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▬ In this video ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
I’m on a business trip in NYC, meeting investors and possible hires. While there, I go through the four most important lessons I learned over the past year working on building startups.
Summary of the four lessons learned:
1. Types of Startup Founders: Understand the two types of startup founders - those who wait for the right idea and those who actively seek out ideas. Recognize that good problems suitable for startups are rare, and even great ideas need experienced handling.
2. Flexibility and Learning: Most startup ideas might not be as good as they initially seem, but the key is to be flexible and open to changing your direction based on what you learn along the journey.
3. Passion vs Opportunity: You don't need to be deeply passionate about a specific problem to succeed in startups. Sometimes, the most lucrative opportunities lie in "boring" industries that many overlook.
4. Building a Team and Culture: The importance of building something meaningful from the ground up and surrounding yourself with brilliant people. It's not just about the product or industry; it's about the people you work with and the culture you create.
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This video was sponsored by Brilliant.