Read on Twitter
Life is often complex and filled with unprecedented events. Here& #39;s a guide to building mental toughness https://medium.com/the-post-grad-survival-guide/how-to-build-mental-toughness-in-your-20s-or-80s-34e78730ddda">https://medium.com/the-post-...
Charlie Munger& #39;s operating system to living a good life https://fs.blog/2016/04/munger-operating-system/">https://fs.blog/2016/04/m...
Mental Models are great for making better decisions. Here& #39;s a list of 109 of them https://fs.blog/mental-models/ ">https://fs.blog/mental-mo...
These investors are on a long road trip to have face-to-face meetings with the executives whose companies they decide to fund https://www.bloomberg.com/news/articles/2020-02-13/working-in-12-markets-in-12-months-puts-stock-picking-to-test">https://www.bloomberg.com/news/arti...
That& #39;s all for this week! Did you like any item in particular? Please let us know. See you next week
Knowledge share is a few days late this week. Here& #39;s what Future Africa team members read, shared and loved from our slack channel #KnowledgeShare
Two new books explain the history of economists& #39; prominence in the US and why it might be a bad thing for some societies https://www.foreignaffairs.com/reviews/review-essay/2020-02-11/dismal-kingdom">https://www.foreignaffairs.com/reviews/r...
Ever wondered about EBITDA valuations, when to use them, why certain companies use them and why investor Charlie Munger is against them? https://www.cnbc.com/2020/02/15/why-ebitda-earnings-are-used-by-so-tech-companies-like-uber-and-yelp.html">https://www.cnbc.com/2020/02/1...
Our finance partner, Mayowa had this take. It depends
This story on TechCrunch about married co-founders of a startup was interesting to read. Any married co-founders here? https://techcrunch.com/2020/02/14/married-co-founders-are-a-startups-secret-weapon/">https://techcrunch.com/2020/02/1...
How to handle founder conflict https://techcrunch.com/2017/02/18/co-founder-conflict/">https://techcrunch.com/2017/02/1...
Impala is hoping to be the Plaid for hotels and is shaking up the travel industry https://sifted.eu/articles/impala-20m-series-b/">https://sifted.eu/articles/...
& #39;Billionaires shouldn& #39;t exist& #39; and anti-capitalism have become an interesting take on the internet. Most proponents of these ideas lack facts on human progress from capitalism https://humanprogress.org/article.php?p=2188&utm_content=buffer47dc6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer">https://humanprogress.org/article.p...
YCombinator Alumni Michael Litt shared his takeaways from YC https://www.quora.com/How-did-you-get-started-with-YC-and-what-did-you-gain-from-it/answer/Michael-Litt?ch=3&share=03e9d4d1&srid=Ugbf2">https://www.quora.com/How-did-y...
How to kill a bad habit with the promise of a reward https://getpocket.com/explore/item/the-behavioral-economics-diet-the-science-of-killing-a-bad-habit">https://getpocket.com/explore/i...
How Udemy transitioned from an underdog startup to one of the most valuable startups in the world. The company almost died many times. This is a story of putting in the work and not backing down https://twitter.com/gaganbiyani/status/1230281635423227904">https://twitter.com/gaganbiya...
Daniel Gross wants to reshape the accelerator model for startups https://techcrunch.com/2020/02/19/ex-yc-partner-daniel-gross-rethinks-the-accelerator/">https://techcrunch.com/2020/02/1...
How to take back your focus by organising your messaging https://www.nirandfar.com/regain-focus-by-slaying-messaging-monster/">https://www.nirandfar.com/regain-fo...
Emotions can be very random and have a large range. Here& #39;s how to be able to handle them: Emotional flexibility https://getpocket.com/explore/item/emotional-flexibility-how-to-hold-everything-at-once">https://getpocket.com/explore/i...
This article from Stears Business is important for African startups looking to build trust with digital payments and e-commerce. Why do Nigerians trust Instagram vendors? https://www.stearsng.com/article/why-do-nigerians-trust-each-other-on-instagram-but-nowhere-else">https://www.stearsng.com/article/w...
Another important point for mission-driven innovators. Distribution is a key element for scale. Without it, your startup dies https://twitter.com/dwr/status/1230913026028523520?s=09">https://twitter.com/dwr/statu...
YCombinator released a new guide to raising a Series A fund https://blog.ycombinator.com/ycs-series-a-guide/">https://blog.ycombinator.com/ycs-serie...
A lot of founders and operators have asked us what we& #39;re thinking in these COVID times and how they should approach their businesses. Here& #39;s a #knowledgeshare thread on business resources for #COVID19
A best practices note to Indian founders by a consortium of investors. It& #39;s important to study each section carefully and pick the lessons that are relevant to your business #knowledgeshare https://www.notion.so/Best-Practices-for-Founders-in-the-wake-of-COVID-19-54f0c0db17064e6f9e5dd456d9cb26de">https://www.notion.so/Best-Prac...
Michele Daoud - a partner at a South-East Asian VC firm penned this great article. Founders must over-communicate with their teams this period #KnowledgeShare https://asia.nikkei.com/Opinion/Advice-from-a-venture-capitalist-for-startups-during-coronavirus">https://asia.nikkei.com/Opinion/A...
Now, some advice from us. We will keep this thread going as we gain more insight and learn more lessons from founders we work with.
First, when it comes to cost-cutting, one of the biggest mistakes we have seen founders and CEOs make is not cutting enough headcount at the beginning if they need to #KnowledgeShare
As difficult as it is, it is important to cut more headcount rather than less and to rehire if needed. If a company ends up reducing headcount multiple times, this will damage morale and drive away high performers #KnowledgeShare
Secondly, if there are ongoing commercial partnerships or sales contracts, make concessions and close the deal as soon as possible #KnowledgeShare
Lock in a longer-term contract: in an economic upturn, shorter-term contracts enable one to renegotiate prices up, so do the opposite in an economic downturn. #KnowledgeShare
