The future of building startups:
- MVP speed (1x per month)
- AI-accelerated
- Superniche is the new niche
- Community 1st, software 2nd
- No-code 1st, some code 2nd
- 10x more automated
- Global teams, localized products
- 95% dominated by solopreneurs and microentrepreneurs…
This is one of the best videos to ever exist for entrepreneurs, creators... I think about it often.
In 2016, Pharrell Williams visited a NYU music production class to critique student songs.
At the beginning you could see student "Maggie Rogers" drenched with the absolute…
So, Mark Zuckerberg finally tried the Apple Vision Pro and compared it to the Meta Quest 3
He says:
- Quest is 7x less expensive yet way more comfortable
- Quest is better for gaming, Xbox, YouTube
- "I'm surprised how much better Quest is better for majority of things"
My…
My biggest flex is I bought a 3500 square foot house in the mountains outside Montreal, on a lake, with 20% down payment and these are the details
And yes, those numbers are Canadian dollars ($1 USD = $1.36 CAD)
Instagram is one major product feature away from being pretty irrelevant
IG has evolved into an app to please advertisers (video-based) and creators (not friends)
People want friends photos, not TikTok reels
Sam Altman just got fired as OpenAI's CEO. He skyrocketed its value from zero to $80B, and still, he's out.
This is exactly why I steer clear of venture capital. One moment you're in, the next you're out.
You work for the board of directors, not for yourself.
So... late last night, a friend called me in tears
She just lost her copywriting job at a 1000+ person company
The culprit? ChatGPT.
This is a wakeup call to lawyers, accountants, consultants etc (read this to stay ahead):
Imagine a multi-billion dollar client who refused to pay you for good work rendered. Most people would turn to lawyers
I turned to ChatGPT
Here's the story of how I recovered $109,500 without spending a dime on legal fees:
Elon Musk often talks about hiring job candidates for “clear evidence of exceptional ability”
But how do you identify exceptional potential employees?
13 non-obvious habits to look for in hiring high performing employees:
Social experiment:
I asked ChatGPT if it could take me to 1,000,000 TikTok followers in 30 days and it said it could
I'm doing everything it tells me to do for 30 days and seeing if it will make me TikTok famous
I asked 1 billionaire, 1 PHD math professor and 1 99 year old man what self-reflection questions they asked themselves
Their list of the questions to make you feel more fulfilled in life, love & career
Ask yourselves these questions today:
People are missing a main point on why Netflix stock is down 30% today wiping $55b of value
It isn’t just extra competition of Disney, HBO or Peacock…that’s just an excuse
The real reason:
TikTok is increasingly taking more and more of people’s entertainment time
People sleep on Google Chrome Extensions, but it’s secretly a gold mine
Grammarly, Loom, Metamask and Honey are companies that started as small Chrome Extensions and created billions of value
Here's why it works:
I saw this ad for WWF Germany today. It blew me away with its creativity
The copy says:
"Protect our wildlife, before it’s too late.”
Genius marketing.
Today, Fiverr hit over a $5B valuation
Who would have thought a marketplace for $5 gigs would turn into a $5 billion dollar valuation
I remember a top VC telling me that a "niche" marketplace like Fiverr had no legs
Kudos to all the "niche" startups working hard out there
You can't build great products without being "at one" with the niche you're building it for
It's almost impossible
Deeply understand your niche or expect disappointments
Today, OpenAI announced they are releasing the ChatGPT Store, an App Store for ChatGPT
Shopify Apps: 33,000 apps, $561M of revenue
App Store: 1.8M apps, $910B of revenue
ChatGPT Store: 0 "agents", $0 revenue
Probably millions of agents, billions revenue soon
I wish I had…
[VIDEO] The Humane AI pin just launched for $699.
Is this pin going to be the new Apple iPhone?
Idk, but here are 3 big takeaways from the launch:
1. OpenAI/Microsoft will eventually become infra for all tech
Hard to beat them at this rate, they will become AWS for AI
2.…
Have you seen Tim "The Blackjack Guy" Myers on IG?
He plays blackjack everyday. He bets $0.10 for every follower he gets. Yesterday’s bet was $94,000.
And he is regularly getting 100k+ likes per post.
Everyone is rooting for him.
Electric way to build an audience.
Prediction:
2023 will be the year of the “Part-Time Creator”
You could earn an extra $100k+, make friends and be fulfilled
I discuss it in this thread:
I heard something really depressing Sam Altman said a few years ago:
"Adjusted for the subjective increase in how fast time passes, life is half over by 23 or 24".
I've been thinking about more and more ways to slow it down and enjoy every moment.
Life moves quick.
Starbucks is going web3 and crypto
“Through Blockchain or other Innovative Technologies, we are exploring how to Tokenize our rewards program”
- Kevin Johnson, CEO of Starbucks
First McDonalds sells NFTs, now Starbucks goes crypto
What’s next?
I came across Facebook's beautiful employee handbook by Ben Barry for the first time today.
And I think every employee and founder needs to see it.
Even Zuckerberg-haters will probably be impressed.
A sneak peek into 15 pages of the Facebook Employee Handbook:
I made some mistakes that cost me $75 million
Confession: I’ve passed on investing in 7 companies that are now worth billions
I let them slip away…
7 painful lessons learned (so you don’t have to make them):
This is the best time to start a company in 30 years.
I’ll summarize some of the best opportunities for you:
1. Buy distressed VC assets. Recap them. Offer team dividends going forward. Turn them into profit machines.
2. The media apocalypse is here. 20,000+ media employees…
The market cap for Match Group is $9B. Someone will build the AI-version of Match Group and make $1B+.
I met some guy last night in Miami who admitted to me that he spends $10,000/month on "AI girlfriends".
I thought he was kidding. But, he's a 24 year old single guy who loves…
The future of winning startups are:
- Privacy-first
- Community-first
- Sustainability-first
- Creator-first
- Digital-first
If you bet against these trends, you'll probably lose
The future of work is:
- Freelance
- English as the working language
- Asynchronous
- Remote or Hybrid
- Paid in BTC/ETH
- Upside in DAO tokens
- Global team
- Flexible: work 8 hours to 80 hours a week
CEO is the worst job at the company. The best job is co-founder. More equity than any employee. More equity than most investors. Less responsibility than a CEO.
Co-founders sleep better at night than CEOs.
The next time you think that you can't build anything worthwhile without venture capital, remember that Midjourney is doing $200M ARR and is probably worth ~$10B and never raised $1 from anyone.
I just spoke to a founder who raised $30M from Tier1 VC firm in 2021 and hasn’t touched the principal.
He funds his entire company off of the 6% interest ($1.8M) from his 2021 ZIRP fundraise while he is finding product/market fit.
It's like a free seed round every year.
Gutenberg launched the printing press when 96% of the people in Europe were illiterate
That's how it feels to be building in web3/crypto today
It's just early
AI Dating coach built on-top of ChatGPT making $190,000/month.
333,000 download per month.
No new tech, just a wrapper on top of ChatGPT.
Founder got the idea from the Tinder Subreddit.
2024 is wild.
So, tax season's upon us, and it's my nightmare.
But ChatGPT has been my BFF through it
Now I'm convinced that AI will devour 97% of an accountant's job, and I, for one, can't wait to shell out just 1/10th of the cost.
Let me give you an example...
For most people: forget Harvard or living in SF
With the internet, you are more powerful than you think you are
1) Learn anything you want
2) Connect with anyone you want
3) Be anyone you want
What a time to be alive
Anyone else love a useful how-to?
I put together a mega-thread of mega-valuable how-tos that can transform your startup, career or life
All you have to do is read these 10 how-tos:
All of these UNBELIEVABLE videos were created using Sora, the new AI model from OpenAI
Watch each one and see how it makes you feel...
I don't think it's crazy for me to say this going to shift Hollywood, social apps and media forever
Video
#1
Prompt: The camera directly faces…
Okinawa is an Island in Japan with the highest life expectancy. It's called "the land of immortals"
The secret: almost everybody gardens
Entrepreneurship is a marathon not a sprint. Be sustainable
Find your gardening.
My rules for being a founder (after selling 3 companies):
- Pay your invoices fast. People appreciate it
- Recurring meetings are mostly useless
- Your best internet ideas come when you are off the internet
- Create products no one asks for but everyone wants
- Really…
AI visual translation from FlawlessAI:
The Spanish one looks so real!!
No wonder Sam Altman from OpenAI recently said:
"AI will break capitalism"
Because it probably will...
Watch the full video until the end to see why
SaaS as we know it is dying and no-one is talking about it
1 hour ago, Zapier ($5B company) started charging "pay-per-task" instead of only monthly subscriptions
When you can align customer incentives with your business model, it's a beautiful thing
Bullish.
Lifehacks:
1. Be cringe. Trying isn’t cringe. Cringe isn’t trying
2. Pick the heart emoji for a warm iMessage; skip the thumbs up
3. Being on someone's IG close friends doesn't mean you are close friends
4. The fastest way to get out of your crappy town is by building an…
I started using Twitter in 2008 to find a job in startups in SF
I had little money and was desperate to find a way to America
Instead I found something else…
Do yourself a favor:
- stop checking crypto prices
- stop checking nft floor prices
- stop refreshing your stock market app
- start focusing on how to create new and interesting products
I raised many millions and sold 3 companies before age 30…
My first company sold to the founder of Uber, my last to Adam Neumann
But I had an unfair advantage (and you could too)
I used software to come up with 0.01% validated startup ideas
6 underrated tools to help you get…
The news JUST broke that WeWork is filing for BANKRUPTCY next week
The same WeWork that was valued at $48 billion is now worth ~$48 million
I sold my company to them in 2019. And was briefly the head of Product Strategy of WeWork.
Here's what went wrong and what we can learn:…
I reread this often.
Every word of it is perfect.
We spend so much of our lives obsessing over building businesses, sometimes we lose sight of why we do it.
This is your reminder.
It reminds me of the Leo Tolstoy quote from his short story Family Happiness
"A quiet secluded…
It still blows my mind that:
- You can launch a startup with $50
- You can run that startup from your iPhone
- You can affect the lives of millions of people daily with that startup
- Bonus: you can do it from anywhere
It's a powerful time to be alive
Starbucks just announced they are adding NFTs to their loyalty program
With 26 million members on their loyalty program already, Starbucks could create one America's most used crypto wallets
Starbucks could move from being just a coffee company to a crypto company ;)
Daily reminders for entrepreneurs:
Overthinking —> Write
Uninspired —> Read
Scared —> Take one risk
Stuck —> Walk
Tired —> Sleep
Confused —> Ask
Frustrated —> Move
Burned out —> Day off
Impatient —> Review progress
Unmotivated —> Remember your "why"
You got this.