Offshore
Photo
Finding Compounders
Warren Buffett have an interesting answer when he was asked why he would do to live a happier life , if he could live over again https://t.co/BixPpPYksN
tweet
Warren Buffett have an interesting answer when he was asked why he would do to live a happier life , if he could live over again https://t.co/BixPpPYksN
tweet
Offshore
Photo
Finding Compounders
“ Give me $10 billion and how much can I hurt Coca-Cola around the world? I can’t do it.”
Warren Buffett on how to evaluate a business https://t.co/tfbXUtjrrV
tweet
“ Give me $10 billion and how much can I hurt Coca-Cola around the world? I can’t do it.”
Warren Buffett on how to evaluate a business https://t.co/tfbXUtjrrV
tweet
Offshore
Photo
Finding Compounders
I never not read an Alan Greenberg memo once I come across it.
He was hyper focused on cutting costs https://t.co/N8EVSkYLye
tweet
I never not read an Alan Greenberg memo once I come across it.
He was hyper focused on cutting costs https://t.co/N8EVSkYLye
tweet
Offshore
Photo
Finding Compounders
The importance of calculating looking through earnings
You can find the full article on my free newsletter.
Link is in my bio https://t.co/AijMUdhMO9
tweet
The importance of calculating looking through earnings
You can find the full article on my free newsletter.
Link is in my bio https://t.co/AijMUdhMO9
tweet
Offshore
Photo
Finding Compounders
In Berkshire’s 1997 Chairman’s letter, Warren Buffet talks about and briefly explains the concept of look-through earnings. https://t.co/EeoaFTIRBa
tweet
In Berkshire’s 1997 Chairman’s letter, Warren Buffet talks about and briefly explains the concept of look-through earnings. https://t.co/EeoaFTIRBa
tweet
Offshore
Video
Startup Archive
Instacart founder Apoorva Mehta explains the framework for generating startup ideas
Before starting Instacart, Apoorva Mehta read the book How We Got To Now by Steven Johnson. As he explains:
“It introduces this concept of ‘adjacent possible’, which basically means that at any given point in time in history, there are certain ideas that are possible then that were not possible before. And it's because societal norms have changed, culture has changed, technology has developed… And so, when I was thinking about what companies I wanted to build, I was thinking about what was adjacent possible at that point in time.”
This framework ultimately helped him come up with the idea for Instacart. Companies like Webvan had tried to bring groceries online in the early 2000s, but they all failed. By 2012 however, a few important things had changed: smartphone penetration was high, most people had credit cards or debit cards, and it was now common to shop online.
“As a result of those three things being true, Instacart was actually possible in 2012.”
Before arriving at the idea for Instacart though, he used this framework to generate 20 other ideas that he quickly discarded:
• He experimented with an ad network for social games, which were exploding with the growth of the Facebook platform.
• When Instagram took off, he noticed people loved taking photos of their food but there wasn’t yet a review system of individual menu items at restaurants so he tried building an app for that.
• Daily deals as a concept were becoming a social norm for small businesses so he tried creating a company just for lunch and dinners.
And his key takeaway from this process was that “iteration speed is everything.”
“The faster you go through the ideas, the more shots on goal that you have, the more chances you have of success.”
The first thing Apoorva recommends you do when you have a startup idea is try to kill it. Write down the top 10 reasons why it will not work, and if you can’t overcome those challenges there’s no point in investing any time into it.
Video source: @southpkcommons (2024)
tweet
Instacart founder Apoorva Mehta explains the framework for generating startup ideas
Before starting Instacart, Apoorva Mehta read the book How We Got To Now by Steven Johnson. As he explains:
“It introduces this concept of ‘adjacent possible’, which basically means that at any given point in time in history, there are certain ideas that are possible then that were not possible before. And it's because societal norms have changed, culture has changed, technology has developed… And so, when I was thinking about what companies I wanted to build, I was thinking about what was adjacent possible at that point in time.”
This framework ultimately helped him come up with the idea for Instacart. Companies like Webvan had tried to bring groceries online in the early 2000s, but they all failed. By 2012 however, a few important things had changed: smartphone penetration was high, most people had credit cards or debit cards, and it was now common to shop online.
“As a result of those three things being true, Instacart was actually possible in 2012.”
Before arriving at the idea for Instacart though, he used this framework to generate 20 other ideas that he quickly discarded:
• He experimented with an ad network for social games, which were exploding with the growth of the Facebook platform.
• When Instagram took off, he noticed people loved taking photos of their food but there wasn’t yet a review system of individual menu items at restaurants so he tried building an app for that.
• Daily deals as a concept were becoming a social norm for small businesses so he tried creating a company just for lunch and dinners.
And his key takeaway from this process was that “iteration speed is everything.”
“The faster you go through the ideas, the more shots on goal that you have, the more chances you have of success.”
The first thing Apoorva recommends you do when you have a startup idea is try to kill it. Write down the top 10 reasons why it will not work, and if you can’t overcome those challenges there’s no point in investing any time into it.
Video source: @southpkcommons (2024)
tweet
Offshore
Photo
Finding Compounders
Must read
The 400% Man
An article on Allan Mecham - a college dropout who went on to beat the market https://t.co/nThagmw5ze
tweet
Must read
The 400% Man
An article on Allan Mecham - a college dropout who went on to beat the market https://t.co/nThagmw5ze
tweet
Offshore
Video
Startup Archive
RT @thilokonzok: outliers outsmart or outrun.
tweet
RT @thilokonzok: outliers outsmart or outrun.
Elad Gil’s 3 archetypes of hyper-successful founders
Elad Gil has invested in and advised some of the largest companies in the world, including Stripe, Airbnb, Figma, Instacart, and Coinbase.
When asked what made the founders of these companies so successful, Elad replies:
“I think a lot of it is: Do you end up in the right market? Is the market big enough? Is it growing? Is it dynamic in the right way? I think half of it just is that you find the right market…. So you need the right market, but within that, there are tons of people who enter these markets and do horribly. So what’s different?”
He notices that hyper-successful founders tend to fall into three buckets:
“The first one is the polymathic, hyper-intellectual, yet very competitive person. And that’s probably Patrick and John [Collison] from Stripe. That was Larry and Sergey when I worked at Google — they were very polymathic, very deep on everything.”
He continues:
“I think the second one is the super hardcore, extremely focused, really really driven, overdrive founder. That may be Travis [Kalanick] from Uber… And I think there are almost signals of those because a lot of people in our ecosystem now, for example, are doing angel investing or they’re involved with lots of other companies while they’re running their own company. And this second class of founders doesn’t do any of that. They say no to everything, and they’re all-in on one thing.”
Joe Lonsdale adds that this second type reminds him of Peter Thiel or Elon Musk in the early days:
“I feel like Elon used to be more that way because he literally would say no to everything.”
And then the third type of founder is one who is early to a network effects business:
“If you have something that has network effects, you’re going to do well.”
Video source: @AmOptimistShow @JTLonsdale (2024) tweet