I'm helping @theSamParr and @gaganbiyani run Ideation Bootcamp.
Its primary goal: To teach people to spot and research scalable and viable product ideas that can grow to $100 million.
We're live with our first session now and I'll be live-tweeting my learnings below:
1/ On Ikigai
Because of Hustle Con, @myfirstmilpod, Sam's network.
He's seen behind the scenes of hundreds of businesses.
You don't NEED to love what you do, but having a sense of purpose certainly helps.
It removes a lot of luck and pain.
2/ On Starting Small
The key is to start small.
A small but intense fire is the goal.
Vision is thinking about a big, motivating goal. The future.
Execution is the early days, which are minuscule and just a fraction of the vision.
Think about both. They guide one another.
3/ On Inflections
Really big startups are often accompanied by inflection points.
Events or culture shifts that poured gas on the fire of their product.
Examples:
• Twitter + Rise of iPhone
• Bitcoin + Financial Situation of 2012
4/ Types of Inflections:
- Adoption Inflections
- Belief Inflections
- Regulatory Inflections
- Market/Technology Inflections
Inflections should be understood even before markets.
Entrepreneurs who live in the present tend to make the mistake of starting with the market first.