Underrated benefits of change:
•Promotes curiosity
•Increases perception
•Sparks neural activity
•Enhances adaptability
Leverage change to hold your reader's attention.
“There is no terror in the bang, only the anticipation of it” - Alfred Hitchcock
Before we start,
Sam's accomplishments:
•CEO & Cofounder of OpenAI
•Partner at legendary start-up Y combinator
•Built and sold a startup for +40M in his mid-20s
•Invested in Airbnb, Stripe, Reddit, Asana, Pinterest, Teespring, Zenefits
Let's go:
Leverage Being Misunderstood:
Bad question:
Can you stop caring what people think?
Good question:
Whose opinions matter to you?
Surround yourself with people whose opinions you care about.
Choose what time of your life to care about their opinions.
Trade the short term:
Trade:
Short-Term Low-Status for being Long-Term High-Status.
The most successful people care about what people think in the long term.
Make a long-term bet on something on something unpopular.
When you're right, then you will be understood.
Don't invest like the rest:
The 3 things you need to be a good investor:
•Access
•Decisions
•Have companies choose you
Long-form written content helps access.
Don't ask to invest, ask them how you can help.
For access, you have to make networking a full-time job.
Decide:
Decisions:
Rewards are in finding great, but inexperienced people.
•Decide to invest in people who you would work for.
•Decide to invest where costs are low but cycles are fast.
•Decide on which companies will be market leaders. (In the right market)
Network like a boss:
How to Network:
You need a team.
You are limited on your own.
Build a world-class network by:
•Helping as many people as you can.
•Develop a reputation for treating people well.
•This gives you an unlimited compounding of future opportunities.
Be willing & bold:
Be Bold & Willful:
You can bend the world to your will, but you have to try.
Doing hard things is way easier, than doing easy things.
If you are working on something important then you will have unlimited motivation.
You have to be persistent long enough to create luck.
Be Hard to Compete With:
The most valuable you are the harder you are to compete with.
Do this:
•Create a powerful brand
•Build personal relationships
•Combine multiple & valuable skillsets
The combination allows you to become unique and versatile.
Validate ideas:
Idea Validation:
The best ideas are fragile.
Surround yourself with people who don't judge you for making bad ideas.
Think of something that is possible this year and wasn’t possible last year.
That is the seed of a great startup.
The best test for ideas:
Test ideas by asking yourself:
•If this worked, will it be HUGE?
•Is this something that most people think is bad, but you understand why it's good?
Look at yourself in 20 years, then reverse engineer.
Crazy things happen in 20 years.
Trust yourself.
On Success:
How to Be Successful:
•Focus
•Network
•Work Hard
•Be bold & willful
•Be a competitor
•Think by yourself
•Be a sales master
•Compound yourself
•Get rich by owning things
Bonus Lesson:
How to Be Productive:
A small production gain of 3 minutes daily compounded over 50 years is a lot.
Moving fast doesn't matter if it's in a bad direction.
Sam's 3 pillars of production:
•Make lots of lists
•Don't waste time
•Do important stuff 1st
For more:
I talk about storytelling, business, & mindset
If you enjoyed this thread:
1. Follow me (@parkerworth) for more
2. Retweet the 1st tweet below to share this thread
Don't forget:
Show your flawed responses to turning points.
"I tried to start a podcast, but couldn't market it.
So I built a following on Twitterto channel people the podcast"
Lesson:
Flawed responses make you human. Share your failures.
🚀Our February 2023 Media report is live!
🌟Catch up on our CEO Oleksandr Lutskevych’s dual trips to the @Cointelegraph Innovation Circle & explore positive third-party reviews from @Investopedia & @CrowdFJ’s new publication, BlockWorld Magazine.
📌Dive in at the link below. 👇