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.
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:
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.
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.
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
- 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.
But you need insight to act on inflections.
Seeking out insights are great ways to help discover inflections.
Think through “What could go right?” to different scenarios.
Research to iterate and expand.
1. Reverse Engineer
2. Media Spend
3. Databases and Media
4. Unbundling
5. Cultural Shifts
Let's dive in to each on
It’s amazing how much data is out there on big companies.
When Sam gets interested, he finds out who the biggest player in the space is, and 1) reads their annual report, 2) talks to the employees
• Crunchbase
• Pitchbook
• CBinsights
• https://t.co/H4RJIOruwO
• https://t.co/HhJTKbmTQN
1. To learn about a website’s traffic
• 0-150k = meh
• 150-1m = interesting
• 1-10m = very meaningful
• 10-50m = huge
2. Bounce/rate
3. Pages Per visit
4. Avg visit duration
• 0-1 mins = eh
• 1-3 min = good
• 3+ min = great
@theSamParr found a website LitErotica:
• Ugly site
• 60m visits, 18 minutes spent, 65% direct, and most search is brand names
• Sam thought this was neat. What a huge market he knew nothing about!
1. He created a similar site
2. In a week, it got to $500 MRR.
3. Sam wasn’t interested - but he told someone about it. They created a version that hit $72k ARR in 6 weeks.
4. All from the insight from: there’s demand.
It’s really to easy to see all the ads people are browsing - tells you what factors people look for in a product.
• Facebook Ad library
• Moat
• SEMRush - all ads being run on Google/Bing
• JungleScout - all ads being run on Amazon
• Checked out FB Ad Library
• All creatives had 2 keywords: Paraben and Aluminum
• Insight: These were what consumers care about
• Forbes Billionaire Index
• Inc 5000
• Mixergy
• 2PM
You can spot trends from the emerging businesses in these regions.
How to use databases:
1. Go to interviews/posts with founders
2. Create personal database tracking company date, growth, rev etc.
3. Nerdwallet - found it was a strong biz model:
Revenue not directly correlated with traffic. Highly efficient model to explore.
There are a bunch of big companies out there that can't focus on everything.
This means they are average in different sectors.
This offers the opportunity for specialized, vertically focused businesses to come in and thrive.
The key is seeking out a combination of engagement, growth rate, and value.
P&G's entire business model has evolved to acquiring companies that have the three above traits.
IE:
- Harry's
- Native
- Thinx
If breaking down businesses and researching opportunities is the stage you are at right now.
Check out: https://t.co/wTZfWnEJdE
More from All
Master Thread of all my threads!
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
A THREAD:
— Aditya Todmal (@AdityaTodmal) November 28, 2020
7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
Here I'm listing the resources every beginner should go through to shorten their learning curve.
(1/10)
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
The absolute best 15 scanners which experts are using.
— Aditya Todmal (@AdityaTodmal) January 29, 2021
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
Share for the benefit of everyone.
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
12 TRADING SETUPS which experts are using.
— Aditya Todmal (@AdityaTodmal) February 7, 2021
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Curated tweets on How to Sell Straddles
— Aditya Todmal (@AdityaTodmal) February 21, 2021
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.
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1/ Here’s a list of conversational frameworks I’ve picked up that have been helpful.
Please add your own.
2/ The Magic Question: "What would need to be true for you
3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.
“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
4/ Other Q’s re: decisions:
“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”
“What’s end-game here?”
“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
Please add your own.
2/ The Magic Question: "What would need to be true for you
1/\u201cWhat would need to be true for you to\u2026.X\u201d
— Erik Torenberg (@eriktorenberg) December 4, 2018
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody: https://t.co/Yo6jHbSit9
3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.
“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
4/ Other Q’s re: decisions:
“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”
“What’s end-game here?”
“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
