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I'm a 36-year-old CEO who sold my first startup for $1 billion. Here's what I've learned this past decade.

Don't Give Up

Lasting success comes with time and perseverance.

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I'm a 36-year-old CEO who sold my first startup for $1 billion. Here's what I've learned this past decade.

I'm a 36-year-old CEO who sold my first startup for $1 billion. Here's what I've learned this past decade.

https://www.businessinsider.in/careers/news/im-a-36-year-old-ceo-who-sold-my-first-startup-for-1-billion-heres-what-ive-learned-this-past-decade-/articleshow/72955502.cms

businessinsider.in

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Key Ideas

Knowing Success

Justin Kan is a mid-30s entrepreneur who sold his previous startup, Twitch, to Amazon for $1 billion, and has raised millions in VC funding for his current project, the legal startup Atrium.

Work With The Right People

Success might boil down to whom you are working with.

Having the right people around you is more important than even having the right idea or the right kind of resources.

Don't Give Up

Lasting success comes with time and perseverance.

Goals Keep Getting Bigger

Your goals will just keep getting bigger and bigger. Don't stop, don't settle and keep achieving.

Achievement is Fickle

Achieving Goals does not give any lasting happiness, just a temporary satisfaction.

Anxiety Is a Constant Companion

Anxiety and Fear are not situational and occasional but can be a constant state of mind.

Learn to cope with them.

Meditation With Your Fear

Instead of escaping or shying away from your fears using TV or alcohol, you can sit with your fears in meditation.

Don't Try To Attract People

Instead of trying to attract people towards you, just be naturally vulnerable and curious.

Lasting Happiness

Lasting happiness comes from gratitude, connecting with other people and liberation from your self-tortured striving.

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Unhappiness vs Depression

Unhappiness vs Depression

Unhappiness and depression are on the same platform. They both are caused due to our disconnection from what makes us happy.

What we need to be Happy

Depression is caused by the lack of what we need to be happy:

  • We need to belong to a group. 
  • We need to be valued by other people.
  • We need to know that we are good at something.
  • We need to know we are secure in our future.

Soul-Destroying Work

If the work you're doing isn't meaningful, people are bound to get anxious, depressed and unhappy. The most stress-inducing is the work that is monotonous and boring.

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The Monk Who Sold His Ferrari

It is a story about materialistic success transforming into true prosperity. The personality development journey of both characters from the book is a guidebook to life.

Th...

Positive Thoughts

  • The quality of your life is determined by the quality of your thoughts. Mastering your mind means seeing setbacks as opportunities. 
  • Occupy your mind with uplifting thoughts, because they will give you the energy you'll need to attain the success you desire.

How To Attain Your Goal

  • Visualize your goal.
  • Keep yourself positively motivated.
  • Make a deadline.
  • Take steps daily.
  • Laugh along the way.

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Re-evaluation

Disruption and isolation have a way of encouraging us to electively re-evaluate our lives.

Many are abandoning habits or behaviors during this pandemic. Some vowed to care less about ...

Reconsidering priorities

Living through a crisis can be genuinely formative. There are enormous growth and power that can come from it.

With business as usual, we tend to become accustomed to an autopilot mode of living. Aspects that we once thought important, like what to wear or buy, are now really petty.

Collectively, we may be reconsidering our priorities, the lasting effects that will also have an economic impact.

Long-term effects

With the new constraints of lockdown, people will be facing isolation, boredom, and a need for small joy. During this time, things will be streamlined or lost. After the adjustment period follows a time of re-evaluation in which we decide which behavioral changes we made during a crisis, we will abandon, and which we will sustain.

  • Many pleasures like eating in restaurants and traveling will be resumed.
  • Luxury goods may experience the biggest consumer fallout.
  • Online entertainment might also take a hit.