I was listening to a podcast between Lenny and Andrew Wilkinson. It turned out to be one of those rare YT videos that I could watch without getting distracted and caught a lot of good points. Here’s the raw set of notes.
Lazy leadership – how fast can I get away from things I hate to do
If it doesn’t scale, it is not a business. It is a job
What is your unfair advantage?
Find the most profitable way to do your business. Restaurants vs real estate firms on marketing budget
I am a better businessman because I am an investor, I am a better investor because I am a businessman.
To be able to solve valuable problems, there needs to be valuable problems.
Fish where the fish are, avoid where there are a lot of fishermen
Biggest mistake – going in to business models where everyone has repeatedly failed, thinking I can win.
A brilliant management team can’t change a bad business model
What is your definition of success? The Things guy vs Dustin Moskovitz
Is your market small enough to not interest a VC?
Starting vs buying businesses – Warren Buffet example
Look for a business that is so good that it is hard to mess up.
Power of network effects – X bought by Elon Musk
There are no problems. There are only people problems.
Don’t hire people on gut thinking you can change them.
Hire for need, not for potential?
Lindy.ai for agents and workflows
The future is already here. It’s just not evenly distributed.
Dario Amodei – by 2027 all our models will be smarter than all our PhDs. Knowledge work jobs will change drastically.
Interesting how he says that he can barely get agents to do calendar entries reliably but at the same time he mentioned that he has a very reliable employee working 24/7 for $200 a month.
Put money in compute and energy.
People overestimate short term and underestimate long term. There are a lot of weird skillsets that are we can’t imagine about.
In a world of abundance, where does status come from?
Why are people unhappy even with lots of money?
We are always comparing to our peers. Avoid it.
Reframe money.
“Every minute of every day, I was convinced that something terrible was going to happen”
Easy choices, hard life. Hard choice, easy life.
Ask for amazing and you will get something great.
Aeropress, Letterboxd, Dribble.