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From Nat Friedman’s personal site (former Github CEO)

Some things I believe: As human beings it is our right (maybe our moral duty) to reshape the universe to our preferences * Technology, which is really knowledge, enables this * You should probably work on raising the ceiling, not the floor Enthusiasm matters! * It's much easier to work on things that are exciting to you * It might be easier to do big things than small things for this reason * Energy is a necessary input for progress It's important to do things fast * You learn more per unit time because you make contact with reality more frequently * Going fast makes you focus on what's important; there's no time for bullshit * "Slow is fake" * A week is 2% of the year * Time is the denominator The efficient market hypothesis is a lie * At best it is a very lossy heuristic * The best things in life occur where EMH is wrong * In many cases it's more accurate to model the world as 500 people than 8 billion * "Most people are other people" We know less than we think * The replication crisis is not an aberration * Many of the things we believe are wrong * We are often not even asking the right questions The cultural prohibition on micromanagement is harmful * Great individuals should be fully empowered to exercise their judgment * The goal is not to avoid mistakes; the goal is to achieve uncorrelated levels of excellence in some dimension * The downsides are worth it Smaller teams are better * Faster decisions, fewer meetings, more fun * No need to chop up work for political reasons * No room for mediocre people (can pay more, too!) * Large-scale engineering projects are more soluble in IQ than they appear * Many tech companies are 2-10x overstaffed Where do you get your dopamine? * The answer is predictive of your behavior * Better to get your dopamine from improving your ideas than from having them validated * It's ok to get yours from "making things happen" You can do more than you think * We are tied down by invisible orthodoxy * The laws of physic

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Winnertakeall

Accenture

2 months ago

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Indian Startups on

by Royalflush

Stealth

PSA: What 8 years in startups have taught me

I've been in startups for the last 8 years. From Series B/C onwards to even a unicorn, over time worked at 3. One of them was an outright scam, raised many millions of $s from top investors, and then ultimately died. Also close with CXOs at decent sized startups, and there is a pattern out there. A few thoughts: 1. Being a startup founder is tough. There's pain. Some people thrive in pain. AKA Masochists. Know how to spot a founder who works 15 hours a day because they love their vision vs. somebody who works 15 hours a day because they're masochists. These people thrive in pain, and hence love to see you miserable as you slog away the hours under their leadership. There is absolutely no vision for the future that they have. They do it for the fame, money, and cause a lot of pain in the process. Nothing good comes out of it. Investors love this breed. 2. I wish I'd done more than just leave the scammy startup. At the point, I decided against whistleblowing. Because I thought there's so many people employed here, they would all be impacted. Over time, 200-300 people more joined after I left. Once the scam was caught, all of them lost their jobs. 3. I'm not a coder. I'm a generalist. Over time, my pay grew but not in line with my peers who went into consulting/VC and then came back to big tech/startups. Over time, you disadvantage yourself if you stick around as a generalist in startups for too long. The next team pays you at some premium over the last one, there's no step jump. You need to somehow find a successful startup early, and genuinely, that is impossible to game - even VCs have to bet on 20 to get it right. These are a few disjointed thoughts. I hope they give some insight. My only takeaways: - If you work at a scammy startup, don't stand it. At least, don't stick around. - I earn lesser than my peers (tier 1 undergrad), but I regret nothing. I love my work, and I'll never get over the kick. I cannot imagine working at a larger company ever again. - Ultimately, you have to be optimistic. Believe that India will grow, good founders will come around, magic will happen ❤️

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Indian Startups on

by AlphaGrindset

Series A Startup

The beauty of 'closing the loop'

Just sharing a random thought that I feel is very important, would love to get your thoughts on it as well. I've been in startups for ~5 years now, and my big realization is that the best people know when to go all-in into an idea and close the loop: in terms of making sure resources are put behind the project, founders' approval exists, and people are championed behind it's execution It's super easy to come up with 3-4 ideas every month, share it, move on to the next ones. Most commonly, some execution also happens, but then people eventually lose interest... they are too stuck on being an idea generator, and often times there is a missing culture of seeing things to fruition. But the joy of having thought of something, seeing it succeed/fail, get to a logical conclusion is unparalleled. It's the most beautiful way to learn how 0 to 1 actually works, and makes sure you learn to execute, not just think. The happiness lies in seeing the early signs of success, and then some mid-stage and late-stage signs of success. This culture within early team members makes a startup successful. It makes you successful, if you're the person behind it. So to everyone who's still early within startups (especially early stage), try to close the loop on those ideas you find to be wonderful. You'll never again have to think about what to write on your CV or what to say in an interview. TLDR: Execute your ideas with as much excitement as you had when you first thought of them, don't lose track. From other operators, would love to get your thoughts on this. What have you seen? Do you feel differently?