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↗

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.↗

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 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 👇↗

@jlengstorf @johnlindquist @chrisbiscardi @eggheadio An ongoing educational documentary series would be what I'd think was interesting. Video summaries with some measure of storytelling and community vibe. I'll leave the live streaming to the pros :)↗

@gustavormiranda @naval Headliner mate.↗