๐ช๐พ No magic formula can replace hard work: do your job well & hit all the targets you are set.
๐ฌ When you're struggling, ask for help so you can stay on track to get results, or collaboratively adjust targets.
๐๐พโโ๏ธ In 2011, I was hired into my first junior role in tech @Groupon
๐ฉ๐พโ๐ป By 2020, I was headhunted into a VP role in a global tech company @Brandwatch
๐ค I achieved this progression in less than a decade, without ANY coding skills
๐ฎ How did I do it?
*a thread*
๐ช๐พ No magic formula can replace hard work: do your job well & hit all the targets you are set.
๐ฌ When you're struggling, ask for help so you can stay on track to get results, or collaboratively adjust targets.
๐ง๐ฟโโ๏ธ When challenges arose I was bold enough to try new solutions. Not everything worked, but constantly trying produced valuable innovations.
๐ง I was proactive in finding new, better ways to get the job done.
๐ I put myself forward for any opportunities to gain recognition e.g. speaking opportunities or awards.
๐I actively worked on gaining visibility.
โค๏ธ I didn't fake it. I always acted on my values, and spoke up when something didn't feel right. I showed integrity.
๐ค I was a team player. To everyone.
๐ฃ I learned how to ask for feedback that showed me my blind spots & flaws so I could work more effectively.
๐๐ฝ I learned how to listen without defending myself, and simply absorb & learn.
๐ I embraced change AND I embraced failure.
๐ Things don't always go to plan, I accept that, I expect that.
๐ช๐พ Every step in the journey made me wiser & more resilient.
โ๐พ @hustlecrewlive wouldn't exist if I listened to super smart, experienced tech pros who told me it wouldn't work. We're on track for 7 fig ARR. And it's my side hustle.
๐ค I did things MY WAY.
๐I embraced my differences & uniqueness & leaned *heavily* into these.
โค๏ธ I surrounded myself with people who bigged up these parts of me.
๐๐พโโ๏ธ In doing so, I built my self-belief & self-confidence.
๐ง I surrounded myself with people smarter, more ambitious & driven than me.
๐คฏ I expanded my knowledge thru podcasts, articles, videos, books.
๐ง I built a network of mentors I've never met but whose content I've absorbed.
๐ I accepted missing out on fun stuff when in-between jobs or starting @hustlecrewlive.
๐ I accepted times I could only afford essentials.
๐ฅ I accepted declining mental & physical health, too.
More from Tech
What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!
@MadhusudanKela @VQIndia @sameervq
My key learnings: โฌ๏ธโฌ๏ธโฌ๏ธ
First, the BEAR case:
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.
3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.
4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).
@MadhusudanKela @VQIndia @sameervq
My key learnings: โฌ๏ธโฌ๏ธโฌ๏ธ
Bubble or Bull Market? Join us for a short presentation and candid one on one on 27th Jan, 4pm with Shri \u2066@MadhusudanKela\u2069. \u2066@VQIndia\u2069 \u2066@sameervq\u2069 #bubbleorbullmarket pic.twitter.com/LBvlBrz6mS
— Ravi Dharamshi (@ravidharamshi77) January 24, 2021
First, the BEAR case:
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.
3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.
4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durableโit should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You donโt want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself โ required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durableโit should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You donโt want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself โ required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
