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Unexpected lessons from VC/startups: - being nice is a competitive advantage - everyone struggles behind the scenes, even the big success stories - 75% of success is luck, but you still need the other 25% (hard work+talent) - most professionals should be numerate; many aren'thttps://twitter.com/paulg/status/1215673204125073408 …
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4/ Finally, some billionaires are wonderful people and some are awful, just like some minimum wage workers are wonderful people and some are awful. The solution is not to punish billionaires, but instead to punish bad behaviors.pic.twitter.com/JyUYElNZNQ
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3/ Note that no one says, "once a salesperson sells $500k, that's more than enough, so we'll stop paying them commission." Or, "this team already won two Superbowls, so let's ban them from future championships." So why would capping incentives for value creation be a good idea?
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2/ Would you rather have access to Amazon, Uber, Apple, FB, Google, Ikea, Walmart, Ford, etc. while the founders of those companies become very rich, or would you rather have neither the founders becoming wealthy nor those companies' products?
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1/ My defense of billionaires: becoming a billionaire is generally tied to creating MANY billions of value for others. The societal contributions of billionaries increase our quality of life MUCH more than their existence decreases our quality of life.https://twitter.com/eriktorenberg/status/1224162470945685504 …
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I'm so excited about the big game today! Best driving conditions of the year, and no lines anywhere. It's like a little piece of Burning Man week, but in February.
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Posting my most contrarian opinion ever: I did not like the Good Place finale. Anyone else?
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If you're interested in how raising a VC fund works, here's an excellent AMA with
@semil.https://twitter.com/semil/status/1224043642219720704 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Leo Polovets Retweeted
Top 10 reasons to start a startup: The friends you’ll make for life.
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Leo Polovets Retweeted
I wrote up my thoughts about Elliot, a new ecommerce platform that’s minimizing friction on multiple different levels, after using it to build a store. Check it out:https://blog.gecawich.com/the-rise-of-elliot/ …
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Leo Polovets Retweeted
Reasons why startups should price relatively high in general: 1. Easier to lower prices than raise them 2. PMF at low price doesn't mean PMF at a higher one 3. Less likely to leave money on the table 4. If your product is actually 10x better, it's worth it What else?
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Leo Polovets Retweeted
Most people never, ever forget the first person to give them a sizable advance on their own self-confidence — there's no greater security in life than being a serial enabler of wonderful young people
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I'm excited to dig into this. "Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications" by Nassim Taleb (On a side note, I think this is the first time I've ever shared something by a person I've blocked.) https://arxiv.org/abs/2001.10488
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I know I've listened to a lot of pitches this week when I reply to an email with "let's fund a time to chat."
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(Not subtweeting any specific city, just a random observation.)
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The lack of seed stage venture capital in most cities is crazy to me. Once a company has traction, it can get attention from VCs across the world. But at inception, a lack of local capital makes it very hard to get off the ground. I'm bullish that this will improve in the 2020s.
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A very succinct explanation of why most licensing requirements are arbitrary and unfair. https://www.adamtownsend.me/regulating-licensing-gig-workers/ … (h/t
@datarade)pic.twitter.com/RDCDVGKsK4
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The amazing story of how Cliff Young won the Sydney/Melbourne ultramarathon at age 61 is a
analogy to building a big company:
- you need tremendous endurance + hard work
- apply a novel approach
- key motivation is the challenge, not the $
- success = creating value for otherspic.twitter.com/VYxlH0XHV0
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Leo Polovets Retweeted
Thanks
@delame and@jenlfitzgerald for letting@SusaVentures continue to back your awesome company.https://twitter.com/Policygenius/status/1222909849240993793 …
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"In 15 minutes."
An o̶v̶e̶r̶n̶i̶g̶h̶t̶ 15-minute success that's 25 years in the making.https://twitter.com/business/status/1223006760887365632 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Exciting news: Policygenius has closed a $100M Series D funding round! This is a huge boost to our efforts to help people get insurance right in 2020 and beyond. More info here: