long-term thinking
musings on long-term thinking in a shortsighted world. we overestimate what we can do in a year, underestimate what we can do in 10 kinda thing.
Juan Orbea and
long-term thinking
There is a common issue of over-optimizing the metrics in business, which can damage the whole system.
Doing the wrong thing efficiently is actually worse than doing the right thing badly.
– Rory Sutherland
As people contort themselves to please the algorithm for short-term payouts, there’s even more of the less legible, less liquid, but ultimately more important long-term value up for grabs for you if you continue to just be yourself and talk about whatever lights your fire, algorithm be damned.
Packy McCormick • A Market For (Almost) Everything
It took 4.5 years and ~$1bn raised for OpenAI to launch GPT-3, which was their first PMF product.
That breaks every “rule” in the startup world, around mvp and being capital light pre-pmf.
Goes to show you that you have to define your own rules to get outsized success.
immadtwitter.comOur ideal outcome as a company is not becoming the next Facebook (god forbid), it’s becoming the next Nishiyama Onsen Keiunkan, a hot spring hotel in Japan, and one of the world’s oldest businesses (founded in 705 AD).
Don’t get fooled by the insane outliers. It’s a long, slow road. But if you can stomach the wait, the embarrassment, and the frustration, you just might make it.
Nat Eliason • It's Still a Long Game
sometimes people ask something like “do you think this could work?” and I sorta waffle around on it
but I realize my truer answer is something like: it’ll probably work IF *you* believe it will work and *you* commit to making it work for 7+ years
Visakan Veerasamyx.comThe founder of Teenage Engineering opens up to his creative space
scandinavianmind.comscandinavianmind.com
That's another thing too, where I'm only interested in people that do things for a long period of time. There is a subset of people that can start a great business or be a great investor for two years, five years, 10 years. I'm interested in people that, you started the conversation saying about Edwin Land and Estee Lauder. Okay. Two obsessives.... See more
Patrick O'Shaughnessy • Passion & Pain
/cloudfront-us-east-1.images.arcpublishing.com/tgam/6Y3HLMLFSBAOFIS7TQZIHAM36A)