledo, but you find out you’re supposed to be in Miami and if you really have to buy gas you might have to buy gas from someone who might just kick you out of your own driver’s seat.” He continues: “That uncertainty and the fact that every single day you’re dealing with a lot of choices and you don’t have perfect information is the lesson for me that was hardest to learn and continues to be a real challenge in doing a startup today.” Source: Y Combinator (Oct 2012)

Startup Archive

17,708 views • 1 month ago

Jordan Peterson: "If you're competent and silent you will be ignored." "You might think well people should reward you because you're competent. And yes of course they should. But if you're competent and silent then you're just part of the background that's keeping everything functioning" On why you cannot negotiate from a position of weakness: "If you want to push your career forward you have to push it forward. You have to be competent and you have to be strategic" "To be strategic when you negotiate for a new position or a new salary you have to be able to say if you don't give me what I want then something you don't like will happen to you" "It's not a physical threat. It's that you have an option" "You have your CV in order. You're educated and competent and desirable to people outside of your immediate job. You're willing to instantly put yourself on the job market" "So that when you go talk to the person you're negotiating with you're credible" On the one thing most people completely miss about negotiation: "It's very seldom that you're talking to the person who's at the top of the pecking order. What you need to do is tell them a story that they can tell to their boss to make you not a problem" "A good story is look we really need this person because they're hyper competent and they have a better offer" "If you go in there with no power you're going to lose. Obviously" He concludes with the one thing every competent person needs to hear: "The first thing you need to know if you're going to negotiate is that you have to be able to say no. And what no means is that you're not going to do it"
2:05

Jordan Peterson: "If you're competent and silent you will be ignored." "You might think well people should reward you because you're competent. And yes of course they should. But if you're competent and silent then you're just part of the background that's keeping everything functioning" On why you cannot negotiate from a position of weakness: "If you want to push your career forward you have to push it forward. You have to be competent and you have to be strategic" "To be strategic when you negotiate for a new position or a new salary you have to be able to say if you don't give me what I want then something you don't like will happen to you" "It's not a physical threat. It's that you have an option" "You have your CV in order. You're educated and competent and desirable to people outside of your immediate job. You're willing to instantly put yourself on the job market" "So that when you go talk to the person you're negotiating with you're credible" On the one thing most people completely miss about negotiation: "It's very seldom that you're talking to the person who's at the top of the pecking order. What you need to do is tell them a story that they can tell to their boss to make you not a problem" "A good story is look we really need this person because they're hyper competent and they have a better offer" "If you go in there with no power you're going to lose. Obviously" He concludes with the one thing every competent person needs to hear: "The first thing you need to know if you're going to negotiate is that you have to be able to say no. And what no means is that you're not going to do it"

Brad

35,334 views • 1 month ago

$ABCL CEO Carl Hansen explains the net negative overall value creation in biotech and how AbCellera plans to beat it: “I really think it can be beat because there’s a lot of mistakes that get made in where you allocate capital.” “If you’re a biotech and you start a company on a drug, and you go public and have a drug, and now the data is looking not that great, you just keep running that drug. … Because if you quit that drug, the company is done.” “So, because you’re so concentrated on one thing, you end up having blinders. It’s like a cult of a molecule. And even a real, practical, capital access problem that makes you continue to move things forward” ______________________________________ “Another problem is that many of the drugs that get started, get started by people who don’t understand the competitive or commercial landscape and have no intent of ever actually manufacturing it. … Because they know someone else is going to buy it. So then their framework is not ‘Am I making a drug that’s going to make a difference for people?’ The framework is ‘Can I make something that I think someone will take off my hands?’ And that happens a lot.” “There are many acquisitions where a big pharma company spends $10B, $20B, and it’s a complete bust. So really no value is generated for patients but someone was able to get a good exit on that because they anticipated what someone would want. And a lot of decision making gets done like that”. _______________________________________ “I’m not saying that we have this all solved. But what we’re trying to do is create a framework where we are able to take many bets so that we don’t fall in love with anything, or we don’t have to fall in love with anything. … And then always hold up very explicitly what we know and what we don’t know along the dimensions that matter. The dimensions that matter are - Will it work? That’s a science. - When it gets where will people care? - Is it differentiated? - Does it solve a big problem? In order to get it there, is there a path with our resources and expertise that would allow us to see it through?” “When you start to hold things up like that, you start to see where the mistakes are, where the uncertainties are, and you can be more rational in deciding ‘We’re going to run it to here because we get to flip the card and if the card goes the wrong way we’re going to kill it because we’ve got something else behind it.’” “I do think that if done right, and if you can pick the right opportunities, the success rate can be well higher than an order of magnitude better. … And there are examples of this… companies I’ve mentioned, you know, Regeneron, their success rate is at least 10x the industry in bringing programs forward and getting them approved. … So it’s… you can do it better that way”
3:50

$ABCL CEO Carl Hansen explains the net negative overall value creation in biotech and how AbCellera plans to beat it: “I really think it can be beat because there’s a lot of mistakes that get made in where you allocate capital.” “If you’re a biotech and you start a company on a drug, and you go public and have a drug, and now the data is looking not that great, you just keep running that drug. … Because if you quit that drug, the company is done.” “So, because you’re so concentrated on one thing, you end up having blinders. It’s like a cult of a molecule. And even a real, practical, capital access problem that makes you continue to move things forward” ______________________________________ “Another problem is that many of the drugs that get started, get started by people who don’t understand the competitive or commercial landscape and have no intent of ever actually manufacturing it. … Because they know someone else is going to buy it. So then their framework is not ‘Am I making a drug that’s going to make a difference for people?’ The framework is ‘Can I make something that I think someone will take off my hands?’ And that happens a lot.” “There are many acquisitions where a big pharma company spends $10B, $20B, and it’s a complete bust. So really no value is generated for patients but someone was able to get a good exit on that because they anticipated what someone would want. And a lot of decision making gets done like that”. _______________________________________ “I’m not saying that we have this all solved. But what we’re trying to do is create a framework where we are able to take many bets so that we don’t fall in love with anything, or we don’t have to fall in love with anything. … And then always hold up very explicitly what we know and what we don’t know along the dimensions that matter. The dimensions that matter are - Will it work? That’s a science. - When it gets where will people care? - Is it differentiated? - Does it solve a big problem? In order to get it there, is there a path with our resources and expertise that would allow us to see it through?” “When you start to hold things up like that, you start to see where the mistakes are, where the uncertainties are, and you can be more rational in deciding ‘We’re going to run it to here because we get to flip the card and if the card goes the wrong way we’re going to kill it because we’ve got something else behind it.’” “I do think that if done right, and if you can pick the right opportunities, the success rate can be well higher than an order of magnitude better. … And there are examples of this… companies I’ve mentioned, you know, Regeneron, their success rate is at least 10x the industry in bringing programs forward and getting them approved. … So it’s… you can do it better that way”

Jack Prescott

31,665 views • 1 month ago

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

41,102 views • 10 months ago

. Naval: I don’t think you need to have a PhD to be a scientist. If you are naturally curious and you’re rigorous and you discover new things, you’re a scientist. One of my Twitter quips was, “The only true test of intelligence is if you get what you want out of life,” and that triggers a lot of people. But how else do you know? How else do you know if you’re smart? If you’re not getting what you want out of life, how smart are you really? You might have had bad luck once upon a time, but consistently, every time? I doubt it. And there’s two parts to that. One is actually testing yourself against the world to see if you get what you want. And the other is wanting the right things in the first place. You know, I wish I was 20 years old and had wings. Umm, not gonna happen. So you gotta wish for the right things too.
0:38

. Naval: I don’t think you need to have a PhD to be a scientist. If you are naturally curious and you’re rigorous and you discover new things, you’re a scientist. One of my Twitter quips was, “The only true test of intelligence is if you get what you want out of life,” and that triggers a lot of people. But how else do you know? How else do you know if you’re smart? If you’re not getting what you want out of life, how smart are you really? You might have had bad luck once upon a time, but consistently, every time? I doubt it. And there’s two parts to that. One is actually testing yourself against the world to see if you get what you want. And the other is wanting the right things in the first place. You know, I wish I was 20 years old and had wings. Umm, not gonna happen. So you gotta wish for the right things too.

Arjun Khemani

186,516 views • 2 years ago

Chris Bosh explains how Kobe Bryant taught him that greatness is mostly an unglamorous routine “If you’re trying to go after something, it’s a process and you cannot cheat it. That is one thing you cannot do. You can’t cheat the process, and even then that doesn’t guarantee you anything. You have to have your stuff together because you want to win, that doesn’t guarantee a win. You just have to make sure you’re doing your process.” “I had the chance to have a conversation with Kobe. We were friendly and we tried to have dinner once a year. He always talked about loving the process of what you do. That’s important. You have to love what you do and love putting the work in because some days are going to suck. It’s always going to suck to go in the gym and shoot 10,000 free throws.” “Everybody’s like, ‘Oh, Kobe, this is amazing.’ He’s like, ‘Yeah, that’s cool, but think about my day. I get up at 4:30am, take my kids to school, I lift weights, I go to practice, I pick them up from school, then I’ve got to do treatment because I’m 35 years old in the league. Then I’ve got to do treatment, and by the time I finish all that stuff, the day’s over. I don’t do anything else. This is all I do.’” “If you take on that approach to something that you love, if you can stick with it even in those tough days, that’s where you want to be.” “You gotta love the grind, man. That’s the part I always like to think of anytime something gets hard. If I’m pursuing a goal and I want to quit, it’s going to come. It’s going to come. It’s okay.” “How many people would quit right now? That’s the first thing I think about. Then I keep going. I’m like, okay, I’m not going to let this drop me off and keep me away from what I’m doing.”
2:43

Chris Bosh explains how Kobe Bryant taught him that greatness is mostly an unglamorous routine “If you’re trying to go after something, it’s a process and you cannot cheat it. That is one thing you cannot do. You can’t cheat the process, and even then that doesn’t guarantee you anything. You have to have your stuff together because you want to win, that doesn’t guarantee a win. You just have to make sure you’re doing your process.” “I had the chance to have a conversation with Kobe. We were friendly and we tried to have dinner once a year. He always talked about loving the process of what you do. That’s important. You have to love what you do and love putting the work in because some days are going to suck. It’s always going to suck to go in the gym and shoot 10,000 free throws.” “Everybody’s like, ‘Oh, Kobe, this is amazing.’ He’s like, ‘Yeah, that’s cool, but think about my day. I get up at 4:30am, take my kids to school, I lift weights, I go to practice, I pick them up from school, then I’ve got to do treatment because I’m 35 years old in the league. Then I’ve got to do treatment, and by the time I finish all that stuff, the day’s over. I don’t do anything else. This is all I do.’” “If you take on that approach to something that you love, if you can stick with it even in those tough days, that’s where you want to be.” “You gotta love the grind, man. That’s the part I always like to think of anytime something gets hard. If I’m pursuing a goal and I want to quit, it’s going to come. It’s going to come. It’s okay.” “How many people would quit right now? That’s the first thing I think about. Then I keep going. I’m like, okay, I’m not going to let this drop me off and keep me away from what I’m doing.”

Josh Chambers

42,324 views • 1 month ago

Steve Harvey reveals the $10 to $1,000,000 formula “Stop trying to think of how to be a millionaire, because you know how hard that is. If you could think of a way to be a millionaire, wouldn't you do it by Monday?” “What is it that you do that somebody would be willing to give you $10 for? Because everybody has that” “If you babysit, somebody will give you $10. If you cut hair, somebody will give you $10. If you write papers for people, somebody will give you $10” “Everybody got something they can do for $10” “Go do that and make $10. Now if you make the $10, do it 10 more times. You know what you got, $100” “If you make $100, do it 10 more times, you got $1,000. Now if you make $1,000, do it 10 more times, you now have $10,000” “Whatever you did to make $10,000 is simple. All you've got to do is do it 10 more times. Guess what? You have $100,000” “You ain't got to change nothing. All you got to do is take your $10 idea. Stop trying to think of how to make a million and just figure out how to make $10” “After you make $100,000 you have to hire some people. But whatever you did to make $100,000 do it 10 more times” “I have a surprise for you, you have just made $1 million with a $10 idea. If you do that, anybody can be successful”
1:51

Steve Harvey reveals the $10 to $1,000,000 formula “Stop trying to think of how to be a millionaire, because you know how hard that is. If you could think of a way to be a millionaire, wouldn't you do it by Monday?” “What is it that you do that somebody would be willing to give you $10 for? Because everybody has that” “If you babysit, somebody will give you $10. If you cut hair, somebody will give you $10. If you write papers for people, somebody will give you $10” “Everybody got something they can do for $10” “Go do that and make $10. Now if you make the $10, do it 10 more times. You know what you got, $100” “If you make $100, do it 10 more times, you got $1,000. Now if you make $1,000, do it 10 more times, you now have $10,000” “Whatever you did to make $10,000 is simple. All you've got to do is do it 10 more times. Guess what? You have $100,000” “You ain't got to change nothing. All you got to do is take your $10 idea. Stop trying to think of how to make a million and just figure out how to make $10” “After you make $100,000 you have to hire some people. But whatever you did to make $100,000 do it 10 more times” “I have a surprise for you, you have just made $1 million with a $10 idea. If you do that, anybody can be successful”

dank

429,110 views • 3 months ago

Why anybody would expect somebody else to pay for them is beyond me. Even if it was a close friend, I would think about it. If it did not happen often and I didn’t think they were trying to finesse me then I would more than likely do it. It sounds like in this case, the friend does this often and doesn’t pay her back. I have a name for someone like this and it’s a moocher. We will all have a friend like this in our lives and I think there will come a time where we have to decide whether or not this is something we are willing to tolerate. I would never do this to anybody else. If I had dinner plans but not enough money, the solution would be very simple, I would apologize and then cancel. I would y tell them why because that doesn’t matter. What matters is that I don’t have enough and I am not going to put my problems on anybody else. Friend’s like that have a short timespan to actually be a friend. I feel that people who do this are taking advantage and they know exactly what they are doing.
0:52

Why anybody would expect somebody else to pay for them is beyond me. Even if it was a close friend, I would think about it. If it did not happen often and I didn’t think they were trying to finesse me then I would more than likely do it. It sounds like in this case, the friend does this often and doesn’t pay her back. I have a name for someone like this and it’s a moocher. We will all have a friend like this in our lives and I think there will come a time where we have to decide whether or not this is something we are willing to tolerate. I would never do this to anybody else. If I had dinner plans but not enough money, the solution would be very simple, I would apologize and then cancel. I would y tell them why because that doesn’t matter. What matters is that I don’t have enough and I am not going to put my problems on anybody else. Friend’s like that have a short timespan to actually be a friend. I feel that people who do this are taking advantage and they know exactly what they are doing.

SonnyBoy🇺🇸

50,678 views • 3 months ago

LUNA: “If you know that you are going to get hit, and if you know you’re going to have people die, ultimately I would never want to have be in that position as the president.” “But what I will tell you is I would rather be on the right side and be able to control the outcome of something that I know is going to happen regardless.” MAHER: “I…I have to…I have to agree.”
1:08

LUNA: “If you know that you are going to get hit, and if you know you’re going to have people die, ultimately I would never want to have be in that position as the president.” “But what I will tell you is I would rather be on the right side and be able to control the outcome of something that I know is going to happen regardless.” MAHER: “I…I have to…I have to agree.”

Rep. Anna Paulina Luna

139,316 views • 6 months ago