“Why doesn’t that old, rich guy just retire already? He must not have a purpose in life outside of money!”
Like a lot of people, I used to think that way. But it’s wrong.
Fundamentally, there are two things humans do: We produce and we consume. That’s it.
Most of us, throughout our lives, produce and consume roughly in parity with each other. We make money, and, over time—even if invest some of it and don’t spend it immediately after earning it—we expend it all. The work we do—the economic value we create—is offset by the house in which we live, the food we eat, the medical costs of keeping us alive, the vacations we take, and all the myriad other things we consume each day and over the course of the years.
Some of us consume more than we produce. This requires some type of external subsidy, be it a trust fund, charitable support, or government benefits.
A small number of us produce more than we consume. And an even smaller number produce vastly more than they could ever hope of consuming.
These people have many different roles and titles. If you respect these people and appreciate their contributions to our society—which, by the way, I hope you do, because these are the people make it possible for you to eat food you didn’t have to grow yourself, live in a house you didn’t have to build yourself, and utilize countless technological innovations you didn’t have to invent yourself—you probably call them builders, creators, or inventors; founders, entrepreneurs, business leaders; titans of industry, pillars of community.
If you don’t like them, you probably have other terms—plutocrats, bourgeoisie, kulaks, parasites, vultures, hoarders of wealth.
Going back to the old, rich person at the start of this, that guy—whether you respect him or not—attained his position in society by virtue of having been a net producer. He’s produced more than he’s consumed; his outputs total more than the sum of his inputs. Put simply, he’s planted and harvested more than he’s eaten.
People who produce like that over the course of their lives don’t do so because they want to one day start consuming more. Men and women who spend each day as a net producer don’t just switch it off one day to become a net consumer. Vacations, rounds of golf, restaurant outings, and movie showings simply aren’t satisfying to someone whose mind—not to mention whose heart, whose animating spirit—is wired for producing.
It simply doesn’t work that way.
You might not understand it; you might not understand these people. And that’s fine—for much of my life, I didn’t either.
But don’t question what drives them just because it’s not what drives you. Because these are the men and women who built our society, explored new worlds, invented the wondrous technologies we use every day, and created the works of art and literature we get to enjoy.
And they’re the ones who will keep building, keep creating, and keep making it possible for future generations to enjoy things even greater.
Signs of success:
- you live in a city you love
- you support people you love
- you get wealthy doing what you love
- you are surrounded by minds you love
- you are growing into someone you love
- you are freely working on what you love
- you create memories with people you love
Don’t start a business unless it's the only option.
To be an entrepreneur, you have to be unemployable.
The idea of working for someone else? Impossible.
Being told what to do makes you want to scream.
You’ve wanted to shove every boss or authority figure in your life aside and grab the wheel.
You’re overflowing with ideas on how to improve things.
You're perpetually dissatisfied with everything.
In short: you're just the right amount of broken.
You don’t want to start a company. You need to.
Why else would you endure the endless struggle and misery?
The sleepless nights. Missed payrolls. Lawsuits. Betrayals.
People misunderstanding you and thinking you’re crazy.
Like Andy Dufresne, crawling through the tunnel of shit to reach freedom.
You only do it because there’s no other way.
What’s absolutely absurd to me is iPhones, plants, speakers and all sorts of non essentials are available to me in 10 mins, but not a single app that guarantees medicine delivery that fast?
The reason I’m insanely bullish on AI is that since starting Box, we have never seen a bigger shift in how we can work with our enterprise information than today.
AI completely revolutionizes how we can work with enterprise information. Since the mainframe era, it’s been relatively trivial to work with our *structured* data in an enterprise. We could query, compute, synthesize, summarize, and analyze anything that could be structured in a database - i.e. the data sitting in our ERP, CRM, and HR systems.
But it turns out this is only a small fraction of our corporate information. If you were to “weigh” the amount of data inside of an enterprise (in the form of raw storage), roughly 10% of it would be structured data, and 90% of it would be unstructured data. And our content — things like our documents, contracts, product specs, financial records, marketing assets and videos — makes up the vast majority of this corporate data. Yet for essentially the entire history of computing, we haven’t *really* been able to make sense of this information unless a human is involved. Of course we can store it, send it, share it, and search for it — but deeply understanding what’s inside this information in a way that computers can interact with intelligently has been near-impossible.
Well, for the first time ever, generative AI actually lets us talk to our unstructured data. Multimodal models especially allow us to process this content using a computer and essentially perform any task that a human can, but at infinite scale and speed. This is utterly game-changing when working with information in the enterprise.
Instantly, our content goes from being digital artifacts that get touched once in a while, to a digital memory that anyone in the enterprise can tap into always. All of a sudden instead of the more information you have making things harder to find and make sense of, the opposite becomes true. And we enter a world where your digital information becomes one of your most valuable resources.
When we can turn our content into valuable knowledge, everything about how we work changes. A new employee instantly has access to the same expertise of someone who’s worked at a company for 15 years; when you can understand what’s inside of content — like contracts, invoices, or digital assets— and extract its structured data, you can automate nearly any workflow; and AI can let us classify and protect content with a level of precision that’s never been possible before to prevent threats and risks across the enterprise.
This is simply the biggest change we’ve ever seen with how we can work with our data, and this is what we’re building with Box AI.
In 1945, Vannevar Bush wrote a seminal article which outlined eerily insightful predictions, including the idea of the “Memex”, a new device “in which an individual stores all his books, records, and communications, and which is mechanized so that it may be consulted with exceeding speed and flexibility. It is an enlarged intimate supplement to his memory.”
The vision laid out imagined a future where the more knowledge and information your “computer” had, the smarter and more informed you would become. While many aspects of PCs, mobile devices, and the cloud eventually resembled this early vision, the seamlessness in how we could work with our information never quite played out.
Until today.
In theory, everyone has potential, everyone could do so much better.
In practice, you have:
1) Talented people who don’t believe long enough in themselves
2) Smart people who kept overthinking the small things and missed the big picture
3) Hard-working people rushing and working towards the wrong goals
4) Creative people who never cultivated mental resilience, and gave up after just a few failures
5) Insightful people who never actually applied their knowledge
6) Curious people who were distracted by everything and never committed to anything
7) Empathetic people who spent so much time worrying about what was "right" and "wrong" that they did nothing at all
8) Honest people who struggled to understand that the world is full of liars trying to take advantage of them, until it was too late
9) Diligent people who were too scared of getting off the beaten tracks and taking actual risks
10) Realistic people who never understood that extraordinary outcome requires "irrational" beliefs and a leap of faith
people who don’t care or don’t know about fashion dismiss it too readily
never forget: “clothes are emotional, they make you feel something and make other people feel something when they see you wearing it”
You can avoid a lot of drama by simply avoiding people who have no goal in life: those with too much free time have a tendency to create problems out of nowhere.