What if I told you that I felt like a failure even after selling Twitch for a billion dollars?

This is for anyone experiencing impostor syndrome:
When you're in a startup, it's easy to feel like everyone else is crushing it while you are drowning.

Comparison is a fundamental part of our human nature and it is also our greatest bane.
This is the consequence of information asymmetry.

You're always seeing examples of the good news; everyone else is only showing the positive stuff.

Meanwhile, you are observing the full range of your own experiences. Some are good, some are bad.
This is the reason I started my podcast @thequestmedia

I wanted to give people the complete picture into the lives of successful people.

(including the things that didn't go so well for them)
The 5% Rule:

Most people out there probably only know a little bit more than you.

You only need to know 5% more than someone on a topic to sound like an expert.
You won't be able to accurately gauge how far behind you are from someone, so it is easy to project that you are light years behind.

This is a logical fallacy.
I always say this to founders, but it applies to any career or high-growth job:

'You will always feel like you are drowning'

(cont.)
Even when you are succeeding, it feels like you are drowning because you are constantly being forced to do something new that you haven't had experience in.
While figuring this stuff out on the fly, you're going to feel like you're failing and that you're an impostor

You'll look at other founders growing their teams, fundraising, hiring and think that they are experts.
The reality is that they had to grind to figure it out, just like you are doing now.

They just happen to be a little ahead of you.
Dealing with impostor syndrome:

1. Recognize that everyone has it, and that it is normal
2. Get a group of friends/peers that you can be brutally honest with and share experiences.

Don't just say 'I'm fine' when someone asks. Open up, share, and more importantly, listen.
3. Practice gratitude everyday - helps you re-contextualize daily events and makes you focus on the positive things that are going well.

Every morning, I write down three things that I am grateful for.
4. Ask yourself: if this bad thing that I think is really true, what is the actual consequence of that?

Is it really the end of the world? Things aren't as bad as they seem - when one door closes, another one opens.

Keep your head up so you can see where to go next.
5. Take a break from social media - trust me.

6. Meditate to help you avoid self-critical thoughts.

You will see your thoughts come and go. Being present lets you avoid getting caught up in regrets of the past, and anxiety for the future.
What has been your experience with impostor syndrome? Are you currently going through something like this?

Reply to this thread and share your stories - would love to read.
I made a video about my experiences with impostor syndrome on my YouTube channel, check it out here:

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More from @justinkan

4 Sep
Here's what you need to know (and avoid) when it comes to company growth:

(from a former @ycombinator partner who failed a bunch of companies and sold one for $1 billion)
Inspired by a conversation I had with my friends @mattfong_ , @jamiequint, and @eshear's iconic thread celebrating the 10 year anniversary of @Twitch
1. Don't over-rely on press as your primary distribution strategy.

There are very rare cases of companies that manage to hack the press by forcing reporters to write about them over and over again.
Read 16 tweets
27 Aug
You are sabotaging your own personal and professional growth if you're not finding time to read.

These are the books that changed my life, and what I learned from them:
1. 'The 15 Commitments of Conscious Leadership'

Taught me how to reframe responsibility to take agency, and approac things with an open and curious mindset.

It also allowed me to bring emotional vulnerability to work

(cont.)
The key to agency is learning how to operate at the zone around 100% responsibility

Taking < 100% is a victim-mentality: you are letting things happen to you.

Conversely, taking > 100% is overstepping boundaries and playing the hero role
Read 16 tweets
19 Aug
I've been a mentor to countless founders over the years

Here are the common traps 🪤 founders fall into that guarantee failure:
Waiting way too long to start their company.

I see this too often - people waiting for the 'perfect' opportunity and psyching themselves out and getting scared.

The secret:

There is never a perfect opportunity. You should start yesterday.
Being blinded by 'consistency' over truth.

Its important to recognize when your initial ideas aren't working;

Developing the wisdom to know when to pivot and adapt is such a vital skill.

Don't be a slave to the sunk-cost-fallacy.
Read 19 tweets
30 Jul
When we started justin.tv back in 2007, I had no idea what it would evolve into.

Nearly 15 years later, I sat down with the OG @twitch founders for a special reunion.

Here are some of my favorite moments:
It's 2010, and we were all sitting in @mwseibel 's apartment brainstorming and preparing for our interview with @google the next day

(cont.)
It was already a stressful situation and suddenly I received a phone call from an unlisted number.

A voice asked, 'Hello, is this Justin Kan?'

I instantly regretted answering the phone.
Read 12 tweets
21 Jul
Just launched my pod w/ @ImMollyBloom, the real-life Molly Bloom of 'Molly's Game', on YouTube!

Molly ran an underground poker game for Hollywood's 1%, then got raid by the FBI.

She was left w/ one thing: her story.

Here are a few things Molly wants you to know:

[A thread]
Always remember why you started in the 1st place.

When our motivations change, it is easy to make mistakes. Molly's plan from Day 1 had always been to make money, build connections, then bounce.

But she stayed and her motivations changed. This led to a bunch of bad decisions.
Bigger game, bigger stakes.

The more you have, the more you need to worry about.

When working at waitress' salary, Molly's biggest worry was getting fired. When she brought in $5m/year, she had a gun in her mouth.

It's a lot to have, but a lot to lose.
Read 5 tweets
14 Jul
New pod drop with @Conaw on:

Evangelical churches, networked thoughts and why @RoamResearch is about writing a Bible together.

[A thread]
[0:38-14:02]

An anthropology major, Conor spent nine months immersing himself and studying Evangelical Christian communities.

A fateful motorcycle crash led him to sleep on a stranger's couch. When debating about God, Conor realized that Christianity is about fellowships.
[31:22-40:03]

Roam became an extension of his philosophy: seeking truth, through collective intel. Its first step is to help people take notes differently.

Each note uploads a mental network to the cloud. Think of the multiplayer mode of Roam as writing a collective Bible.
Read 5 tweets

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