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55 posts

Sam Altman - Hard startups

Part of the magic of Silicon Valley is that people default to taking you seriously if you’re willing to be serious—they’ve learned it’s a very expensive mistake, in aggregate, not to. If you want to start a company working on a better way to build homes, gene editing, artificial general intelligence, a new education system, or carbon sequestration, you may actually be able to get it funded, even if you don’t have a degree or much experience.

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Seth Godin - Bored

Bored means that you’re paying attention (no one is bored when they’re asleep.)

Being challenged at work is a privilege. It means that you have a chance, on someone else’s nickel, to grow. It means you can choose to matter.

I’m glad you’re feeling bored, and now we’re excited to see what you’re going to go do about it.

Seth Godin

https://seths.blog/2020/04/thoughts-on-im-bored/

Li Jin - 100 True Fans

Rather than viewing one’s fans as a uniform group, the 100 True Fans model calls on creators to distinguish between various subsegments based on affinity and willingness to pay.

The relationship super-fans have with creators is different from regular fans: they become disciples, protégés, co-learners, and co-creators. As such, they require a whole new set of tools and platforms.

Li Jin

https://a16z.com/2020/02/06/100-true-fans/

Jonathan Hsu - Growth accounting

With a 40% gross retention rate, mobile app A churns 60% of its active user base every month. Mobile app A’s quick ratio has been fluctuating between 1 and 1.5, which means that for every three new users the company adds, it is also losing two to three users to churn.

That churn, however, is masked by new users who sign up for the app and show activity in that month.

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Dominic Price - Scaling organizations become more effective

An org that is truly scaling, however, is becoming more effective as it gets bigger.

The difference is purpose.

When you know why you’re doing what you’re doing, you make better choices about allocating resources and saying “yes” vs. saying “no”. Scaling enables you to stop doing one thing so you can start doing something new.

Dominic Price

https://www.atlassian.com/blog/teamwork/unlearn-five-fallacies-innovation

Ryan Singer - How I wrote Shape Up

After the workshop, I emailed every attendee and asked if I could interview them by phone. The interview wasn’t about the workshop — it was about what was going on in their company when they decided to apply. I had a lot to say about product development, but I didn’t know which specific things actually mattered to people. I didn’t know what they were struggling with. The interviews gave me a way to learn what was going wrong in their teams, how they made the decision to attend the workshop, and what they hoped to get out of it.

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Jeff Glueck - Start charging early

First, Foursquare decided to start treating its data like the valuable property it is. It asked those big companies to start paying for its API.

The developers on the other end of the line basically laughed and said, “Yeah, we were wondering when you were going to start charging.” Crowley was amazed. “I had never had that experience in extracting dollars from big enterprise customers, but thankfully we had people here who knew how to do that.”

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John Biggs - Time constrain your work sessions

How well is your company doing? How many users do you have? How fast are you growing? How much revenue are you generating?

If your numbers are good, chances are that the investors will pay attention, even if they’re not immediately interested in your space.

If someone is pitching something that is consistently growing at 50 percent per week, I’m reaching for my checkbook, and you can explain to me what it is later. It’s that simple.

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Andrew Chen - Growth hackers

Growth hackers are a hybrid of marketer and coder, one who looks at the traditional question of “How do I get customers for my product?” and answers with A/B tests, landing pages, viral factor, email deliverability, and Open Graph. On top of this, they layer the discipline of direct marketing, with its emphasis on quantitative measurement, scenario modeling via spreadsheets, and a lot of database queries. If a startup is pre-product/market fit, growth hackers can make sure virality is embedded at the core of a product. After product/market fit, they can help run up the score on what’s already working.

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Rise Vision - How we are using Jobs to be Done

When outlining a project we specify The Problem To Be Solved and How We Measure Success. The Measure of Success is typically defined as one of our key performance indicators such as improvements in new user acquisition, retention, store sales, or cost reduction, etc. If solving the problem that the Job To Be Done requires isn’t expected to move a key performance indicator then it is very likely that this isn’t a high priority project and there are others that will have a bigger impact and should come first.

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Miguel Ángel Ortiz - Football is being sold

Eduardo Galeano se lamentaba de la venta del fútbol, «en cuerpo, alma y ropa», a las pantallas chinas.

Y añadía: «Es más importante la publicidad en el pecho que el número en la espalda».

En los 70, apareció en la camiseta del Eintracht-Braunsckweig y, desde entonces, las marcas se han apoderado de todo, incluso de los nombre de los estadios. Han comprado el fútbol, transformándolo en un deporte con un 2% de ganadores y un 98% de perdedores. Ganadores que, curiosamente, defraudan fuera del campo.

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Tom Foster - Reimagine the entire industry

But perhaps the most important thing in this building is on Arison’s computer. It’s a document that lists everything he learned from his experience with Taxi Magic, which he’s now applying to Shift.

This might be the biggest Uber lesson of all, and one that Arison hasn’t yet internalized: If you want to build a transformative company, you have to reimagine an industry, or create a new one, not buff up an old one. That’s why Uber succeeded where Taxi Magic failed. It didn’t try to improve taxis; it replaced them.

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Aaron Levie - Business structures

There are a lot of people around the world that actually want to do awesome things. They want to do their best work, but they’re not recognized by the organization. Their ideas don’t bubble up to the top, because of the complex and archaic way that we built businesses. I think that some people will lose in this future — the people that got ahead hoarding information and working in a way that was very specific to that model of an organization. You’ll have a new era of people that are able to win on their ideas, and able to win on what maybe we would consider to be actually better reasons, that open up opportunity for a lot of people that previously their voices were not necessarily heard.

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Naval Ravikant - Lessons learned

What used to cost $1M-$2M to set up, now costs $10K. What used to cost $5M to build, now costs $250K. What used to cost $20M to go to market now costs $1M.

But the upside hasn’t gone down. It has gone up. The 3 billionth person will be online shortly. They can all use the product. Network effects are stronger than ever, and some businesses become natural monopolies very quickly. Most web products have no marginal cost of replication, so adding a new customer is pure profit.

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Scott Belski - First mile of a product experience

The first mile of a user’s experience is the top of your funnel for new users and needs to be the most thought-out part of your product, not an after-though.

For any product with aggressive growth aspirations, I’d argue that 30%+ of your energy should always be allocated to the first mile of your product.

Even if your user experience for new users is performing well, don’t forget that new types of new users are the real source of growth.

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Yaakov Karda - Lessons learned

In many ways, Getwear’s story was an attempt to revive a golem. Most people, whatever their social group or сlass, don’t see the need to design their own clothes. Getwear was doomed from day one.

We started listening to user feedback only when we were already up and running, and acting on it didn’t change much. What sense would adding color and fabric options make if people simply are not interested in purchasing custom jeans online?

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Jason Tanz - Trust in the share economy

Much as the traditional Internet helped strangers meet and communicate online, they say, the modern Internet can link individuals and communities in the physical world. “The extent to which people are connected to each other is lower than what humans need”

So over several years, Chesnut’s team built its own trust infrastructure. It began monitoring the activity across the eBay marketplace, flagging potentially problematic sellers or buyers, providing its own payment options, and eventually guaranteeing every purchase. In so doing, eBay evolved from a passive host to an active participant in every transaction.

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Michael Bierut - Massimo Vignelli was very enthusiastic

Massimo cared deeply and obsessively about typefaces, kerning, and the space between objects.

Every time he sat down to make a three-and-a-half by two-inch business card, it was like no one had ever made one before. He worked it out so carefully and came up with something that he hadn’t quite done before.

Then he’d exclaim, “Ahh! Isn’t this great?!” He was so enthusiastic and uncynical and ready to be surprised.

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James Altucher - Dig far enough to find love

Every single one of us, without a single exception, has gone through a period of enormous stress and sadness in our lives. This is the knife that shapes our futures. Without understanding these moments, we miss the entire picture, we miss the subtleties of the work of art that each one of us uniquely is.

An archaeological dig can take years. So can a friendship. So can a love. So can a business or a work of art. The secret origins of the people all around you are like these archaeological digs.

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Dan Martell - Time constrain your work sessions

That’s it. Most of the time, we don’t fail to achieve our goals because of lack of knowledge and how-to, it’s because we haven’t associated the right level of motivation to the outcome.

It’s a powerful story to help remind you that anything is possible when our backs are against the wall.

Crating time constraint work sessions either personally enforced, or by not bringing your power cable on a work session will have a huge impact on your output. It also gets you into flow a lot faster.

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Robert Williams - People need to believe in your punchline

To make you laugh, a comedian has to convince you into believing their punchline. Jerry Seinfeld is a comedy master. His observational humor is not only hilarious, it’s caused millions of people to say “the way he explained that is exactly how it actually feels!”

This is what our websites don’t do. They don’t setup the punchline. Instead they just go straight to “we’re the best, laugh at all of our jokes.”

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Ben Horowitz - Lead bullets

“There are no silver bullets for this, only lead bullets.”

They did not want to hear that, but it made things clear: we had to build a better product. There was no other way out. No window, no hole, no escape hatch, no backdoor. We had to go through the front door and deal with the big, ugly guy blocking it. Lead bullets.

Ben Horowitz

https://a16z.com/2011/11/13/lead-bullets/

Michael Lopp - Stables and volatiles

Stables - appreciate direction, happy to work with a plan - they appreciate it. Order is good. dot the i’s and cross the t’s. Play nice with others and are carefully work to mitigate failure make good & predictable decisions.

Volatiles - define strategy rather than follow it; failure is not interesting to them. Risk gives a thrill. Code volume over quality. Reliable when it’s in their best interest. Tell them what to do and they’ll say ‘fuck you’. Allow them to choose by proposing you have a hard problem and ask if they can help or give you their advice and they’ll jump right in (a bit like a 5 year old!)

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Ryan Luedecke - Ideas from past experiences

Determined to turn this rejection into a learning experience, I probed Logan for details. He didn’t want to make his office manager split the snack budget just for some jerky.

I framed Sumo Jerky as a healthy & productivity enhancing office snack and he seemed much more excited.

Logan’s office never ended up becoming a customer, but his excitement would eventually help me sign up hundreds of customers.

Lesson: Always politely ask “why” when people reject your sales pitch.

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James Victore - How to get hired

[…] Your next employer (if they’re worth their salt) is going to want you because you have a particular brand of awesome and vision. The next time you go into an interview, or send an email, or ship a box of goodies to that company you love, make damn sure that you represent YOU at your best.

A monkey might be able to do the skills required for your job, but it’s going to take your own special blend of kindness, honesty, enthusiasm, ingenuity, humor, and gusto to make that job YOURS, and to make it sing.

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Oliver Reichenstein - Thinking is stressful

Quality — as in “fitness for purpose” — lives in the structure of a product. A lack of quality is a lack of structure, and a lack of structure is, ultimately, a lack of thought. One does not find a solid structure by following some simple method. We deepen the structure by deepening our thought on the product. Our role as designers is to put thought into things. And that’s why most websites, clients, and jobs suck, and will always suck. Everybody hates to think, because everybody hates to listen, everybody hates to reflect, and we all hate to use our imagination.

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Justin Kan - B2B Customers will actually pay

B2B Customers will actually pay for your products.

B2C is way harder to monetize unless you’re at massive scale because no one wants to pay.

When asked how much people would pay for Facebook, it’s a fraction of what Facebook actually makes from ad revenue. Consumers are price sensitive, so you often need other models that rely on some other element, like data, to make sufficient money off consumers.

In B2B you can just charge a price and the company will pay if the product is worth that much to them. Then, over time you can improve it and charge more. Also, it turns out that most everyone in B2B is charging too little.

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Derek Sivers - Generosity and abundance

All great service comes from this feeling of generosity and abundance.

Think of all the examples of great service you’ve encountered. Free refills of coffee. Letting you use the toilets even if you’re not a customer. Extra milk and sugar if you need it. A rep that spends a whole hour with you to help answer all your naive questions.

Contrast it with all of the bad experiences you’ve had. Not letting you use the toilets without making a purchase. Charging an additional 50 cents for extra sauce. Salespeople who don’t give you a minute of their time because you don’t look like big money yet.

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Dan Wieden - Chaos challenge authority

Chaos does this amazing thing that order can’t: it engages you.

It gets right in your face and with freakish breath issues a challenge. It asks stuff of you, order never will. And it shows you stuff, all the weird shit, that order tries to hide.

Chaos is the only thing that honestly wants you to grow. The only friend who really helps you be creative. Demands that you be creative.

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Seth Godin - Pick yourself

Are you satisfied creatively? Not even close. That’s a very dangerous place to be and it would truly depress me if that happened and I would get very scared as well. I think if your goal is for everything to be okay, that’s a mistake. To achieve that goal, the only obstacle you’d have to face tomorrow is to eliminate all risk so that everything would be okay. I’ve made the decision that I’m never trying to make everything okay. I’m trying for there to be more loose ends, not fewer loose ends.

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John Maeda - Business models that pay for the design

My interest is not the physical design. It’s the fact that there are two things. There’s the iTunes ecosystem, which allows people to pay for downloaded music. And number two, there were all kinds of business models built around the iPod.

For instance, there was a 34-cent chip that you had to buy if you wanted to connect your box to the iPod. The cable had a chip inside it, so you had to have a chip inside the cable for it to talk to the iPod.

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