Your cost of customer acquisition will invariably keep growing in absence of customer love and word of mouth.
Pure performance marketing without a relatable brand story that triggers pride or conversation won’t hold up for long.
One of the criteria to judge one’s goodness is to see how he/she treats his/her early backers in life/business, especially after success.
I have seen many flavors of it.
Potential is more important than track record in a world which is changing faster than ever. Adaptability is more important than capability in most areas in such circumstances.
EQ wins over IQ. And a balanced combination can be super!
Real, deep, and unique insights are built on:
- exposure,
- observation, and
- an open mind.. towards possibilities.
If you desire to do something, you will find a way.
If something is a priority for you, you will find time for it.
For everything else, you will find an excuse.
My reasons for angel investing:
- meeting smart people
- backing audacious people &goals
- seeing the future ahead of time
- be part of creating the new world
- loads of learning
- great alternate investment (for me this is the only investment I have known for the last one decade!
Spending quality time with gritty and passionate founders, who solve real problems, gives me a lot of energy.
Soaking melodramatically, it adds days to my life.
This is my biggest gain getting involved with startups as an investor.
To get rid of stress, and have fun at work, embrace curiosity and a growth mindset.
Every morning ask yourself:
- What new am I going to experience today?
- What am I going to learn today?
In business,
Speed is overrated,
Sustainability is underrated.
Experience can be a liability and drag,
because it nudges you to recycle your ideas,
as it is the easy thing to do.
It is critical to know when you can dip into your mental model to make quick decisions, and when you need to apply deep first principle thinking to find disruptive answers to your questions.
It’s time vs. creativity most of the time.
To assess someone:
- do not ask what he knows
- put him to think
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Key to success in aggregator model: