How to Get Rich (without getting lucky):
Habits that have a high rate of return in life: - sleep 8+ hours each day - lift weights 3x week - go for a walk each day - save at least 10 percent of your income - read every day - drink more water and less of everything else - leave your phone in another room while you work
1/ I believe there are things that CEOs almost universally feel, but are afraid to talk about, making this journey as a CEO lonelier and less healthy. I recently had an amazing dialogue with some other CEOs about these topics. I wanted to broaden the conversation publicly.
1/ The first 18 months of starting a company is often life or death. I must've made 5 different companies that each failed within 9 mo. 😭 Each time the company failed I figured out what I could do better. Eventually startup #6 got to $40K/mo by month 18. Here’s what I learned...
1/ A picture is worth a thousand words. And to me, an x-y is worth a million. Here are some things I believe to be true based on my experience as a CEO and investor. Some or all may be completely wrong.
1/ Getting my first 100 customers always felt like a puzzle. The next 1000 seemed unreachable. Besides, how can you get feedback to make the product better w/o users? After many years, we ended up w/ 6,000+ paying customers. It was a grind to get there.😩 Here's what I Iearned...
1/ A few weeks back I asked folks for suggestions on the best writing on product management. I promised to compile & share back everything I've found, so here goes:
notes the black swan thread 1 When Taleb was student he was advised to choose a scalable career path. If you’re a doctor, dentist, consultant or message proffessional, there is a limit to the amount of clients you can see in a day AND the amount of money you can make in one day
Stumbled across the Series A pitch deck I presented to @a16z back in 2014. Nostalgic. https://t.co/5hh930vnve
1/ Addiction to paid ads is bad. The Paid Marketing Shark Fin happens when CAC goes up over time, causing unprofitability, which then drives budget cuts, slower growth, and more cuts. More here: https://t.co/0Mlavumihw
Request for product: A company that handles employment/paystub/insurances/options for you in other countries, combined with easy software ala gusto and currency conversion like transferwise. Goal: easy employment in remote teams
On my mind re: scooters: -near-immediate product-market fit -basically no entry barrier -founders most anywhere can spin up their local version right now -BUT, solving big last-mile pain point, lots of $ & consumer interaction, relatively quick payback period
Am moderating a panel on incubators today at a conference. Am curious: what are the biggest companies that come to mind that have come out of vc incubators?
What ate the biggest winners to come from the venture studio/builder model?
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