how I’d build a startup
Education and practitioner networks
We’re seeing a lot of new venture funded education communities, but here once more is a reason to be more excited about bottom-up community-driven businesses. What happens when groups of independent teachers or consultants who are already chatting have shared interfaces to formalize, quote, and invoice? In the
Subpixel Space • Come for the Network, Pay for the Tool
Give them all of the props and staging they need in order to step inside the new narrative.
Jasmine Bina, Concept Bureau
George Kedenburg III • The Cost of Craft
the founder is the guardian of the company's Soul
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Obsess over perfection.
If you are designing something that a customer is going to use or that will represent us in public, it’s not good enough unless it’s flawless and extraordinary.
Especially in software, many situations have winner-take-all dynamics due to network effects and switching costs. Being the winner means being in the
... See moreJoe Lonsdale • Lessons from Peter Thiel
Peter Thiel
I let you do it this one time you'll do it again the contract with the customer which is very low prices must not be broken
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Costco gets this incredible deal better deal than they normally get when they buy 2 million pairs of designer jeans they wind up getting them for $22 so $10 less than Costco has sold the jeans for in the past so they offer this huge markup you could essentially mark it up another 50% and you'd still be half the cost of most other retailers so one of Costco's buyers recommends taking a higher gross margin than usual more than the normal 14% markup since no one would know so he says that the Jim Sagle
on the importance of a singular vision and good judgment
Return to first principles and act quickly on your new conclusions.
It’s very easy to take the world as it is, as opposed to envisioning it as you want it to be. For example, when re-designing a feature, one approach is to take what you have, and imagine small changes that will solve the problems with the feature. Instead, it’s often instructive
... See moreJoe Lonsdale • Lessons from Peter Thiel
Peter Thiel