The CEO of Palantir was asked why he didn't have a driver’s license. His response:
“When I was growing up I was too poor to have a car. And then very quickly I became too rich to drive myself.”
Only in the America.
After building one multi-billion dollar company and seeding another 40... I'm convinced that founders (especially the CEO) have a HUGE impact on whether a business gets there; the journey a decade & there's no way to stay that course that long without constant effort + vigilance.
The best definition of the job of a product manager I've heard: To turn the potential energy of your team (e.g., your engineers, designers, etc.) into as much realized value as possible.
Top 10 Lessons Learned from 10 Years in Venture
The two points that resonated the most:
(1) Outlier Potential over Risks of Failure, and
(2) not overvaluing early traction.
So important, and so hard!
https://t.co/DvDDlDyxrX
@Sequoia has distilled PMF into 3 types of problem to solve:
🔥 Hair on Fire -> Be different, not merely better
⛰️ Hard Fact -> Upend the status quo
🔮 Future Vision -> Make sci-fi a reality
https://t.co/JzeQuDLnIB
Virtually all companies that get to >100M in revenue do so by leaning into 1-2 channels that fit their business and then investing heavily in become great at them.
Almost all growth comes from making your core channels work better and better, not finding new ones.
After a decade of proving its linerless, weight-saving composite tanks with NASA and more than 30 aerospace companies, @Infinite_C_T is scaling for growth in commercial space and sustainable transportation on Earth https://t.co/M9WD62DXT0
The biggest mistake pre-product-market-fit companies make is they don’t focus on a narrow enough customer segment. Target an impossibly small audience. Earn the right to do the next thing.
"Four steps: choose a field, learn enough to get to the frontier, notice gaps, explore promising ones. This is how practically everyone who's done great work has done it, from painters to physicists."
- Paul Graham in "How to Do Great Work
https://t.co/Yh97CxOsGa