https://www.youtube.com/watch?v=MopkTrQMx1A
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Key Points
- Pick arenas that have tail wind instead of head wind
- the best decisions are the ones that
stick
- Obfuscate the need to make the next 10 decisions because they are so fundamental
- figure out the things
That will happen within the next year even if u stopped what you are doing for the next year - marginal items that are not important for you
- That will not happen if u stopped doing what u do - things that are not marginal
- That you regret will not happen if u stopped what u are going : your purpose
- Look hard at eco-system to find counter-intuitive patterns
- consistency versys comprehensive
Amazon was more consistent while Google Product Search was more comprehensive with more search item. Amazon ultimately won the market
- Leaders that write things down tend to deal with less communication issues
forces a more consistent thought process
- avoids the game of telephone
- helps people understand why
- Life cycle Periods
Founding period
- Wandering period
- Acceleration period
Timing
- What has changed?
made prior assumptions that were valid no longer valid
- can assume and operate under new assumption because of changes
- Areas to look for change
Funding
- Technology
- Demographic changes
Critical components on starting a company
- An idea you cannot imagine not working on
- A person you cannot imagine not working with
Hiring and leveling
- Phases
Problem
- Solution
- How
- Execution
- Dream team
Awesome bar
- Hiring bar
- Acceptable bar
Additional Readings
- *Drive*, by Daniel H. Pink