Startup Advice
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Startup Advice
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
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
Maintain a sense of urgency to drive compound growth
One of the core things we’ve learned is that a sense of urgency leads to compounding growth .
To get the best long-term gains, you should always have a sense of urgency. The quicker you launch winning experiments, the quicker those changes impact your growth. Not only that, but these improvements... See more
One of the core things we’ve learned is that a sense of urgency leads to compounding growth .
To get the best long-term gains, you should always have a sense of urgency. The quicker you launch winning experiments, the quicker those changes impact your growth. Not only that, but these improvements... See more
Sean Colombo • The Secret to Duolingo’s Growth
Complicated problems have a solution, and the solution can often be found by breaking the complicated portions into smaller pieces.
And complicated problems often have an emotional component, because there are parts of the problem we don’t want to look at closely, or deal with personally.
If you’re lucky enough to be handed a complicated problem,... See more
And complicated problems often have an emotional component, because there are parts of the problem we don’t want to look at closely, or deal with personally.
If you’re lucky enough to be handed a complicated problem,... See more
Complex or complicated?
It’s never the right time, but right now is usually the best time.
3-2-1: On the importance of beauty, fixing silent complaints, and a simple rule to make life easier
For me, 'big' means having the ability to take a chance on an idea that others may not understand or even see as valuable. My team was excited about the idea of using artificial intelligence to help us develop web content and make it more engaging for users. Others in the company were skeptical, but we took a chance on it."
- The 7 sources of power:
- Brand: Your unique brand identity attracts and retains a significant number of customers.
- Process power: You can produce something more efficiently than competitors, and the competitors can’t easily copy the method.
- Cornered resource: You have exclusive access to a vital resource, such as the only rights to a patent.