Thread by @dickiebush

Nine Mental Models on Creating, Selling, Working, and Growing [THREAD]

Inspired by the masterclass conversation between @APompliano and @ShaanVP on the @PompPodcast.

Don't miss these 👇🏼👇🏼

1/ HOW TO COMPARE OPPORTUNITIES

• Look for opportunities that pack 20 years of learning into four years of work.
• As @tferriss says, choose the projects where even if you fail, you learn a skill and meet new people
• For @ShaanVP, this meant joining an idea lab.

2/ GETTING SOLD VERSUS BEING BOUGHT

• Only 1% of companies are bought. The rest are sold.
• For example, Instagram was bought. Everyone wanted a piece.
• News flash: Your startup is not Instagram.
• Being sold requires a different strategy (see next tweet)

3/ HOW TO SELL A COMPANY

• Find the problem companies are facing.
• Pitch your product as a solution to that problem.
• Have a three-sentence story of why they should buy you.
• Make it a one-click buy. Clean up your cap table, etc.
• Have a deal doula to open doors.

4/ REAL ESTATE: FULL OF RICH DUMB PEOPLE

• Real estate has a very high percentage of rich dumb people.
• The competition in this area is easier, gains are more broad-based, and there's never-ending demand.
• You can get rich in this area without being a genius.

5/ PROJECT SELECTION > WORKING HARD

• In poker, table selection is crucial.
• An above-average player will get crushed at an expert table.
• When choosing a project, be mindful of the expert tables.
• If your goal is to get wet, head to a waterfall, not a dessert.

6/ WORK LIKE A LION, NOT A COW

• Most people work like cows, not lions.
• Cows graze on grass for 10 hours/day.
• Lions patiently observe, spot their target, then relentlessly sprint to catch it. Then, they rest again.
• Work in extremes. Be fully on or fully off.

7/ DON'T BE A DABBLER, BE A MASTER

• Dabblers start new projects with enthusiasm but switch when improvement plateaus.
• Stressful achievers grind through plateaus but are always stressed out.
• Masters greet plateaus like an old friend, listen to them, and learn from them.

8/ THE FUTURE OF MALLS

• @APompliano's view on the future of malls: turn them into villages.
• Your department stores are book-end apartments.
• The insides become an urban recreational center.
• You can recreate the urban experience of Manhattan in rural areas everywhere.

9/ THE SMARTEST THING YOU CAN DO

• The smartest thing you can do is realize you're not that smart.
• The problem @ShaanVP has with hosting a podcast is he is giving too many answers.
• A good indicator for getting smarter: seek more answers than you give.

This episode was truly a masterclass in building, selling, working, and growing.

Listen to the full conversation with @ShaanVP and @APompliano here 👇🏼open.spotify.com/episode/2sCoge…

Also, be sure to check out @ShaanVP's podcast My First Million - one of my favorites was the recent one with @awilkinson 👇🏼

open.spotify.com/episode/0sBYRR…