Stoa
@StoaHQ
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India’s best alternative to the traditional MBA.
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Joined September 2020
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Pinned Tweet
Stoa is all about TOUGH LOVE.
If you step into our world, here's our promise to you 👇🏼
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The whole point behind Stoa is to help you build a secure enough career moat so that you don't have to resort to posting low-IQ engagement bait on Twitter for attention.
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The tragedy of nearly limitless and free educational content is that downloaded, saved, and bookmarked doesn't mean read, understood, and applied.
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“Beta, why don’t you do an MBA?”
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Today’s tip on avoiding feeling like a failure 👇🏽
Pls don't open LinkedIn. CAT scores are out.
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19/ Key Takeaway:
Incentives drive human behaviour. Failing to identify them and recognize their importance often affects long-term trust, leads to failed negotiations, and creates soured relationships.
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When 7 interns at your startup work on 1 social media post and call it "teamwork."
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Here's the No. 1 mistake early-stage founders make while creating a strategy and how you can avoid it if you are starting a business.
A Thread 🧵👇
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hello, is this the police?
pls help, someone stole the 'school' from our name 😳
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Edtech in India has now become that toxic family you do not want to associate with anymore
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Unpopular advice but remember that it is OK if you don’t have 672 streams of income.
Don’t scramble out of the FOMO on socials — not as many have it sorted as you think.
Focus on the job you have & demonstrate that you can do great work. You will turn out fine in the long run.
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14/
1. Misaligned rewards: The agent's rewards are independent from the principal's rewards. So, it doesn't matter to the agent if the principal succeeds.
2. Information asymmetry: The principal is blind to factors that are influencing the agent's decision-making.
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2 mins of silence for all of you who plan on updating your personal website over the weekend but never end up doing it.
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15/ To solve this problem, you have to make sure that both the agent and principal get rewarded for mutual success.
A timeless adage to demonstrate alignment of incentives and equal sharing of the pie would be:
"I cut, you choose."
Or 👇
If you're intellectually honest and advocate for a system that controls people, turn over the keys to your enemies for a dry run.
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Amidst all the
#ParagAgrawal
hype, it's good to remember that startups hire talent and skill, not castes and nationalities.
Work on what's important and the rest takes care of itself.
Instead of focusing on brain drain, let's prepare more Indian talent to take on the mantle :)
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If you’re being recruited by a startup, ask them about their employee retention rate. This is a good indicator of company culture and how happy people working there are.
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nobody will remember:
- your salary
- your fancy title
- how ‘busy’ you were
- how stressed you were
- how many hours you worked
but people will remember:
- which cohort you belong to
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There's just one cold email format asking for a job that any founder will seriously respond to. Here it is in a single tweet:
1. Here's an issue your startup can solve
2. Here's how I plan to solve it
3. Here's why I'm fit to solve it
4. Here's step 1 of the solution
Done.
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When evaluating a potential career move, ask these 5 questions.
A thread 🧵
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Indian EdTech startups are coming together to create a new narrative, which replaces older, less useful stories like
1. You can't get a job without a degree
2. You can't get hired without a resume
3. You need to be from prestigious institutions to get access to high-paying jobs
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In today's edition of programming concepts applied to startups and careers:
Let's talk about the Greedy Algorithm and how it can help you make better decisions.
A thread 🧵
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We are doing a space with
@SwapAgarwal
, Founder and CEO of
@roc8HQ
on how you could build a “proof of work” for yourself.
Proof of Work or PoW is the résumé of future, join us at 10 pm for the session.
Set your reminder!👇
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1/ Here's what no one told you about the famously talked about cognitive bias called
"Loss Aversion."
A thread you will not regret reading, we promise :)
..........................................................................................................................
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420 RTs and we will explain what this tweet means.
Best thread on entropy, complexity, and wealth you will ever read.
Promise.
Market caps are entropic complexities that keep moving to more efficient companies and retains for a while due to asymmetric moats and data.
Wealth is an entropy complexity that keeps moving to more efficient people and retains for a while due to asymmetric skills and intel.
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First fundraise coming out of the
@StoaHQ
community!
@getburncal
has raised $330K 🚀
Congratulations to Vichar Shroff (C3) on getting this far.
Here's to making millions of people fit at home! ✨✨
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Curious to know what goes on for the 12 weeks of the General Management Program at Stoa?
Follow the journey of our first cohort on this thread 👇🏽
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Success in both a startup and a career has more to do with the number of mistakes you can tolerate and still keep going versus how smart you are.
Also, it's better to have 100 small mistakes happen early on than to have one big mistake happen later.
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It's no secret that starting your investment journey early will give you massive compounding results!
To help you out, we are hosting a Space at 10 pm with
@Anshuman_306
where we will be discussing how you should invest in your 20s.
Set your reminder:
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The real question is, what are you willing to spend 18 hours a day on, if at all?
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Sometimes, the hardest part about learning how to do something is starting.
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100 RTs and we’ll actually sell degree ka achaar 👀
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and oh — boyfriend, partner, parents, kids, friends, pets, that nosy neighbour, uncle who asks you when you’re doing your MBA…everybody is welcome to the fam 🤗
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To rate a craftsperson, check attention to detail in execution.
To rate a strategist, check how much leverage they create.
To rate a visionary, check alignment in product decisions with the larger vision and mission.
To rate an operator, check ability to manage people.
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☕️ Stoa Community Event ☕️
We’re hosting our girl
@trdessai
for a chat around the
@FilterCoffeeHQ
story 😌
See y’all, Stoans!
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Dreaming of a world where more Indians move from thinking in terms of ‘LPA’ to ‘$M’✌🏽
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If you see your career as a linear graph, then taking a pay cut to build a certain set of skills seems like a bad career move.
But if you see it as a 30-year-long game, then using your twenties to build up skills needed for the next two decades seems like a great investment.
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16/ For example, an investor who has equity in your startup is much more aligned to the interests of the founder, than a consultant who gets paid regardless of how the startup performs.
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3/ What is it exactly and how does it apply to the Uber driver?
The 'principal' refers to the person who trusts the 'agent' to act on their behalf.
The problem arises when the *incentives* of the agent and the principal do not align. 🙅🏻♀️🚫
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20/ What other examples of the Principal-Agent Problem can you think of?
Let us know in the replies 👇
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An underrated metric to judge the success of a content platform is to see how many creators quit their 9-5 jobs to work on it full-time.
Examples: Youtube, Substack, Gumroad
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9/
#2
In the pharmaceutical industry, the patient, the doctor, the drug company, the hospital, and the pharmacy all have different financial interests.
Each of these except the patient and drug company are agents of one or more other parties, also with their own interests.
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6/ But this is in direct conflict with Uber's incentive of providing a good user experience to its customers!
The incentives of the principal here — Uber — are not aligned with the incentives of the agent — the driver.
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The biggest compounding in life always comes from self-awareness, learning, and relationships.
Money is just a side-effect.
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Why CAT when you can lion? 🦁🦁🦁
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Home is just Bangalore traffic and a bumpy flight ride away. Sahib's here for the Stoa Chole Batura party. Drop by. The gelusil is on him.
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5/ This indirectly incentivizes the driver to choose shorter trips over longer ones.
Because, by just meeting the no. of trips/week, they're still getting the bonus incentive without putting in as many hours at work. 💵
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If you leave your career in an MNC to do something else, it doesn’t mean you've failed.
It just means that you had the courage to acknowledge that it wasn't the right thing for you.
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Applying for a marketing/sales position at a startup?
Bypass the startup's jobs page and go straight to emailing the chief decision-maker for that role.
It allows you to flex your sales skill and resourcefulness, and acts as proof of work for the same.
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1/ You must've probably heard about a behavioural phenomenon called 'social proof'.
If you haven't...
Well, you have.
On Twitter, it's called
FOMO.
Here's a thread to help you understand why we actually feel FOMO, and why it is such a powerful force in marketing.
🧵👇
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Since you asked for a roast and tagged us, here you go 🙊🙊🙊
Roast our landing page of
@TalkieHQ
1. Share your feedback & ideas.
2. How much time did it take you to understand the product & problem we are trying to solve.
3. Are you excited for early access ?
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2/ Have you ever had your Uber driver call you up and ask you for your destination, and then eventually ask you to cancel the ride? 🤦🏻♂️🚕
Well, you just saw the Principal-Agent Problem in action.
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No, we can't.
At least within the traditional rubric you'll be judging us in.
Apply for the program at your own peril.
Like a saintly guy once said,
"Bilkul bhi ricks nahi lene ka."
- One example is
@StoaHQ
. The popular EdTech startup is a professional charter for young business talent.
- Given the startup boom in India, can startups like Stoa offer something better than traditional MBAs?
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17/ Similarly, a hedge-fund manager who partakes in both the upside and the downside of their fund performance is more aligned with the principal (the investor)
vs.
a manager who gets paid a bonus on the upside and doesn't lose anything for the downside.
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In many sports like skateboarding, mountain biking, etc. falling in all sorts of ways is inevitable while learning them.
This means that learning how to fall without injuring yourself is essential to learning the sport.
Applies to startups, too.
Learn how to fall well.
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@munawaralamreal
@Ravisutanjani
No, 6 months on the weekends.
Don’t know about Steve but Jobs for sure 😆
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Dosas and startup gupshup, anyone? 😋
Stoa is coming to Bengaluru and we want to meet all you startup folks over dosas and maybe some filter coffee!
It's happening on the 13th of March. Sign up and we’ll email you the deets if you make it to the list 👇
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A simpler pitch:
It is an Internet-first Business School without the BS.
Become a Full-Stack Business Generalist.
Learn all the business context and skill that matters to create wealth and value in the modern economy.
And learn it with people who want to make a difference.
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Everyone suffers from imposter syndrome at a startup, including the founders.
It's only natural to feel that way when doing things that have never been done before.
The cure:
Experiment, note your learnings, and write your own playbooks for the ones who come after you.
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Delhi has been magical. Having conversations with chole bhature, lassi and making serendipity happen has indeed been quite the ride.
Find the moments that we captured on-screen from the photo album link below. 👇
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In today's edition of programming concepts applied to startups, let's talk about the Big O Notation and how the concept of Time-Complexity applies to scaling any startup, process, or operation.
A thread 🧵
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18/ If the fund managers have no skin in the game, they are incentivized to make riskier bets, which wouldn't be in line with their investors' best interests.
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