Go slow to go fast; Go small to go big; Go niche to go mass; Go local to go global. Getting the basics right is crucial to scale. #startups
No cumulative charts! I'd also add: - For marketplace companies, LTV / CAC should incorporate the acquisition costs for both supply & demand - LTV / CAC with inconsistent units for numerator and denominator (e.g. LTV of shoppers / CAC of all signups) 🤔
Question on Quora: Which commonly-discussed growth metrics in consumer tech businesses are the most meaningless and/or misleading? Here's my thread 👇
You say high-performance, and I raise you Hackman's work on high-performing teams. 1. They deliver a satisfactory work product to clients, 2. They grow in their capabilities to perform in the future, and 3. The members find meaning and satisfaction within the group.
“Never attribute to stupidity or malice that which can be adequately explained by structural alignment of incentives.” -Hanlon's Razor as revised via @kevinakwok
Wing Commander Abhinandan refused to tell the name of his city or state to Pakistan military despite being a captive. Displayed remarkable poise & fortitude. But our media has revealed his city, address of his home, details & history of his entire family. How thoughtless & inane.
This has always been my favorite quote. He isn't a selfless monk. He is human. He likes that you like him. "Why do I come in at 7 every morning, can’t wait to get to work. It’s because I get to paint my own painting and I like applause." – Warren Buffett
In my clinical experience, most people struggle because their main motivations in life are to: 1) Feel good (addiction) 2) Avoid pain (avoidance) 3) Be right (ego) Rather, I help people: 1) Be present (mindfulness) 2) Open up (willingness) 3) Do what matters (be effective)
It seems odd to me that Twitter doesn't provide any paid tools to do any kind of in-depth analysis of your followers. Would love to be able to see: • Who follows me in a certain city? • Who are my most influential/largest followers? • What topics they are interested in
Power users don’t decide very much based on aesthetics. “Look & Feel” creates appeal, not loyalty. – Joel Marsh
"We can build costing tools without talking to finance" goes about as well as finance attempting to build webapps without talking to engineering. "That doesn't seem hard" is about the dumbest thing you can say about an entire department's field of work.
Fripp's Tips: Our goal should not be to be employed, but to be employable. #customerservice #workhard #frippvt SaturdaySuccess
Don’t know what exactly we did differently or what else is behind this, but the last weeks were by far the most successful of . Each day we now reach *twice* as many readers than before. And we’re getting more than 10times as many donations. Thank you all!
9/10 I actually repurposed #OKRs and made them OMTs to further simplify Objective Metrics To Dos It's amazing how little training and education is now needed, when you use terms and phrases your team is already familiar with and use
I need to build a new PC. Primary usage is video (4k) editing and photo editing. I'm thinking the AMD threadrippers are ideal. I'd love recommendations for good PC builders that offer these machines. Key factors are good build quality and good pricing. Any recommendations?
Do you want to document a lot of REST APIs and hate the yaml/json editors (popularly of swagger[hub])? I find Restlet Studio very nice. Strongly recommended. I wish I had known this tool when I was working in documenting a lot of APIs a few months back.
I have always liked Stripe API documentation template. which is one of the most dev friendly docs that I have seen. Slate tries to achieve something similar but uses a different format than swagger. May be worth evaluating.
That's some wholesome #UX by @lyftdesignteam
@andreasklinger Which one is more likely to lose their job because of AI? a) Harvard Law-educated attorney b) A nurse caring for the elderly with high-school diploma and basic training
Integrity and tribalism are often at odds with each other. You can either fulfill your loyalty to your party or you can stand by truth. The two are (mostly) mutually exclusive. If you want to side with truth then bear in mind that it comes with a cost.
10. This is the #syncchallenge. Over 102.1 million videos have been uploaded of people doing this fancy handshake.
"More data—such as paying attention to the eye colors of the people around when crossing the street—can make you miss the big truck." - @nntaleb
... this was the genesis of the whole pioneer, settler and town planner. A realisation that different cultures and methods were needed , it didn't matter if it was engineering or finance or marketing ...
Real wealth is not about money. Real wealth is: -not having to go to meetings -not having to spend time with jerks -not being locked into status games -not feeling like you have to say “yes” -not worrying about others claiming your time and energy Real wealth is about freedom.
@mjmauboussin @patrick_oshag @benthompson @AnnieDuke @BrentBeshore @ganeumann @paulg What is Strategy The Five Competitive Forces Unknown and Unknowable Measure the Moat Competitive Advantage Period Big Ideas
"Watch for tail winds in each sector. Each tail wind is a golden opportunity to make it big"- .@skirani at @saasboomi. #SaaSBooMi
One of the biggest disconnects between school and reality: schools give you credit for effort, but customers don't. Young founders often get whiplash from this transition at YC. After 21 years of getting credit for effort, it suddenly stops.
@FI_InvestIndia @MashraniVivek @RichifyMeClub @Longterm_wealth @stocknladdr @lalitinvestor @larissafernand @geordiejob @longterm_greedy Action taken. I choose MF as no new money is going into MF from my side and I want to keep this separate from direct investments I do. I choose @PPFAS as they have skin in game, have value approach, International exposure. Complete fund for me and only 1 as of now.
@jjude Thank you, courtesy
We tend to pay too much attention to little things and too little attention to big things. #Quote #Success #Life #Entrepreneur
@rjs There’s definitely a downside to decomposing work into easily processable components. It forces people to find meaning in the process rather than find meaning in the product itself.
This is too much fun and I'm the last guy who wraps everything up 😅😊
In 2018 the blockchain/decentralization story fell apart. For example, a study of 43 use cases found a 0% success rate. Let's talk about some mistaken assumptions about decentralization that led to the blockchain hype, and what we can learn from them.
If there were a conspiracy, then blockchains might be a good answer. But, as Steve Jobs realized in the context of network TV, what we’ve got is what people want.
Between 2012-2015,Uttar Pradesh took over power distribution company debts of Rs 72000 crore, an amount that's double the 2017 UP farm loan waiver. I support neither but why is there outrage over farm loan waivers but discom debt waivers given a free pass?
@jjude @BrianDEvans It made me understand that most things aren’t that important. It also helped me with my logical abilities. The main thing it did the first time I read it was allowed me to be patient enough to completely disassemble a rifle that had malfunctioned clean it and put it back together
@farnamstreet “When a person is not doing his job, there can only be two reasons for it. The person either cant do it or wont do it. Either he is not capable or he is not motivated All you can do to improve the output of an employee is motivate & train. There is nothing else” Andrew Grove
Be honest ... how does your brand benefit by having Google + Facebook + Amazon know every step your customer takes within your store? Your customer does not benefit. Your brand does not benefit. Be honest.
Steve Jobs in 1990: Interpersonal networked computing (through great software and UX) will give rise to decentralized orgs that allow people at every level work together remotely Crazy how Jobs could see clearly 30 yrs into the future!
What's your favorite book of all time and why?
What is your least popular but deeply held opinion on personal productivity?
Teams in the Extract phase should be concerned about preserving context around decisions, and a tool like seems like something we should seriously consider. h/t to @clayton for pointing out the tool, @sketchingSM for the 3X sketch, and @kentbeck for 3X
Former RBI Governor YV Reddy says it best: "Everywhere around the world, the future is uncertain; in India, even the past is uncertain." @KumarSeshadri #DoctoringGDPNumbers
Intellect without a robust conscience is like a knife without a handle. Utterly useless in public life. In fact something more likely to hurt you when used.
A QA engineer walks into a bar. Orders a beer. Orders 0 beers. Orders 99999999999 beers. Orders a lizard. Orders -1 beers. Orders a ueicbksjdhd. First real customer walks in and asks where the bathroom is. The bar bursts into flames, killing everyone.
6/ Person A is low agency. Person B is high agency.
2/ DEFINE HIGH AGENCY "When you’re told that something is impossible, is that the end of the conversation, or does that start a second dialogue in your mind, how to get around whoever it is that’s just told you that you can’t do something?" - @EricRWeinstein
“Let’s have the convenience of digital to decongest airport queues, but let’s incentivise airport queues by charging for web check-in.” #IdiotGo
Business books for muppets: 1. Be Richer than your Brother-In Law, the Margin Loan Way! 2. Closet Index Like the Pros! 3. Selling Naked Out-Of-Money Call Options to Fund a Retirement - Tail Risk is Fictional! 4. YOLO Guide to Asset Allocation! 5. Better Lucky than Good!
Twenty books you should have read by now: 1. The Outsiders by William Thorndike. 2. Shoe Dog by Phil Knight 3. Competitive Strategy by Michael Porter 4. The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot 5. Influence by Robert Cialdini
