Відео

The way Peter Thiel salivates about monopolies here is honestly disturbing. Monopolies result in worse outcomes for all involved except the owners.

I really want to know which are the way 'easier ways' to get rich other than found a startup...

i am watching this on 20th of may 2024 💪

this was first lecture above six i watched in one sit. great public speaker. very smart man.

and... and... and... ahh. ahhh. ahhh. Some companies are successfull... and... and .. ahhh ahhh... some are not Great lecture

The key to starting a successful startup is to have a great idea that solves an important problem, build a product that users love, assemble a talented team, and execute relentlessly. Startups require immense dedication and can be extremely stressful, but the potential impact and financial rewards can be significant. Key moments: 00:24 Startups require a great idea, product, team, and execution for success. Luck plays a role, but focusing on these areas increases chances of success in the hyper-growth startup world. -Importance of a great idea in startups. While execution is crucial, a bad idea remains detrimental. Successful pivots often stem from founders' desires, not random ideas. -Evaluating startup ideas involves considering market size, growth strategy, and defensibility. Long-term planning and thinking are essential for startup success and growth. 06:02 Startups should focus on building a business that's difficult to replicate, emphasizing the importance of a good idea over the startup itself. Waiting for a compelling idea and being mission-oriented are crucial for startup success. -Choosing an idea you feel compelled to explore and love is essential for startup success, as waiting for the right idea can lead to better outcomes. -Being mission-oriented is key for startup success, as it drives focus, productivity, and dedication, attracting support and making it easier to navigate the challenges of starting a business. -Selecting a mission-oriented idea that excites people and stands out from derivative concepts is crucial, as it motivates teams to work hard and attracts support for the project. 12:04 To succeed in a startup, focus on building a great product that users love, as it is crucial for success. Successful founders prioritize working on the product and talking to customers, ignoring distractions like PR and partnerships. -Importance of timing and idea selection in startups. Mark Andreessen's quote 'software is eating the world' highlights the abundance of opportunities. Sequoia's 'Why now?' question emphasizes the significance of timing for startup success. -Building a product users love. Founders should focus on creating something they need themselves for better understanding. Prioritize user feedback and iteration to ensure product-market fit. -Choosing user love over user like. It's better to have a small number of users who love the product than a large number who just like it. Start with a core group of passionate users for success. 18:08 Startups should focus on building a product that a small group of users really love, as organic growth through word of mouth is crucial for success. Simple products that excel in one thing and founders' fanaticism in quality are key to building a great product. -Importance of organic growth through word of mouth for startup success, emphasizing the need for a product that users genuinely love. -The significance of simplicity in product design, starting with a basic yet excellent feature to create a product users will love. -Founders' fanaticism towards product quality, attention to detail, and customer support as essential elements in building a successful product. 24:13 Building a great product requires hard work and dedication, with founders directly engaging with users and focusing on key metrics for growth and success. It's crucial to understand the challenges and stresses of entrepreneurship to make informed decisions. -Direct founder involvement in sales and customer support is vital for early-stage startups to embed a culture of engagement with users. -Utilizing metrics like active users, cohort retention, and revenue is essential for startups to track growth and make informed decisions. -Entrepreneurship involves significant responsibilities, stress, and hard work, requiring founders to be always prepared and dedicated to the company's success. 30:15 Entrepreneurship comes with unique stressors like media attention, commitment, and decision-making challenges. Managing one's psychology is crucial for CEOs to navigate conflicts and prioritize effectively, impacting the company's success. -The stress of unwanted media attention and the impact of positive vs. negative publicity on entrepreneurs. -The long-term commitment and career implications for founders compared to employees in startups, emphasizing the need for dedication and resilience. -The challenges CEOs face in decision-making, conflict resolution, and managing priorities to minimize disappointments and drive company success. 36:22 Joining a late-stage company can provide significant impact due to existing user base and infrastructure, leading to massive innovations like Google Maps and Facebook's like button, showcasing the correlation between financial reward and world impact. -Benchmarking potential earnings as an entrepreneur based on successful company joinings like Facebook and Dropbox, emphasizing the importance of confidence in building a $100 million business. -Exploring the impact of joining late-stage companies on innovation and user reach, illustrated by examples of impactful products created within established companies like Google and Facebook. -Emphasizing the necessity of passion and alignment with solving important problems as key drivers for entrepreneurial success, highlighting the significance of making a positive impact on the world. 42:26 The founders of Asana were passionate about their idea, working on it day and night, convinced of its value and uniqueness, driving them to start the company despite challenges. -The founders worked on an internal task manager at Facebook, driven by their passion and belief in its value, leading them to start Asana. -They were convinced of the uniqueness of their solution, seeing incremental alternatives in the market, motivating them to pursue their idea. Lucky

Title: Competition is for losers *unprovokedly flames 3 separate industries in the first 10 minutes of the lecture*

I'm watching at the age 17😮

What he’s advocating for is fascism. He can’t say it, nor does he strike me as someone who would even knows what it means. Use government protection to create a monopoly for your business. He’s just another boot licking money worshipping monster

Ahh yes, use government protection to create a monopoly. True capitalism

Those are one of the worst advices that I ever heard. 👎👎👎👎

2024

Are these lectures still relevent, or anybody has any better recomendation

Are these lectures still relevent in 2024, or does anybody here has a better updated recomendation

How to build technology for small business owners and s*** them

Quite tautological: Monopolies avoid competition, duh. Make 10x improvement and you will get an insurmountable advantage, duh(2).

I'm curious to know if anyone who attended these Stanford lectures 9 years ago has a successful startup today. The quality of these talks is impressive, and I'd love to hear about their journeys and successes!

Would have loved it if it was condesed to 10 minutes. I found it drawn out. Was still worth listening

This is pure gold.

Who just saw that like button effect

dude has really come a long way

wow

How many watching today is 09-May- 2024

Damn!! Sam was doing it way back

“A society grows great when old men plant trees in whose shade they shall never sit." ~ perhaps this is true of scientists and artists. We cannot all be business people and obsessed with profit.

From 20 monster left

Hey future me today is May 5, 2024 11:02 pm I hope you have achieved what you were promising yourself 😊

Who is here after 20VC podcast where Eric gave this vid a shoutout?

It is an interesting talk. We don't know if some of these markets will actually expand so the value is captured by somone willing to bet that an industry will be there in five years. Still, the idea of monopolies makes me uncomfortable.

watched this 9 years ago, working on a startup idea .. waaait a minute .. is that sam altman - ceo of Open AI lol

This is gold on the internet which is underrated. Cringe videos get billions of views.

On "Competition as validation", in terms of personal development, if competition is for losers, then what is for winners? Identifying what's more important and valuable to oneself and pursue and specialize in it?

Thanks for sharing! I love Reid Hoffman's examples of the founder's mindset. The phrase "You have to be both" regarding seemingly opposite things is exactly what I've noticed while building products.

If you were to listen to your own lecture, you would probably learn something about your flow and interpretation

That’s crazy how capitalists always say competition is the only driver we need for consumer protection, and then turn around and teach each other shit like this. This selfish mindset is the downfall of this country and it will destroy us all.

HUM ....

I will come back here in 5 year to say how rich i got i am currently really broke

Power can not be left to chance much less fairness a level playing field and actual competition.

Well that was depressing and inspiring AF, LoL

By YouSum Live 00:01:22 Evolution from physicist to cocktail site creator. 00:01:48 Transition to growth marketing through Google AdWords. 00:02:45 Importance of retention for sustainable growth. 00:03:20 Analyzing retention curves for business viability. 00:04:26 Utilizing retention analysis for business predictions. 00:07:20 Dimensional reasoning for problem-solving insights. 00:10:47 Defining and aligning with a company's "North Star." 00:11:09 The whole company as the growth team. 00:13:26 Importance of focusing on the right growth metrics. 00:15:50 Driving towards the magic moment for user engagement. 00:17:17 Simplifying growth strategy to essential user experiences. 00:17:38 Connecting friends is vital for social media engagement. 00:17:51 The magic moment on Facebook is seeing a friend's face. 00:18:03 Services prioritize connecting users to desired contacts swiftly. 00:18:16 Unique finds like collectibles drive eBay's magic moment. 00:18:30 Discovering appealing listings defines Airbnb's magic moment. 00:18:42 Initial payment marks a significant moment for Airbnb and eBay. 00:19:23 Focus on user growth, not personal preferences, for optimization. 00:20:31 Resurrected and churned users are crucial for sustained growth. 00:21:15 Establish a clear north star metric for company success. 00:21:38 Choose a metric aligned with mission and values for growth. 00:23:00 Prioritize internationalization to overcome growth barriers. 00:28:39 Virality hinges on payload, conversion rate, and frequency. 00:32:46 Word-of-mouth drove Facebook's growth more than viral marketing. 00:33:09 Reduce friction in the conversion process for better results. 00:34:29 Frequency and conversion rates are interrelated in marketing. 00:35:05 Consistency in messaging for higher conversion rates. 00:35:37 Importance of focusing on drivers for growth. 00:35:50 Understanding the viral product development process. 00:37:01 Calculating the k factor for virality success. 00:38:23 Emphasizing retention over virality for success. 00:38:44 Key factors in effective SEO strategy. 00:42:14 Deliverability crucial for email, SMS, and push notifications. 00:45:31 Utilizing notifications and trigger-based campaigns. 00:46:50 Execution speed and hunger for growth drive success. By YouSum Live

By YouSum Live 00:00:39 Aim for monopoly, avoid competition. 00:01:12 Value creation formula: X value, Y capture. 00:01:34 X and Y independence for business success. 00:02:00 Airlines vs. Google: size vs. value. 00:03:40 Perfect competition pros and cons. 00:05:01 Binary view: competitive vs. monopoly businesses. 00:05:24 Lies in business: monopoly vs. competition. 00:14:44 Monopoly creation: start small, expand concentrically. 00:20:45 Proprietary technology: order of magnitude improvement. 00:21:19 Network effects: valuable but challenging to start. 00:21:39 Economies of scale and branding for monopolies. 00:22:17 Software businesses excel in economies of scale. 00:23:13 Last mover in a category holds lasting value. 00:23:31 Most company value lies in future cash flows. 00:24:40 Overvaluing growth rates, undervaluing durability in Silicon Valley. 00:25:28 Monopolies require lasting proprietary technology and network effects. 00:32:13 Vertical integration key to complex monopolies' success. 00:34:54 Software's fast adoption rate critical for market dominance. 00:37:40 Competition may hinder true value and importance assessment. 00:41:33 Winning competitions may obscure true importance and value. 00:42:43 Focus on determining the actual market objective. 00:42:59 Beware of incentives distorting market perceptions. 00:43:04 Monopolies leverage network effects, tech, scale, and brand. 00:43:40 Differentiation in mobile payment systems through shapes. 00:44:05 Emphasize unique market approach and proprietary technology. 00:44:37 Skepticism towards lean start-up methodology for innovation. 00:45:04 Great companies innovate significantly, not just iteratively. 00:45:51 Risk mitigation challenges in balancing time and significance. 00:48:14 Competition as validation leads to wrong decisions. 00:49:36 Acknowledge and address the profound impact of competition. By YouSum Live

29:10 Yandere Simulator

Damn this man spitting bars for 43 minutes straight god damn

I'm surprised he talked about building Asana as an internal tool at Facebook. Doesn't that mean Facebook would own the core IP? 🤔

Great presentation but god DAMN with the water.

I'll skip this because Adora doesn't have any successful experience. I prefer listening to real business owners than failed startupers (indistinguishable from con artists). Show me you can actually build a profitable business before lecturing. Otherwise the playlist it's awesome.

A masterclass in sociopathic economics. The philosophy that Jack Welsh introduced to world that killed GE and is killing Boeing. A model to explore the gambling nature of market exchanges and take money from idiots.

ua-cam.com/video/cVZjIpCh9ng/v-deo.htmlfeature=shared For new startup

no way, the guy doing the intro was sam altman

AT 37 minutes right now, and just wow. Still supe relevant today. He has identified the relevant patterns.