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Andrew Gazdecki

@agazdecki

Friendly reminder that startups with a better product lose often to startups with better distribution, brand, marketing, storytelling, and sales.



Spoke to a "venture group" in Nashville recently. I asked them what their ownership targets were and they told me 40% at seed. This is why the Tier 3 cities for building startups will never be taken seriously



If your founder starts posting like this, it is a good idea to take profit asap pic.twitter.com/uEQJXvzspy



CEO is the worst job at the company. The best job is co-founder. More equity than any employee. More equity than most investors. Less responsibility than a CEO. Co-founders sleep better at night than CEOs.



Coinbase and Bloom Tech illustrate the dangers of starting a startup in a regulated industry. When I was a kid I used to think that regulators (and prosecutors) were merely trying to protect everyone. What other motive could they have? But boy are they not.



Everything is based on energy. Everything you see now, every war, every invention, even the moon and the stars. Everything has been created or destroyed by energy. The difference between a successful and a failed business? Energy. Leadership and visionaries simply redirect the energies of men. Steve Jobs didn't actually CREATE the iPhone. Some miner put his energy into extracting the raw materials from the earth. Some engineer put his energy into building the parts. Some design team put their energy into working to fit all the pieces into place. Steve Jobs had the energy to send the design back to the designers. He had the energy to yell and command it be this or that way. If he had a LAZY design team, Apple wouldn't have worked. If he had a LAZY engineer, Apple wouldn't have worked. There is no room for lack of energy in a successful company. To do anything great, tremendous amounts of energy must be spent. Calories must be burned. Sacrifices must be made. Every single day over 1,000 man-hours of some of the brightest men on the planet are SPENT to make THE REAL WORLD students successful. When you see the success stories I want you to understand it is ENERGY that made them real. A child is raised through the combined energies of his mother, father, teachers and society. A lie is propagated to the masses through the coordinated energies of the media machines. ENERGY is the only thing that is real. It is the ultimate decider of what is valuable, what propagates and what survives. When you see less energy devoted towards a project, goal, task or idea, be sure that it is DYING. Only constant unrelenting energy can keep something alive. Only energy can make it grow. This is why The Matrix tries so hard to make you weak, This is why it works so hard to sap you of your energy. Because if you have no energy, you are truly useless in this world. Unable to resist.



I had a crazy conversation with a friend who wants to start building startups too, his name is @csonotes and before this he was always a freelancer The problem he had was he thought every idea he had was not big enough or did not have "product founder fit" With that he meant he wanted to build a product that fit close to himself as a personality and he gave me as an example of someone with great "product founder fit" I asked him do you really think I always had a burning passion for interior design and that's why I did Interior AI? Or I have always wanted to enter the model photography industry with Photo AI? Or I'm very very passionate about jobs which is why I have Remote OK? Nomad List might be the only exception where I acutally do have "product founder fit" I told him I think it's a highly overrated concept because I had no idea what businesses I would be running when I started and still don't know what I will be running in the next few years, because it's impossible to plan what business you will build. The market changes so fast and most things you do fail. So it's more like surfing waves and the market CHOOSING YOU to do something, not you choosing what to do. You try smell and follow the customer demand, and only then you can have a viable business...for a while, until it ends and the demand goes elsewhere Elon Musk started by digitizing the Yellow Pages phone book as a startup, now he's building rockets to Mars, sure he has great "product founder fit" now but that's a bit of a big thing to ask for when you're just starting out as a entrepreneur doing your first thing. Regarding "nothing being big enough for him" (lol btw), you almost always start small, but small things can grow big (lol): Facebook started as an online year book and now it's a bleeding edge VR tech consortium of social media apps. Only if you have millions/billions to burn like again Elon did later in his career, you can start building things more fundamentally from principles where you want humanity to go. Even then it's crazy hard to get that demand, see how Bezos' space startup is doing compared (and he also has the billions to burn!), it's just hard (lollllll). So yeah IMHO: 1) ignore this "omg it's not big enough" idea, just ship a small thing, 2) if customer demand, or no customer demand, your ship is now in the ocean and you'll start sailing and see where you end up, things start happening cause you took action and made something (and hopefully launched it, talked about it), 3) "product founder fit" is mostly a myth, nobody does exactly what they want to do, and you can't just CONTROL the market like a god to make exactly the business YOU want, you can at maximum steer the ship a little bit, but the waves/wind (aka the market) are 100000x more powerful than you and they'll bring you somewhere else you don't expect to end up! ⛵️ Enjoy sailing the stormy oceans of entrepreneurship!



Everyone talks about the same companies every day. Uber. Google. Facebook. Tesla. It's corrupting our youth. Here’s how Silicon Valley misled an entire generation about startups and wealth (and what you can do about it):



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