Our univ & startup curriculum are broken. Most treat education like buying vegetables so long as u generally do ok no one will worry about the specifics. Visiting faculty is akin to educational malpractice(see this nugget floating around that got fwded) some one with 3yrs of exp
Teaching others their craft. The odds of that skill existing and then transferring is as low as u getting diabetes from watching some one else eat a cake. Worse is when these visiting clowns teach u entrepreneurship or courses on startups. Given u saw their own intake is corp exp
Here's what they don't teach u in school & after meeting 100s of founders if not more n working with them, I wish they did teach. If you are willing to invest 4 mins of ur time vs 4yrs to give this a quick read u may walk away better informed. No guarantees but it's worth a shot
Since Universities don't operate as investment firms with students as the equitable goods, they don't think in terms of growth, output, leverage and scale. If the universities would use startup capital to decide which students to enroll n teach, life would be very different.
Univ would be incentivized to take on students with delivery capabilities & clear career goals & teach pragmatic, useful skills. Teachers and faculty as LPs. Since most of the people u will engage with, won't get this not because they don't want to but due to lack of exposure
Here's how to start
1. Be the person that gets to know your profs, parent’s friends & any other who can add value to ur growth

2. Reach out to any business leaders that inspire you to let them know you exist and that you love their work.

3. Start building a community early on.
LinkedIn is the single most undervalued tool & IG over valued. Twitter is the easiest tool to get global R&D at the cost of investing your time alone. Stay away from engaging in vanity metrics and focus on distilled engagement with any one willing to share exp that makes time 4U
1. What works for other founders won’t work for all
2. No one knows what you’re capable of Ur self included
3. Luck has more to do with it than any founder likes to admit.
4. Make decisions quick, don’t be afraid to fail.
5.Explore with interest what people tell u to avoid
Execute! Don’t get all excited for startup events and pitching, it usually leads to 0. Build your mvp and iterate on a weekly basis. Don’t get distracted by shiny things , there are too many shiny things out there most are noise. Signals aren't shiny, look for signals.
Over index on being useful vs being clever. Simple trumps complex. Also, make sure you budget 2.5x as much money and 3x as much time as you think.If you have less than a year of cash...go sell stuff and raise money. Lack of cash kills more good ideas than anything else, get a CC.
DEFAULT TO YES when faced with the opportunity to grow. You may not know what to do, or how to deal with it, almost no one does. Things may seem outside the scale or scope of your business, but there are infinite resources to help U, say yes, then figure out how to make it work
Validation is a slow burn.

Block out the doubters.

Set boundaries with friends & family who want to give you advice, but don’t know what they’re talking about.

Replicate, then automate.

Make time 4 Ur early customers/users/partners. Make them extra happy, you’ll be rewarded.
Don’t get fooled or discouraged when you see overnight successes...It's a fools errand to not put in the time and want to make fine wine. Grape juice sitting by it self doesn't develop the characteristics needed to be top of the list it comes with age & skill, build skills.
Hire slow but always fire fast. You can't afford people to slow you down.

Sell it before you build it. Get down payments, deposits and commitments before you invest into something no one wants or needs.

Don't quit unless u need to restart if ur validation hasn't come thru.
•Make friends with accountants & Tax lawyers
•Set up biz bank account
•Bootstrap as much as possible
•Surround yourself with people whose exp/knowledge u admire who hustle more than u do, write off long term friends if they stand in the way of your long term value creation
KNOW that a pivot should be called a long uncertain slow turn in to the abyss more times than not. Also if all you r doing is pivoting, look at an Alt career in excel. Focus on the now, dream about what u can deliver, execute like you are homeless because if u F it up u may be.
No time like the present to start. Biz plans aren't mandatory neither is an office space nor lattes or tweets about every second of ur journey. Focus on the journey today & relive it when successful vs live tweeting. No one cares today & it's upto if they do in the future.
4 min guides sell more than 5 min guides. Always make sure u get the copy, right :) @rebootdude @asemota @SaadGH @Huk06 @raza_matin @fmsheik @owaisz @TheNestiO @FaizaYousuf @jehan_ara @TalhaIzhar @Ash_Kalim @babushka99 @VeqarIslam @YusufJan @MizNaQ

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More from @faizansiddiqi

8 Feb
The Punjab government has been working to establishing an insurance company following the good performance of the insurance sector. Can't make this stuff up. What's next vaccine production? Or Education? They've already done tech in prev govt. thenews.com.pk/print/784826-p…
Instead of working on streamlining regulation and promoting enforcement to support the growth of the sector the govt decides to use our tax payer money to compete with private enterprises in a highly regulated space where it makes the laws. Yes u read that right. Epic stupidity.
By this count soon nothing will be left in the fee enterprise space. Between having provincial govts having banks & formerly the Punjab govt competing with startups by copying their ideas and launching its own startups & building software vs buying locally we have witnessed all.
Read 11 tweets
7 Feb
Time is the most valuable and finite resource we have. "Free for coffee so I can pick your brains?" I’m giving you permission to create a “pick your brain” session people can pay for. You heard that right.knowledge & experience were not free to obtain,so they aren't free to give.
Requests to “pick your brain” or “just grab coffee” might not always seem like a big deal, but when you take into account the value of your time and the lost productivity and income, it becomes a different story. Its a struggle to respond to these requests, esp if you are some 1
Who operates in the knowledge economy & if your business relies heavily on how you use your time to make money. As you take stock of your time,coffee dates with new people is the least bang for your buck. Esp when the purpose of the meeting is for them to intellectually mine u
Read 30 tweets
5 Feb
You don't need to be an entrepreneur to win.Entrepreneurship is hard.But you need an entrepreneurial mindset to re-set the the dependency on shiny things and instant gratification. Not every one can be an entrepreneur, but we can and must "want less" & "Invest More" & make more.
A job is a job is a job. But options are also limited, its mostly a mind set thing. We have to have a job, a job provides security, quality of life, access. All creations of the corporate industrial complex essentially to make others rich by paying u just enough...
This "just enough" problem has most folks in a ball & chain.Because we write off doing some thing on our own as not just being worth it & giving up a sure bet.This mental comfort in OPM(Other Peoples Money) is what gets us in the long run. Rich businesses are owned by rich ppl
Read 18 tweets
14 Jan
IBFT fees down to 0 has helped the average Pakistani see the value of "transacting digitally" without fear. When you remove the barrier to entry you enable many in the ecosystem that were left out prior. @StateBank_Pak good on you for putting citizenry first. Regulation is hard
Esp as viewed by the private sector. So we must all come together to build on the success/rails/supportive regulator to figure out"what fees for what value"should remain in the system.Most things cant work with 0 fee, so use cases for incumbents who have invested must evolve too
This cant be a winner take all game or a zero sum game. The truth is some where in between.Without early market players & investments, digital systems would have not existed. Without infra from telcos/banks we wouldn't be here either esp not without a progressive regulator in tow
Read 5 tweets
14 Jan
Transitions are good. Current state of play has given us a seat at the table. Online communities are the new equalizer &not geographies.
In-person inefficiency of doing biz is out due to remote.We have the momentum to gain from the insights & discussions across networks anywhere
As all things go virtual, the only thing that matters is brand. Now more than ever, investors, partners, customers & prospect emp, will meet & engage with your content/web presence before they meet you, if ever. Brand is every startups super power or kryptonite. Build wisely.
As we go more location neutral and virtual, rely more on online channels for sourcing, growth sales, hiring etc., your online presence will matter more than ever before. It is the new 10 second interaction to make a good impression.
Read 10 tweets
13 Jan
Realize this: no permission required to change careers, start something new perhaps a hobby or learning how to code.The launch date to the above is ur willingness to enact change.B4 u set out to build a vc backed dream,build a small biz 50/100k annual rev. I assure u it's tough
Small changes like starting a hobby or burning a bridge to move the f* on teach u life's biggest lessons. Always over index on small data vs big data till u cant. Unless you can perfect your skills at a small scale not many can last perfecting skills at a large one. Start today.
Hustle culture 24/7 is reductive. If you are always complaining of too much going on you are likely already loosing the battle. Focus, wins; concentrated execution wins all the time. Don't start something unless u genuinely believe in impact and outcomes of teams vs $s only.
Read 14 tweets

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