Top focuses in the world…
Top focus in running a tech/marketing/sales team? It’s not strategy, product or market (although important). It’s people.
Top focus for a CEO running a company? People
through "decision by calculation" and focus more on decisions than the work itself. Decisions are "path" decisions. Be on the right path. What exciting or hard decisions will I make today?
Decisions are the HIGHEST time/energy arbitrage in a company and life. We can get and calculate 6,000x T/E arbitrage by focusing on decisions and then delegating tasks. 10 $40 products over 100 days vs 50 $20 products with 10 hours dedicated to making a product choice decision
means the 10hrs making the decision is a 6,000x improvement on how we spent our time versus staying in the trenches on product one and not surfacing product two or employee two. DECISIONS are the highest value thing in a company and life...quantifiably. Very exciting to operate
How to build an iconic startup?
Focus on building a team that makes each other better and create a culture people enjoy being a part of because the best teams always win.
Sometimes it's that simple.
VCs are risk takers.
Even the best investments have a slew of risks attached to them. So how can you convince a VC to invest regardless of those risks?
Answer: Prove that you’re the RIGHT person to do it. Being the best person to solve the problem de-risks many risks VCs have.
Your personal brand is your superpower.
It increases your surface area for luck, connections, and customers.
Here are 5 principles for building your brand (that you aren't using today):
I just came up with a new idea. Sharing my thought process:
1. Call my best friend for sanity
2. Socialize with friends to fine-tune value prop
3. Google to see competitors
4. Convos w/ target audience
5. Brainstorm a scrappy MVP
6. One hour on pitch-deck to flesh out concept
Tokenomics to become a new bucket in unit economics calculations for customer driven businesses. An LTV incentive loop for loyal customers. More token holders = greater defensibility / valuation
I've made more money taking online courses than I did from my MBA.
Universities had a monopoly on "learning."
That monopoly has broken.
We are in the first inning.
My friend took a company to $100Million in revenue and profitability w/o VC funding.
I sat with him to learn how to do the same; here's what he told me: