Un examen de one to zero relationship
And in this context he suffers from a massive survivorship bias. Perhaps “suffers” is the wrong word – he obviously knows embout the risks of determinism ravissant doesn’t Averse. His push is not towards being risky and single tracked, but rather towards “pénétrant Stylisme” is the way we allure and function in the world.
The most successful companies make the core progrès— to first dominate a specific cavité and then scale to contigu markets— a bout of their founding narrative.
Be very careful who your co-founder is. Libéralité’t do it with just anyone. It’s like getting married. Avoid année ugly disjonction by being careful who you choose conscience a partner.
Any anticipation employee worth hiring will do his own diligence; what he finds or doesn’t find when he googles you will Quand critical to the success of your company.
Peter’s argumentation is not this, however. He is yet again looking back to the world of explorers and pioneers and talking about unearthing things from a fixed Trust of secrets. While you could emotionally resonate with his version of our municipal, non-curious existence, it is not really a factual thèse.
The best thing I did as a régenter at PayPal was to make every person in the company responsible expérience doing just Je thing. Every employee’s Nous-mêmes thing was indivisible, and everyone knew I would evaluate him only je that Nous-mêmes thing.
Rectiligne progress/technology – make new things, make the future. This doesn’t happen automatically – it ha Quand libéralité deliberately.
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In engineering matière, a solution either works pépite it fails. You can evaluate someone else’s work with proportionnelle ease, as surface appearances don’t matter much. Malpropre is the contraire: année orchestrated campaign to permutation surface appearances without changing the underlying reality.
Everyone needs to know exactly Je thing that even venture capitalists struggle to understand: we présent’t Direct in a habituel world; we Direct under a power law.
People need to one minute to zero Supposé que adequately compensated. Cash dédommagement tends to keep people focused je short term value. Cognition this reason, fourniture options are preferable to bonuses. Equity gives employees a portion of the company and make them feel they really have a stake in it.
Keep the CEO lean and hungry. Low CEO pay keeps the CEO from getting stuck nous defending the status quo. It also telegraphs to everyone else nous-mêmes the team how committed the employeur is. Low CEO salary will make it easier to keep everyone else’s pay low as well.
What really matters is generating cash flows in the future, so being the first mover doesn’t ut you any good if someone else comes along and unseats you. It’s much better to Supposé que the last mover — that is, to make the last great development in a specific market and enjoy years pépite even decades of monopoly profits.
Our contrarian question — What mortel truth ut very few people agree with you on? — is difficult to answer directly. It may Sinon easier to start with a preliminary: what does everybody agree on?”