BC NETWORKEFFECTS
Saved by @AnmolNarula11

Can't get a job at Facebook?

You can always sell your startup to Zuckerberg for $19 billion.

Here's the crazy story of WhatsApp👇

 Jan Koum met Brian Acton in 1998.

They spent 9 years working together at Yahoo and became good friends.

But in 2007, they both left Yahoo with some cash and no plans.
At first Acton and Koum applied to Facebook

...and failed

they were proud members of the "Facebook reject club"
In January 2009, Jan Koum bought an iPhone and thought,

"Wow, this new App Store could be huge."

At the time, the App Store was 7 months old.
So he met with a friend named Alex Fishman to brainstorm app ideas.

Koum thought it would be fun to put statuses next to friends' names in your address book.

So he went to RentACoder..com to hire a guy to build the 1st version.
WhatsApp launched and got a few hundred downloads.

But it kept crashing.

After a few though months, Koum wanted to quit and look for a job.

So he asked his friend Brian Acton for advice.

Acton said,

"You'd be an idiot to quit now.

Give it a few more months."
Then, Koum got lucky.

In June 2008, Apple unveiled push notifications for iPhone apps.

Koum added 1 feature to WhatsApp:

Every time a friend changes their status, you get a notification.
Some early WhatsApp users started using statuses to make jokes with friends.

These statuses turned into fun messages.

He had accidentally created a messaging service.
Koum quickly built WhatsApp 2.0.

It had 1 main feature: Messaging

2.0 took off like a rocketship and hit 250,000 users.

At the time, Acton was unemployed working on other dead end projects.
Action realized that this SMS platform had potential and joined the company in November of 2009.

He secured some funding, joined as the 2nd co-founder, and got 20% of the business.
The next 2 years, they worked out of a cafe and then an office with no sign.

Koum had an obsessive focus:

"No distractions. No bullsh*t".

By 2011, WhatsApp was top 20 in the U.S. app store.
Sequioa invested $8 million and then later $50 million at a $1.5 billion valuation.

Then Jan Koum got an email from some guy named Mark Zuckerberg.

The subject line?

"Get together?"
Zuck was impressed by WhatsApp after seeing them hit 90 million users in only 3 years.

It had grown faster than early Facebook.
Over the next 2 years, Zuck wined and dined Jan Koum while the business grew.

In 2013, WhatsApp was adding 1 million new users...

PER DAY.
In February 2014, Facebook bought WhatsApp for $19.3 billion.

WhatsApp had...

• 450 million users
• only 56 employees
• only $20 million in revenue
Today, WhatsApp has 2 billion users and $5 billion in potential revenue if fully monetized.
If you liked this, retweet the 1st tweet below to inspire the next generation of business builders: https://t.co/nVHQiLJK73
Ok now please let me spend 57.68 hours digging up the best frameworks, systems and business stories so you don't have to.

--> just follow me @chrishlad
And get these thread straight to your inbox:

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Chris Hladczuk
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@chrishlad
Frameworks are useless...

Unless you use them to solve specific problems.

Here are 10 frameworks that'll solve problems for you:

How to choose your next project:

If a project is successful, it should make the rest of your career look like a footnote.

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Your creativity is a backed-up pipe of waste water.

And the waste water must be emptied before you get to clear water.

The path to clear water (or great writing) is through bad first drafts.

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Bill Gates got lucky.

With an IBM deal he signs in 1980.

Here's the hidden truth about the rise of Microsoft:

So we all know the Bill Gates story.

A brilliant kid who loves computers.

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In 1976, their revenue is $16,000.

By 1978, Microsoft hits $1 million in revenue.

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@chrishlad
I've interviewed 5 founders of billion dollar startups.

Here's what I learned:

CTFU

"Catch the F*ck Up"

Startups are about speed.

If you don’t have urgency, you lose.

Successful people don't find hard things easy to do.

Instead, they've trained themselves to be better at hard things.

Create habits so small that they are painless.

h/t @JamesClear

Be short and to the point with important people.

Co-founders aren't people you meet at networking sessions.

They're your friends.

Get your smartest, hardest working friends and convince them to start a company with you.
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Chris Hladczuk
Chris Hladczuk
@chrishlad
Improve by comparing small.

“To improve, compare little things

• marketing strategies
• exercise technique
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To be miserable, compare big things

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Comparison is a teacher only when applied narrowly.”

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What if you could avoid competition forever?

How to Build a Personal Monopoly with @david_perell + @jackbutcher

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1/ What is a personal monopoly?

The intersection of...

• Curiosity: What do you care about?

• Competence: What are you good at?

• Character: Who are you?

These combinations SHRINK the area of competition.

"Competition is for losers."
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2/ Where to Start

"You can't connect the dots looking forward: you can only connect them looking backwards."
-- Steve Jobs

Trust your curiosity and intuition.

Only curiosity creates uniqueness.

3/ BUTCHER'S FRAMEWORK

DICE = Diverge, Converge, Emerge

DIVERGE (Collect Dots): Pursue things you're interested in

CONVERGE (Connect Dots): Find the connections among interesting things

EMERGE: You've found where to start. Now attack it everyday.


4/ "Make a single decision to eliminate 1,000 decisions."
-- @tferriss

For @visualizevalue + @jackbutcher: How do you visualize something to make it simpler?

Eliminate anything that doesn't compound towards achieving that goal.
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SRI KANTESH HANUMANTHA, KADARAMANDALAGI (KAR)
#bharatmandir

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Kanaka Dasa has praised Sri Kantesha in his various poetic compositions.


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