An investment banker went to Bali, Indonesia on vacation.
He visited a small, fishing village and sat down to talk to the fishermen.
He told them about his 12-hour workdays, his six-figure salary, and the prestige of working on Wall Street.
"In 30 years, I will be worth a few million dollars and retire", He added. "After retiring, I will move to a place like this and buy a nice house and fish all day and sleep whenever I feel like sleeping and wake up whenever I feel like waking up and enjoy a quiet, peaceful life.
The fishermen were confused.
They looked at him weirdly and asked, "Why then do you have to work as a slave for 30 years so that you can live our current lifestyle?"
Hmm hmm hmm...
3 Takeaways.
1. The rat race is a race for rats.
2. Save, invest, and live a life that's meaningful for you.
3. The most important things are not things.
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We moved to Lagos, Nigeria to build a startup that would provide virtual education content to students across Africa.
LessonTab was born on October 1, 2011.
We hired a bunch of teachers, recorded hours of Maths, English Language, Science, and Social Studies lessons, and started trying to sell the idea of virtual lesson teachers to parents.
It was a new concept so we had to do a lot of demonstrations.
Forget about your passion; think about market dynamics.
- A THREAD
In 2011, I was advising a Kenyan startup that wanted to create locally relevant games for the African market.
After reviewing their business model, I told them it would not work.
I asked them to pivot to an enterprise business model.
Why?
Why?
1. Data penetration was low in 2011. 2. The payment ecosystem did not exist to monetize the games. 3. The market for paid games was not big enough. 4. Poverty.
Their response:
We are passionate about games and will make it work.