Key points
- startups don’t die abruptly, they fade away
- Conviction about an idea is not something that you get right out of the gates, its something that you develop over time as you mull over it again and again
- Focus on building something that a 100 people deeply loves so that they will very enthusiastically tell their friends about it
- design is about how it works not just how it looks. Anything can be designed
- culture can be designed and values needs to be repeatedly
An infinite learner
- to be able to scale well as a CEO
- to short circuit learning, learn from the definitive source
- Keep asking till you know
- people are willing to help and share knowledge when they are asked
- The role of a CEO changes drastically every six months
Copy cat competitions
- when faced with copy cat focus on making your product better
- dont buy them out
- In the long run Missionaries tend win against versus Mercenries
Conviction
- a necessity for leadership
- built overtime through continued exposure to problem space and thinking about problem
- great companies build new markets. Conviction is a necessity. Estimated via proxy