Maker movement is doing to startups what startups did to corporations.
Here is why 👇
In big, slow corporations, innovation is a RISK and distraction from the core $$$ profitable business.
Agile startups could launch, iterate fast and eventually stumble upon new growing market opportunities.
When a startup reaches product-market-fit, it has to 🚀 "grow at all costs" and reach market dominance before some giant corporation can replicate their new product and distribute it to their existing giant customer base.
Hence, to be sustainable, startups have to constantly chase investor money.
Startup teams spend more time finding and pleasing investors, than finding and pleasing customers.
Same way corporations die, when unable to adjust to new technology and market shifts.
For startups, growth is everything, and early monetization or lack of capital is a RISK that can slow down their growth.
If customer is unwilling to pay in advance, they move onto the next idea. Often the next month or week.
Startups chase markets that would justify team effort + investor’s money.
This creates an opportunity for Makers to go after even smaller markets, start making money right away, self-sustain and expand.
The next major breakthrough for Maker movement would be an ability to collaborate and evolve into larger organizations.
But not into a “startups” as we know them…
More from Makers
If you’re a creator, get an invite here 👉 https://t.co/D8H6g8TL9o
Week 2 highlights: our first ever podcast 🎙, meeting @Jason 🦄, shipping @BREWdotcom alpha 🚢 & laptop stickers!
2/ First off, thanks for the mind-blowing response last week (120k+ views 😲 omgwtfasdasd!)… absolutely pushed us to get the product out there.
also, there’s something magical about watching people try a buggy product and fixing it on the go 🤓
1/ \U0001f44b Excited to share what we\u2019ve been building at https://t.co/GOQJ7LjQ2t + we are going to tweetstorm our progress every week!— Jijo Sunny (@JijoSunny) November 6, 2018
Week 1 highlights: getting shortlisted for YC W2019\U0001f91e, acquiring a premium domain\U0001f4b0, meeting Substack's @hamishmckenzie and Stripe CEO @patrickc \U0001f929
3/ Thanks @JasonDemant for inviting us to grab some behind the scenes at @LAUNCH.
As a huge fan and avid listener of the @TWistartups show🎙, it was great watching @Jason do his thing live!
4/ 🎙@domainnamewire invited us to chat about acquiring https://t.co/GOQJ7L2faV domain and that was officially our first podcast ever. Check it out here: https://t.co/eusVCOlUSb.
You nailed it your first time, Maddy! 🍻 Thanks for having us on the show, Andrew.
5/ Great news: Brew partnered with @Tipalti to enable payouts for creators everywhere (unlike @kickstarter which only support 26 countries).
Platforms like Twitch use Tipalti to payout instantly and via multiple methods like Check, PayPal, local bank transfer, etc.
Independent and 100% owned by Joe, no networks, no middle men and a 100M+ people audience.
Joe is the #1 / #2 podcast (depends per week) of all podcasts
120 million plays per month source https://t.co/k7L1LfDdcM
📈 ~12000 vistis
☑️ 109 transactions
💰 353€ profit (285 after tax)
I have spent 1.5 months on this app. You can make more $ in 2 days.
I'm still happy that I launched a paid app bcs it involved extra work:
- backend for processing payments (+ permissions, webhooks, etc)
- integration with payment processor
- UI for license activation in Electron
- machine activation limit
- mailgun emails
These things seemed super scary at first. I always thought it was way too much work and something would break. But I'm glad I persisted. So far the only problem I have is that mailgun is not delivering the license keys to certain domains like https://t.co/6Bqn0FUYXo etc. 👌
omg I just realized that me . com is an Apple domain, of course something wouldn't work with these dicks
🚨 DrawKit: Gorgeous, hand made illustrations by @JamesDaly90!
Also, one FREE custom illustration for all 24hrstartup
🙅♂️💩 @noshit_app: No shit - just great design resources! Find fonts, templates, and daily design inspiration. By maker @HarowitzBlack!
🛠 Figma: Visual mockup + prototyping tool. Make great mockups of your project!
🤯 Digital Psychology: A great resource on how to design products that convert visitors to 🤑 sales. By maker @DaniStefanovic!
Controversial question. Does it matter if you are a user of your own product?— Jon Yongfook (@yongfook) September 3, 2019
As an indie maker you have a huge advantage if you can genuinely dogfood your product. Don’t do what I did and try to make a product for teams if you’re just one person. That’s really, really dumb 🙃
Before searching for product-market fit, ask yourself if you have founder-product fit. It is a humbling question but one worth investing the time to answer truthfully.
In hindsight, I have low founder-product fit with Talkshow. It’s for teams but I’m solo. It’s a big broad idea but as an indie I should be focused on a niche.
Just braindumping 🤪 Again thanks to @tylertringas for the micro-saas content on his blog, it helped me navigate / articulate some thoughts I was having.
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The divine abode of Mallikarjuna Swamy (Jyotirlinga) and Devi Brahmaramba (Shaktipeeth).
When Ganesha was married before Kartikeya, he left in anger to Kraunch mountain. Shiva and Parvati also followed him there.
Shiva assumed the form of Jyotirlinga and resided on the mountain by the name of Mallikarjuna. Mallika means Parvati while Arjuna is another name of Shiva
It is also said that once, a princess Chandravathi, saw a cow shedding milk on a rock resembling a shivlingam.
She started praying to the lingam daily and used to offer jasmine (mallika pushpam) daily. Pleased Shiva appeared before her and agreed to wear jasmine garland (mallika pushpmala) on his head permanently. Since then, Shiva became known as Mallikarjun Swamy.
At this place, Shakti took the form of Bhramaram (bee) to kill Arunasur and settled as Bhramaramba Devi. The place is a Shakti Peeth as the neck portion of Devi Sati fell here.
It is said that by merely seeing the hill, one is emancipated from all his sins and worries.
Bin Salman heads only one faction.
Mohammad Bin Salman [MbS] not only has to deal with states in the region that want to thwart his plans for Saudi Arabia [SA} & the Middle East [ME] such as Iran, Turkey, Syria, Russia, Quatar...he also has people inside SA itself that don't like his reforms or agenda.
So when the narrative gets presented that "The only way Khashoggi could end up dead is on the direct orders of MbS" you might want to keep this in mind.
There are SEVERAL ways Khashoggi could end up meeting his demise at the hands of Saudis not working on the orders of MbS.
Powerful factions within SA, several of whom do not like the Crown Prince's reforms or the fact he was promoted to his current position ahead of others in the royal family, could have done this in the hopes of pinning it on MbS.
Too many false/fake news stories came out of Turkey in the past week to say anything further. This latest news comes just after it was reported Pompeo heard an audio of the killing that was quickly walked back in less than a day.
A thread 👇
Entrepreneur\u2019s mind.— James Clear (@JamesClear) August 22, 2020
When you choose who to follow on Twitter, you are choosing your future thoughts.— James Clear (@JamesClear) October 3, 2020
Working on a problem reduces the fear of it.— James Clear (@JamesClear) August 30, 2020
It\u2019s hard to fear a problem when you are making progress on it\u2014even if progress is imperfect and slow.
Action relieves anxiety.
We often avoid taking action because we think "I need to learn more," but the best way to learn is often by taking action.— James Clear (@JamesClear) September 23, 2020
Time for a🧵
Mitesh Sir's EXPIRY Option Selling 101:
• What to look for?
• Strike Selection & Ratios
• SL mgmt
• Avoiding freezes
• Monthy Expiry
• Event days
• How he would have traded last expiry?
In collaboration with @AdityaTodmal
Edward de Bono says intelligence is like a🚗 Automobile
“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”
What @Mitesh_Engr Sir looks at for Expiry Trading:
• Technicals of BNF
• Individual Heavyweight stocks of BNF
• Support/Resistance of BNF on weekly TF
• Also has Superb SL management
• When it comes to adjustments, he is always on toes
How to Select Strikes to Sell?
• You can't sell based on premium
• Follow only trend
• Price action is best to sell on expiry day
• Never wait for the options to go to zero
Using Ratios to Sell:
• If BNF is in a range then strangles
• If breakout/ breakdown from a range then directional
• Selling 70/30 or 80/20 ratios
• 2 examples on how he used ratios
In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.
Your idea is not valuable, at all. All value is in the execution. You think you are an exception; you are not. You should not insist on an NDA to talk about it; nobody serious will engage in contract review over an idea, and this will mark you as clueless.
Technologists tend to severely underestimate the difficulty and expense of creating software, especially at companies which do not have fully staffed industry leading engineering teams ("because software is so easy there, amirite guys?")
Charge more. Charge more still. Go on.
The press is a lossy and biased compression of events in the actual world, and is singularly consumed with its own rituals, status games, and incentives. The news necessarily fails to capture almost everything which happened yesterday. What it says is important usually isn't.
Companies find it incredibly hard to reliably staff positions with hard-working generalists who operate autonomously and have high risk tolerances. This is not the modal employee, including at places which are justifiably proud of the skill/diligence/etc of their employees.