What public figures publish and believe, in their own words.
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Latest: everything, as it happens, in the order it happened. Nothing ranked. Show highlights instead.
The quoted blocks are what people actually said; a beneath one is the belief those words support, in korrents' wording. Nobody here wrote their own page.
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Top people in Business
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21 August
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Their words
The way to win at capitalism is to focus on what it actually does (make customers' lives better) rather than the socialist caricature of it (squeeze every penny out of them). The latter gets you 2x returns at best, whereas making new things for people can get you 10x.
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Their words
In short, the venture capitalists and CEOs of Silicon Valley have priced the costs of shame into their business plans.
20 August
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Their words
Yeah, well I mean becoming profitable or at least have like having the ability to do this forever is a super high priority. Restoring vision to the blind is pretty good business if you can actually do that.
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korrents.com
The trillion-plus prices rumoured for OpenAI and Anthropic ahead of their listings look rich.Their words
I will confess that the rumored pricing for both companies ($1.5 to $ 2 trillion) looks rich, but I am open to being surprised
19 August
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Their words
even if you set aside, you know, maybe there's some validity around a business needs to monetize, those things shouldn't cause a really bad experience.
18 August
From one piece Michael Kratsios: Inside the White House's AI Strategy 2 beliefs, in the piece's order there
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Their words
I think it's all about having regulatory clarity and ease for all sizes of of companies. Um and if we can work with Congress to do something like that, I think that would be that would be the biggest boon for for for startups.
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Their words
if if DC is in a vacuum isn't hearing anything from the startup ecosystem or even from big tech ecosystem or even from financial services or all these different industries, we can't make the best decisions.
17 August
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korrents.com
Releasing free access to AI intelligence is one of the strongest available business strategies.Their words
releasing access to intelligence is one of the strongest business strategies available.
16 August
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Lovedrcmnd.app
The Lean StartupTheir words
Of course, you can’t not read The Lean Startup if you… actually, in any case! Do read it!
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Lovedrcmnd.app
Running Lean: Iterate from Plan A to a Plan That WorksTheir words
I prefer and recommend this over the canonical "Lean Startup"
15 August
From one piece How Nuclear Will Unlock Energy Abundance with Valar Atomics Founder Isaiah Taylor 2 beliefs, in the piece's order there
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Their words
if you look at the nuclear industry outside of Valor, it's mostly a modeling and simulation uh industry. Like when you think of a nuclear company, right, there's like nuclear companies out there that everyone knows the name of. And you kind of look under the cover. It's actually a modeling and simulation company, right? They produce um very very precise what we call paper reactors which have really good predictions of how a theoretical thing might behave.
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Their words
And the type of risk that we are asking investors to take is um, we know the physics works. We know that there's infinite demand and how we go from here to there is technology execution. And guess what? Venture capital in the United States is the best at underwriting tech risk of anywhere in the world.
14 August
From one piece Travis Kalanick: How AI Will Transform the Physical World 2 beliefs, in the piece's order there
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korrents.com
When a business starts to feel easy it is about to get very hard; comfort is the warning sign, not the reward.Their words
And I've talked to a lot of entrepreneurs over the years where they're like, "Oh man, we're just cranking. We're on easy street right now." And I'm like, "Dude, you are about to get your ass whooped and you don't even know it."
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Their words
the media landscape 10 years ago, 90% of what was said was very negative. Business had become politics and we didn't know it.
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Their words
economic research has repeatedly found that they rarely generate enough marginally income, employment, or tax revenue to justify the subsidy.
13 August
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Their words
It would of course make great sense to tax these windfall profits, earned entirely on the back of dead Iranians and Americans, and everyone who's paying $4.50 a gallon at the pump.
12 August
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Their words
A lot of founders I talk to are worried about what will happen with AI. So am I frankly. But they're actually better off than anyone else. If the world is going to get turned upside down, the safest place to be is in a small, fast-moving company that can easily change direction.
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Their words
One common question I get now is how much of the standard startup advice is still true in the AI era. So far almost all of it. There's more difference between the advice I give different startups in one batch than between what I've given pre-AI and post-AI startups.
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korrents.com
Kind leaders usually do beat sociopaths in the same role, but only if they are also good at business.Their words
it's it's not enough to be a good person. I believe that people who are kind and care about people can and and usually do do better than sociopaths in the same roles, but only if they're good at business.
11 August
10 August
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Their words
So maybe write this one down. Your dependencies business model is your business model.
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Their words
Many startups are racing to create foundational world models, but I think the first ones to succeed will likely be the platforms in control of this data bank.
9 August
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Their words
When it comes to cafe operations and roasting, efficient workflow is critical to profit margins.
8 August
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Recommendstheir ownrcmnd.app
Masters in BusinessTheir words
Be sure to check out our Masters in Business next week with Dr. Ankur Crawford, EVP and Portfolio Manager at Alger.
7 August
From one piece Max Hodak: Average Is Not Good Enough 4 beliefs, in the piece's order there
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Their words
And so we can distribute the voting across a lot of the company for this initial review, which is essential because if you're doing anything cool, by the time you get a couple years into it, that top of funnel is overwhelming. And if you place any in any small group of employees or any one person in the way as a bottle bottleneck on this, they will absolutely bottleneck the whole rest of the organization.
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korrents.com
There is no right hiring process, but there is a wrong one: not having something you do religiously as a company.Their words
there's no one right answer, but this is a thing where you need a really defined process. There is no right answer, but a wrong answer for sure is not having something that you do very religiously as a company.
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Their words
And one of the harder lessons as a startup founder, one of the harder things I think to to really deal with is the fact that you cannot delegate your judgment. As as the CEO, you must always make decisions that make sense to you, no matter how much momentum or inertia alternatives seem to have.
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Their words
Well, I mean, okay, even the whole basis of building Helix is contrarian. Like, I think that if you raise a series A and then you tell your investors that you're going to vibe code a purchasing system, I think that any reasonable board is going to like ask you what you're thinking.
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Their words
it's not out of the question that Anthropic or OpenAI-which barely had any revenue before 2023-could equal or surpass the revenue of all of Musk's public companies some time in the next 12 to 24 months.
6 August
5 August
4 August
3 August
2 August
From one piece This CPO regrets that product management exists | Tom Verrilli (CPO of Whatnot) 3 beliefs, in the piece's order there
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Their words
hiring so many PMs infantilizes the engineers and the designers who are perfectly capable of making good decisions, but just never had to because there was always a PM to babysit them.
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korrents.com
A company should hire a product manager only against a specific need, never by default.Their words
we articulate it that way to kind of force ourselves to remember that you don't hire a PM just for the sake of hiring one, you hire one with a really specific need.
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korrents.com
Deciding on averages is how product teams destroy the small group for whom a barely-used feature is everything.Their words
there are real downstream impacts to people's businesses that often come from just like a lack of nuance in understanding metrics, particularly averages.
31 July
From one piece Patrick Collison: Is AI Breaking the Lean Startup Playbook? 5 beliefs, in the piece's order there
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Their words
Um, but actually the median business, uh, is doing better this year than a year ago. Um, and so and then if we kind of, um, stratify and look at the probability that any given business will reach some revenue threshold, a million dollars, five million dollars, 10 million dollars, whatever, um, those all seem to be getting better.
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Their words
Um, as I speak, the number of new businesses starting on Stripe is up around a bit under, but around 2x year-over-year, um, which again is the largest relative jump, uh, we've seen.
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korrents.com
By every objective metric Stripe can see, there has never been a better time to start a business.Their words
Uh, business are uh, the time to revenue for new companies incorporated with Atlas is declining. And so, by all the kind of objective metrics we can look at, uh, it seems to be a better time than ever to start a business.
+ 2 more
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Their words
So, I um yeah, I think maybe maybe a better way of saying it is 20 20 years ago that whole lean startup thing was uh was almost the only thing to do because of capital available and you didn't have AI that made, I don't know, spinning up an organization with many different potentialities and capabilities so much easier, whereas now I think you can start these much more aggressive and ambitious things up front.
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korrents.com
Many of the most successful companies of the last decade were built against the lean startup playbook, not with it.Their words
many of the companies that were most successful over the last 10 years, so many of them are are very anti-lean startup, right? Uh whether it's, you know, the labs themselves or Anduril or um yeah, you you you you can go down the list. A lot of them have this characteristic.
30 July
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korrents.com
A startup's durable advantage over a general model is having visibility into data the general model will never see.Their words
Yeah, I mean I think uh sometimes it's uh a product that you build that might have access to particular kind of data that the underlying model might not the a general model. So it might be you're building something to help users organize all their own personal information and the model won't necessarily have access to that. And so there you can have a big advantage because all of a sudden your model has visibility or your product has visibility into important data.
29 July
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Their words
I think the case of TLA+ and most, not all, but most formal methods, they shine the most in highly computational domains, where most of the problems are highly technical and not like business embedded.
From one piece Alexandr Wang: “This is a Once-in-a-Civilization Opportunity” 5 beliefs, in the piece's order there
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Their words
And now I actually think with the power of agents um and AI broadly speaking, it's much closer to Goliath versus Goliath. Like I think but maybe the startup is like a Mecca Goliath that is like vastly enhanced by the power of agents and AI and you know, the the large companies are the sort of like more traditional Goliath, so to speak. But I think that startups now like if you properly embrace AI agents and um figure out the way to leverage their strengths in the most like ambitious ways, you can easily outcompete incumbents.
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Their words
I truly believe these these models are already just incredibly powerful. Like they should they should be so powerful to fuel, you know, um many many points of expansion of GDP growth and I think it's like up to smart people with vision and ambition to make all that happen.
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korrents.com
This is a once-in-a-civilization opportunity to have a vision and impose it on the world by building something.Their words
it's probably a like once in a civilization opportunity to be a dreamer and to have a vision and to have ambition and to impose a view of how the future world should look by building something amazing.
+ 2 more
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Their words
you just you can't base your business decisions based on what everyone else is saying around you. Like, if you go too much with the herd, you will get immensely confused and you will end up nowhere. And so you have to develop your own compass of what you think the future is going to look like because everyone else will just confuse you.
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korrents.com
The scarce resource is about to stop being intelligence or agency and become vision and ambition.Their words
all of a sudden, the scarce resource isn't going to be intelligence or agency. I really think it's going to be vision and ambition.
28 July
From one piece Sam Altman: "Never a Better Time to Do a Startup" 5 beliefs, in the piece's order there
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korrents.com
Y Combinator's much-mocked insistence that founders move to San Francisco was, in hindsight, plainly correct.Their words
it used to be very heretical that YC told people they had to move to San Francisco. And looking back, it was clearly right.
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Their words
the great startups tend to cluster when the ecosystem shifts and incumbents lose a lot of their advantage.
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Their words
I think concentration of power has basically been bad in every moment of human history um to varying degrees of course but I have a real spirit and I think this is part of the startup spirit of thinking that the world, the economy, society is the best off when power is very widely distributed
+ 2 more
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Their words
it is both true that you know maybe creating super intelligence will be the most important thing yet to happen in the history of business or human society and also that it will pale in comparison to some new startup something that hopefully one of you will do.
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Their words
In fact, if if we are right that AI is going to be such a big change, startups will be much more important to making sure that the power of this technology gets widely distributed throughout the economy and society and is not just concentrated in a few companies or models.
From one piece Blake Scholl: How 50 People Built a Supersonic Jet 2 beliefs, in the piece's order there
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Their words
one of the most important things we discovered along the way is it's extremely difficult to iterate with outside suppliers, particularly outside suppliers in aerospace, which are let's just say I have no kind words for them. So we chose to build our own machine shop. And now we can go from a digitally designed engine part to a prototype part in about 24 hours.
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Their words
There are many many unsolved problems in the world, many great ideas hiding in plain sight that were actually solvable that could have been multi-billion or multi-t trillion dollar businesses a while ago, but nobody's building them and not for any reason other than nobody went and did it.
27 July
26 July
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Their words
I cancelled and then vibecoded 100% of my SaaS subscriptions I only pay for domains, server hosting and storage and AI APIs
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Their words
I'm seeing a trend here of declining revenue and traffic with indiehackers On my own projects too Maybe big VC products too but I wouldn't know cause they don't share revenue To me it seems clear BigAI is cannibalizing everything that used to be apps
From one piece Jensen Huang: The Mindset That Built NVIDIA 4 beliefs, in the piece's order there
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Their words
the the big lesson is that for me is technology is changing all the time, and so long as you're able to confront the reality, so long as you are able to learn, the technology itself actually doesn't matter.
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Their words
we realized early on uh that it's not about building a great chip, it's about accelerating an algorithm domain.
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Their words
one of the things I've always believed believed in is what makes great companies is a unique perspective about the world that you deeply believe in. It's not so much the technology, it's not so much uh the market even.
+ 1 more
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Their words
likely this will be one of the largest industries in the world and um, uh, it'll take longer than a couple two, three years. It'll take less than 10. And so this will this will be our next $100 billion business.
24 July
23 July
22 July
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korrents.com
France and Germany will ban Tesla's full self-driving to protect their own car industry.Their words
The French and Germans will ban Tesla FSD to protect their car industry that's being decimated by Chinese EVs and Tesla Allowing Tesla full self driving would make it so popular that it'd probably the end of their car industry Because no French or German car has self driving like Tesla, many customers would probably flock to Tesla
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Their words
To put this same story another way, the European car industry in the early 2020s was a prime example of greedflation i.e. companies taking advantage of the COVID shock and other disruptions and to hike profits at the expense of consumers.
21 July
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Their words
So you went from a business chain of customer > app > ai model provider To customer > ai model provider The app layer is possibly getting removed!
20 July
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Their words
I came to the same conclusions independently before I encountered Krashen's work, and decades of learning across 20+ languages have only reinforced them. The research supports the intuition: input is where acquisition happens.
19 July
From one piece Why Netflix is betting on systems thinkers—not specialists—in the AI era | Elizabeth Stone (CPTO) 4 beliefs, in the piece's order there
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Their words
It was instead a very strongly held opinion that that you get to excellence by giving people a lot of agency and accountability. By pushing decisions as deep in the organization as possible, hiring great people who can be trusted to have good judgment and make good decisions.
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Their words
So, even in a world of AI where some things are easier, we were talking earlier about mindset, AI fluency. From my experience, younger folks are more open-minded. They tend to be more native in some of these new ways of working.
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Their words
I get really nervous about having different design languages or different types of user interactions and shipping Frankensteins, basically. So, designers need to then be the people we're hiring again for design systems thinking.
+ 1 more
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Their words
So, we are hiring more people who can look across all the business domains and abstract that to here's the building blocks we're going to need in a world with AI.
18 July
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korrents.com
About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out.Their words
You think this is crazy low but ~5% ownership probably the most common final % most VC funded startups will have when they work out, especially when you have a co-founder
17 July
16 July
15 July
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korrents.com
Now is the best time ever to start a small business, thanks to AI making labor essentially free.Their words
There has never been a better time to start a small business.
From one piece An Alternative to Private Equity: Introducing ORANGE JUICE 3 beliefs, in the piece's order there
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korrents.com
Businesses acquired by private equity funds fail more often than average because of the leverage loaded onto them.Their words
Businesses that emerge out of PE funds have higher failure rates than average, thanks to being saddled with a lot of leverage.
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Their words
Privately held businesses in the United States are collectively worth trillions of dollars, and demographically speaking, they have an aging set of owners who are seeking liquidity or diversification as they explore how to pass on what they've built.
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Their words
PE funds optimize for a 4-7 flip and typically resort to aggressive cost-cutting and near-term optimization at the cost of the "soul" of the business or what made it successful in the first place.
14 July
12 July
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Their words
Today's world is becoming tripolar. It is NYT vs CCP vs BTC. That's the American Establishment vs the Communist Party of China vs the Global Internet.
11 July
9 July
From one piece The rise of taste, human authenticity and judgment in an AI world | Adam Mosseri (Head of IG) 2 beliefs, in the piece's order there
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Their words
So you know who who succeeds is a function of whose strengths are aligned with the tools needs and the business's needs.
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Their words
I don't really care if I'm hiring a strong lead for an area if the strategy comes from them or comes from somebody else. I just care that there is a amazing strategy and everyone has bought into it
8 July
7 July
6 July
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Their words
AI is the greatest opportunity any of us has ever seen, or is likely to ever see.
3 July
1 July
From one piece How Kent Beck shapes the software engineering industry 3 beliefs, in the piece's order there
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Their words
Then you had code review which gave you another level of feedback. You could roll out internally more frequently. And everybody was using Facebook for all kinds of stuff, personal and internal business stuff. So whatever feature you developed, people would start using it immediately. So you get another round of feedback. Then we had this phased roll out process where you'd start rolling your stuff out. If there was a problem, the blast radius would be limited to a a few million people.
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korrents.com
Companies protected by high switching costs will see those costs fall to zero, and their profits with them.Their words
Okay. So now we have people who've been able to rely on switching costs to protect their profits and the switching costs just drop to zero. Their profits are going to drop to zero and and some people aren't going to survive that change.
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Their words
So one of the things is that the pace of development is definitely accelerated. One thing I wonder the pace of business hasn't accelerated though and that mismatch is going to become more and more apparent.
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korrents.com
Cheap flat-rate AI subscription pricing is a temporary loss-leader that will be phased out once users are hookedTheir words
The subscriptions to frontier models are a very good deal, but it looks like they are being phased out now that everyone is hooked.
30 June
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Their words
As is the case with most businesses, suppliers in the housing industry generally set prices based on market conditions and what buyers or tenants are willing to pay, rather than on production costs.
Some Things YIMBYs Tend To Get Wrong (and Right)strongtowns.org
28 June
25 June
24 June
From one piece Tech interviews with NeetCode 4 beliefs, in the piece's order there
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korrents.com
When the subsidies behind AI pricing run out, the companies that embraced AI programming will cut back on it.Their words
And even the cost issue with AI is probably going to be like once the subsidies start running out, which we're starting to see, I think that's going to be a really big issue where maybe all these companies that embraced AI programming are now going to like cut back on it.
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Their words
It's an interesting trade-off where like engineer like the engineer in me hates that because it's like there's an issue. Like fix it. But the business value makes no difference. Like there there has been practically zero outages. I have less outages than LeetCode and I'm like like a couple people doing it.
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Their words
I think like in startups the term is agency. Like somebody who's high agency who's just going to get things done, who's never going to like say no to something. I think like that attitude is really important of like okay, if I don't know something, I'll just learn it.
+ 1 more
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Their words
Any process that you have that's going to be standardized and super scalable, there's always going to be ways to game that. And the best way to get around that would be like hire somebody who's who's an intern and you saw how they performed.
21 June
19 June
18 June
From one piece Re-engineering the Semiconductor Supply Chain with Intel CEO Lip Bu Tan 4 beliefs, in the piece's order there
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Their words
And usually I like the customer is hyper scale. They have the scale. If they like what you have, they're willing to pay millions of dollars next few years. And even giving some warrant is worth it because you have a big one customer, you can scale.
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Their words
And eventually, you have to really move into a full stack. So, not just a silicon, you need to have a software, and some of the customer asked me, "Give me the whole rack." So, there's a system that you have to build.
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Their words
And then frankly speaking, I look back nine of the 10 company I invest halfway they change their business plan because market have changed.
+ 1 more
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Their words
It's a service business. It's a trust business. If people want to give you, you know, orders to have wafer to come, if the yield not good, they will be toast in term of revenue miss.
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Their words
Much of active investing is built around publicly available information and a belief in the power of mean reversion, not original research and seeking information.
17 June
15 June
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Likedaffiliate linkrcmnd.app
Dell S2725DS 27-Inch MonitorTheir words
I've been upgrading my home office setup, and these monitors have been part of that upgrade. So far I'm very happy with the picture and color quality of the monitors, and the pricing really wasn't too bad either. Here's the
14 June
From one piece The hidden pattern behind successful products | Mark Pincus (FarmVille, Words with Friends, & more) 4 beliefs, in the piece's order there
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Their words
if you're truly ambitious, burn your resume. If you and if you define your ambition in the eyes of your consumer, not your peers, you're not trying to win awards and respect from your peers.
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Their words
it's to build an internet treasure which is a service we can't remember life before or imagine life without. And I believe as product makers that that's the greatest ambition and the greatest thing that we can offer the world.
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Their words
if if we're if we're too ambitious and we're at the outset and too ambitious and visionary about the product we want to build, then we will probably miss product market fit because we won't start at a small enough humble enough place
+ 1 more
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Their words
in the Peter Teal sense it's almost a moral arbitrage because there's something in our gut as a product you you became a founder an entrepreneur because you wanted to go be an innovator and so it can feel like a beatdown that your path to innovation starts with copying other people's work
13 June
10 June
From one piece “Curing All Disease by next century is too conservative" - Mark Zuckerberg 2 beliefs, in the piece's order there
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korrents.com
This work could have been run as a business; open-sourcing it simply puts the tools in more scientists' hands faster.Their words
I mean it's not actually clear that we couldn't run it as a business if we wanted to. I just think that we'll have a bigger impact by getting this in more scientist hands quicker
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Their words
I think part of the theory is like if you're building tools that are this complicated, you kind of want to have a 10 to 15 year time horizon on on building out these efforts.
9 June
From one piece Mental Models That Change How You Think | Bill Gurley 4 beliefs, in the piece's order there
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Their words
the investor community writ large has slowly become aware of and believes it strongly in increasing returns and power laws. And so over time, if they all believe that, they're going to be more willing to invest on the come and take risk.
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Their words
I think the the whole industry bends towards youth for that reason and because it's a hustle business like there there's there's always a rock you haven't looked under and you know age brings children and homes and and and other requirements you get tied to and responsibilities and you're just not able to go spend 80 hours a week studying YouTube like you just can't.
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korrents.com
Publishing what you know about a field draws the people working in it toward you, so writing becomes a calling card.Their words
in the venture world, for the founder that doesn't know you, when they see your knowledge on a subject or they see what you're talking about in their own business, they reach out to you. So, it becomes a calling card.
+ 1 more
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Their words
I think it is insanely unfair to the companies the way they're forced to go through this process where the bankers pick the price and pick the shareholders. There's just no need to do that. If you took a freshman computer science student and a freshman finance student and said, you know, imagine how a company should go public. They would match supply and demand anonymously like you would in any auction.
7 June
From one piece Tony Fadell: How to build real taste (and why AI makes it matter more) 3 beliefs, in the piece's order there
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korrents.com
Incumbents are unseated by a fundamentally different product, never by better features or better marketing.Their words
I invest in the deep technologies that are going to unseat the incumbents because it's going to change the market or the product in such a dramatic way that customers will choose this.
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korrents.com
Making your customers unhealthy is a short-term gain that ends with having no customers.Their words
Sure, you could have a short-term gain in your customers, but if you make your customers unhealthy, you're not going to have customers.
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Their words
make the product, fix the product after you get customer feedback and then make the business which means make the margins.
6 June
5 June
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Their words
The value of bureaucracies will go down, and the value of founders will go up.
4 June
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Their words
The governed have something the governors need: labor, tax revenue, military service, consumer spending. This dependency is the source of democratic leverage.
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Their words
They just recently released a report, and I think like you really have to squint to see anything happening. Like basically, if you want to take kind of like uh an an approach across the entire economy and looking at even looking at like software engineering, like the most exposed sort of sectors, there's just like not really anything going on. There might be a little bit of a signal about like junior developers getting jobs less than before, and that but that's like a less than before rather than a level shift.
3 June
From one piece Kubernetes and retiring at the top with Kelsey Hightower 3 beliefs, in the piece's order there
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Their words
So launches is we ship the thing, people have a big celebration. I know that doesn't matter as much as the landing. People are actually paying for it.
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Their words
and it turns out people kind of over glorify entrepreneurship. I think a lot of people believe there is tremendous upside, right? the type of entrepreneurship we talk about with software companies, the the upside is crazy. But when you're doing like selling parts or service business, unless you plan to open lots of stores and you know grow a larger employee base, it's not the same growth trajectory as software companies.
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Their words
There have been countries that have gone through currency resets. This is not a nice experience because if you had a little bit of money, a currency reset can mean you have now no money. If you had no money, it may feel like it's impossible to ever get any more money. If you're retired, what do you do during a currency reset?
2 June
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Their words
The way I think of the abyss is it's this place that we go to as founders and entrepreneurs after our thing, after it dies or it's bought or it's over for whatever reason. It's this amorphous place that we are in our life that has no structure.
From one piece Necessary but not sufficient 3 beliefs, in the piece's order there
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Their words
You can build "the hard thing" in a good market, with every advantage, and still lose if what you ship doesn't give people enough reason to leave what they're already using.
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Their words
Most business advice is necessary but not sufficient on its own to achieve success.
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Their words
If you're bootstrapping, you should probably have another source of revenue to sustain you.
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korrents.com
Keyboard buyers increasingly expect switches and keyboards to sound good, not just feel good.Their words
This is something more and more keyboard companies look into, and customers except good sounding keyboards.
1 June
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Their words
The average restaurant in NYC is, at this point, stupidly optimized, backed by wealthy investors, coated in impeccable branding.
Utopia is a particular restaurant in Brooklynsashachapin.substack.com
30 May
27 May
From one piece Building OpenCode with Dax Raad 2 beliefs, in the piece's order there
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Their words
cuz because we rent GPUs at scale to run the models and we still use middleman by the way. So we're not like going all the way down to the down to the floor. Even for us there are some models the sticker price and the cost to us there's like an 80% margin in there.
-
Their words
There's always negative sentiment that exists for any business that's getting hyped. They have no incentive to correct it. Um so again it's complicated because I know the training costs are a big part of it. Uh the R&D department is is hugely expensive but long-term inference makes sense as a business and I think it it always will.
26 May
24 May
From one piece AI predictions: Job markets, Codex beats Claude, and the death of org charts | Dan Shipper 3 beliefs, in the piece's order there
-
korrents.com
SaaS stocks are a buy right now.Their words
So, this is another good prediction. I would buy SAS stocks right now.
-
Their words
When I run the agent on that website, I'm using my tokens. I'm not using the the vendor's tokens. I'm not using the app's tokens.
-
Their words
And I think that what agents do is increase the number of users of SAS. Not get rid of it.
22 May
17 May
15 May
14 May
10 May
-
Their words
Execution is only as good as the goal and the verification you give it. Ambition without verification is just a wish.
From one piece How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries 5 beliefs, in the piece's order there
-
korrents.com
Trustworthiness is the most underrated asset in business, and prioritizing by ROI always ranks it last.Their words
Trustworthiness is the most underrated asset in all of business. And the things that create trustworthiness by definition stack rank to the bottom if we do it by ROI because doing the right thing has intangible rewards but tangible costs.
-
Their words
It doesn't guarantee that you're the good guys. Okay? Just writing it down doesn't do that much. But it does solve one very specific problem, which is if someone one day sues you saying you breached your fiduciary duty to investors, you could say, "Nope, investors agreed that this is our purpose to do this thing.
-
Their words
According to Harvard Law School, among venturebacked companies that have the standard best practices set up that you got from your lawyer, okay, only 20% of founders are still the CEO 3 years after going public.
+ 2 more
-
korrents.com
The corporate best practices lawyers and bankers push on founders are younger than the trees in the local park.Their words
so many of the best practices that your lawyers, your bankers, whoever advisers you have, they're going to be pushing best practices on you that are younger than the trees in your local park.
-
Their words
I call it the force that no one controls but everyone obeys that tends to drag organizations down into mediocrity to the point that we lose control of them. Now, sometimes we lose control of them because we get fired.
7 May
5 May
4 May
2 May
1 May
29 April
26 April
From one piece How to win when software is not a moat | Evan Spiegel (Snapchat CEO) 3 beliefs, in the piece's order there
-
korrents.com
A platform of creators and developers is a durable moat, because an ecosystem, unlike a feature, cannot be cloned.Their words
the more that we could build a platform uh around our business, the more that we could build an ecosystem with creators and developers, the harder it would be for folks uh to to just copy that.
-
Their words
I would say uh, you have to talk to customers. You have to share your idea. You should share your ideas quickly as possible, as frequently as possible. Uh, it doesn't mean you need to take people's advice or feedback, but it's really important, I think, to listen.
-
korrents.com
Listening to customers is invaluable, but you should not build the thing they asked you for.Their words
All of those insights that we you know, received just from listening to folks made a huge difference in the product design process, but we didn't build exactly what they asked for. We we empathized and then you know, came up with something new.
24 April
22 April
From one piece Designing Data-intensive Applications with Martin Kleppmann 3 beliefs, in the piece's order there
-
Their words
And so, the goal of this chapter is really just to give people the information in order to make an educated decision. But I don't want to make that decision for people. That's for businesses themselves to decide.
-
Their words
You're building higher-level business logic, actually I think it's just fine for people not to care about memory management.
-
Their words
software as a service businesses, for example the whole reason why they can charge a subscription is because they are able to essentially hold a gun to the customer's head and say, "Pay us at your subscription, otherwise we will delete all your data."
20 April
-
Recommendsrcmnd.app
IncorruptibleTheir words
The Lean Startup helps you build a valuable company. Incorruptible is about how and why to protect it, keeping a company mission-driven over the long term instead of letting it rot from the inside.
15 April
-
Their words
Nor nor did I I would say my mistake is I didn't deeply internalize that they they really had no other options that that that a VC would never put in 510 billion of investment into an AI lab with the with the hopes of it turning out to be anthropic. And so that was my miss.
-
Their words
The link between venture capital and evangelical Christianity was closer than I thought. They're not just analogous; they deliberately cross-pollinate.
Church Planting: Lessons from the Commentsacesounderglass.com
14 April
13 April
-
Their words
Most people hear that story and think: he must have lacked talent, or commitment. I don’t think that’s the right conclusion. I think he was never taught how second language acquisition actually works, and so he spent hundreds of hours doing the wrong things.
8 April
-
Their words, before
I know this from experience because I've been trying to build a lot of other businesses since. And some of them have been moderate successes, even good successes, none of them have been Basecamp. It's really difficult to do that twice.
Their words now
And I have no shame in saying that Base Camp was the best idea objectively in terms of a business that we've ever had.
6 April
3 April
-
Their words
the likelihood of inspiring someone to build a competitor was too high, and the return on sharing was too low to justify the exposure. That threshold has effectively collapsed to zero.
The Increasing Risk of Building in Publicthebootstrappedfounder.com
1 April
From one piece Scaling Uber with Thuan Pham (Uber's first CTO) 5 beliefs, in the piece's order there
-
Their words
No new feature necessary. Just make sure that we can do that. And then that allow the business the company to just pour a whole bunch of hardware behind that and it will scale.
-
Their words
There has to be sound business model that makes sustained profit, right? Growth and profit. Growth alone eventually burn, you know, money and that's not good.
-
Their words
There may be a lot of AI things that's going on right now, right? Uh eventually some of these things will consolidate, some will go under, some will become really awesome solutions and all that stuff. And so, but the the market will sort it out.
+ 2 more
-
Their words
the best of the best still get offer from us because if we don't hire those folks today, what senior engineer will we have for yeah years from now, right? You have to feed the talent pipeline
-
Their words
had we freeze time, that piece of code could be decomposed in a matter of 3 to 6 months. But it took us 2 years to do that because as we peel out a piece of code, the business keep on going forward, right?
26 March
-
Their words
The reason companies pay for design is to get customers to buy more and users to look at more advertisements.
24 March
22 March
-
korrents.com
Delivery will keep being slow until companies apply AI to the human, business-process half of it, not just to coding.Their words
a lot of companies haven't started until now thinking about how we could apply AI to the very human, very business process part of it. And so, that will keep slowing us down until we find a way to to address it, right?
20 March
From one piece AI Liability: The Landmines Under Your SaaS 2 beliefs, in the piece's order there
-
korrents.com
A business, not its AI vendor, bears legal responsibility when an integrated AI tool causes harm to a customer.Their words
If you have a customer chatbot and it causes damage, it's not the chatbot company that's responsible. It's you.
AI Liability: The Landmines Under Your SaaSthebootstrappedfounder.com
-
korrents.com
The durable competitive moat in an AI-driven business is proprietary human-originated data, not the AI itself.Their words
The competitive moat for a business right now is not the use of AI. It's human-originating, high-quality, high-fidelity data that other systems can't replicate - even if they implement the exact same features and are built by the same agentic systems.
AI Liability: The Landmines Under Your SaaSthebootstrappedfounder.com
14 March
13 March
From one piece Dylan Patel — The single biggest bottleneck to scaling AI compute 5 beliefs, in the piece's order there
-
korrents.com
TSMC would rather give wafers to a slow, stable CPU business than to its fastest-growing AI customer.Their words
TSMC is much more excited to give allocation to Graviton than they are to tranium because they view CPU business as more stable long-term growth right and as a company that is conservative and doesn't want to ride cycles of growth too hard you actually want to allocate to the uh the market that is more stable and lower growth rate first before you allocate all the incremental capacity to the fast growth rate market.
-
Their words
if improvement stopped you know here the value of an H100 is now predicated on the value that GPD 5.4 four can get out of it instead of the value that GP4 can get out of it and the margins and all that stuff that these labs are doing and they're in a competitive environment so their margins can't go to infinity. Um so you sort of have this like dynamic that is quite interesting in that an H100 is worth more today than it was 3 years ago.
-
Their words
Um DRAM gets released goes to AI chips who are willing to do longer term contracts, willing to pay higher margins, etc., etc. because at the end of the day, the margin that they extract is much larger from the end user or whatever. Um, and so this this this probably leads to like people hating AI even more, right?
+ 2 more
-
korrents.com
TSMC will never throw Apple off its leading node; Apple will simply stop mattering enough for TSMC to cater to it.Their words
and so I don't think TSMC would kick out Apple. I think Apple will become a smaller and smaller and smaller percentage of TSMC's revenue and therefore be less relevant for TSMC to cater to their demands.
-
Their words
Um I think at least this year we're going to see margins for the model vendors go up a lot, right? Because they're so capacity constrained, they have to demand destroy demand, right? there is there's no way they can continue anthropic can continue at the current pace without destroying demand.
From one piece Data Is the Only Moat 2 beliefs, in the piece's order there
-
Their words
Making your software business an API-first business is probably one of the smartest things you can do today.
-
Their words
If you run a software business that is purely transformative - that takes incoming data, does something to it, and turns the data back out - that will be a problem.
12 March
11 March
From one piece From IDEs to AI Agents with Steve Yegge 3 beliefs, in the piece's order there
-
Their words
Because they're all starting to spend their own salaries in tokens. And so, at least for a while, if you want your engineers to be as productive as possible, you're going to have to get rid of half of them to make the other half maximally productive.
-
Their words
I'm mad at Amazon for laying off 16,000 people and blaming AI without an AI strategy for it. Those people are not going to be able to find jobs, by and large, and they're the first of many to come and nobody has a plan for this.
-
Their words
My my feeling is that probably people have a low tolerance for non-determinism. And these things are fundamentally non-deterministic. So, they can't just go replace customer call center software because they they could be wrong.
-
Their words
I don’t think executives who take off and work 40-hour weeks should be telling anybody to stay late. I think that’s wrong and immoral. But to me as an individual, as long as I’m not telling other people to do it, my life’s work is my passion and I want to do it as much as possible.
8 March
28 February
27 February
25 February
24 February
-
Their words
Revenue from the Trump tariffs, even pre-Court, wasn’t enough to make a large dent in the deficit.
22 February
18 February
16 February
From one piece Take a hard game, and make it shorter 2 beliefs, in the piece's order there
-
korrents.com
Shrinking attention spans are reshaping real-world business models, not just digital media formats.Their words
You may be less aware that this is affecting real world business models.
-
Their words
It's interesting that the Shorter hobby businesses all draft off superstars in the legacy hobby, but make their vast majority of their money from people who will of course never come close to the level superstars - you'd still go to pickleball and talk Nadal vs Federer, you'd still go to Top Golf and make Tiger Woods jokes.
13 February
From one piece Dario Amodei — “We are near the end of the exponential” 5 beliefs, in the piece's order there
-
Their words
but at the same time, we're spending $10 billion to train the next model because there's an exponential scale up. And so the company loses money. Each model makes money, but the company loses money.
-
Their words
And if my if my revenue is not a trillion dollars, if it's even 800 billion, there's no force on Earth. There's there's no hedge on Earth that could stop me from going bankrupt if I if I buy that much compute.
-
Their words
does that mean the robotics industry will also be generating trillions of dollars of revenue? My answer there is yes, but there will be the same extremely fast but not infinitely fast diffusion. So, will robotics be be revolutionized? Yeah, maybe tack on another year or two.
+ 2 more
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korrents.com
Not every token is worth the same amount, so AI will be sold by results and by the hour as well as by the token.Their words
so so I think we're definitely going to see business models that that recognize that, you know, at some point we're going to see, you know, pay for results or you you know, in some in some form or we may see forms of compensation that are like labor. Um, uh you know, that that kind of work by the hour.
-
Their words
a worry I have is that the growth rate could be like 50% in Silicon Valley and, you know, parts of the world that are kind of socially connected to Silicon Valley and, you know, not that much faster than its current pace elsewhere. And I think that'd be a pretty messed up world.
12 February
-
Their words
The stuff that burned me out was mostly people stuff. I, I don't think burnout is working too much. Maybe to a degree. Everybody's different.
From one piece Speed Can Reindustrialize America 2 beliefs, in the piece's order there
-
korrents.com
Reviving American manufacturing needs a better business model rather than a planned economy.Their words
Reviving manufacturing doesn't require a planned economy, just a better business model.
-
Their words
It has a surplus of STEM graduates that are often underemployed, while "Hukou" residency restrictions complicate hiring hourly labor in coastal factories.
10 February
-
Their words
The economics of orbital “datacenters” or essentially glorified Starlink satellites with a bunch of GPUs attached are likely to be even better than Starlink.
Space AI: I guess we’re doing Moon factories nowcaseyhandmer.wordpress.com
7 February
6 February
4 February
29 January
27 January
25 January
From one piece The surprising advice from a founder who built 2 unicorns | Jason Cohen (WP Engine) 5 beliefs, in the piece's order there
-
Their words
there should be no way to get a big company like a public SAS company Unless NR is greater than 100, like otherwise cancellation should just win. And that is in fact the case.
-
Their words
the the largest point is pricing is not just the number on the page. It's positioning. It's how their budgets work. It's how it's structured.
-
Their words
And that is never ever ever the reason. How do I know? Because they already looked at your homepage, read all the stuff, saw what you promised, looked at the pricing page, and decided to buy it.
+ 2 more
-
Their words
When you have a loss, a percentage loss, you have to have a greater percentage gain just to get back to where you were. In this case, a loss of 20% requires a gain of 25% to get back to where you were.
-
Their words
But what we could do is maximize profit instead of revenue now. We've been maximizing revenue, but maybe we maximize profit instead.
19 January
9 January
7 January
-
Lovedaffiliate linkrcmnd.app
Continuous Discovery HabitsTheir words
Teresa Torres is the best in the business at helping teams build products and services that their customers want. Here she shares her techniques for transforming your process into one of continuous discovery and learning.
-
Lovedaffiliate linkrcmnd.app
The Innovator's DilemmaTheir words
The most important business and product management book of the past fifty years. If you’re a technology PM and you haven’t read Christensen, do so right now.
-
Recommendsaffiliate linkrcmnd.app
Listen Like You Mean It: Reclaiming the Lost Art of True ConnectionTheir words
Listening is one of the most important product management skills. Learn how to connect to customers, co-workers, and team members with this beautifully illustrated and accessible book.
+ 2 more
-
Recommendsaffiliate linkrcmnd.app
Escaping the Build TrapTheir words
Melissa Perri explains how laying the foundation for great product management can help companies solve real customer problems while achieving business goals. By understanding how to communicate and collaborate within a company structure, you can create a product culture that benefits both the business and the customer.
-
Lovedaffiliate linkrcmnd.app
Inspired: How to Create Tech Products Customers LoveTheir words
If you could only read one book on product management, this would be it. Marty has had a long and storied product management career, and is the founder of Silicon Valley Product Group.
5 January
2 January
1 January
From one piece Predictions Scorecard, 2026 January 01 2 beliefs, in the piece's order there
-
Their words
Systems which do require remote operations assistance to get full reliability cut into that economic advantage and have a higher burden on their ROI calculations to make a business case for their adoption and therefore their time horizon to scaling across geographies.
-
Their words
As with self driving cars, most of the early players in humanoid robots, will quietly shut up shop and disappear. Those that remain will pivot and redefine what they are doing, without renaming it, to something more achievable and with, finally, plausible business cases.
From one piece We replaced our sales team with 20 AI agents—here's what happened next | Jason Lemkin (SaaStr) 3 beliefs, in the piece's order there
-
Their words
With AI, he's trying he's targeting 3 to five million in revenue per rep. 3 to 5 million. Honestly, if this was three or four years ago for a similar company, it would be 3 to 500K. That's an order of magnitude more efficiency.
-
Their words
We do more work with AI. I'm working the hardest I've ever worked.
-
Their words
Net net, we're going to need more sales and go to market professionals than ever because the winners are growing so quickly that even if they're more efficient, they will need more human beings than ever.
28 December 2025
-
Likedrcmnd.app
Jurassic ParkTheir words
Jurassic Park by Michael Crichton is a surprisingly weird and weirdly underrated novel given how many copies it sold and the popularity of the blockbuster franchise it spawned. The story weaves together many apparently disparate threads and there are extensive speculative digressions into the biotechnology, business interests, and institutional dynamics that make the park possible and its dissolution inevitable. If the movie is supremely entertaining, the book is supremely thought-provoking.
21 December 2025
-
Likedaffiliate linkrcmnd.app
Lorne: The Man Who Invented Saturday Night LiveTheir words
Come for the stories about one of the msot storied franshises in entertainment history. Stay for the business and leadership lessons from Lorne Michaels.
16 December 2025
-
Likedrcmnd.app
The Secret of Our SuccessTheir words
Not every plank in his argument is convincing, and the research has evolved since the book first came out a decade ago, but the ambition is impressive and the framework holds up.
15 December 2025
-
Their words
I see no evidence that I'm dragging people along with me. I feel like each each book feels like another startup and that I've got to go out and make it happen almost as if I've not written one.
10 December 2025
-
Their words
In short, investors' view of the decade to come is being shaped by the events of the last few days.
-
Their words
In form and tone it resembles a business class airport book—and this comparison is insulting to the airport paperbacks.
9 December 2025
-
Their words
When you allow tech bros too much power over decision-making along with their running dog lackey in kind of management consultancy, you're optimizing for something which may be very very distant from what your real world customers really care about.
-
Their words
There can be no way to participate fully in the potential benefits from the new technology without being exposed to the losses that will arise if the enthusiasm and thus investors’ behavior prove to have been excessive.
7 December 2025
5 December 2025
3 December 2025
From one piece Trillion Dollar Market Caps: Fairy Tale Pricing or Business Marvels? 3 beliefs, in the piece's order there
-
korrents.com
The revenue growth and margins needed to justify Nvidia’s and OpenAI’s late-2025 pricing are improbable.Their words
I think that the pathway that you would need (in terms of revenue growth and profitability) to justify Nvidia's and OpenAI's current pricing is improbable, but that is just my view
-
Their words
If you are an investor who considers any highly priced company to be overvalued, I hope that this post leads you to reconsider.
-
Their words
the delusion comes from the reality that if you aggregated these breakeven revenues across companies, the market is not big enough to sustain all of them
28 November 2025
-
Lovedaffiliate linkrcmnd.app
PimsleurTheir words
For language acquisition, Pimsleur is by far my favorite online/app program. (Even Mr. Mari, who gathers no joy from learning languages, was addicted to it for a while!)
25 November 2025
-
Likedrcmnd.app
Who KnewTheir words
This part of Who Knew is raw and honest in a way most business memoirs usually aren’t.
21 November 2025
-
Their words
If you are in regular meetings with a hardware vendor as a customer (or potential customer) you can accomplish a lot by providing firm and tough feedback, particularly with Intel today.
12 November 2025
From one piece Satya Nadella – How Microsoft thinks about AGI 4 beliefs, in the piece's order there
-
Their words
we didn't want to just be a host for one company uh and have just a massive book of business with one customer that that's not a business right
-
Their words
So this AI thing will be that right. So if you take coding um what we built with GitHub and VS code in over whatever decades uh suddenly the coding assistant is that big in one year and so that I think is what's going to happen as well which is the market expands massively.
-
korrents.com
The per-user software business becomes a per-agent business, and it grows faster than the number of users.Their words
which I think is going to just keep growing because guess what it's going to grow faster than the number of users. So in fact that's kind of one of the other questions people ask me is hey what happens to the per user business at least the early signs may be the way to think about the per user business is not just per user it's per agent
+ 1 more
-
korrents.com
Microsoft's end-user tools business will become an infrastructure business in support of agents doing the work.Their words
In fact, I kind of look at it and say our business which today is an enduser tools business will become essentially an infrastructure business in support of agents doing work.
10 November 2025
8 November 2025
31 October 2025
-
Their words
So you have to be, in your mind, you’re spending large amounts of someone else’s money. You have to try and make it back for them. But at the same time, my argument with myself was, well, if we… The way to make it back is try and make something great. So both pressures are pointing in the same direction.
26 October 2025
25 October 2025
From one piece A note on tariffs from the real world 2 beliefs, in the piece's order there
-
Their words
I suspect higher prices make people leave more quickly than lower prices make them come.
-
korrents.com
Businesses raise prices only when their accounts force them to, not when they can see the cost coming.Their words
Business only raise prices when accounting losses force them to do so.
22 October 2025
-
korrents.com
A company's quality is bounded by its team's quality, and a team's quality is bounded by its founders.Their words
We believe that a company is only as good as its team, and a team is only as good as its founders.
17 October 2025
From one piece Andrej Karpathy — “We’re summoning ghosts, not building animals” 2 beliefs, in the piece's order there
-
Their words
I do, but it's business as usual because we're we're in an intelligence explosion already and have been for decades. And when you look at GDP, it's basically the GDP curve that is an exponential weighted sum over so many aspects of the industry. Everything is gradually being automated has been for hundreds of years.
-
Their words
And I kind of feel like the industry it's it's um it's over it's it's making too big of a jump and it's trying to pretend like this is amazing and it's not. It's slop and I think they're not coming to terms with it and maybe they're trying to fund raise or something like that.
12 October 2025
11 October 2025
-
korrents.com
A data centre earns its county far more tax revenue per gallon of water than a golf course does.Their words
Data centers are so much more efficient with their water that they generate 50x as much tax revenue per unit of water used than golf courses in the county:
10 October 2025
7 October 2025
-
Their words
I suspect per-seat pricing for a tool like Slack is going to be hard to defend.
5 October 2025
From one piece Finding hidden growth opportunities in your product | Albert Cheng (Duolingo, Grammarly, Chess.com) 4 beliefs, in the piece's order there
-
Their words
Yeah, I mean user retention is gold for consumer subscription companies. If you don't retain your users, then a lot of the onus is on getting them to pay on like day one. That's super hard, right?
-
Their words
So as opposed to going against I guess human intuition and trying to get them to share stuff that they otherwise wouldn't on the margins want to share like lean into it more actually like grab the moments where users are already organically screenshotting and make those much much much better and you can kind of 5x or 10x and and drive a lot of growth that way too.
-
Their words
And the third one is like we did a lot of actually PR uh prior to the service going out just to get the word out. Um and you know PR has has its time and place. Uh but I think doing it before you have validation that customers definitely want the thing is quite risky. It can lead to a lot of sunk cost uh once you get it out because you're you're just you know you need to see it through.
+ 1 more
-
Their words
I think if you have especially a B2B feature where you may have some lock in reverse trials can be super powerful. You just want to get people in there. You don't need to ask for their credit card because they're using your CRM or they're investing quite a lot of time in like building out, you know, material and content. And so by the time that window drops, you actually like feel, oh man, I probably should keep this and and start paying. I think for a lot of consumer products, it's a little bit harder for that to work. And so I've typically seen more just normal free trials be be the norm.
30 September 2025
-
Their words
So premium is one source of our revenue. We also have ads, but they're context-based, not targeted. Of course, we leave probably 80% of value on the table because we're not ready to engage in all this practices, exploiting personal data.
-
korrents.com
Arresting Pavel Durov was a historic wrong and a gigantic PR mistake that will keep founders from building in France.Their words
I think this situation, this historic wrong that’s been done is, put simply, is just a gigantic PR mistake for France. There’s no entrepreneur that sees, that aspires to be the next Pavel Durov to create the next Telegram, sees this and wants to operate in France after seeing this.
27 September 2025
25 September 2025
21 September 2025
-
Their words
It's easier to even predict whether growth will slow down at a certain point. it's easier to catch these trends earlier. If you don't have good observability over how your business runs and what the company's um key levers are, then you will be scrambling.
18 September 2025
-
Their words
I I think most companies play too much with pricing all the time. It's like it just like causes all these problems with data and like it makes it hard to predict and then suddenly you you do you AB test discounts and then you cheapen the product because now people are just going to wait for the next discount
17 September 2025
16 September 2025
12 September 2025
-
Their words
And I think we'll see the same thing with automation where uh basically robot plus human is much better than just human or just robot. Uh and and that just like makes total sense. It also makes it much easier to get all the technology bootstrapped because when it's robot plus human, now there's a lot more potential for the robot to like actually learn on the job, acquire new skills.
4 September 2025
-
Their words, before
There are obvious pricing problems in this scenario. With a new fab, a company can’t turn a profit selling a lagging-edge chip at the price that was previously dictated by a fully depreciated fab. Prices have to go up.
Their words now
The COVID super-cycle, plus a new China supply line that does not care about capacity economics, points to a forever glut.
2 September 2025
-
Their words
But once you actually have a sophisticated industrial economy, central planning can't handle the complexity. And so you try and create incentives and structures around that while not having pricing and that just doesn't work.
1 September 2025
From one piece Thoughts on (Amazonian) Leadership 2 beliefs, in the piece's order there
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korrents.com
Listening to customers is invaluable, but you should not build the thing they asked you for.Their words
Customer Obsession is great, but I often see Amazonians taking this too simplistically: "Start with the customer" doesn't have to mean "ask customers what they want and then give them faster horses".
-
korrents.com
Shipping a half-baked product permanently damages customer trust, even after it is later fixed.Their words
When AWS ships a service which is half-baked, it diminishes customer trust in AWS as a whole; even if the problems in that service ultimately get corrected (either by fixing them or in some cases by simply getting rid of a service which should never have existed in the first place) the memory of a failed launch will live on in customers' minds for years to come.
26 August 2025
20 August 2025
18 August 2025
From one piece How is AI Different Than Other Technology Waves? (With Bret Taylor and Clay Bavor) [ACQ2] 3 beliefs, in the piece's order there
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Their words
We can have a breakthrough in our agent architecture on Monday implemented on Tuesday and have it deployed with hundreds of our customers on Wednesday and directly see the impact of of that work.
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Their words
And in contrast to software as a service or software you'd buy off a shelf at, you know, Fry Electronics, you know, decades ago, which might help you be marginally more productive, help you get a job done. Agents, in contrast, are actually getting the job done for you. And so you're in essence hiring software to accomplish a task and get it done well.
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Their words
And the reason this is important is what we're trying to do in a way is resolve this age-old tension between the cost and quality of customer experience where I think every great business wants to deliver an amazing experience to their customers. But unless you're like Hermes or the Four Seasons, it's too expensive to do.
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Their words
I mean I've heard from multiple investors that foundation models are the fastest deteriorating asset of all time. And so if step one of your business is to burn through tens of millions or hundreds of millions of dollars of capital before you find product market fit and that asset has value for like a a week, I'm not sure it's like a great business model.
17 August 2025
15 August 2025
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Their words
so the mainstream view would say, well, China has cheaper labor, which is no longer true, uh, say compared to Mexico, and it's got lower environmental regulations, uh, which is true, and that it is more businessfriendly, which is absolutely crazy.
13 August 2025
From one piece Open Banking and payments competition 2 beliefs, in the piece's order there
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Their words
But cards are not and cannot be the last word in payments.
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korrents.com
Letting banks ruin the economics of businesses they dislike by demand letter will inevitably be abused.Their words
We should not allow banks to get into the habit of sending demand letters to ruin the economics of businesses they simply do not like.
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Their words
In the US, capital controls politics, one could argue. In China, it has to be the other way around. Capital must be reigned in by politics. As part of the capitalist class, do not have the ambition to exceed the powers of the political class, is really at the core of it, I’d say, is the biggest difference between US and China.
7 August 2025
2 August 2025
27 July 2025
19 July 2025
18 July 2025
17 July 2025
16 July 2025
From one piece The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bank 5 beliefs, in the piece's order there
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Their words
So you if you look at the leverage in some of these securitization books and mortgage books if you have 30 times leverage and you're getting 20% of the profits you'll go to 40 times leverage. It's just going to it's literally will add you know 25% to your bonus.
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Their words
the fortress balance sheet is that you run a company serving clients well, you have good margins, good liquidity, good capital. I'm as conservative in accounting as you can find. I don't up-front profits when I can spread them over time.
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Their words
we can cut billions of dollars of marketing out tomorrow. We can stop opening branches and save a billion dollars next year. We could do a lot of things. Your margins will go up. Your growth will go down. Your long-term margins will probably get worse.
+ 2 more
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Their words
A lot of our middle market clients use investment banking products. A lot of our consumer clients use some effects. So, all of our businesses feed each other. There's no extraneous. We got rid of everything that didn't fit a strategy.
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Their words
I've always been very risk-conscious. And risk-conscious does not mean getting rid of risk. It means properly pricing it and understanding the potential outcomes.
23 June 2025
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Lovedrcmnd.app
Fever Pitch: A Novel About Selling Your Vision, Raising Venture Capital, and Launching Your StartupTheir words
was delightful!
21 June 2025
18 June 2025
11 June 2025
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Their words
From my experience, a lot of company culture is downstream from profit margins.
9 June 2025
4 June 2025
2 June 2025
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Their words
I had always thought that all "Intelligent Investing" is "Value Investing". And that true value is always sustainable. In otherh words, "All Intelligent Finance is Sustainable Finance."
30 May 2025
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Their words
Personally, I wouldn't use Robinhood. This is more of a platform designed for traders.
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korrents.com
AI-enhanced access to information makes copying top investors' strategies smarter than ever before.Their words
There is more access to information than ever before. And that access is only enhanced by AI. Times could not be better for shameless cloners.
28 May 2025
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Their words
Assuming you are still hiring junior engineers (you really should be even in this AI era), the good ones will learn quickly and want to see career progress in their first few years of working.
24 May 2025
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Their words
He might have amazing attention to detail, he might be able to understand, have an enormous capacity to remember units and where they are on a map, but he was only a half corporal in the First World war. He’s never been to staff college.
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Recommendsaffiliate linkrcmnd.app
The No Asshole RuleTheir words
The No Asshole Rule - Robert I. Sutton (Business Plus, 2010)
21 May 2025
From one piece The Era Of The Business Idiot 2 beliefs, in the piece's order there
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korrents.com
Once shareholder value is the only goal, nothing else — the customer, the product, the workplace — is anybody’s job.Their words
When you care only about shareholder value, the only job you have is to promote further exploitation and dominance — not to have happy customers, not to make your company "a good place to work," not to make a good product, not to make a difference or contribute to anything other than further growth.
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Their words
the definition of a “good business” has changed from one that makes good products at a fair price to a sustainable and loyal market, to one that can display the most stock price growth from quarter to quarter.
20 May 2025
14 May 2025
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korrents.com
When you start a business, you get to make all the rules and decide how things should work without following norms.Their words
So the idea is when you start a business, you get to make all the rules now. You can, like in this little part of the world, you get to decide how things should work. You don't have to follow norms.
30 April 2025
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korrents.com
Running an app store costs about 6% of revenue, so charging 30% is something only a monopoly can do.Their words
The all-in cost of operating the Google Play Store, stocking it, maintaining it, the software, the entire ecosystem is around 6% of revenue. So in a competitive market, would a company whose cost is 6% be able to charge 30%? Absolutely not.
29 April 2025
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korrents.com
Payroll taxes fall mostly on workers rather than employers because labor supply is inelastic.Their words
Employer-side payroll taxes superficially raise hiring costs, yet the low elasticity of labor means most of the burden really falls on workers.
22 April 2025
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Recommendsrcmnd.app
Venture Adventure: Startup Fundraising Advice from Top Global InvestorsTheir words
both of which I recommend
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Recommendsrcmnd.app
Ecosystem Arabia: The Making of a New EconomyTheir words
I have written forewords for Amir in the past on two of his prior books, Ecosystem Arabia: The Making of a New Economy and Venture Adventure: Startup Fundraising Advice from Top Global Investors, both of which I recommend.
12 April 2025
10 April 2025
6 April 2025
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korrents.com
Uncertainty about how long a tariff will last, not the rate itself, is what stops anyone from building a factory.Their words
The tariffs have frozen business activity because no one wants to take a big risk dependent on a policy that may change next week.
4 April 2025
2 April 2025
26 March 2025
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Usesrcmnd.app
Apple Airpods ProTheir words
Music, Podcasts, Business calls, and everything else
25 March 2025
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Their words
When I have conversations with breached companies, my messaging is crystal clear: be transparent and expeditious in your reporting of the incident and prioritise communicating with your customers.
23 March 2025
From one piece Superhuman's secret to success | Rahul Vohra (CEO and founder) 5 beliefs, in the piece's order there
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Their words
I always say the same thing when it comes to pricing, which is before you figure out pricing, you must first figure out positioning.
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Their words
Well, I strongly believe that we should make business software like we make games because when we make products like we make games, people find them fun. They tell their friends. They fall in love with them.
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Their words
And that's why when you have a missionritical product like email where you are interfacing with customers with candidates with investors it turns out to really matter. Email is mission critical. So it's not something where you can simply launch with a halfbaked product.
+ 2 more
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Their words
I knew that our competition was not going to be startups. It was incumbents. And I also knew that incumbents generally struggle with speed because by definition they have massive scale and usually entrenched architecture.
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Their words
But the price point that supports our best-in-class best-in- position is actually the third one. it starts to feel expensive, but then you sit down and you think about the time that you spend in email, the ROI, and you still buy it anyway.
21 March 2025
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Recommendsrcmnd.app
Tiny Experiments: How to Live Freely in a Goal-Obsessed WorldTheir words
A more how-to pragmatic version of carving your own path. Includes some personal story of reinvention but more on experimentation that challenges our default scripts of success and ambition.
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Recommendstheir ownrcmnd.app
Good Work: Reclaiming Your Inner AmbitionTheir words
A personal exploration of how to reclaim that fire inside of you and steer it toward your 'good work' while still being true to yourself.
13 March 2025
6 March 2025
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Their words
Making ultra cheap products requires different rules and strategy.
12 February 2025
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Recommendsaffiliate linkrcmnd.app
VanguardTheir words
For most of my investing life, Vanguard was THE one-stop shop for index funds of all types. They have the lowest expense ratio and the utmost respect for their customers.
3 February 2025
From one piece DeepSeek, China, OpenAI, NVIDIA, xAI, TSMC, Stargate, and AI Megaclusters | Lex Fridman Podcast #459 2 beliefs, in the piece's order there
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Their words
I think that they're trying to shift the narrative. They're trying to protect themselves. We saw this years ago when ByteDance was actually banned from some OpenAI APIs for training on outputs. There's other AI startups that most people, if you're in the AI culture, were like they just told us they trained on OpenAI outputs and they never got banned.
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Their words
The short-term that company that could make the most money is the one that figures out what advertising targeting method works for language model generations.
29 January 2025
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Their words
Where housing costs are moderate, friends and family have bigger homes. When they are higher, friends and family don’t have space to share, and this is often what puts a vulnerable person onto the streets.
20 January 2025
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korrents.com
A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.Their words
Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.
19 January 2025
From one piece 10 growth tactics that never work | Elena Verna (Amplitude, Miro, Dropbox, SurveyMonkey) 5 beliefs, in the piece's order there
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Their words
Focusing on these earned channels that you own becomes the utmost priority. And if you don't have them on your growth road map, you're going to be in some really big trouble over the next year to two years because your cost of acquisition is only going to go up.
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Their words
An algorithm can give it, but algorithm can also take it away at any point and you have no control because you don't own those channels.
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korrents.com
A startup does not need a growth team to start growing, because the first wave of growth has to be founder-led.Their words
I really believe that the founder led growth is not being popularized enough that you do not need growth teams until you actually can start running experiments on your user base
+ 2 more
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Their words
But to ever promise a homepage redesign or marketing site redesign in order to drive more acquisition is a failed promise that is going to be led by lots of agency money spending, uh often a million dollars plus
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Their words
If you have the overall business slowing down, your head of growth is destined to fail because the reason business is slowing down is much deeper than not having a growth team.
17 December 2024
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On changing their mind
I used to cast a much wider net, like I felt like people ought to get to interview anyone who was being hired over them.
From one piece “Founder Mode” and the Art of Mythmaking 2 beliefs, in the piece's order there
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Their words
You should ALWAYS have as few employees as possible. Always. Hiring more people should never be the first lever you reach for, it’s what you do after exhausting your other options.
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Their words
Can you be calibrated as an interviewer on every single opening, for every role? My God, no, not even close.
16 December 2024
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Usesrcmnd.app
HBR IdeaCastTheir words
an episode per week on a management topic featured in Harvard Business Review.
9 December 2024
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korrents.com
Nic Carter correctly identified the product behind the FDIC’s redacted crypto pause letters.Their words
I think Carter is very likely (90%+) correct with respect to identifying the subject of these letters.
21 November 2024
18 November 2024
6 November 2024
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Lovedrcmnd.app
Designing for PeopleTheir words
Memoirs of one of the founders of industrial design.
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Lovedrcmnd.app
Dijkstra archiveTheir words
Collected writings of one of the founders of computer science.
18 October 2024
14 October 2024
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korrents.com
Building a business on open source is a good thing; the objection is to trademark abuse, not to commercial use.Their words
I think it’s fantastic when businesses are built on open source, the WordPress ecosystem is at least 10B+ a year; Automattic and WP Engine are less than 5% of that.
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Their words, before
My suggested approach would be more capital intensive while retaining a lot of risk until fairly late in development. I am not sure it’s fundable.
Their words now
Cargo airship margins, therefore, can be much higher than I had realized.
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Their words
Many software investors eschew hard tech startups because of their capital intensity, but it’s hard to deny that huge returns are possible in hard tech: just consider SpaceX.
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korrents.com
There are few clear-cut cases in biopharma today where buying an AI system is obviously worth it.Their words
At the moment, there are in fact not very many slam-dunk gotta-get-me-some-of-that-AI decisions out there in our business.
10 October 2024
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Likedrcmnd.app
The Invention of the Jewish PeopleTheir words
Fascinating subject. Countries are made of stories. Kings didn’t need their subjects to agree, but nations do. So to build a nation, they need to make a story that helps people feel a shared identity, nationalism, and what distinguishes them from their neighbors. Back-creating a history. Founders of Israel did this brilliantly.
7 October 2024
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Mixed onrcmnd.app
The Social NetworkTheir words
The Social Network is substantially made up, more a source for vibes rather than a source for facts. Even the vibes fail to cohere with reality. And yet it convinced many proto-founders to put in YC applications.
26 September 2024
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Their words
This isn’t a money grab: it’s an expectation that any business making hundreds of millions of dollars off of an open source project ought to give back, and if they don’t, then they can’t use its trademarks.
22 September 2024
17 September 2024
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Their words
I believe Meta should have the right to set their terms—they’re smart business, and an amazing deal for users of Llama—but don’t pretend Llama is Open Source when it doesn’t actually increase humanity’s freedom.
3 September 2024
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Their words
I argue that over the past 30+ years markets have become less informationally efficient in the relative pricing of common stocks, particularly over medium horizons.
1 September 2024
From one piece Founder Mode 2 beliefs, in the piece's order there
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Their words
Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.
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Their words
There are things founders can do that managers can't, and not doing them feels wrong to founders, because it is.
24 August 2024
19 August 2024
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Lovedrcmnd.app
Something VenturedTheir words
Something Ventured -- a lighthearted history of the venture capital industry.
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Lovedrcmnd.app
Heat Death: Venture Capital in the 1980sTheir words
Heat Death: Venture Capital in the 1980s -- a brief history of the venture capital industry since 1973.
8 August 2024
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Their words
Right now, they can make simple social media posts for small companies and individual influencers. Two years from now, they can make simple campaigns and tradeshow collateral for mid-sized businesses. And in 10 years, I bet that even the richest brand will rely heavily on these tools.
2 August 2024
20 July 2024
19 June 2024
From one piece Aravind Srinivas: Perplexity CEO on Future of AI, Search & the Internet | Lex Fridman Podcast #434 3 beliefs, in the piece's order there
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Their words
I think the thing that most people get wrong after they’ve decided to start a company is work on things they think the market wants. Not being passionate about any idea but thinking, okay, look, this is what will get me venture funding. This is what will get me revenue or customers. That’s what will get me venture funding. If you work from that perspective, I think you’ll give up beyond the point because it’s very hard to work towards something that was not truly important to you.
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Their words
You can set out to build a good business and it’s still fine. Maybe the long-term business model of Perplexity can make us profitable in a good company, but never as profitable in a cash cow as Google was. You have to remember that it’s still okay.
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Their words
What is the weakness of Google is that any ad unit that’s less profitable than a link, or any ad unit that kind of disincentivizes the link click is not in their interest to go aggressive on, because it takes money away from something that’s higher margins.
14 June 2024
2 June 2024
21 May 2024
12 May 2024
8 May 2024
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Their words
It should be hard — exceedingly hard — to obtain the synthetic DNA needed to recreate the virus that caused the deadly 1918 influenza pandemic without authorization. But my lab found that it’s surprisingly easy, even when ordering gene fragments from companies that check customers’ orders to detect hazardous sequences.
5 May 2024
8 April 2024
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Recommendsrcmnd.app
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and LifeTheir words
If I were teaching a course in decision-making and had to assign one book, it would be this one.
26 March 2024
From one piece Seth Godin: "Failure is Learning on Your Way to Mastery" and Other Advice for Creativity (The Knowledge Project #105, published 23 February 2021) 2 beliefs, in the piece's order there
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Their words
nobody has everyone as their customer. Nobody. Maybe the water company, but that's about it. Our goal cannot be to be for everyone. That we have to be for someone. The smallest viable audience, not the biggest possible audience.
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Their words
Employees don't want what you want. Customers don't want what you want. Uh you know, that that one of the challenges of the whole stock option thing is entrepreneurs and founders think that other people will be as motivated by owning part of the company as they are. They are not. Not even close.
4 March 2024
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Their words
If you look at the 10 largest companies in the world, half of them are trying to create this addictive relationship to technology.
27 February 2024
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Their words
the embodied, interactive, and multi-modal nature of first language (L1) acquisition is challenging to replicate with current models.
20 February 2024
From one piece Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413 5 beliefs, in the piece's order there
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korrents.com
About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing.Their words
I even recommend for individual investors to invest in a dozen companies, you don't get that much more benefit of diversification going from a dozen to 25 or even 50.
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korrents.com
Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company.Their words
So as I like to say, incentives drive all human behavior and that certainly applies in the business world. So understanding the people and what drives them, and what the actual financial and other incentives of a business, are very important part of the analysis for investing in a company.
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Their words
Price matters a lot. You can buy the best business in the world and if you overpay, you're not going to earn particularly attractive returns.
+ 2 more
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korrents.com
Most investments are really speculations, because only a handful of businesses can be predicted with any confidence.Their words
And very few businesses that you can have a really high degree of certainty about. And as a result, many investments are speculations because it's really very difficult to predict the future.
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Their words
And oftentimes it's more important to them to have the public perception that they're good directors so they get the next best deal. If they have a reputation for taking on management too aggressively, word will get out in the small community of founders and they'll miss the next Google.
17 February 2024
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korrents.com
A business succeeds through a small number of highly effective distribution channels, not many mediocre ones.Their words
any given business will find a small number of highly-effective channels, and the rest don't matter.
12 February 2024
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Their words
In light of the applied nature of current research problems, there is another path that exposes you to cutting-edge AI work: joining a startup.
5 January 2024
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korrents.com
What sets a company’s velocity is spending its time on the right things, not how much code it produces.Their words
What matters is moving the business forward, not churning out code.
3 January 2024
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Their words
Specialized suppliers need multiple shipyards in one location to steady their business.
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Mixed onrcmnd.app
Elon MuskTheir words
The back half is kind of a hit piece on his Twitter acquisition in way way too much detail
19 December 2023
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Likedrcmnd.app
How Languages are LearnedTheir words
To that end, I read a few different books from the field of second language acquisition (SLA) over the summer, and even wrote a review of How Languages are Learned.
14 December 2023
From one piece Jeff Bezos: Amazon and Blue Origin | Lex Fridman Podcast #405 3 beliefs, in the piece's order there
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Their words
The only interesting problem is dramatically reducing the cost of access to orbit, which is, if you can do that, you open up a bunch of new endeavors that lots of start-up companies everybody else can do. One of our missions is to be part of this industry and lower the cost to orbit, so that there can be a renaissance, a golden age of people doing all kinds of interesting things in space.
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Their words
And I would encourage anybody, if anybody listening to this is an entrepreneur, has a small business, whatever, think about the things that are not going to change over 10 years. And those are probably the big things.
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Their words
That's an inventor's greatest dream, is that their inventions are so successful that they are one day taken for granted. Nobody thinks of Amazon as an invention anymore. Nobody thinks of customer reviews as an invention.
6 December 2023
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Their words
Opportunity solution trees help product trios: Resolve the tension between business needs and customer needs
6 November 2023
28 September 2023
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Their words
I don't think we necessarily want there to be one big super intelligence. We want to empower everyone to both have more fun, accomplish their business goals, just everything that they're trying to do. We don't tend to have one person that we work with on everything, and I don't think in the future we're going to have one AI that we work with.
14 September 2023
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Their words
Less than half their revenue comes from game engines. Over half comes from advertising.
14 July 2023
7 July 2023
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korrents.com
Product management is not going away, but hiring product owners who just feed developers tasks should stop.Their words
I don’t think Product Management is going anywhere, but I do hope the days of hiring Product Owners who just feed developers tasks are done.
5 July 2023
29 June 2023
From one piece George Hotz: Tiny Corp, Twitter, AI Safety, Self-Driving, GPT, AGI & God | Lex Fridman Podcast #387 2 beliefs, in the piece's order there
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korrents.com
The business world is the moral inverse of the hacking world, because business is a world that promotes psychopathy.Their words
I came into the business world with Comma, and I found the exact opposite. I found 5% of people good and 95% of people bad. I found a world that promotes psychopathy.
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korrents.com
Social and advertising businesses come and go; a technology company that wants to endure has to build hardware.Their words
The two companies that have endured through technology are Apple and Microsoft. And what do they make? Computers and business services, right. All the meme, social ads, they all come and go. But you want to endure, build hardware.
30 May 2023
23 May 2023
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Their words
this is the most personal of personal decisions and no one should ever try to pressure anyone else to have kids-it's way too big a thing to be anyone else's business.
30 April 2023
26 April 2023
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korrents.com
Software performance is central to long-term business success rather than a niche engineering concern.Their words
Software performance appears to be central to long-term business interests.
7 April 2023
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korrents.com
The job of a multiplayer designer is to grow a community, not to make gamified numbers go up.Their words
We are no longer in the business of delivering systems where players make gamified numbers go up.
13 March 2023
2 March 2023
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korrents.com
Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell.Their words
Therefore, we have the perverse situation that the richest people are hiring some of the most talented and technologically sophisticated people on the planet to engage in innovation aimed at driving down the demand for labor—the major and often only asset of the world’s poor.
19 February 2023
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Their words
A platform operator can effortlessly change the distribution of surpluses in an instant, while suppliers and customers have to engage in minute, time-consuming and unreliable Platform Kremlinology just to detect these changes, much less understand them.
2 February 2023
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Their words
This is how I frame it: if the effort required to replace or fork a dependency should it go unmaintained is measured in engineer-months, that’s a critical dependency and retaining its maintainers probably makes good business sense.
30 January 2023
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Their words
FAA certification is required before you transport anything for money.
21 January 2023
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Their words
Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves.
31 December 2022
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Their words
We are not suppliers. All the people writing and maintaining these projects, we are not suppliers. We do not have a business relationship with all these organisations.
2 December 2022
28 November 2022
13 September 2022
26 August 2022
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Their words
If you had given the Romans the designs for a Newcomen steam engine, they couldn’t have built it without developing whole new technologies for the purpose (or casting every part in bronze, which introduces its own problems) and then wouldn’t have had any profitable use to put it to.
25 August 2022
6 June 2022
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Their words
The problem with talking to the customer for anything you are making is that you might be wrong.
1 June 2022
From one piece Fiscal Policy under Low Interest Rates 3 beliefs, in the piece's order there
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Their words
This is precisely the role the central bank can play. By announcing that it stands ready to buy the bonds that investors want to sell at the price associated with the low interest rate, and credibly indicating that it has deep enough pockets to buy whatever is needed, it can eliminate the bad equilibrium.
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Their words
Sovereign debt markets (and many other markets as well) are subject to sudden stops in which investors either drop out or ask for large spreads even in the absence of large changes in fundamentals.
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Their words
The proposition is that the cancellation of the bonds held by the central bank would decrease the amount of interest payments and thus the debt service of governments. And indeed, it would. But it would have another effect—namely, to decrease the revenues of the central bank and thus the profits that the central bank turns in to the government. This second effect would be exactly of the same size as the first, and the net effect on the government budget constraint would be equal to zero.
7 April 2022
4 April 2022
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Their words
When you take venture funding, you sign up for a rocket ship ride that will either take you to the moon or to crash-land painfully back on earth. Those are the only two choices. And both rides tend to require heavy extraction of value from the customer.
Announcing RedwoodJS 1.0 and $1M Fundingtom.preston-werner.com
21 February 2022
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Their words, before
One of the reasons I've never cared for crypto currencies is that the associated utopia of trustless society had zero appeal to me. I don't think the world is better off by erasing the need to trust in our transactional counterparts, so turning these transactions into pure computing always struck me as a regression.
Their words now
But wherever this leads us next, it's clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment. Instead of appreciating the fundamental freedom to transact that it's currently our best shot at protecting.
25 January 2022
From one piece Inside the Mind of A Famous Investor | Marc Andreessen 4 beliefs, in the piece's order there
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korrents.com
Industries do not stay competitive markets; over time most settle into a monopoly or, more often, an oligopoly.Their words
a lot of industries over time end up not like that. They end up not being actually a fair and free market with market discipline. They end up as something else. In the business world, what they end up with is either just, you know, one company with a full up monopoly or more commonly they end up with what's called an oligopoly
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Their words
A successful startup has about five years until they become a new incumbent. Um and and they actually start to behave like an incumbent. That's rational. Like of course that's rational. Like they've now built something worth defending.
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korrents.com
Almost everything worth doing sits in a probabilistic domain where a perfect score is not available.Their words
in quote-unquote real life, right? Which is starting businesses or you know, writing books, right? Or composing music or playing basketball or playing poker, right? Or basically doing anything interesting we're in a probabilistic domain, right?
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Their words
the reality is the kids that make new things work from scratch. It actually turns out that they actually have been deep in the domain for a long time. Almost every case, they've been thinking hard about the problem that they're trying to solve actually for in in a lot of cases for many years.
23 January 2022
3 December 2021
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Readrcmnd.app
Steven Spielberg: A BiographyTheir words
My key takeaway from the book: Spielberg, for reasons that McBride can never quite nail down, was capital-D driven. His story provides a master class in the potential of mixing relentless ambition, talent, and perfect timing.
25 November 2021
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Likedaffiliate linkrcmnd.app
Fitbit SenseTheir words
This one might come as a surprise to some, but the reality is that at Fitbit’s more reasonable pricing as of late, the Fitbit Sense is a pretty good option. And it’s a super well-rounded option
22 November 2021
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korrents.com
TSMC can pass its rising costs on because at the leading edge its customers have nowhere else to go.Their words
Given the concentration of fabrication power at TSMC, customers really don’t have another option.
The Rising Tide of Semiconductor Costfabricatedknowledge.com
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Likedaffiliate linkrcmnd.app
Anthro-VisionTheir words
Gillian Tett, Anthro-Vision – my colleague Gillian Tett makes the case for thinking like an anthropologist in business and in life. The description of how KitKats took Japan by storm is a particular delight.
5 November 2021
31 August 2021
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korrents.com
Boeing's decline began when its management moved away from the factory and the engineers stopped running it.Their words
The changes separated its management and board from the day-to-day processes at the heart of its business.
America's Aerospace Industry is Regeneratingaustinvernon.site
14 August 2021
11 August 2021
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Likedaffiliate linkrcmnd.app
From the River to the SeaTheir words
Sedgewick was more successful in developing his characters, and I also appreciated that he took regular tangents into other related and interesting matters like the Leadville mining boom, the growth of Los Angeles, and the business maneuvers of other railroad barons like Jay Gould and Collis Huntington.
5 August 2021
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Recommendsrcmnd.app
How to Build an Iconic CompanyTheir words
These are three-minute podcasts that talk about startups, leadership, management, and strategy.
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Lovedrcmnd.app
The Everything StoreTheir words
The Amazon startup story.
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Lovedrcmnd.app
Zero to OneTheir words
This is an extremely well-written book focused on startup product strategy.
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Recommendsrcmnd.app
How I Built ThisTheir words
Like my startup books, each of these podcasts gives insight into product and strategy.
9 June 2021
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Likedrcmnd.app
Startup CXOTheir words
It is the kind of book you will keep by your desk and pull out from time to time to figure out how to approach an issue or to help one of your senior leaders figure out how to do that.
3 June 2021
1 March 2021
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Dislikedaffiliate linkrcmnd.app
ObliquityTheir words
One of those business books (and there are many) that you can get the main idea within the first 20 pages and can stop reading there. I skimmed through most of it.
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Recommendsaffiliate linkrcmnd.app
Shoe DogTheir words
A must-read for anyone who wants to start a business, has started a business, wishes they started a business or has ever thought about starting a business.
23 February 2021
20 February 2021
11 January 2021
From one piece Something of Value (memo to Oaktree clients) 3 beliefs · oaktreecapital.com
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Their words
Rather than being defined as one side of this artificial dichotomy, value investing should instead consist of buying whatever represents a better value proposition, taking all factors into account.
Something of Value (memo to Oaktree clients)oaktreecapital.com
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korrents.com
The value-versus-growth distinction does not serve investors well in a fast-changing world.Their words
My extensive discussions with Andrew led me to conclude that the focus on value versus growth doesn’t serve investors well in the fast-changing world in which we live.
Something of Value (memo to Oaktree clients)oaktreecapital.com
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Their words
Not only are the traditional staples of classic value investing (readily discernable quantitative measures of cheapness in the here-and-now) no longer likely to produce a sustainable edge on their own, but the world has gotten more complex, with many more dynamics that can drive a decoupling of near-term metrics from valuation, both to the positive and negative.
Something of Value (memo to Oaktree clients)oaktreecapital.com
9 January 2021
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Their words
Adopting the traditional semiconductor manufacturing business model to compete head to head against the likes of Intel would guarantee automatic failure.
20 November 2020
From one piece A few ways to make money in FOSS 2 beliefs, in the piece's order there
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Their words
And yes, you are building a business. You need to start thinking of your project as a business and of yourself as a business owner.
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Their words
The fast route — venture capital funded — is going to impose constraints on your business that will ultimately make it difficult to remain true to your open-source mission.
8 November 2020
28 October 2020
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Likedaffiliate linkrcmnd.app
Behind the Cloud: The Untold Story of Salesforce.comTheir words
Want to know the story behind how Salesforce was built? This is that story in founder Marc Benioff's own words. At times I found him overly prescriptive without an appreciation for his unfair advantages he had (getting to start it while having a big salary at Oracle, having $6Mn in "bootstrapped funding", etc). However, he also helped pioneer the cloud and SaaS as a business model, so there are many great lessons to glean if you're building a high-growth SaaS business.
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Likedaffiliate linkrcmnd.app
What Customers WantTheir words
This book was written before the Lean Startup movement, but espouses many of the same concepts. If you feel like you're starting at zero in understanding what to do to become customer driven, this is a good place to start.
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Likedaffiliate linkrcmnd.app
Pitching HacksTheir words
This is a really short book that just gets to the point. It's a great checklist to think about what you need to pull together if you're going to raise money from investors. It helps you avoid some common pitfalls and gives you a good start on what you need to do to nail your elevator, recruiting, and funding pitches.
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Likedaffiliate linkrcmnd.app
Community Building on the WebTheir words
If you need a 101 outline of the basics of how to build a community on the web regardless of your business type, this is a good, although now slightly dated, book to check out.
24 August 2020
27 July 2020
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Lovedrcmnd.app
Startup CommunitiesTheir words
has updated his excellent book on startup ecosystems
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Likedrcmnd.app
The Startup Community WayTheir words
The timing of this book is excellent.
24 July 2020
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Their words
These small subsistence farmers generally seek to minimize risk, rather than maximize profits. After all, improving yields by 5% doesn’t mean much if everyone starves to death in the third year because of a tail-risk that wasn’t mitigated.
19 June 2020
28 May 2020
18 May 2020
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Recommendsrcmnd.app
The Ride of a LifetimeTheir words
But I recently read another business book that I will happily recommend to anyone who asks: The Ride of a Lifetime, by former Disney CEO Robert Iger.
15 March 2020
4 March 2020
7 February 2020
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Lovedrcmnd.app
The Fish that Ate the WhaleTheir words
One of the craziest, most impressive stories of business smarts I’ve come across and from someone otherwise unknown. Like a real-life Francisco d’Anconia from Atlas Shrugged.
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Mixed onrcmnd.app
The 12 Week YearTheir words
It’s okay, didn’t feel like there was anything groundbreaking here in the planning, productivity, or business space though.
28 January 2020
5 November 2019
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Their words
If intelligence lies in the process of acquiring skills, then there is no task X such that skill at X demonstrates intelligence, unless X is actually a meta-task involving skill-acquisition across a broad range of tasks.
20 August 2019
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Likedrcmnd.app
BenchTheir words
Bench handles all of the bookkeeping for my business.
2 August 2019
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Likedrcmnd.app
This Is MarketingTheir words
A must-read for every entrepreneur. A holistic, generous, human, emotional, long-term, story-driven approach to your business. The world would be a much better place if businesses were led this way. You'll have a competitive advantage if you do this, since so few do.
28 May 2019
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Recommendsaffiliate linkrcmnd.app
The Algebra of Happiness: Notes on the Pursuit of Success, Love, and MeaningTheir words
Scott Galloway, The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning: Galloway should be familiar to readers as both the brand strategy professor at NYU Stern School of Business, a regular guest on Masters in Business, and as the author of The Four. He usually writes about technology and business, but concern with his students’ life issues led to this 10 minute YouTube video that garnered nearly 2 million views. That became this lovely short book which is likely to be a graduation and holiday gift for years to come.
30 January 2019
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Their words
There is no ongoing service without retention.
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Recommendsaffiliate linkrcmnd.app
Principles for Navigating Big Debt CrisesTheir words
His book Principles for Navigating Big Debt Crises is an important read for investors that want to protect themselves from or benefit from recessions and other financial crises.
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Recommendsaffiliate linkrcmnd.app
The Little Book That Still Beats the MarketTheir words
Joel Greenblatt is one of the highest-performing value investors around, and this simple book gives an accessible outline of his formula.
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Recommendsaffiliate linkrcmnd.app
The Lessons of HistoryTheir words
It’s not an investing book, but The Lessons of History is one of the most important books for long-term investors to read, in my opinion.
20 January 2019
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Their words
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz
28 October 2018
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Usesrcmnd.app
Odd LotsTheir words
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
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Usesrcmnd.app
EconTalkTheir words
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
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Usesrcmnd.app
Conversations with TylerTheir words
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
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Usesrcmnd.app
The Tim Ferriss ShowTheir words
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
10 September 2018
22 August 2018
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Their words
A $250/mo recurring donation to would be a drop in the bucket of most businesses, but a major boon to any open source project, with which the business will almost certainly see tangible value-add as a result.
16 July 2018
9 July 2018
30 June 2018
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Recommendsrcmnd.app
Thirsty Dragon: China's Lust for Bordeaux and the Threat to the World's Best WinesTheir words
This a journalistic book, a very sound bit of journalism by Suzanne Mustacich. She is based in Bordeaux, but she clearly travelled to China an awful lot and unravelled a most amusing commercial battle that went on in the early years of this decade between the Bordeaux chateau owners and merchants on the one side and Chinese business people on the other.
17 June 2018
From one piece Staying on the path to high performing teams. 3 beliefs, in the piece's order there
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korrents.com
A team should grow in bursts followed by periods of consolidation, because continuous hiring never lets it gel.Their words
Adding new folks to a team disrupts that team’s gelling process, so I’ve found it much easier to have rapid growth periods for any given team followed by consolidation/gelling periods where the team gels.
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Their words
Many folks try to move all teams at the same time, peanut buttering their limited resources, but resist that indecision-framed-as-fairness: no one getting anything is not a fair outcome.
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korrents.com
A team that is falling behind can only be fixed by hiring more people; no amount of process or patience will move it.Their words
When falling behind, the system fix is to hire more people until the team moves into treading water.
28 April 2018
26 April 2018
20 April 2018
31 January 2018
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Likedrcmnd.app
SuperforecastingTheir words
Lots of interesting learnings and relevant to those making startup investments also!
1 January 2018
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Readrcmnd.app
It Doesn’t Have to Be Crazy at WorkTheir words
Podcast. Another classic manifesto from Jason Fried and DHH, challenging the status quo of business today. Properly sparkled with both “fuck”s and wisdom. Fuck 50 or 80-hour work weeks, the always stressed, always anxious way of working, constant crunch. Let’s all calm down. It doesn’t have to be crazy at work.
19 June 2015
16 December 2012
11 December 2010
Nothing matches.
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