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5 ideas on business from @balajis on @david_perell "The North Star" podcast
THREAD
1. The future of media is community
"Every new media company needs to be a media community as well”
I'll add: we are seeing this with @MightyNetworks
Every personal brand will have a community
THREAD
1. The future of media is community
"Every new media company needs to be a media community as well”
I'll add: we are seeing this with @MightyNetworks
Every personal brand will have a community
2. Hire undiscovered geniuses.
“The most challenging thing to do as an entrepreneur but, it’s also absolutely necessary, is to hire people who are better than you” - @balajis
Hire people who are hungry and can teach you something.
I'll add: get the incentives right, too.
“The most challenging thing to do as an entrepreneur but, it’s also absolutely necessary, is to hire people who are better than you” - @balajis
Hire people who are hungry and can teach you something.
I'll add: get the incentives right, too.
3. When writing to your team, put the critical information first.
I'll add:
Hiarchery of information is crazy important when communicating
esp. if your team moves fast
DO NOT bury the most important component
like the ONE thing that MUST get done
in the bottom of the email
I'll add:
Hiarchery of information is crazy important when communicating
esp. if your team moves fast
DO NOT bury the most important component
like the ONE thing that MUST get done
in the bottom of the email
4. “You will get what you optimize” – @balajis
If it's clicks, you will eventually get click-bait articles and headlines to get them.
Make sure you are optimizing for the right thing.
If it's clicks, you will eventually get click-bait articles and headlines to get them.
Make sure you are optimizing for the right thing.
5. Technology has the power to hyper-deflate costs.
“Anything that the technology industry touches, prices hyper-deflate” – @balajis
Everyone can get an affordable, personal car with Uber.
Everything that the government touches?
Prices inflate from regulation and red tape.
“Anything that the technology industry touches, prices hyper-deflate” – @balajis
Everyone can get an affordable, personal car with Uber.
Everything that the government touches?
Prices inflate from regulation and red tape.
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