The average Indian founder who builds something that lasts is 34 at founding. Not 22. Not fresh out of IIT.
34, with a decade of domain experience, a real professional network, and enough savings to not need a salary for 18 months.
The myth of the young founder is a Valley import that has never fit India as well as the ecosystem pretends.
Focus is an underrated founder trait
It appears easy to say but extremely hard to do, with team, customers, investors, and competitors doing or saying different things
Focus is a sign of high self-confidence in extreme uncertainty
Rockets use most of their fuel in their first minute of flight to escape the pull of gravity. Once they get outside that pull, it’s effortless. 🚀
Same with your funding, getting the first cheque, validation is very hard. The rest story follows.
#startuplife#entrepreneurship
social media tells us glorified stories of successful startup founders — how they started, scaled, raised, made memos that everyone wanted to get their hands on, well crafted reports on things their startups are doing right — what it doesn’t tell us is about the daily struggles.
A life without devotion
A life without the desire to achieve mastery in a particular craft
A life without the goal of becoming the highest possible version that a human being can be
Is a life devoid of essence
It can be called anything, but #life
Never giving valuable details away
How do you do this?
When you feel like oversharing, ask yourself if it's worth it.
If the answer isn't clear or won't have any meaningful impact on the interaction, don't share it.
"How did the fish get caught? It opened its mouth."
#skillset
No asset class can make you more money (if done correctly) than your own business. Even Warren Buffett, famous "stocks investor", made majority of his wealth from his own business - Berkshire Hathaway. Warren Buffett is in the BUSINESS of investing.
If you want to make the world better, one of the best ways to do it is to compete with governments and large nonprofits, because they are so ineffective.
After advising hundreds of multi-millionaires, there's one thing they all have in common...
They don't only think in terms of Return on Investment, but also consider RETURN ON HASSLE.
Here's what that is, and how you can apply it to your wealth building strategy
🧵👇
Emotional decisions, historically, have high failure rates. The difficulty lies in knowing when not to be patient.
And that dilemma is determined by whether being patience enables competitive advantage or not.
Failure to act will force you into a inferior position.
(3/3)
Patience forces the impulsive to make errors.
90% of the time, you get the upper hand if you’re patient.
The other 10% is understanding why patience makes things worse and knowing that you must act. When does patience become a tactical error?
(1/3)
When it allows opposition to power consolidate, secure a position, use up resources, lobby popularity.
In all other cases, patience forces errors made by others. The reason patience has a high success rate is because the opposite; *impulsivity* is driven by emotions.
(2/3)
Leverage
"Give me a place to stand and a lever long enough and I shall move the world." - Archimedes
Leverage is anything that multiplies the force of your inputs.
Building systems that provide leverage on your time, money, & energy will allow you to create a life you deserve.