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41,621 次观看 • 1 年前 •via X (Twitter)

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John Collison on three things founders can learn from Elon Musk Stripe co-founder John Collison says he found the Walter Isaacson biography of Elon Musk to be a useful resource for studying “The Elon Method.” John came away with three important learnings from it: #1 Pick the right high-level metric to optimize for John observes that Elon always picked a sensible metric to optimize for with every business he ran. With SpaceX, for example, Elon focused the company on “dollars per kilogram to orbit.” Tesla’s focus on “deliveries per week” is another non-obvious example: “You could’ve focused on revenue, profitability, or deliveries per year,” John observes. “The focus on the number of deliveries per week rolling off the factory line was itself an interesting choice for a high-level metric.” #2 Create a sense of urgency “People talk about this as ‘inventing crises,’” John explains. “But I think the generous version is shortening the time horizons. Elon was talking about (when he was sleeping on the gigafactory floor) how ‘Tesla will go bankrupt if we don’t do this and figure out Model 3 production.’ Tesla was a $200 billion company by market cap at that time . . . but he created a sense of urgency with sleeping on the factory floor, which clearly shortens the timeline.” #3 Be capital efficient “I think hardware companies can be really self-indulgent with capital, where they say, ‘Venture capitalists will fund my vision of exploration for five or ten years.’” John gives robotics as an example: “It’s like, ‘I’ll do my science project for ages and then I’ll maybe figure out a product and how to commercialize it,’ . . . but Elon’s companies have always been very capital efficient. They build a bad one and then build a good one. The Boring Company bought commercial tunnel-boring machines before they started developing their own. Tesla had the masterplan where they built the low-volume roadster before they got to the high-volume stuff. SpaceX, for what they do, has never actually burned that much capital.” Video source: Stripe (2025)

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106,755 次观看 • 10 个月前

Bill Cowher said, "Get comfortable being uncomfortable...Because that's the only way you could be as good as you can be." "I pushed them to be as good as they can be, but it doesn't mean I don't care about you as a person." High standards aren't cruel, they're a sign that you care. It means pushing people beyond their comfort zone and showing genuine care for people. Great leaders master the balance of high standards and compassion. 𝟓 𝐒𝐢𝐠𝐧𝐬 𝐘𝐨𝐮'𝐫𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐇𝐢𝐠𝐡 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐚𝐬𝐬𝐢𝐨𝐧: 1. You challenge people to be their best, not just do their best - It means you encourage your team to stretch beyond their comfort zones. You coach character and growth. Growth happens when get comfortable being uncomfortable. You're no longer satisfied with "good enough" because you believe in people and their potential. 2. You give honest feedback with genuine care - It means you deliver feedback with respect and a focus on growth. Honest feedback builds trust. By communication with compassion, you ensure feedback is received as a tool for improvement, not as an attack. 3. You hold people accountable with support - It means you expect people to meet standards and give them the tools they need to succeed. Accountability without support feels like criticism without direction and support without accountability feels hollow. Ensure people have the coaching, encouragement, and process to do what they need. 4. You lead through example - It means you model the standards that you expect from others. People follow leaders who live their values and they see what you do, not what you say. Take the time to show those values consistently whether it's communication, accountability, or work ethic. 5. You build trust with consistency - It means people know what to expect from you no matter the outcome. Inconsistency breeds uncertainty. Trust grows when people they can count on you and your leadership. It becomes a representation of character and integrity. Bottom Line: Leading with high standards and compassion isn’t easy because it requires intentionality, self-awareness, and a deep commitment to others’ growth. - - - The video comes from Bill Cowher's interview with Trey Wingo (trey wingo) on Half-Forgotten History. A great listen if you want to hear more on Bill's story!

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Cody Sanchez (Codie Sanchez) is a contrarian investor who's built an empire of "boring" businesses. We chatted about her journey from private equity to owning car washes, laundromats, and more. Cody shared her wisdom on buying businesses, building wealth, and finding fulfillment. A must-listen for aspiring entrepreneurs and investors. TAKEAWAYS 1. The "unicorn" startup model isn't for everyone: "The biggest lie we were ever told was that a unicorn looks like a tech VC backed startup where you don't make money for 3-7 years." 2. Start small and learn dealmaking: "Stay employed for a while and get ownership into parts of companies. Start to learn a little bit about the game before you jump in entirely." 3. Focus on profitable, explainable businesses: "I buy realities, not dreams. They have to be profitable businesses. I don't do turnarounds and I want to be able to explain the business to my grandmother." 4. Understand your strengths and passions: "Know thyself. After you know how much money you need to make, what are you interested in, and what are your best skills?" 5. Don't underestimate "boring" businesses: "We were sold a lie that you should work in an office. Getting outside, doing hard physical labor - I think more people are going to revert to this than we can imagine." TOPICS 00:00 - Intro 00:42 - Struggles of Having A Large Business Portfolio 5:01 - Codie’s Entrepreneurial Journey 8:51 - Why Boring Businesses Are Great 13:23 - What Businesses Do You Buy? 16:07 - How to Tell If Your Businesses Ideas Are Good 18:37 - Weird But Profitable Businesses 21:24 - Businesses AI Will Disrupt 23:33 - Integrating Tech In Businesses 25:15 - White Collar Workers Shifting to Blue Collar Jobs 30:57 - Fame’s Impact on Codie’s Life 36:00 - Codie’s Goals For the Future 37:51 - Dealing With Tough Days 41:53 - Codie’s Book 43:48 - Product Recommendations 47:38 - People Codie Finds Interesting

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