My favorite @elonmusk quote that I often send friends:
Do not fear losing. “You will lose,” Musk says. “It will hurt the first fifty times. When you get used to losing, you will play each game with less emotion.” You will be more fearless, take more risks.
Highly focused people do not leave their options open. They select their priorities and are comfortable ignoring the rest. If you commit to nothing, you’ll be distracted by everything.
Principle 3:
All your tasks are not created equal. Doing great work doesn't mean that you put in your best effort for every task
Understand the difference between Leverage tasks, Neutral tasks, and Overhead tasks, and aim for a different degree of quality for each type of task:
One of the most dangerous distractions for highly capable people isn't social media...
It's seeing possibility everywhere & being unable to limit your bets.
You can't chase all the rabbits.
Just chase one, and chase it relentlessly.
we kept it a secret at leap motion that i filmed and edited all the videos myself - its been now ~10 years since i filmed and edited a video like this and i was honestly quite nervous that my skills weren't up to par for the task - but im very happy everyone seems to like it!
One mistake I made in my 20's was neglecting the compound interest of focus. I thought that if did two things, I'd get 50% progress for both. It seemed like a smart risk prevention strategy. But when you go from doing two things for 30 hours per week, to one thing for 60 hours per week, magic happens. On that 31st or 42nd hour, you spot a solution or a clue. A door gets unlocked. You have an aha moment. And you sprint on that aha moment with your full focus, without context switching. Then come next week, you've got another sixty hours to stack on top of that aha moment. So you begin to run laps around the version of you that was splitting his time.
I thought 60 hours on one thing would give me 2x the outcome of 30 hours on two things. But I was wrong. 60 hours on one thing can be 5x, 10x, 100x or even 1000x.
Midjourney launching an ultrasound scanner is such a clear example of freedom enjoyed by bootstrapped companies that VC-backed companies would never have.
Only time will tell if it’s the right bet. But such bold bets require ownership and a kind of devil-may-care attitude.
People who are extraordinary, are not extraordinary at everything...
- Be very selective about what you want to be great at.
- Don't chase a lot of things.
- Don't give everything equal effort.
Choose where you want to be great.
Be deliberate about it.
There’s an Indian VC (based there, invests there) who I won’t name. Every term sheet he writes — even $1M checks — includes this: founders must return 5x, he keeps full anti-dilution AND his equity on top, and if they don’t hit it in 3 years, he gets to fire them. 😂😭
I told him, “dude, I can’t invest into this structure, it’s insane.” His response: “JJ! No no, you don’t understand — this is totally normal in India, man! We want you to invest!!”
LESSON: Any founder in India who’s been handed this — email me. I’ll personally make sure you get introduced to VCs who aren’t actively trying to fuck you over.