1) Livestreams add an incentive to control the audience that makes it feel raw and community-oriented. It creates massive leverage in engagement.
2) Context switching is a core skill for entrepreneurs and creators alike. Whether its operations in a startup, to mindsets and personas of difference platforms, you got to be able to make that switch.
3) There's no alternative to understanding your audience on every platform. Find out what they care about, and then find your voice that resonates with what they really want and need to listen to.
4) The biggest mistake people make is that we manifest ourselves as a replica of the audience. Understand what your superpower, and apply that to things that people. That's the only way you'll grow as a creator and as an entrepreneur.
5) Being the under-dog, or the dumbest person in the room is very liberating. No pressure to be the best, and maximum opportunity to learn from others without ego.
6) Anything valuable is learned through proximity and memetics. The people you are surrounded with have a significantly greater impact on your life, compared to courses, degrees and marks. College admissions should be an invite to a great community network.
7) Self-discovery = What you're good at + What you're bad at (blind spots) + How you react to things and why
Self-awareness is not about badgering your weaknesses, it about knowing them without judgement.
8) Management and leadership are context-dependent. What methods fuel corporate leadership, might be a death knell for startup leadership. Choose well from the spectrum of Peace-time vs War-time general.
9) The reality is India is an economically poor country, which makes the consumer markets very shallow. That's one of the real reason why a lot of B2C startups don't grow as well as in the West. B2B is a different story.
10) Most VC money goes behind online media services, mostly Google and Facebook because entrepreneurs it as a "Growth API". That's dangerously high power in the hands of these corporations.
11) The early days of a startup are primarily about soft skills and people management. You manage your team and customers, and they manage the product, company and market.
12) There is a sizeable difference between being a creator and being an entrepreneur. As a creator you ARE the product, so you have full control. As an entrepreneur, you don't, since you have to DEVELOP the product. Very different skill sets.
Link to the podcast:
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1) Netflix is in the business of dramatizing stories, and The Social Dilemma shows a very lop-sided view on social media. Nothing enters the life of mortals without some negative aspect. Restraint is key.
2) Blaming "Big Tech" for habit addictions is just a way of evading responsibility. It's on us control the WAY we use social media, as opposed to BANNING it arbitrarily.
3) All distractions begin from internal triggers, from within. Boredom, uncertainty, fatigue and other forms of discomfort. Attention management is first and foremost pain management. All human behaviour is driven by seeking to escape discomfort.
1) Build the long term mindset and befriend compound interest. Time does wonders provided you sacrifice instant gratification.
2) When playing the long term game, any time to enter the market is a good time. Focus on picking good stocks to invest in, don't try to time the market.
3) Take advantage of the products out their helping you to make a good and informed decision.
1) Two kinds of startups: One that increases efficiency in existing behaviour, and the other that creates new behaviours.
2) In absence of future data, we use conventional status signals to indicate trust, be it money, power, good-looks or degrees. Quite weirdly "wasting money" signals massive status.
3) Bootstrapping your way through status requires popularity, since most monetization models require massive distribution. For example, an athlete becomes famous for his sport and then earns through endorsements.
@kunalb11 and @sid_warrier 's stream.
My notes:
"Health and wealth both grow only when you risk a bit of what you have, be it muscle or capital, and be patient for compounding to play its role"
Obsessing on someone else's resources creates envy, and envy breeds insecurity. Lotteries and diet pills are always sold to people who are jealous of a 6-pack or bank balance, not the skill and effort that goes into it.
Relationships and brands cannot be hacked. They are built with small consistent deposits but can be wiped out with one stupid action. In this game, the ladders are short and the snakes are long.