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Shaan Puri

4 Nov, 9 tweets, 2 min read

Media predicted a landslide (wrong)

And most people who vote Biden feel like the vote should be closer to 100:0 rather than 50:50

1) How are all the experts SO wrong, AGAIN?
2) Why does half the country want to vote for Trump??

here's my 2c:

being wrong is usually a case of having incorrect assumptions.

I see 4 assumptions I think most people got wrong. Let's call these the 4 Myths:

Myth #1: People vote based on policy

Reality: People for the more charismatic candidate

Trump is the most charismatic candidate ever.

The more charismatic candidate usually wins (Trump, Obama, Bush, Clinton, Raegan etc.)

Television enabled this. Social media was steroids

Charisma in action

- look at his rallys (packed!)
- look at his ratings (constant news coverage)
- look at his FB page numbers below.

He BLOWS Biden away on social. Not just Biden, he crushes NY Times and NBC News as well

Myth #2: People vote as individuals

Reality: People vote as tribes

humans are fundamentally tribalistic (sports team fandom, religions, home state pride etc..)

It's not as simple as white, black, latinx, men, women etc..

Tribes are based around beliefs...

Beliefs like:

* we hate lockdowns
* we hate mainstream 'fake news' media
* we hate tax hikes
* we love guns
* we love America & hate china
* we love fracking
* we hate how liberals call us racist for liking Trump/America

Tribes create echo chambers (social media).

Myth #3: Everyone thinks Trump is crazy!

Reality: Most of the country thinks the left is crazy.

- they want to lock the country down forever?
- they want socialism?
- Bernie & AOC are nuts!
- they want us to call them by their pronouns & create transgender bathrooms??

Myth #4: People who voted for Trump love Trump, and voters for Biden like Biden.

Reality: some people love their candidate..but for many people:

Trump is a giant F*ck You to the left. To liberals. To the media. To PC & woke culture.

Biden is an F*ck You vote against Trump.

ok, done tweeting about politics (aside from memes). hit the follow button if I should stick to talking about startups.

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More from @ShaanVP

Shaan Puri

@ShaanVP

5 Oct

companies I coulda woulda shoulda invested in but didn't .. (aka the "greatest misses")

@calm

@calm - I am friends w/ @tewy & @acton and think they are ballers. probably could've invested at seed round (~$5M valuation). Now worth $1B+ easily. 200x+ return

didn't invest because I didn't consider myself an investor at the time

@clearbit

@clearbit - friendly w/ @maccaw - told me about it over lunch.

Seemed like a decent idea but I didn't fully understand it (still don't)....But I thought he was really clever (I remember a story about a 🍆 detection thing he built)

Shoulda asked to invest. now worth $250M+

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Shaan Puri

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19 Sep

Putting up the bat signal.. 🦇

who wants to be a startup investor someday?

I want to give someone who's hungry a shot to learn by doing.

I just raised a rolling fund - and now have a few million bucks to invest into ~15-25 startups in the next year.

You can learn the investing process from A to Z.

finding deals --> vetting --> negotiating --> closing --> supporting

+ creating content to build the fund brand

let's start with the basics:

you get:
- 4 years of experience, in 1 year
- a piece of my carry (I take 0% management fees, so there's no salary)
- walk away with a portfolio of 25+ companies in your portfolio

you give:
- your nights/weekends hustling to invest in startups

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Shaan Puri

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software is such a cheat code in the game of business. My first company was a restaurant. One of the worst businesses you can start (everyone told me this, but being young, I told them to kick rocks)

we tried building the "Chipotle for Sushi"

Here's the rule of thumb $s :
- ˜10-15% profit margins (if you survive)
- ˜$500k-$1.5M up front investment
- 6 months+ per new store
- need tons of employees, <15% employee retention
- spend 85% of time on the bottom 10% of stores

Plus the lifestyle.
- business runs 7 days a week, no holidays
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Shaan Puri

@ShaanVP

2 May

the speech "you and your research" by Richard hamming is A+. I think it's a must-read for any person who wants to make the most of their time & talents.

My notes:

@_johnnydallas_

re: Luck - "there is indeed an element of luck..The particular thing you do is luck, but that you do something is not"

I was telling @_johnnydallas_ yesterday: "if you're a founder, every year you have a high chance of failure, but over a decade, you're almost certain to win."

"one of the characteristics successful scientists have is courage. Once you get your courage up & believe that you can do important problems - then you can. If you think you can't, almost surely you're not going to."

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Shaan Puri

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23 Jan

@moizali

I did a podcast w @moizali - founder of @native_cos. His story is bananas. Created & Sold a new deodorant brand $100M to P&G in 2.5 years and only raised ~$500k... my top 10 gems from the episode THREAD 👇

1/ “It was like taking an Advil every morning when all you needed was a glass of water”

Core insight = trend to natural/organic products, but popular deodorants used a ton of chemicals (aluminum etc).”

2/ they did A/B testing like a software co, except on physical products

Version A went to 1000 customers
Version B went to 1000 customers

Which version gets higher reviews and higher repeat purchase rate?

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Shaan Puri

@ShaanVP

1 May 19

the job postings on hacker news are terrible (the postings, not the companies)news.ycombinator.com/item?id=197975…

my rewrite:

We're Divvy Homes, and we're helping people buy homes. We're buying 1 home a day right now, which frankly, is kind of nuts.

You see - lots of people want to buy a house, but can't afford the full down payment. We came up with a clever way to solve this problem.

We let people pick their dream home, live in it, and count their rent towards ownership every month. Kind of cool right? This has been around forever (a "sale leaseback") but we're making it accessible. (the way uber/lyft did for carpooling & airbnb did for couchsurfing)

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