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May 1 2019

Set an Aspirational Hourly Rate

Outsource tasks that cost less than your hourly rate
We covered the skills you need to get rich. They included specific knowledge, accountability, leverage, judgment and life-long learning. Let’s talk about the importance of working hard and valuing your time. No one is going to value you more than you value you. Set a high personal hourly rate, and stick to it. More

Apr 26 2019

Example: From Laborer to Entrepreneur

From low to high specific knowledge, accountability and leverage
The tweetstorm is very abstract. It’s deliberately meant to be broadly applicable to all kinds of different domains and disciplines and time periods and places. But sometimes it’s hard to work without a concrete example. So let’s go concrete for a minute. Look at the real estate business. You could start at the bottom, let’s say you’re a day laborer. More

Apr 22 2019

Pick a Business Model With Leverage

An ideal business model has network effects, low marginal costs and scale economies
One more question about leverage. Do you think a choice of business model or a choice of product can also bring a kind of leverage to it? For example, pursuing a business that has network effects. Pursuing a business that has brand effects. Or other choices of business model that people could manipulate that just give you free leverage. More

Jul 7 2011

Google should pull an Android on Facebook

Android’s best weapon against iOS is that it’s a much more open platform. iOS’ elegant user experience comes at a cost – developers have to suffer through approval delays, rejections, private APIs, rules against advertising, and shutdowns. Android, on the other hand is open to carriers, users, and developers. Facebook developers face two major problems. More
Jul 7 2011

Dec 1 2010

There is No Angel Bubble. There are Many Angel Bubbles.

A common meme floating around right now is that there is an Angel investing bubble. In the sense that an enormous amount of capital is being placed at risk, and its popping will have grave macro-economic consequences, No. The total amount of additional capital flowing through the Silicon Valley early-stage ecosystem, thanks to Super-Angels and newly minted millionaires, is on the order of half-a-billion dollars or so. More
Dec 1 2010

Feb 8 2010

Y Combinator vs. Graduate School

Y Combinator* is the new Graduate School. In some ways, it’s better: – You pay to go to graduate school. YC pays you. – After school, you get a job. After YC, you create jobs. – You repeat the works of the greats in school. YC expects you to do original work. More
Feb 8 2010
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