Taiichi Ohno built Toyota’s production system. His training method was a literally chalk circle on the factory floor.
He’d put a new manager inside it and tell them to stand there and watch!
8 hours
No phone
No notebook
Just watch
After an hour they’d come back saying they’d figured out the problem. Ohno would send them back.
“Keep watching.”
By hour 3 they’d notice the worker reaching awkwardly for a part.
By hour 7, the pause before every weld because the operator was waiting on the guy behind him.
None of that shows up in a report. Reports compress 8 hours into just a number.
The number says output is 94% of target.
It doesn’t say why the guy is standing on his tiptoes.
Most executives have never watched their own operation for 8+ hours.
They’ve read a 1000+ dashboards. Those are not the same thing.
By the time it reaches you, it’s just a bar chart. On a bar chart, everything looks pretty fine.
The only way out is to go sit in the circle.
Sit there until you notice something that isn’t in the summary or bullet points.
Because the summary is always wrong in exactly the places that matter.
@agazdecki It’s not just how many millions you keep, but how many employee millionaires you create, too.
Bootstrapped companies can give equity ownership to employees, but it’s rare. Also have you considered audio ads from @Decibelads ? Audio + smbs = 💰
One of my life goals is to build a startup the Silicon Valley way.
1. Get into YC
2. Have cofounders
3. Raise a Series-D
4. Add “IPO” to company values
5. Burn $5m+ monthly
6. Own 10% of my company
7. Say “double click” a lot
8. Hire expensive PR agency
9. Billboard on the 101
There are 2 paths to success:
- Be Top 1% in the world at 1 thing
- Be Top 25% in the world at 3 things
Top 25% is achievable by most people.
The problem is most people focus on being Top 1%.
Work on combining “3 pretty goods” and stay at it.
It’ll pay off big.
Most people overinvest in expiring skills & underinvest in permanent skills.
Expiring skills are tactical; their relevance diminishes with time and technology
Permanent skills are evergreen and create disproportionate impact
E.g. communication, judgement, trust, empathy
Crypto is a systemic shock that’ll make society more equal.
Rising inequality is an inevitable feature of capitalism. But like all systemic shocks through history, the rise of crypto’ll help reset wealth distribution.
Here’s why & what it means for your own wealth strategy 👇
@TheValuesVC@chachovaladez I found setting up a diverse VC easier then setting up a twitter account- but will find out how easy it will be to work with other VCs
40% of VC dollars raised are burned on Facebook and Google Ads. Instead of raising money for marketing, use your equity as a tool for sustainable marketing.
If your company works with creators, consider carving out a Creator Equity Pool to align incentives. DM for details.
@CryptoSurfsUp Thank you. Very much similar to investing in coins, research, research and more research... then plug in money. You can join angel community first or try back a vc fund.
I have invested in two crypto companies @BLOKBOT2 and @Gig_Labs . #invest in what you enjoy.