The opposite of courage in our society is not cowardice; it is conformity. — Rollo May, American Psychologist and Author

"Self education is, I firmly believe, the only kind of education there is." — Isaac Asimov

A friend @bsunderground just finished reading 3,000 books over the last 10 years. He has written up his primary learnings in this article. Enjoy! https://t.co/VZuexEAq6Y

Changing industries is hard. Do you think you could enter a new space, learn the problem, get talent, build a solution, find a path to market, and beat the incumbents? Are you being honest about your “incumbent” advantage?

Some truths are tragic. 𝐏𝐚𝐫𝐤𝐢𝐧𝐬𝐨𝐧’𝐬 𝐥𝐚𝐰: “The more we make, the less we keep.” Tragic, because it puts people in a position where they cant afford to take a risk they really want to. It was true a century ago and it’s true today.

"I have what other wealthy people will never have. Enough." What do you think did John Bogle mean by this quote?

If we only expect to find it in the hands of those select few in positions of obvious power, we are poorer for having overlooked the beauty and strength that's to be found in unexpected places. – Nancy Ortberg

Great leadership is occurring in the hands of quiet and unnoticed people who are creating environments where people can bring the best of what they do to what they do best.We greatly underestimate where great leadership is to be found and what we can learn from it...

3. Technological innovation has now created access to APIs from OpenAI or Microsoft without hardware.

𝐁𝐮𝐭 𝐭𝐡𝐢𝐧𝐠𝐬 𝐚𝐫𝐞 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠: 1. AI is now better than humans at specific tasks: image recognition and language understanding, for example 2. Generative AI is able to do creative work. Creative work doesnt have high accuracy requirements.

3. AI use cases needed high accuracy, making it risky to adopt : for instance, self-driving cars CANNOT hit people! 4. Humans are already really flexible and smart and tough to beat.

𝐖𝐡𝐚𝐭 𝐬𝐥𝐨𝐰𝐞𝐝 𝐀𝐈 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐛𝐞𝐟𝐨𝐫𝐞 𝟐𝟎𝟐𝟒? 1. A signficant hardware investment was required for data centers, etc. 2. The high cost to create the AI model required a billion dollar problem to be worth it.

The first technological epoch, the development of the computer, made computing 1,000,000x faster. The second epoch, the internet, made distribution 1,000,000x faster. What will the third epoch, AI, do?

𝐇𝐨𝐰 𝐭𝐡𝐞 𝐩𝐫𝐨𝐬 𝐝𝐨 𝐢𝐭: Prioritize large deferred gains Don't spend more when wealth increases Understand asymmetric risk in high-growth investments You can learn how to balance risk and grow wealth exponentially.

𝐇𝐨𝐰 𝐚𝐦𝐚𝐭𝐞𝐮𝐫𝐬 𝐭𝐡𝐢𝐧𝐤 𝐚𝐛𝐨𝐮𝐭 𝐰𝐞𝐚𝐥𝐭𝐡: Become the most senior executive to maximize income The more I have the more I can spend Limit your high and low investment

What other mistakes have you seen your colleagues make?

Biggest SaaS Founder mistakes when identifying customer pain: * forgetting to assess the strength and frequency of the pain * building in a low frequency/low pain environment * not innovating enough in high frequency/high pain * not marketing enough in low frequency/high pain

Focus on solving problems first, and watch the business naturally emerge. It's a reminder that at the heart of every successful venture is a solution to a real-world issue.

Read more about this model here:

A solution that misses the customer's pain is not worth selling. Here are two things you need to do before you sell: 1. Understand the strength of the pain 2. Understand the frequency of the pain After you understand that, you can use this model to find your GTM strategy.