Jason Bergman
@jasonmbergman
Jason Bergman
You don't find yourself through planning, you find yourself through acting. The path is found in the action.
Act and adapt, don't think and plan.
Act and adapt, don't think and plan.
An Open Letter to My Lost Younger Self
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
Jay Gould - extreme focus on one thing is a superpower. Avoid multi tasking.
Orangutan theory - if you go into a room and tell an orangutan what you’re thinking one person walks out smarter.
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?
Naval - if you can’t decide, the answer is no. You’ll never be absolutely certain but you should be very certain. If you’re ever split on a decision, choose the hardest short term pain. Most gains come from suffering in the short term to get paid in the long term. Accessibility to learning is abundant but the desire to learn is scarce.
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
Build a better use, don't build a better product. Build a better photographer, not a build better camera. Build a better entrepreneur, don't build a better budgeting tool.
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"A critical quality to develop in life is the willingness to try. You simply must find enough confidence to give it a go. The human mind is fabulous at learning. You will get better at whatever you practice. But before you can develop the skill to succeed, you must find the courage to attempt."