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A startup is a small company that takes on a hard technical problem.
Economically, you can think of a startup as a way to compress your whole working life into a few years. Instea...
There is a limited amount of money in the world but wealth is unlimited. Wealth can be created through work and new ideas.
Companies aim to create wealth and so do you when you join on...
Joining a company is not the only way to create wealth. As long as you can create something that people want you can create wealth and for that you don’t need a company as an intermediary.
...you need to get yourself in a situation with measurement and leverage. You need to be in a position where your performance can be measured, or there is no way to get paid more by doing mo...
Technology is technique, the way we do things. New technology has its value multiplied by all those who use it. Solving a technical problem that affects many gives you leverage.
Big companies develop technology, but not quickly. Their size makes them slow and prevents them from rewarding employees appropriately.
They are better suited to develop technology ...
Seek to solve the harder problems as they are more valuable and give your company an edge over the competition. It also increases the barrier to entry. That’s how hard it is for another comp...
Without the incentive of wealth, people would only work on projects that brought them personal satisfaction or social status, no one would want to develop mundane technologies like light bul...
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“Values over rules are key for encouraging originality.”
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“Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for lunch and working every day and having a good time. So don’t worry about money, because it won’t make much difference in how you live.”
Startups take off because the founders make them take off.
Generally, startups take a push to get them going. Once they are on the track, they will usually keep going, but there is a s...
Nearly all startups have to recruit their users manually. You can't wait for users to come to you. You have to go out and get them.
Almost all startups are vulnerable initially, like a newborn baby. It's harmless if know-it-alls dismiss your startup. Thinking "there's no way this tiny creature could even accomplish anything" is faulty thinking.
The danger is when you dismiss your startup yourself and fail to see the full potential of what you're building.
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