Aleks Olenev

Good

[Jon Erlichman @JonErlichman]

2012:                            2024:
Coinbase founded    $10.5 million in
in an apartment.    revenue per day.

[Aleks Olenev @OlenevAleks]

@polkastarter GAM3S

[Startup Archive @StartupArchive_]

Reid Hoffman on why the best founders don’t have work-life balance

In the clip below, the founder of LinkedIn addresses the classic question on work-life balance at startups:

“I actually think founders have no balance… If I ever hear a founder talking about how ‘this is how I have a balanced life’ and so forth, they’re not committed to winning… The really great founders are like: ‘I am going to literally pour everything into doing this. Now it only may be for a couple of years… But while I’m doing this, I am unbalanced at this thing.’ It’s not to say that you don’t take breaks or you don’t go on dates or whatever else. But you’re super focused on this because it’s really hard and there’s lots of ways to die.”

Elon Musk emphasizes this as well:

“If other people are putting in 40-hour work weeks, and you’re putting in 80 hour work weeks, you will achieve in 6 months what takes them a year to achieve, which will greatly improve your odds of success”

Why make such extreme sacrifices?

Well, as Paul Graham puts it in his essay How To Make Wealth:

“Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.”

In the early years, you will have to make lots of sacrifices and shouldn’t really expect much work-life balance if you want your startup to be successful.

But you can view it as an opportunity to compress your whole working life into a few years.

And hopefully excitement about what you’re building and the extremely-talented team you’re building it with make those long hours way more fun and rewarding than a normal 9-to-5 job.

[zatmonkey @zatmonkey]

The cat's out of the bag! Thank you @deantak for breaking the news. I'm super humbled to see @azarusio tightening even more our bonds with the @animocabrands family - @ysiu
's leadership is inspiring! Excited about what lies ahead!

Gamers and streamers, follow @azarusio, we'll be celebrating in style and $AZA soon!

https://t.co/dCuPURDcqU

[Coinbase 🛡️ @coinbase]

Our Q3’23 update is in.

Read the full shareholder letter and tune in to our earnings call here → https://t.co/RB0GnTQXTF

[Bitcoin Archive @BitcoinArchive]

🇺🇸 Institutions accept that a spot #Bitcoin ETF appears imminent - Matrixport research note 👀

[Johnny Ng 吴杰庄 @Johnny_nkc]

I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance.

[OKX @okx]

Inflation, data breaches, and censorship are symptoms of a broken system. 🔗‍💥

Enter #Web3 - trustless, transparent, & permissionless. It makes economic freedom accessible & financial inclusion possible. ✊✨

#RewriteTheSystem with #OKX: https://t.co/ECwmYkwE5r

[Aleks Olenev @OlenevAleks]

@dstockhaus @polkastarter