Startup
Buffet and munger - schedule time to think and avoid multi tasking. Default to no and keep an open calendar. Get rid of envy. Someone will always be doing whatever you can think of better - who cares?
Somebody would ask me if he could get back to me about something next week, and I would reply ‘how about tomorrow morning? Might be completely unreasonable, did not matter. The point was to change people’s sense of urgency.
Amp It Up! by Frank Slootman
Problems are just opportunities in work clothes - Henry Kaiser
The road to success is paved with mistakes and problems well handled
Here are some tips to keep your startup lean:
- Focus on unit economics from day one. Understand your costs and revenue at a granular level.
- Wait to hit certain revenue milestones before hiring additional teammates.
- Explore alternative funding sources like revenue-based financing, crowdfunding, or bank loans.
- If you do need to raise VC money, approach it
the best way to avoid getting over-diluted
Andrew Carnegie - Always know every dollar coming in and going out of your business to get ahead. Always invest in technology where your competitors aren’t. Be delighted to learn. Successful older generations love mentoring younger generations.
Only those who are asleep make no mistakes.
Charlie Munger
The breakthrough came when I called a team meeting and proposed something radical: focus 80% of our attention on breaking this one constraint and only 20% on everything else.
In general, your best weapon against these monsters is determination. Even though we usually use one word for it, determination is really two separate things: resilience and drive. Resilience keeps you from being pushed backwards. Drive moves you forwards.