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The S&P 500 $SPY is up a staggering +31% year-to-date. Here's everything you need to know about the $SPY ETF 🔍 https://t.co/wKoAe4KGMZ
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The S&P 500 $SPY is up a staggering +31% year-to-date. Here's everything you need to know about the $SPY ETF 🔍 https://t.co/wKoAe4KGMZ
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Startup Archive
Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023)
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Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023)
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Startup Archive
RT @Vinniewijd: One of the best explanations of the paradox of entrepreneurship
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RT @Vinniewijd: One of the best explanations of the paradox of entrepreneurship
Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023) tweet
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iinvested
It was very good letter from Bronte Capital touching on $REGN, $V, $COF, $DFS, $AXP, $SMMT
Read the full letter here:
https://t.co/ccjFhSPQ2v https://t.co/dppjRFHA3X
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It was very good letter from Bronte Capital touching on $REGN, $V, $COF, $DFS, $AXP, $SMMT
Read the full letter here:
https://t.co/ccjFhSPQ2v https://t.co/dppjRFHA3X
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Stock Analysis Compilation
Heartland Advisors on Robert Half $RHI US
Thesis: Robert Half’s cyclical downturn creates an opportunity to invest in a cash-rich, resilient staffing leader with proven recovery potential
(Extract from their Q3 letter) https://t.co/3JZmjEtuNP
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Heartland Advisors on Robert Half $RHI US
Thesis: Robert Half’s cyclical downturn creates an opportunity to invest in a cash-rich, resilient staffing leader with proven recovery potential
(Extract from their Q3 letter) https://t.co/3JZmjEtuNP
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Startup Archive
RT @foundertribune: Narrowing The Focus by Frank Slootman https://t.co/kdvHfNujew
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RT @foundertribune: Narrowing The Focus by Frank Slootman https://t.co/kdvHfNujew
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Startup Archive
"People naturally resist focus because they can’t decide what is important. Therein lies a problem: people can typically tell you after some deliberation what their top three priorities are, but they struggle to decide on just one."
- Frank Slootman
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"People naturally resist focus because they can’t decide what is important. Therein lies a problem: people can typically tell you after some deliberation what their top three priorities are, but they struggle to decide on just one."
- Frank Slootman
Narrowing The Focus by Frank Slootman https://t.co/kdvHfNujew tweet
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Palantir $PLTR vs Snowflake $SNOW: who do you believe will outperform over the next decade? https://t.co/JSdyatQkpt
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Palantir $PLTR vs Snowflake $SNOW: who do you believe will outperform over the next decade? https://t.co/JSdyatQkpt
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App Economy Insights
Here’s a sneak peek at our November 2024 report! 👀 https://t.co/sgOoMMvfkb
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Here’s a sneak peek at our November 2024 report! 👀 https://t.co/sgOoMMvfkb
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Stock Analysis Compilation
Hardman Johnson on Meta $META US
Thesis: Meta's pivot to AI and improved governance sets the stage for sustained growth and enhanced profitability
(Extract from their Q3 letter) https://t.co/4sp50eSVKn
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Hardman Johnson on Meta $META US
Thesis: Meta's pivot to AI and improved governance sets the stage for sustained growth and enhanced profitability
(Extract from their Q3 letter) https://t.co/4sp50eSVKn
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