Takeaways from the podcast with @shl with @BeerBicepsGuy on #TheRanveerShow podcast:
1) Tech entrepreneurs are first and foremost builders, and what's interesting about software is that you don't need a degree to validate your ability. Use code to solve problems.
1) Tech entrepreneurs are first and foremost builders, and what's interesting about software is that you don't need a degree to validate your ability. Use code to solve problems.
2) Money is a validation of value. If people pay for your product, it's definitely valuable. People will part with their money only if you are adding substantial value in some way or the other.
3) Large startups have 2 clear early signs:
(a) Large problem for a large potential market
(b) Very high retention in early user cohorts
Combine that with venture funding and you get exponential growth.
(a) Large problem for a large potential market
(b) Very high retention in early user cohorts
Combine that with venture funding and you get exponential growth.
4) Learning works best through osmosis. Having the opportunity to work for the CEO of a multi-billion dollar company directly was a great learning experience for Sahil.
5) Greatness comes from doing the simple things repeatedly well instead of some fantasy "silver bullet" that creates magical effects.
For a startup, being able to build a product has to be the skill of the founding team, and generally, it's not a good call to outsource it.
For a startup, being able to build a product has to be the skill of the founding team, and generally, it's not a good call to outsource it.
6) The beauty of Silicon Valley is in the culture of the ecosystem. People embrace failure well and focus on moving forward while learning from their mistakes. It's very different from the "shame" treatment we get for failing elsewhere.
7) Failures are a part and parcel of an entrepreneurs journey, and it does hurt when it occurs. As sexy as "scaling up" is, "scaling down" is equally traumatic. Firing employees, running it like a one-man show is very, very tough.
8) Once you've been on the rollercoaster of ups and downs, you realise the only thing that should control your personal identity, is yourself. Otherwise, the environment and situations will tear your peace apart like a pack of wolves.
9) Book recommendations:
a) Where's my flying car: amzn.to/3unYSZl
b) The rational Optimist: amzn.to/3yGjcIA
a) Where's my flying car: amzn.to/3unYSZl
b) The rational Optimist: amzn.to/3yGjcIA
10) India narratives of rags to riches have a profound influence on how our younger generations think about struggle and success. It puts life in a larger perspective and eliminates any element of self-pity or excuses for not taking action.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
