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Startup Wisdom
@StartupWisdom_
Studying the world's best founders and sharing what I learn.
72 Following    9.9K Followers
Elon Musk on why he focuses all his time on constraints: "Basically, if something is working well and making good progress, then there's no point in me spending time on it. So I allocate time according to where the limiting factor is, where things are problematic, where we're pushing against, what is holding us back. The irony is, if something's going really well, they don't see much of me. But if something's going badly, they'll see a lot of me. Or not even badly. If something's a limiting factor, it's a limiting factor. It's not exactly very bad, but it's the thing that we need to make go faster." Video Credit: @CheekyPint
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Larry Page (co-founder of Google) on why you need to chase mega-ambitious dreams: "I think it is often easier to make progress on mega-ambitious dreams. I know that sounds completely nuts, but since no one else is crazy enough to do it, you have little competition. In fact, there are so few people this crazy that I feel like I know them all by first name. They all travel as if they are pack dogs and they stick to each other like glue. The best people want to work on the big challenges."
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Jensen Huang on the best career advice he ever got: “And I walked by, and I noticed he was using a bamboo tweezer, and his bamboo basket was nearly empty for only two or three small pieces of dead moss. And I asked him, what are you doing? And he says he is taking care of this garden. His English was perfect. And I asked him how long he's been working there. He said he's been working there for almost 30 years. And he said that this is his garden. And I asked him, but this garden is so big, and your tweezer and your basket is so small. How can you take care of the whole garden? And he said something that is perfect. He said, I have plenty of time. And in fact, that's the best career advice I can give you. Most of the time, I wait for things to come to me. I'm rarely chasing things. I don't have a watch. I'm focused on now.”
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Jensen Huang on why Physical AI is inevitable and coming for everyone: "And so all of these common sense, physical reasoning abilities that children have, that our pets have, most AIs don't have. You know, I roll a ball over the kitchen counter and it goes over the top, and it disappears. Well, the AI thinks it's disappeared, but you know, your dog knows it. It's on the other side. It understands this concept called object permanence, and it didn't go into another metaverse, and so it runs around the table and gets it, you know? And a robot needs to learn that if you want to go from this side of the table to that side of the table, you can't go through the table. You're going to have to reason about how to go around the table. And so all of these type of physical reasoning things is what's called physical AI. And when you take that physical AI and then you put it into a physical object called a robot, you get robotics. And this is really, really important for us now because we're building plants and factories all over the United States. And we'd like to build it in a way that takes advantage of the latest technologies. And so hopefully, in the next 10 years, as we build out this new generation of plants and factories, they're highly robotic and they're helping us deal with the severe labor shortage that we have all over the world."
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Paul Graham on why you need to strive for more:
Peter Thiel on how you should think about your future: "What you end up doing when you think of the future as indefinite is you pick a job that you think will look good on your resume, because it will lead to a different job later on. There's even a credentialing version where you go to grad school, you get a consulting job, and you think of it as this branching tree diagram where you never really do something that you want to do. You can think of the future on three horizons. Very short-term is: are you going to be happy, and will you be learning a lot? Medium-term is: how good is it on your resume? And very long-term is: are you working on something important or meaningful? We're in a skewed world where we overweight the medium-term and underweight some combination of the short-term and the long-term. I would recalibrate to focus on the short-term and the long-term, and forget about the medium-term."
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.@sama on why the best founders never run out of ideas: "You can give a founder an idea and they can start a company. The problem is they need to come up with new ideas for a company basically every week. Crazy new ideas, big changes, all the time. We tried an experiment once at YC where we funded 20 teams of strong founders who didn't have ideas but were otherwise really good. They all failed. And what we learned is that the good founders are the people who have ideas all the time. There's an intelligence component to this, a creativity component, an ability to think independent thoughts. But whatever you want to call it, this particular kind of intelligence that leads to seeing problems in different ways and thinking of ideas that don't yet exist but should, you've got to have that in a founder."
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.@jeffbezos on why you must be willing to be misunderstood: If you're going to do anything new or inventive, you have to be willing to be misunderstood. And if you can't tolerate being misunderstood for long periods of time, you'll never do anything truly original.
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.@PalmerLuckey on how to build a following as a founder: "If you say something where you caveat it and you hedge it and you basically end up saying something that most people would agree with, you might as well have said nothing at all. You're not going to build a following of people who say, 'Man, I just love Palmer's right-down-the-middle, very hedged takes that everyone agrees with.' If you're just restating common sentiment, it's not going to get you anywhere. So make sure that when you're saying something, you're saying something. Make sure you're trying to affect change — maybe not in everybody, but in some people. If you make some people love what you're saying and some people hate what you're saying, that's a lot better than having everybody lukewarm agree with you about things everyone already agrees with. Don't waste your time communicating about the things everyone already agrees with you on."
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