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software is such a cheat code in the game of business. My first company was a restaurant. One of the worst businesses you can start (everyone told me this, but being young, I told them to kick rocks)↗

·@ShaanVP·Jun 20, 2020·essay·business·entrepreneurship·software

The state of online learning: 1) YouTube will eat the low-end of the market. 2) People will pay 5-15x more for live courses. 3) The three biggest competitive advantages are the personality of a creator, the warmth of the community, and the quality of the student experience.↗

Workday provides an outstanding case study of leveraging professional services for an enterprise software business: 2009: $25M revenue 54% software/ 46% services 2014: $469M revenue 76% software/ 24% services 2019: $3.6B revenue 85% software/ 15% services↗

How Online Course Marketing Works I've taught more than 500 students in my online writing course. Here's what I've learned about marketing. 1. Start with an audience: Online education is a marketing business. The success of your course depends on the quality of your audience.↗

Stripe is known for product excellence. The team has consistently launched products that are loved & thrive. It's a key reason they're valued at $36 billion. But they should also be known for content & community excellence. It's why they get 1M+ mos visits. [THREAD] 🧵↗

What’s an easier path to wealth? PATH 1: VENTURE STARTUP - 95% chance of $0 - Tiny personal income while building startup until IPO/scale - Massive dilution (most founders end up owning 5-15%). $1BN market cap = $50-$150MM for founder. OR...↗

·@awilkinson·Jun 3, 2020·essay·founders·startup·venture·wealth

Simple business lessons from a 14-hour road trip: 1) We spend too much time thinking about the last few turns and not enough deciding which interstate to use. Sweat the big stuff. 2) Small changes in speed make a big difference over long periods of time. Can you go 5% faster?↗

Following Charlie Munger's advice to always invert, here are 10 things not to do as a CEO: - Run out of money - Fail to learn / grow - Lose your team / break the culture - Not understand capital allocation - Believe you are the sole reason for your company's success /1↗

2 areas of an SMB's 'operating system' that I've been thinking about recently: 1) How to incorporate 'no code' solutions like Zapier, Notion, Airtable, etc into a company's workflows 2) How to assess what tasks can be moved offshore Few SMBs I know are doing even 1 of these /1↗

·@tsludwig·May 29, 2020·essay·no-code·offshoring·smb·workflow

Channel the worldview of @shl I organized and distilled his last 3,000 tweets into a summary of his big ideas, in two parts… Part 1⃣: Business, Learning, and Life Philosophy↗

·@jmikolay·May 29, 2020·tutorial·business·learning·philosophy·summary

My favorite books and my main takeaway: Punished by Rewards — People hate being controlled with carrots & sticks, and only intrinsic motivation lasts. Man's Search for Meaning — A good life is a story you're proud of. 4 Hour Work Week — Design your own lifestyle, step by step.↗

Barstool Sports Content Model: - Find amazing talent - Give them a platform - Provide them with the infrastructure to succeed - Align incentives so they don’t leave This is the model for the next generation of media companies↗

We just raised our Series E in the middle of Covid. Raising this round was so different from other rounds! Biggest differences/lessons we learned:↗

·@drogier·May 27, 2020·essay·covid19·fundraising·series-e·startup

We think a lot about how to "unlock" talent at @beondeck. For everyone founding or working on a startup today, there are hundreds more who should be but can't. We're developing something we hope will help them. Excited to share more about "Runway" and the "Convertible ISA" 👇↗

We wanted to create an introvert-friendly way for our @webflow teammates to connect that didn't require an extra zoom meeting — or pants, for that matter 👖 Our solution: "15 Questions" — an async game we run on @SlackHQ. It's been so fun so far! More in the thread below :)↗

Two important trends: 1. BYOT — people who use Notion (for free) take Notion to work (employer pays) 2. TYOW — people who use Figma (and sadly got laid off) need to take their work with them (update portfolio, freelance, find new role) Software companies need to build for both↗

·@briannekimmel·May 19, 2020·essay·figma·notion·saas·work-trends

Weblow wizards: Is there a cloneable template/page where I showcase 20-30 avatars from Twitter on one page with clickable links to their profiles? I am build a "Who's on Cuppa" page and need some help. (site -> @getcuppaio) Thank you!↗

·@thisiskp_·May 19, 2020·tool·avatars·cuppaio·templates·twitter

This pandemic will hopefully mark the end of the perversion of higher education. Since the 1980s, kids and parents have been forced to play a series of stupid finite games - grades, extra curriculars, influence peddling, donations for infinite assets: skills and knowledge.↗