Jenny Fleiss built a billion dollar startup called Rent the Runway.

I had the chance to interview her.

A THREAD of 10 lessons learned:
Everything in life is sales.

Selling

• a VC on your vision

• your friend on a dinner spot

• an employee to join your company
People in tech think business school is stupid.

But it can be the best time to meet your future co-founder.
Industry expertise is overrated.

Learning fast is more important.
The best interview question:

"On a scale of 1-10, how lucky do you feel?"
"Hire for flexibility."

The best employees are the ones that are open to what the business needs.
The key to a consumer business:

"How does this make the customer feel?"

This is always changing.

So you need to pick up the phone and keep talking to customers to learn.
Entrepreneurs that raise funding are risk averse.

They bet on themselves and don't put their own money in.
Personal goals can be a limit on what you can achieve.
The best way to learn fast:

Ask a million super naive questions.

And ask people who just learned recently because it's fresh in their mind.
Great CEOs are coaches not players.

Coaches ask more questions.

Players answer more questions.
if you liked this, retweet the 1st tweet to share Jenny's insights with a friend:
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- frameworks
- systems
- epic business stories
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More from @chrishlad

25 Jul
Jerry Seinfeld made $267 million in 1998.

He's the most successful comedian ever.

But it all starts with a 6 step writing system.

Here's a THREAD that will give you the tools to build any skill:
The Scene:

A yellow legal pad.

20 pages of observations and half sentences.

A desk.

A fresh cup of coffee.

Welcome to Jerry Seinfeld's morning for the past 30 years.
He sees himself as an athlete.

His sport is standup comedy.

And his practice is writing.

"Stand up comedy is a profession of writing."
Read 15 tweets
24 Jul
Sarah Blakely built a billion dollar brand with 0 funding.

The craziest part?

She asked "the universe" to deliver an idea for a product to sell to millions of people.

It delivered Spanx.

Here's the story👇
Sarah Blakely was selling fax machines door-to-door in Clearwater, Florida.

At 25, she got promoted to national sales trainer.

But she woke up one day and thought,

‘I’m in the wrong movie, call the director! What happened? This is not my life.”
So she started asking herself some tough questions:

• What am I good at?
• What do I enjoy?

She wanted to challenge herself.
Read 18 tweets
18 Jul
Richard Branson went to space this week.

But he wasn't always destined for success.

He was actually the "dumbest person in school".

Here's how Branson got his start and how the Virgin Group got its name🧵
Branson grew up upper middle class.

Right from the start, he struggled with school.

He didn't like his classes and dyslexia made it more difficult.

At 8 years old, he still couldn't read.

"I was seen as the dumbest person in school."
Branson couldn't even picture how he would ever be successful.

But he realized that school wasn't for him.

So he dropped out.

Here's the parting words from his high school headmaster:

"You will either go to prison or become a millionaire.
Read 18 tweets
12 Jul
"How to Get Rich" is a terrible title.

But a great book.

Here are 10 tips from Felix Dennis that may surprise you👇
But first, here's the quick back story:

Felix Dennis built a $1 billion empire in the United Kingdom called Dennis Publishing.

By 2013, Dennis owned 50+ magazines including Maxim, The Week, and PC World.

He also blew $100M on drugs and became a poet.

Ok, onto the 10 tips👇
Anyone not busy learning is busy dying.

You can't create wealth without curiosity.

• Take in everything
• Decide the best
• Forget the rest
Read 16 tweets
9 Jul
A college kid's guide to building a legit network:
Phase 1: Meet a lot of people

Do this in 3 ways:

1) Podcast

2) Cold Outreach

3) Content Creation
1) Start a podcast

Hard: Convince a busy, successful person to get coffee with you.

Easier: Convince them to go on your podcast.

A hidden benefit: Learning how to ask great questions
Read 14 tweets
6 Jul
Justin Kan straps a camera to his head.

To broadcast his life on the internet 24/7.

That startup turned into Twitch which sold to Amazon for almost $1 billion.

Here's the story🧵 Image
1/ Emmett Shear and Justin Kan graduate from Yale in 2005 and launch their first business:

Kiko Calendar

A calendar for Gmail before Google Calendar. Image
2/ "We didn't know what we were doing."
- Emmett

But they keep building Kiko and eventually sell it on eBay for $258,100.

Yes, they sold a business on eBay.
Read 20 tweets

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