How hard can it be to identify the right companies to invest in? Very hard as the return comes just from a few *lucky* shots. Out of 10 investments only 1-2 will make the return of your whole portfolio.
🥳 Community-driven founders: surprise! I have a 200+ Community-Driven Founder Resources Guide for you. This is to help you succeed on your startup journey. The guide is created by and for the community.
You can get it here: https://t.co/EDrHx6Ucio
Really love what Gumroad and @shl are doing for the creators out there. My wife is a raving fan and user of @gumroad. Want to be part of the journey? You can now invest in them: https://t.co/Yz4rDQ1XgA #joinrepublic
Reflected a lot today about power law distribution and portfolio theory today. Why do we as Angels investors still believe we can beat the power law. Would it not be better to spread investments over as many entrepreneurs as possible?
I wanted to share with the Twitter world that I'm SO EXCITED that I formalized and launched @unrulyventures. It's a venture studio, consultancy, and investment platform a that combines much of what I've done over the years into one place. The things I'm focused on are:
A few ideas I live by:
- Only intrinsic motivation lasts
- A good life is a story you’re proud of
- Anti-goals are more reliable than goals
- Optimization is fragility
- Ambition is dose-dependent
- Procrastination is information
- Happiness is getting in the flow
Yours?
People tend to conflate the desire to work for yourself with the ambition to do grandiose things.
I’m not trying to become the next Zuckerberg. I just want to wake up whenever I want. Take mid-day naps. Spend time with my kids without asking for permission. That sort of thing.
Notes to self after a tiring week where I could have managed my energy better:
- fewer zooms, more calls
- don’t meet when you can write
- go outside every day
- get off phone and go to sleep
- close more chrome tabs
- pick top priorities, ignore the rest
Knowing about something through reading or hearing second-hand accounts is *so* different than knowing about something because you experienced or lived it directly.
The latter is about 100 times more valuable.
Watch this. It shows why we should all do the right thing and stay home to the fullest extent possible. All of us can help slow the spread of the virus, protecting the elderly, the vulnerable, and each other. https://t.co/FgffQrMVB7
The 3 Levels of Employees:
Level 1 — You do what you are asked to do.
Level 2 — Level 1 + You think ahead and solve problems before they happen.
Level 3 — Level 2 + You proactively look for areas of opportunity and growth in the business, and figure out how to tap into them.
When people visit your startup, they should be surprised how few people you have. A visitor who walks around and is impressed by the magnitude of your operation is implicitly saying "Did it really take all these people to make that crappy product?"
“Follow your passion” is such a scam.
But it’s not as catchy as “follow the thing you’re pretty good at and people need, and then work really hard at it for a long time, and then later realize you’ve built a passion for it"