There's no upside in hating on someone's idea. You come off as non-believer or ruin their confidence. Instead, just ask the questions that make you hesitate & let them come to their own conclusion. If you're right, you helped them think it through. If you're wrong, you'll learn.
How founders pick their VCs:
Series E: price
Series D: price
Series C: price+brand
Series B: price+brand+illusion of help
Series A: brand+possible help+price
Seed: many reasons
Think and Grow Rich, published in 1937 by Napolean Hill. Hill interviewed and studied the lives of Henry Ford, Andrew Carnegie and Thomas Edison, among many others. This book contains principals that made these extraordinary people successful. Unlike the…https://t.co/IDUcx2fQsL
When building habits, choose consistency over content.
The best book is the one you can’t put down.
The best exercise is the one you enjoy doing every day.
The best health food is the one you find tasty.
The best work is the work you’d do for free.
Recently @BillGates asked me which statistics we should all know if we want to understand how the world is changing.
Just now he published my answer on his personal website:
https://t.co/GtNUJgdlxR
Next week, minimum wage in SF rises to $15/hr, up 40% from 4 years ago (was $10.74) + $2.83 healthcare; This means 1) meals are about to get more expensive, and 2) more opps for automation in restaurants. Labor has historically represented ~25% of rest costs, more like 40% in sf
1/ Getting my first 100 customers always felt like a puzzle. The next 1000 seemed unreachable. Besides, how can you get feedback to make the product better w/o users? After many years, we ended up w/ 6,000+ paying customers. It was a grind to get there.😩 Here's what I Iearned...
When Bill Gates first met Warren Buffett, their host at dinner, Gates’ mother, asked everyone around the table to identify what they believed was the single most important factor in their success through life. Gates and Buffett gave the same one-word answer: “Focus.”
Victor Frankl was an Austrian psychiatrist who was a prisoner at a Nazi concentration camp. He survived the Holocaust, but his parents and wife were killed.
In his book ‘Man’s Search for Meaning’, he explains most prisoners were suffering from an injury,…https://t.co/AvmQed5MZB
Iacocca: An Autobiography
Lee Iacocca is a legend in the American Automotive industry. Iacocca started out at Ford in the 1930s and three decades later became the President. Just when he thought he had won the race, he was fired by Henry Ford II, who was…https://t.co/JCs8rTtuIY
This week in startup funding stats: far more institutional deals closed / reported including TravelTriangle (Travel) Yumlane (Food) Samunnati Financial Intermediation & Services Private Limited (Finance) LoadShare Networks Pvt Ltd (Logistics) and Carcrew (Transportation)