Raymond Cheng

1% better every day.

[Dina @DATADXU]

@MuddyPrincessUS #muddykidsusa has anyone been scammed by #muddykids where they cancel your event and does not offer a refund or respond to your emails. I would like to gather names and start a class action lawsuit. #kidsactivities #toughmudder

[Rob Petrozzo @robpetrozzo]

We make all our content in-house @OnRallyRd

“We” = Me

Stories like the Michael Jordan one below - brief, interesting, archival.

I love doing it, but I REALLY need someone to handle it going fwd. But it can’t be the same bulls*t collectible content everyone makes

Know anyone?

[Raymond Cheng @Ray_Jing]

@robpetrozzo The soundtrack almost as good as the car 😍

[Raymond Cheng @Ray_Jing]

@robpetrozzo one of the few products that live up to its promise

[Chamath Palihapitiya @chamath]

This is 💯.

[George Pu @TheGeorgePu]

Having high ego really is the enemy of your founder career. Valuation, funding rounds and employee headcounts were the ego metrics from 2 years ago.

It's time to let that go and build a foundational business that focus on usability and value creation for customers.

[dharmesh @dharmesh]

"The leaders in our research who built great companies understood that what happens after a decision—the level of commitment to and ferocity of implementation—counts at least as much as the decision itself."

~ Jim Collins

Amazon has "Disagree and Commit". HubSpot has "Debate, Decide and Unite".

It's often hard, but a lot of leverage to be had in aligning behind decisions.

[Raymond Cheng @Ray_Jing]

@Kellblog Same here. Never heard about that happening with Finance heads. The least volatile department by a mile!

[David Perell @david_perell]

The best leaders I know make very few movements. Fewest words. Fewest goals. Like an athlete at the peak of their sport, their excellence shows up in a smooth and efficient gracefulness.

[Raymond Cheng @Ray_Jing]

@Raadmobrem 🙋‍♂️interested!

[Dave Kellogg @Kellblog]

Everything You Need to Know About the CRO and CMO Working Relationship: In One Story - Kellblog -- aka, the view from under the bus. https://t.co/LNmqg1Caed

[Shreyas Doshi @shreyas]

Teams that try to be very smart & clever end up deficient in common sense.

Most group interactions in most companies incentivize smart & clever. It is no wonder then that so many teams operate without much common sense.

[Moses Kagan @moseskagan]

Don’t build your career on a single:

- social media platform
- investor
- customer

Can’t allow someone waking up on the wrong side of the bed to ruin your life.

[LinaHua @Linahuaa]

Being an Asian male in the US is tough.
You get zero Tinder matches.
You get randomly beaten up or shot.
Media portrays you as a nerdy loser or a stereotypical Kung-Fu guy.
And you grind like an animal in school but still get rejected by top unis because they think your haircut is a bad fit for them.

[Andrew Wilkinson @awilkinson]

"This is how civilizations decline. They quit taking risks. And when they quit taking risks, their arteries harden. Every year there are more referees and fewer doers. When you've had success for too long, you lose the desire to take risks."

–Elon Musk @elonmusk

[David Senra @FoundersPodcast]

Jeff Bezos on decision making speed:

“Most decisions should probably be made with somewhere around 70% of the information you wish you had.

If you wait for 90%, in most cases, you're probably being slow.

Plus, either way, you need to be good at quickly recognizing and correcting bad decisions.

If you're good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure."

[Raymond Cheng @Ray_Jing]

@howardlindzon Nyonya - Malay/Chinese
Hwa Yuan - upscale Chinese

[Andrew Wilkinson @awilkinson]

Never expect employees to care about saving your money unless they’re incentivized to.

Time and time again, people will do the easy thing as long as there’s no cost to them.

Example:

We once had a GM of a restaurant who would pay $300 to have the front window cleaned weekly when he could have done it in 20 minutes himself like any owner operator would have.

Incentives matter. And even more than that, shared downside + skin in the game.

Align your employees with the metrics you care about. If it’s profit, comp on profit targets. And if you give equity, make them buy it, or reduce base salary accordingly.

It’s staggering how much of a difference this makes to behavior.

You can talk about culture and values all you want, but at the end of the day, people need to benefit directly from doing the right thing for the business.

[George Mack @george__mack]

How to get lucky (without being rich):

1. Luck Razor - If given 2 options, pick the one that has the most luck potential. E.g. Cocktail party vs watching Netflix. Which one has the highest potential for future luck?

2. Avoid Boring People - Avoid people that bore you. And avoid being the boring person in the room. The more interesting you are, the more interesting opportunities people share with you.

3. Poker Mindset > Roulette Mindset - Ridiculous but true statement...

Playing a game of roulette thinking it's poker is better than playing a game of poker thinking it’s roulette. Assume everything is a game of skill. There's usually something you can control if you look hard enough.

4. Delete The Scoreboard - Relentlessly give to good people with no scoreboard in your head keeping track. You’ll end up lucky, fulfilled, and have a packed funeral.

5. Introduce People - If friend A and friend B can get value from each other - introduce them. It's a 30-second email for you and may change their lives forever. Networks are unique because they don't divide when you share them -- they multiply.

6. Get More Curious With Age - Curiosity is like your joints - it weakens with age. Assume your first thoughts about new trends are wrong. Age like Gary Vee or Mark Cuban. Put 20 hours into a new trend before you have an opinion.

7. Pursue High Leverage Relaxation - Rank all relaxation activities on this:

A. Impact
B. Time it takes

Find the highest leverage one across both scores. Do it regularly. It's hard to notice lucky opportunities when your cortisol is through the roof.

8. Get Good At Marketing - The ultimate meta-skill. If you can create a persuasive ad or landing page, you can create a persuasive CV or job interview.

Lifehack: Most people are awful at marketing.

9. Reverse Prison Advice - The cliche prison advice to a new prisoner is to punch the biggest person in the prison. Flip this on its head.

Find the best people you know and help them as much as you can. (Share their projects, give feedback, make intro’s, etc)