The Daily Loop #111
3 quotes, 2 short form tweets, 1 long form read and 1 piece of advice from me. Consume 2 minutes of information to help you advance your knowledge in different fields.
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 3-2-1-1 design (quotes, short-form content, long-form content and advice).
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.
3 quotes
“Hormozi Law: The longer you delay the ask, the bigger the ask you can make. “The longer the runway, the bigger the plane that can take off.”—Alex Hormozi
“Get a version 1.0 out there as soon as you can. Until you have some users to measure, you’re optimizing based on guesses.”—Paul Graham
“YOU ARE A ROUNDING ERROR. Those five words still motivate me to this day.”—Alexis Ohanian
2 short tweets
1/
I recommend following BowTiedBroke. Some great stories about the traditional work life. This one hits hard.
2/
This is certainly one of those traits you would love as a founder. But extremely hard to have, and not a need.
1 long read
https://twitter.com/alvinfoo/status/1649701931718422530
The story highlights the importance of knowing one's worth and being in the right place where one is valued. The girl's car was undervalued initially, but when she brought it to a passionate car club, experts recognized its true value. This illustrates the need to find the right people or context where one's worth can be appreciated. The story encourages self-awareness and seeking out opportunities where one can shine. (chatgpt, 3.5)
1 piece of advice from me
Hiring and firing is one of the hardest things to do as a founder. Never easy.
Doing layoffs is a good thing, especially for startups. You only do it if you have to. Whether that means bad money mismanagement or not building lean… the answer is not to “keep them”. It’s never a nice thing as a founder to do, but as a company it has to happen.
This is one of those topics where founders understand more than others, usually an unpopular take. The assumption is that it’s awful and you should never do it leads to the destruction of many companies.