This is a brilliant short talk by Tina Selig asking students “If you had $5 and 2 hours, what would you do to make as much money as possible?”. Her point that capital can simply be a distraction is a view I’ve held for a long time – especially in the context of cheap-to-start-and-run consumer web startups.
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One Comment
Definitely enjoyed watching the video. I’d say a lot of people limit themselves and build walls that stop themselves from ever accomplishing anything. One easy thing is to blame things like if I had money or was funded, then, I’d be able to make money or get my business going.
2 Trackbacks/Pingbacks
[...] #10: it takes 5 years to create anything of value #9: focus on your 1st market longer than you think #8: beware of shiny object distraction #7 avoid the rush to nowhere #6 competition doesn’t kill (early-stage) companies #6 competition doesn’t kill (early-stage) companies; usually, it’s internal conflict — teams going in multiple directions #nwen #5 the customer has the answer. check out “outcome-driven innovation” #4 Two #’s: Customer acquisition cost and lifetime value. focus on ‘em; track ‘em #3: GFA (Get F’in Aggressive) “over the last 15months, i don’t know what happened, but his eyes had changed” #2: KISS #1: the way you’re framing it from a capital and time perspective is too limited [...]
[...] The best lesson in entrepreneurship you’ll get this year (tags: Entrepreneurship) [...]
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