Jason Bergman
@jasonmbergman
Jason Bergman
Does your situation need to change, or just your outlook on it?
I recently came across a story that I love:
Two salesmen were sent by a shoe manufacturer to a rural part of India to investigate and report back on market potential.
The first salesman reported back, "There is no potential here. Nobody wears shoes."
The second salesman reported bac... See more
I recently came across a story that I love:
Two salesmen were sent by a shoe manufacturer to a rural part of India to investigate and report back on market potential.
The first salesman reported back, "There is no potential here. Nobody wears shoes."
The second salesman reported bac... See more
5 Principles for Life, Cobra Effects, & More
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.
2. If your product isn't stellar (or striving to be), nothing else matters.
The days of scaling B2B SaaS and having a product that is fine, passable, or otherwise are over.
Jay Gould - extreme focus on one thing is a superpower. Avoid multi tasking.
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
"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."
3-2-1: On growing fast vs. growing slow, the value of mastery, and climbing the right mountain
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?
Only those who are asleep make no mistakes.
Charlie Munger
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.
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.