Costco is a fascinating business. You know all those groceries you buy? Yeah, they basically sell those at breakeven and then make all of their profit from the $60 annual membership fees. Quick [THREAD]
After a year working on 1350+ icons, illustrations and a full-blown editor, we’re finally launching https://t.co/ttqvpky3Te 🙌 https://t.co/2B4W7YFcH0
Almost everything I've learned about startups: * Aim to get to cash flow positive early * Don't overly optimize for private market valuations * Build a great team and culture * Make sure the business model *works* * Focus, focus, focus. Dilution of effort will crush you
Do you run a self-funded *profitable* business? 🤑 Let’s make a list! 👉 Reply with your website :) Any type of business counts.
I’ve learned a lot about giving advice over the past 5 years at YC (still more to learn). When I started I had a very formulaic / tactical view of how startups succeed. Over time and after seeing over 1000 startups go through YC that has changed.
When it comes to achieving financial freedom, being able to create is a superpower. Here's a short story about why...
1/ Today I prepared for talking about common mistakes startups make (founding -> growth stages) by writing it in tweet form. I ramble too much when public speaking and hoped it would make the core ideas clearer in my mind and more concise. Think it worked. Here are the tweets
Don Valentine, the greatest of all time. I spent the morning watching his GSB talk. Rest in peace: 1. If you don't attack a big market, it's highly unlikely you're ever going to build a big company. (thread) https://t.co/NEOsFnJFAt
Disney + just made the most epic Twitter thread we've ever seen. 400+ tweets announcing every single title that'll be available at launch. Quick thoughts + analysis (thread): https://t.co/gFcb432laP
The week of burning man is an extremely special experience for people in San Francisco. Many people are more experienced with this than me. I want to make sure I do this right. Given that everyone is at BM: WHICH restaurant that I'd never get into normally should I try out? 🙏
I'm starting a new agency focused on NoCode design + build. Who wants to run it? :-)
It takes me an annoyingly long time to get into a state of mind where I can do deep work (not just emails and ad box stuff). What are some tricks to shorten that time?
1/ "We create software like it's a game" - @rahulvohra discusses how his team @superhuman thinks about designing products with the same video game principles that create joyful experiences - 1/2 clips below... https://t.co/EwT0DtoHFj
What notable funds are doing pre-seed at scale? @HustleFundVC, @PrecursorVC, @svangel, @ycombinator - Who am I missing? With most Seed funds moving to $1-3M+ is there a gap at the $100-500k level?
1/ "We have to have a business with some inherent characteristics that give it a durable competitive advantage." C. Munger "The key to investing is ... determining the competitive advantage of any given company and, above all, the durability of that advantage." W. Buffett
In an @earnestcapital basecamp thread, we're crowdsourcing a list of tiny automations SaaS founders can use (in @intercom et al) to save time, delight customers, improve your marketing, onboarding, support and revenue. Feel free to add your ideas 👇
Who is building with no code? And can you share what you've made?
What are your favorite, inexpensive but super delicious food places / restaurants in NYC ?
Frank Slootman, one of the best operators in enterprise software of all time, on the importance of building a strong sales and marketing team early: "you control your destiny, and you don't need anybody else to hit your numbers" Excerpts from "Tape Sucks" on the topic: https:/…
the financial stack of a multimillion dollar services business 👇
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