The cover of Harari’s book reads “Sapiens: A Brief History of Humankind”. In fact, the book is more a philosophical meditation on the past, present and future of humans than a historical account. The author takes questions including: what is a human?, and, what makes humans happy?, and explores them through the lens of hunter-gatherer, … More Sapiens: My review of a book about humans
(Metaphorical) Death by bcc is the ultimate of all e-mail deaths. It ranks at the very top, above the basic e-mail blunder, and above the dreaded “reply-all”. For those that are too sensible to have fallen foul of these errors, let’s kick off with a baseline example of death by “reply-all”: You get an e-mail, from … More Death by bcc
1. Debt: The First 5,000 Years, By David Graeber. Great book because it gets us out of our very modern and restricted understanding of how money and debt work. Perhaps, most interestingly, it debunks the idea that financial crises are a modern phenomenon – rather, they have existed for millennia. The book also suggests that … More Pure Decent Books About How the World Works – May 2016
Based on what I know today today, I estimate that entrepreneurship is one third talent, one third luck and one third wisdom. Talent is not teachable and, at present, is very hard to identify in first time entrepreneurs. Luck cannot be taught nor bought but plays an important role in success, and, unfortunately, is often misinterpreted … More Part 9: Entrepreneurship = Luck + Talent + Wisdom
Sell when your company has achieved its mission. Sell when you have run out of ideas. Sell when the buyer offers a price that you feel reflects the company’s full potential. Theories on when to sell vary from the philosophical to the economic. These three mental models, gleaned from the work or writings of Elon Musk, … More Can you teach entrepreneurship? Part 8: When to sell?
Success in a startup requires skill in big sales. It is not widely known or accepted but big sales (e.g. which include hiring employees, getting investors and selling expensive products), require a set of skills that are very distinct from selling low price products (say, for less than $100). Sales is often something that we think of … More Can you teach entrepreneurship? Part 7: Be a master of big sales
A startup’s market size must be big enough to justify any upfront investment. Applying this logic suggests $5 million is a very minimum empirical market size for software startups. The same logic suggests very minimum market sizes for hardware should be larger, and, for pharma, much larger. Rigorously validating market size requires time and money and this … More Can you teach entrepreneurship – Part 6: Mastering Market Size