1/ One of the most famous @reidhoffman lines is “If you aren’t embarrassed by the first version of your product, you shipped too late.”
I increasingly believe that a focus on speed and tempo is one of the most valuable life skills.
I increasingly believe that a focus on speed and tempo is one of the most valuable life skills.
2/ My understanding is that Reid employs several decision making hacks to prioritize speed as a factor for which option is best—and to speed up the process of making the decision itself.
3/ When faced with a set of options, he frequently will make a provisional decision instinctually based on the current information.
Then he will note what additional information he would need to disprove his provisional decision and go get that.
Then he will note what additional information he would need to disprove his provisional decision and go get that.
4/ What most people do instead – at their own peril – is encounter a situation in which they have limited information, punt on the decision until they gather more information, and endure an information gathering process that takes longer than expected.
5/ Meanwhile, the world changes and the information gathered is no longer relevant.
So how do you do this in practice?
So how do you do this in practice?
6/ Jeff Bezos has a rule of thumb: "most decisions should probably be made with somewhere around 70% of the information you wish you had."
(I wrote a post about it here - taylorpearson.me/how-to-stop-pr…)
(I wrote a post about it here - taylorpearson.me/how-to-stop-pr…)
7/ @naval has a similar heuristic: "No tasks longer than one week. You have to ship something into live production every week – worst case, two weeks. If you just joined, ship something." - nav.al/build-a-team-t…
8/ They who ship fastest (generally) win.
