Lance Sun

Sharing high leverage lessons from elite performers & world class startups || Solo capitalist, working on a few things || Ex corporate VC, entrepreneur

[Lance Sun @TheLanceSun]

Almost all startups fail.

Having backed 3,500 of them, Y Combinator knows why.

Here's where founders make the biggest mistakes:

(avoid them at all costs)

[Lance Sun @TheLanceSun]

Working on something exciting, will come back to share.

Stay tuned 🚀

[Lance Sun @TheLanceSun]

@JTorreCoaching I've always asked more questions than most people care to answer.

I was not an easy child to raise 😂

[Lance Sun @TheLanceSun]

The most important thing when getting advice:

Know the context.

Make sure you understand their:

— Financial situation
— Demographics
— Values & beliefs
— Personality
— Goals

Then decide if it applies to you.

[Lance Sun @TheLanceSun]

@nickbussola Great example Nick. Very different strategies for different situations.

[Lance Sun @TheLanceSun]

@TaylorLagace Love the detailed breakdown Taylor!

I always learn something new from you 🙏🏼

[Lance Sun @TheLanceSun]

@HarrisFanaroff Ha yup! Cheap advice is the most expensive to take.

[Lance Sun @TheLanceSun]

@BenGrant49 No silver bullets!

[Lance Sun @TheLanceSun]

@liammotivado Completely agree.

[Lance Sun @TheLanceSun]

@sama Works fine for me. How often does it drop?

[Lance Sun @TheLanceSun]

@liammotivado That's amazing. Takes massive courage to drop Super Bowl money for something like that.

[Lance Sun @TheLanceSun]

@liammotivado Well said Liam!

To your point, the advice is more likely to be good if they ask more questions to know your situation.

[Lance Sun @TheLanceSun]

@eugenecheang Exactly Eugene. There's usually no stakes for the advice giver, so they have nothing to lose if things go wrong.

[Lance Sun @TheLanceSun]

@VineetSinha The more context, the better!

[Lance Sun @TheLanceSun]

@theoohene In fact, most of it's pretty bad or taken way out of context (which makes it bad).

[Lance Sun @TheLanceSun]

@singhcredible Absolutely. It's a bit of an art to develop a good filter.

[Lance Sun @TheLanceSun]

@IAmClintMurphy Absolutely Clint.

Bad advice is very expensive. Make sure to vet your sources.

[Lance Sun @TheLanceSun]

@IAmClintMurphy Peter Lynch breaks down investing so simply.

Great read for just about anyone.

[Lance Sun @TheLanceSun]

@HarrisFanaroff So simple to get the key answers. Just ask.

[Lance Sun @TheLanceSun]

@theoohene Wow I've used a lot of these phrases without realizing they were entire books.

Great list.

[Lance Sun @TheLanceSun]

@singhcredible You really got that full benefit!