Think out of the box:
Normal approach → normal results
Break w/ norms, do things differently & better
Sometimes is not about what you add, but about what you remove
If something is wrong, unnecessary, expensive,… remove it!
You need to check the numbers to evaluate how good your idea is, when are you going to break even, how much are you going to make. If it's not done, it may be for a reason, other people are "creative" too, not just you. Avoid self-delusion & ruin
Market analysis may be point zero, before starting:
- Creation of customer personas
- Value proposition - problem solution fit
- Business development
- Prototyping
- Real customer engagement
- Iterative product development
- Convincing product pitch
To be successful in the [job] market, don't be the purple squirrel everybody is looking for, be the person they should be looking for and nobody thought of because nobody else is
Creating value may be easier than creating trust (~branding), which you need to put anti-rival goods (e.g knowledge) behind a fence. Focus on what's most relevant as a differentiator
Creating a product that doesn't require you as an active component allows for grater scalability
@RayDalio#principles are all relevant for this thread. I'm not going to copy all of them, this one may be the most relevant here. If you didn't know about them, start here:
From @MJDeMarco: fix ONE thing that sucks w/:
- Control: make profit ← make decisions
- Entry: avg effort → avg results
- Need: needs to not suck: *USP
- Time & Scale: not constrained by your time/location
From @naval (again):
- Ownership
- Provide at scale what society wants and cannot get yet
- Learn foundational skills
- Follow your curiosity into knowledge nobody teaches
- Leverage code and media
- Work hard, with the right people
- Build and sell
1. Clever Hans was a horse that was able to perform mathematical calculations and other impressive tasks, which initially appeared to be a remarkable example of animal intelligence.
However, it was later discovered that the horse was not actually doing the calculations himself, but was instead picking up on subtle cues from the audience and trainer to determine the correct answer.
Both web3 and the metaverse jeopardize untapping the relevance of crypto: “X as code”:
$BTC: money
$ETH: contracts
Software is eating the world. Eating the web or VR only delays the unavoidable
Relevant: create value, solve problems, do things that matter, fix what sucks,…
Web3 is a terrible choice of name too
Crypto is undoing a lot of the centralization in web 2.0*, and requires technical knowledge. Today, it should be 1.2 IMHO
* Similarly to Jamstack: less PHP, more REST & static pages. Nobody promised linear evolution…
Many people expect crypto will become easier, more polished, and gain mass adoption
It is about freedom & DIY, avoiding intermediaries & centralization, much like GNU/Linux. It's not about getting rich. In fact normally freedom comes at a cost
Several things may be considered as "triggers" of an AI winter, e.g
—"aging" of teams
—not meeting investor expectations after diminishing returns
—whistleblowers ending the hype by exposing lies
—…
TBH: I think those are symptoms, but not the root cause