Startup Advice

It offers flexibility and scalability for businesses. Companies can adjust their workforce easily, scaling up or down without long-term commitments. This approach also reduces the need for routine employee management tasks like performance reviews and social events.

Another key factor is cost efficiency – hiring freelancers can be more economical... See more

Mark Zuckerberg: Could Facebook move faster? March 30, 2012

1. The 7 sources of power:
   
   
   1. Brand: Your unique brand identity attracts and retains a significant number of customers.
   
   
   2. Process power: You can produce something more efficiently than competitors, and the competitors can’t easily copy the method.
   
   
   3. Cornered resource: You have exclusive access to a vital resource, such as the only rights to a patent.
   
   

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A simple rule of thumb for what makes an idea venture-scale is having a path to $100 million a year in revenue and hitting $1 billion+ valuation , in 10 years . Essentially, can you get big, fast? This is what VCs need to invest in in order to make their fund economics work. Very few ideas can hit this scale, and it’s important that you recognize... See more

“The only way to be a painter is to make paintings. That means not doing other stuff.”

ON SMALL TEAMS

Impressive things accomplished by small teams:

• Instagram had 13 employees when they were acquired by Facebook for $1 billion. They had 30 millions users at the time.


• Mojang (the company behind Minecraft) had 37 employees when they were acquired by Microsoft for $2.5 billion. At that time, Mojang had revenue of about $290 million

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To find happiness in your career and life, embrace the philosophy of playing infinite games, where the goal is to keep playing rather than reach an end goal.