“You don’t go into business and say I want to create a company that grows at 15% a year, has a 22% return on equity and never has a down year. You create a product or opportunity set that people need, and if you do a good job then the numbers and financial metrics flow from that”
Hard work is not always something you can see. It is not always physical effort.
In fact, the most powerful form of hard work is thinking clearly. Designing a winning strategy may not look very active, but make no mistake: it is very hard work.
Strategy often beats sweat.
Most people need consistency more than they need intensity.
Intensity:
-run a marathon
-write a book in 30 days
-silent meditation retreat
Consistency:
-don't miss a workout for 2 years
-write every week
-daily silence
Intensity makes a good story. Consistency makes progress.
2019 state of tech investing:
Pre-seed- Bet on the entrepreneur 👨💻
Seed- Bet on the team 👨👩👦👦
Series A- Bet on the traction 🏒
Series B- Bet on the revenue 💸
Series C- Bet on the unit economics 💰
(Had to add the emojis, I know, this tweet is social media pandering)
If you haven’t started, then taking action is more important than finding the best strategy.
If you’re already taking action, then ensuring you’re working on the right thing is more important than working harder.
Your effort sets your floor. Your strategy sets your ceiling.
Most valuable information is widely accessible.
Great books of centuries past are free online.
Thinkers of today argue publicly on Twitter.
YouTube is a lecture hall that seats millions.
Podcasts are private tutors for the masses.
A golden age for the self-motivated learner.
Learn from your past experiences, but don’t get stuck in them
Your past should be a teacher, not a jailer.
Don’t squander the present dueling with the shadows of the past.
This moment is alive with possibility.
BREAKING: @Bakkt has been cleared to launch.
September 23rd another important piece of infrastructure goes live.
Slowly but surely, the future is being built in front of our eyes! 🙏🏽
Simple personal failings bring ruin to the poor and the powerful alike.
Basic mistakes doom lives more often than complex ones.
Watch your demons.
They have a way of sneaking up on you.
New Zealand has become the first country to legalize bitcoin as a replacement for the country's sovereign currency on worker's paychecks.
Retweet this tweet so every nation state sees what is possible when you embrace innovation 🙏🏽