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January 23 - March 22, 2022
You can go to an infinite number of meetings in Silicon
Folks prefer narratives that make them feel safe, however removed from reality those narratives might be.
If you can sell a product to companies in New York but not in Atlanta, the problem isn't your product.
“Super grower” companies, which McKinsey defined as 60% or more annual growth, had five times higher returns than medium growth companies (which had less than 20% annual growth).
Once a start‐up begins showing profits, investors conclude that either it doesn't know how to invest in further growth or that it has run out of growth opportunities.
In my experience, anxiety about growth is a bigger problem than ignorance about growth. Leaders become afraid to burn too many resources or to make hard choices about where to invest their limited capital. Some are afraid that if the enterprise gets too big, they will lose control. Others are afraid that if they really go for it on growth, they may spin out and humiliate themselves.
It's not easy to position and articulate your “product” effectively, so it's worth practicing.