The Daily Loop #10

Tenth edition of The Daily Loop. 3 long-form reads, 3 short-term tweets, 1 quote and some daily advice! Have a read.

The Daily Loop newsletter focuses on information that can be consumed in 2 minutes every day by linking to posts across the internet, formatted in a way that is easy for anyone to navigate. In a 3-3-1-1 design.

The goal is for as many people to read this daily and inspire them to think differently about certain things. It will primarily be around topics and industries I am interested in such as: startups, ai, success, innovation, change, crypto, nfts, etc.

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3 long-form reads

1/

Nathan Barry @nathanbarry

10 years ago, I started my first SaaS company. In that time, I’ve grown it to $33.4 million in annual recurring revenue. Here are 10 lessons I’ve learned over the last decade:

• TL;DR—Takes longer than you think, go all-in sooner, do direct sales, choose a niche, focus on product quality, build a culture of execution, don’t underestimate deliverability and fraud, meet customers and partners in person, use workshops to create urgency and move from cost center to revenue center.

2/

Dan Siroker @dsiroker

Twitter is full of advice from VCs to entrepreneurs on how to raise money. Having raised $208M from VCs in my career, here's the reverse: advice from an entrepreneur to VCs. 👇 (1/6)

• The most important thing to take from this is: Your reputation is everything and returns follow the power law.

3/

Michael Houck⚡️ @callmehouck

11 AI startup pitch decks you may have missed:

• Decks for some of the latest AI companies in this boom.

3 short-form tweets

1/

DAN KOE @thedankoe

If thinking about your future doesn't get you excited, it's time to set new goals.

• If your goals don’t excite you, you are less likely to achieve them because of a lack of motivation.

2/

Sam Altman @sama

experience and competence are not the same thing, and it’s wild how much many industries value the first over the second.

• I think this is because of how easy it is to filter those with experience. But the most important thing when building a team is hiring those with competence.

3/

BowTiedBull - Read Pinned Tweet or NGMI @BowTiedBull

Since humans are emotional, not rational, you should always think in terms of "better or worse" than expected. "He made $20,000 this month" doesn't mean anything without knowing the who. IE. if it's the CEO of Pepsi the world is in shambles.

• I’ve realised most arguments on social media start because of lack of context and arguing two different points.

1 good quote

“Behind every successful entrepreneur is a former failed self.”—Naval Ravikant

Experience is king. Failure is a blessing.

1 piece of advice from me

Building a good team is incredibly hard. Part of why it’s so hard is because you need to make decisions that people won’t like. You can’t make everyone happy. The first step to getting used to that is starting by saying “no” more often to requests that aren’t worth your time.

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