Great question! Thanks for asking.
HowDo's "why" is to catalyze what we call "The Virtuous Cycle of Economic Growth":
1. More innovators create
2. More solutions, which create
3. More companies, which create
4. More earnings (profit, revenue, FCF), which create
5. More spending on 1 and 2
There are 2 subcycles therein:
3.1 B2C Subcycle: [More companies create] → [Jobs] → [Spending] → [Solutions]
4.1. B2B Subcycle: [More earnings (profit, revenue, FCF) create] → [Spending] → [Solutions]
Therefore, by democratizing access to entrepreneurial knowledge, we believe that we are promoting equal access to economic opportunity.
Equal access to economic opportunity is the prerequisite to increasing wealth (aka: reducing wealth inequality) and increasing freedom.
We strongly believe that entrepreneurs and innovative leaders will catalyze an economic renaissance in America and our allies. And that these same folks will create the solutions that increase the standard of living for all life on Earth.
We are doing all of this in service of revitalizing access to the American dream.
I'll be making a video walking through this in detail so please watch this space.
Have a great day!
- HowDo
Unlock the Secrets of the AI market with this free Market Validation presented by West Stringfellow (@west_creates)
Are you an entrepreneur or innovator looking to capitalize on the AI revolution?
This HowDo masterclass, created and taught by West Stringfellow - former innovation leader at Target, Visa, PayPal, and Amazon - provides you with powerful insights to validate the AI market and make informed business decisions.
What You'll Learn
- The critical importance of market validation before investing time and resources
- A step-by-step process for researching and validating markets
- How to integrate market validation with popular innovation frameworks
- An in-depth analysis of the current AI market landscape
Practical Application
Using AI as a real-world example, West walks you through:
- AI market size and growth projections
- Current adoption rates across various business sectors
- Executive perspectives on AI from CEOs and CFOs
- Key challenges and opportunities in the AI space
Why This Matters
As an innovator, understanding market dynamics is crucial for success. This course helps you:
- Reduce the risk of failure in your ventures
- Make data-driven decisions about where to focus your efforts
- Identify untapped opportunities in the rapidly evolving AI landscape
Key Takeaways
- The AI market is large, growing, and still in its early stages
- There's significant potential for new AI solutions across various business functions
- Executive buy-in for AI is strong, but implementation challenges persist
Don't miss this opportunity to learn from a seasoned innovator and position yourself at the forefront of the AI transformation. Let's dive in and master the art of market validation together!
#innovation #ai #marketvalidation #EntrepreneurTips #GenAI
I'm Open-Sourcing the AI Innovation Process: A Step-by-Step Guide
Join me as we embark on an exciting journey into the world of AI innovation with this comprehensive, step-by-step guide. As a veteran innovator who's led groundbreaking projects at Amazon, PayPal, Target, Visa, and numerous startups, I'm sharing my expertise to help you bring your ideas to life.
In this first episode of 'Business Evolution', we'll dive into the five crucial steps of innovation:
1. Understanding the market opportunity
2. Developing the right innovation mindset
3. Building a plan for disruptive outcomes
4. Utilizing key tools for rapid progress
5. Leading an innovative team
Using AI as our example, we'll explore how to identify opportunities, deeply understand customers and competition, and design solutions that truly make an impact. Whether you're a seasoned entrepreneur or just starting out, this guide will equip you with the mindset, process, and tools to innovate with confidence.
Join me in this open-source initiative to democratize innovation. Let's reduce the risk of failure and unleash the next wave of world-changing ideas together.
Don't miss the next episodes where we'll dive deeper into each step, providing you with actionable insights and strategies.
Like, subscribe, and share to be part of this innovation revolution!
Great question! Thanks for asking.
HowDo's "why" is to catalyze what we call "The Virtuous Cycle of Economic Growth":
1. More innovators create
2. More solutions, which create
3. More companies, which create
4. More earnings (profit, revenue, FCF), which create
5. More spending on 1 and 2
There are 2 subcycles therein:
3.1 B2C Subcycle: [More companies create] → [Jobs] → [Spending] → [Solutions]
4.1. B2B Subcycle: [More earnings (profit, revenue, FCF) create] → [Spending] → [Solutions]
Therefore, by democratizing access to entrepreneurial knowledge, we believe that we are promoting equal access to economic opportunity.
Equal access to economic opportunity is the prerequisite to increasing wealth (aka: reducing wealth inequality) and increasing freedom.
We strongly believe that entrepreneurs and innovative leaders will catalyze an economic renaissance in America and our allies. And that these same folks will create the solutions that increase the standard of living for all life on Earth.
We are doing all of this in service of revitalizing access to the American dream.
I'll be making a video walking through this in detail so please watch this space.
Have a great day!
- HowDo
Alex Rodriguez asked a question. Reggie Jackson answered it.
(Shouts to the producer and rest of the desk for staying out of Reggie’s way and just letting him talk. I doubt they expected this answer. But it’s a great few minutes of television.)
nVidia is in the same position as Sun Microsystems was in the early days of the dot-com bubble.
Sun had the leading edge web servers, the smartest engineers, the most respect in the industry. If you were dot-com startup, you bought Sun servers. Smart engineers wouldn't come work for your startup if you were dumb enough not to buy Sun servers. And they charged a premium, their profits went through the roof.
Except, well, there wasn't actually anything special about them -- they weren't actually "the best", nothing really was. It's just that they were the least risky option. You knew they'd work, that newly hired employees would be familiar with them, that they were good enough.
As a startup, you don't optimize for the efficiency of your systems, you optimize for building the business, like selling pet food, doing auctions, selling books online, and so on. You want growth, not profits. Once you've dominated your market and have steady revenue, then you can afford to go back and fix the efficiency problems.
It's funny because back in 1996, Windows NT 4 running on Pentium Pro was a vastly better web server than sun. It's just that Silicon Valley startups couldn't find anybody who knew the system. Techies looked down on "Windows" and considered it a "toy" operating system compared to the mighty Solaris, and Intel CPUs were "CISC" when everyone knew "RISC" was better. Everybody was wrong, of course.
nVidia is in the same position. Everyone wants nVidia chips for AI because they are known to work, the techies know how to program for them, and so on.
But Intel, AMD, and others makes competitive chips for part or all of the AI stack that cost a lots less. Indeed, Apple's own chips are quiet good -- their Private Cloud could in theory be serviced by racks of Mac Ultra servers. But they probably are buying nVidia, too.
When the dot-com bubble burst, Sun crashed, and never recovered. Right now, VCs are throwing vast amounts of money at startups who are in turn sending it to nVidia. At some point, this will stop. Unsuccessful startups will go bankrupt and sell nVidia hardware and office chairs on eBay, successful companies will now work to attain profitability by reducing costs.
One silver lining of this talent-constrained market is that startups are going to have to learn how to develop "A players" versus just buying them. Companies that figure this out will be unstoppable, and the ecosystem will be stronger as a result.
Want to be an #entrepreneur? @HowDoCom teaches you how to use innovation to mitigate the financial risks associated with being an entrepreneur. Follow HowDo to get our free, world-class #innovation and product management training!
#startups#founders#startup#mitigaterisk
As @HowDoCom's course teaches you how to innovate, I thought we'd start the course with the definition of "innovate"!
By developing a common understanding of key terms we ensure we are aligned from the very beginning.
Visit https://t.co/MsoQGJqEwg to learn how to #Innovate.
I got up close and personal with @AuthorityMgzine to talk about how my life experiences have led me to create @HowDoCom and support entrepreneurs and employees that want to stay relevant in the face of dominating tech platforms and rapid change: https://t.co/HgTECFm0Lx.
I recently wrote this article for @BuiltIn on taking a customer 1st approach when embarking on your new venture. If you're interested in doing a deeper dive into this topic, make sure you check out the course on @HowDoCom!
#customer1st#innovation
https://t.co/6bVXQkK6cH
Our Founder and CEO recently sat down with host Nigesh Armon at the "Talk To Me" podcast to dive deeper into the topic of #innovation and explore the question of 'How to Innovate as #Entrepreneurs and #Intrepreneurs?' Tune in here!
https://t.co/5cF6Y2a5vD
#startups#founders
Our CEO & Founder @westringfellow recently shared in @Forbes how essential #innovation training is for companies that want to survive the rest of the #pandemic, promote a happier workforce and make society a livable place for our future generations.
https://t.co/ZBMq8kiJv9
In the @HowDoCom dojo finishing the 450+ slide PowerPoint deck that will be HowDo’s foundational and free innovation training course.
Major benefit to #wfh: cuddles with my bestie Princess Leia. #catcuddles#pandemicperks#innovation#training#learning