Shaan Puri Profile picture
16 Dec, 7 tweets, 1 min read
How to find a mentor, in 3 easy steps, without making a fool of yourself
#1 - Work on something interesting. Just by picking a unique project/mission, you will get interesting people interested in you.
#2 - Don't ask someone to be your mentor. It's awkward.

Instead - ask for their opinion on a specific situation.

Eg. I just graduated & am debating between these two jobs. I'm torn. I respect you, what would you do?
ps. make it easy. ("help them help you")

Don't write an essay. keep it short. Don't ask them to write an essay. Make it multiple choice (and if they want to write more they can)
#3 - The 3rd step is what 90% of people forget. FOLLOWUP with what happened.

"hey, thanks so much. I took your advice. Here's what happened yada yada. Here's what's happening now, and how I plan to approach it. Let me know what you think"
Do that loop 3x with someone. At this point, either:

1) They've ghosted you
2) Or, boom. you have a mentor
bonus tips:

- remember it's a 2 way relationship. Don't think you're a charity case. They are getting something from it. Even if it's just amusement or inspiration from your hunger/ambition

- don't just go with the biggest name. Find someone you respect, that you get along w/

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More from @ShaanVP

13 Dec
1/ OK - Here's a free startup idea that can make ~$10M/year in profit.

No coding required. Just pure hustle.

If someone legit wants to run with it. I'll put up the cash - you do the work.

Here's the idea (and the numbers behind it)👇
2/ Let's create "The Combine" for youth sports.

This is a mashup of two things that parents are obsessed with:

1/ competitive youth sports
2/ standardized testing.

Let's break it down...
3/ Parents in America spend a small fortune ($20B/year) on competitive youth sports.

They pay for things like league fees, equipment, travel to tournaments, photos, coaches/trainers etc.

This starts as early as age ~6-8.
Read 19 tweets
10 Dec
Check this out. @DavidDobrik just created a puzzle.

1/ The puzzle costs $30
2/ 1st person to finish the puzzle & take a pic wins $100k
3/ He sold 7500 in 1 hour

7500 x $30 = $225k in 1 hour.

I think it hits 50,000 units. $1.5M revenue

85% margin $1.2M profit
Having free, mass distribution opens up so many doors.

This product will make him a million bucks, while also making him more popular

So he can do something like this again.
ht to @benmlevy for showing me this
Read 4 tweets
4 Nov
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
Read 9 tweets
5 Oct
companies I coulda woulda shoulda invested in but didn't .. (aka the "greatest misses")
@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 - 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+
Read 7 tweets
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
Read 10 tweets
20 Jun
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
- I still remember going to the fish market at 430am to get fresh ingredients, & washing dishes until midnight
- Hated the work (crappy feeling "this sucks, who can I pay $12/hr to do this for me?")
Read 14 tweets

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