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1999 - $5M to launch a product, 30M serious computer users. 2014 - $5K to launch, 3B serious phone users. Leverage / $ is up 100,000x.
What you choose to work on, and who you choose to work with, are far more important than how hard you work.
It's called Netflix. https://twitter.com/inafried/status/745436286090022914 …
Startups don't die when they run out of cash, they die when the founders run out of energy.
VCs: "Too many angels!" | Angels: "Too many incubators!" | Incubators: "Too many companies!" | Entrepreneurs: "Too little of Everything."
We waste our time with short term thinking and busywork.
Warren Buffett spends a year deciding and a day acting. That act lasts decades.
Driving is the new handwriting.
Social media + clickbait journalism have metastasized into permanently outraged lynch mobs roaming the Internet, cowing people into silence.
Increasing price of oil gave us fracking. Increasing price of unskilled labor will give us robots. Education is hard, but the only way out.
Three things in life - your health, your mission, and the people you love. That's it.
It's never been easier to start a company. It's never been harder to build one.
The Internet commoditized the distribution of facts. The "news" media responded by pivoting wholesale into opinions and entertainment.
Bitcoin is a long-term self-fulfilling prophecy. If it survives for 20 years, there is a generation that will consider it as good as gold.
If the value you create is not mainly a function of the hours you spend, then you're likely in the right line of work.
My immigrant Uber driver marvels at how well Americans treat their dogs. He suggests that Americans could adopt poor people instead.
When building a startup, microeconomics is fundamental, macroeconomics is entertainment.
Maybe happiness is not something you inherit, or even choose, but a highly personal skill that can be learned, like fitness or nutrition.
Weak dollar and high oil prices were bad. Now strong dollar and low oil prices are bad. Macroeconomics is voodoo.
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