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Startup Archive
Jeff Bezos’s two pieces of advice for aspiring entrepreneurs
“The advice that I would give entrepreneurs is don't chase the hot new thing. It's so hard to catch something that everybody already knows is hot. Instead, position yourself and wait for the wave to come to you.”
The best way to position yourself, Jeff argues, is to pursue something that captures your curiosity. When Amazon startup, Jeff always asks himself if the founder is a “missionary” or a “mercenary.”
“I don't like mercenaries, and I don't like mercenary cultures. The missionary is building the product, building the service, because they love the customer, because they love the product, because they love the service. The mercenary is building the product or the service so that they can flip the company and make money.”
One of the great paradoxes of entrepreneurship is that the missionaries usually end up making more money than the mercenaries anyways.
After you’ve picked something you’re passionate about, Jeff’s second piece of advice is:
“Start with the customer and work backwards… Those two things will take you an awfully long way.”
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Jeff Bezos’s two pieces of advice for aspiring entrepreneurs
“The advice that I would give entrepreneurs is don't chase the hot new thing. It's so hard to catch something that everybody already knows is hot. Instead, position yourself and wait for the wave to come to you.”
The best way to position yourself, Jeff argues, is to pursue something that captures your curiosity. When Amazon startup, Jeff always asks himself if the founder is a “missionary” or a “mercenary.”
“I don't like mercenaries, and I don't like mercenary cultures. The missionary is building the product, building the service, because they love the customer, because they love the product, because they love the service. The mercenary is building the product or the service so that they can flip the company and make money.”
One of the great paradoxes of entrepreneurship is that the missionaries usually end up making more money than the mercenaries anyways.
After you’ve picked something you’re passionate about, Jeff’s second piece of advice is:
“Start with the customer and work backwards… Those two things will take you an awfully long way.”
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Stock Analysis Compilation
Plural AM on Jet2 $JET2 LN
Thesis: Jet2 is a UK holiday package company with strong customer service and management, driving significant market share growth and profitability, currently trading at an attractive valuation with a promising outlook for future earnings.
(Extract from their Q4 letter)
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Plural AM on Jet2 $JET2 LN
Thesis: Jet2 is a UK holiday package company with strong customer service and management, driving significant market share growth and profitability, currently trading at an attractive valuation with a promising outlook for future earnings.
(Extract from their Q4 letter)
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Offshore
Video
Startup Archive
RT @joehas: "One of the great paradoxes of entrepreneurship is that the missionaries usually end up making more money than the mercenaries anyways."
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RT @joehas: "One of the great paradoxes of entrepreneurship is that the missionaries usually end up making more money than the mercenaries anyways."
Jeff Bezos’s two pieces of advice for aspiring entrepreneurs
“The advice that I would give entrepreneurs is don't chase the hot new thing. It's so hard to catch something that everybody already knows is hot. Instead, position yourself and wait for the wave to come to you.”
The best way to position yourself, Jeff argues, is to pursue something that captures your curiosity. When Amazon startup, Jeff always asks himself if the founder is a “missionary” or a “mercenary.”
“I don't like mercenaries, and I don't like mercenary cultures. The missionary is building the product, building the service, because they love the customer, because they love the product, because they love the service. The mercenary is building the product or the service so that they can flip the company and make money.”
One of the great paradoxes of entrepreneurship is that the missionaries usually end up making more money than the mercenaries anyways.
After you’ve picked something you’re passionate about, Jeff’s second piece of advice is:
“Start with the customer and work backwards… Those two things will take you an awfully long way.” tweet
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Investing visuals
If you're interested in $AMD, here are 5 visuals you should know🧵👇
#1 - How $AMD makes money🫰 https://t.co/ifAXtqegZW
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If you're interested in $AMD, here are 5 visuals you should know🧵👇
#1 - How $AMD makes money🫰 https://t.co/ifAXtqegZW
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App Economy Insights
📊 This Week in Visuals:
🧴 Procter & Gamble $PG
💊 Johnson & Johnson $JNJ
💳 American Express $AXP
🦾 Intuitive Surgical $ISRG
⚙️ Texas Instrument $TXN
📱 Verizon $VZ
🏦 Charles Schwab $SCHW
⚡ GE Vernova $GEV
and more!
https://t.co/Lse7X9FRRn
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📊 This Week in Visuals:
🧴 Procter & Gamble $PG
💊 Johnson & Johnson $JNJ
💳 American Express $AXP
🦾 Intuitive Surgical $ISRG
⚙️ Texas Instrument $TXN
📱 Verizon $VZ
🏦 Charles Schwab $SCHW
⚡ GE Vernova $GEV
and more!
https://t.co/Lse7X9FRRn
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Stock Analysis Compilation
Nightview Capital on Meta (META) $META US
Thesis: Meta is a dominant force in global advertising, leveraging its extensive platform reach, AI advancements, and innovations in wearables to drive long-term growth.
(Extract from their Q4 letter) https://t.co/iNcAVFxahT
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Nightview Capital on Meta (META) $META US
Thesis: Meta is a dominant force in global advertising, leveraging its extensive platform reach, AI advancements, and innovations in wearables to drive long-term growth.
(Extract from their Q4 letter) https://t.co/iNcAVFxahT
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Offshore
Video
Startup Archive
Keith Rabois: “I tell founders not to worry about runway. Worry about lift.”
“If you think about lift in a plane context, a company is only valuable if you achieve lift. Runway is a tactic for achieving lift, and you may need to extend the runway so that you have more time to get lift. But unless you’re actually achieving lift with that extra time, it doesn’t help you.”
Keith continues:
“I hate when a founder is like, ‘I want to raise this much money because it gives me two years runway.’… That is a stupid way to think about your fundraising.”
Instead, founders should ask themselves what they need to achieve to achieve lift, and then work backwards from that.
When Keith invests at Khosla Ventures and Founders Fund, they write internal memos about the three key risks to the company. Usually you can’t achieve all three in one financing, so founders should be asking themselves, What’s the most important inflection? And then structure their financing to achieve that.
Keith advises founders that it’s ok to let their runway go very low if they feel like they’re approaching lift:
“A lot of founders get very bad advice like ‘Oh, you need to have this much runway or you won’t be able to raise money from strength.’ That’s nonsense. If you have traction - if you hit a viral coefficient of 1 with three months of runway - almost every VC on the planet knows how to invest in that company, and it will not be a problem.”
Video source: @khoslaventures (2024)
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Keith Rabois: “I tell founders not to worry about runway. Worry about lift.”
“If you think about lift in a plane context, a company is only valuable if you achieve lift. Runway is a tactic for achieving lift, and you may need to extend the runway so that you have more time to get lift. But unless you’re actually achieving lift with that extra time, it doesn’t help you.”
Keith continues:
“I hate when a founder is like, ‘I want to raise this much money because it gives me two years runway.’… That is a stupid way to think about your fundraising.”
Instead, founders should ask themselves what they need to achieve to achieve lift, and then work backwards from that.
When Keith invests at Khosla Ventures and Founders Fund, they write internal memos about the three key risks to the company. Usually you can’t achieve all three in one financing, so founders should be asking themselves, What’s the most important inflection? And then structure their financing to achieve that.
Keith advises founders that it’s ok to let their runway go very low if they feel like they’re approaching lift:
“A lot of founders get very bad advice like ‘Oh, you need to have this much runway or you won’t be able to raise money from strength.’ That’s nonsense. If you have traction - if you hit a viral coefficient of 1 with three months of runway - almost every VC on the planet knows how to invest in that company, and it will not be a problem.”
Video source: @khoslaventures (2024)
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App Economy Insights
🔥 Mega Earnings Week Ahead!
What are you watching?
• Monday: $LVMH, $SOFI, $T.
• Tuesday: $BA, $GM, $LMT, $SAP, $SBUX.
• Wednesday: $ASML, $IBM, $LRCX, $META, $MSFT, $NOW, $TMUS, $TSLA.
• Thursday: $AAPL, $APPF, $CMCSA, $INTC, $KLAC, $LUV, $MA, $SNY, $TEAM, $UPS, $V.
• Friday: $ABBV, $CVX.
Visualize all the key insights in our newsletter!
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🔥 Mega Earnings Week Ahead!
What are you watching?
• Monday: $LVMH, $SOFI, $T.
• Tuesday: $BA, $GM, $LMT, $SAP, $SBUX.
• Wednesday: $ASML, $IBM, $LRCX, $META, $MSFT, $NOW, $TMUS, $TSLA.
• Thursday: $AAPL, $APPF, $CMCSA, $INTC, $KLAC, $LUV, $MA, $SNY, $TEAM, $UPS, $V.
• Friday: $ABBV, $CVX.
Visualize all the key insights in our newsletter!
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Quiver Quantitative
Nancy Pelosi made $3.6M in the stock market this week, per our estimates.
We estimate that she is now worth $270M. https://t.co/VC70DyLCGH
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Nancy Pelosi made $3.6M in the stock market this week, per our estimates.
We estimate that she is now worth $270M. https://t.co/VC70DyLCGH
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: “All past declines look like an opportunity, all future declines look like a risk”
— Morgan Housel 🗣️📚
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RT @DimitryNakhla: “All past declines look like an opportunity, all future declines look like a risk”
— Morgan Housel 🗣️📚
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