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Don't be afraid to charge more:

- Most founders severely underprice their products/services. If your product is valuable - people will be willing to pay for it.

- Higher margins will allow you to invest into improving your product. It's better to compete on quality than on price.

- It's easier to sell 10 $100 products than 100 $10 products.

- Higher prices filter for better customers.

- If doubling your price won't lose you more than half of your customers - that's free money.

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Ability think independently is is one of the best predictors of founder (or investor) success, and it is a skill you can practice.

The key is to think "from first principles" instead of "by analogy". Boil things down to fundamental truths, and reason up from there. Understand core principles and put them together like lego blocks in a way that optimally achieves your purpose, instead of following recipes, copying "best practices" or conventional wisdom.

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4 types of innovation:

1. Basic research - making fundamental scientific discoveries.
(Deep Learning, Blockchain)

2. Breakthrough innovation - applying fundamental discoveries and thinking from first principles to engineer new products. (Tesla, SpaceX)

3. Disruptive innovation - finding new applications and business models.
(Uber, YCombinator)

4. Sustaining innovation - gradually improving what already exists, making it better/cheaper. Solving clear problems using preexisting skillsets.

Emulate practice, not performance. When you see someone do something amazing(art, public speaking, whatever), instead of copying what they're doing right now, copy the path they followed to get to this level of skill.

Most people overestimate what they can do in one year and underestimate what they can do in ten years.

Who wants to work with me and @dajbelshaw, developing the #ActivityPub based #federated back-end for #MoodleNet?

We're looking for a #developer familiar with #Elixir (or transferable skills like #Erlang and #RubyOnRails).

The whole project will be #FOSS and you can work from home, what's not to love ;-) Please RT!

blog.moodle.net/2018/hiring-ba

#tech #job #programming #jobs #software #remote #federation #decentralised

You probably radically underestimate:

- How much you know that other people don't.

- How valuable it is for you to publish it.

The goal of B2B companies is to make some common business process less expensive, the goal of B2C companies is to develop new habits among consumers.

The key defining factor of a startup is growth. This is what investors invest in when they fund your company, because tech startups are one of the very few sources of growth you can purchase.

Don't be afraid to charge more:

- Most founders severely underprice their products/services. If your product is valuable - people will be willing to pay for it.

- Higher margins will allow you to invest into improving your product. It's better to compete on quality than on price.

- It's easier to sell 10 $100 products than 100 $10 products.

- Higher prices filter for better customers.

- If doubling your price won't lose you more than half of your customers - that's free money.

Worried about the dominance of big instances? No, really, this is quite natural.

As an emergent and self-governing system, it could be expected that the size distribution of #Mastodon instances roughly follows Zipf's law.

Does it?

At first you see the top 6 instances, and then the rest. But on a log-log scale the size distribution is close to a straight line, which would be expected from an emergent system.

#statistics

1/

Growth Mindset vs Fixed Mindset .

People with a 'fixed mindset' believe that abilities are mostly innate and interpret failure as the lack of necessary basic abilities, people with a 'growth mindset' believe that they can acquire any given ability provided they invest effort or study.

Our abilities are shaped both by our decisions and by our genetics/environment, but people who believe they have more control end up sticking with their goals for longer and are less likely to give up.

Goodhart's law - "When a measure becomes a target, it ceases to be a good measure."

Once you pick a metric to evaluate human performance, increasing it becomes an incentive, and people will immediately start to game it. They'll ignore it's intended purpose and take any short-term shortcuts to maximize the number.

Founders may grow vanity metrics, raise more money, or increase number of employees whether or not this benefits the company, just because these numbers turned from metrics into goals

Prioritization of your tasks is one of the most valuable skills you want to get good at. Doing it poorly and working on low-leverage tasks is just wasting time.

Compile the tasks you could be doing into a todo list, and rank them by leverage. If it's hard to figure out which task is more important, just pick one and then ask yourself "Is there something else I could be doing that's more high-leverage?"

When I'm trying to meditate, my mind often gets distracted and resumes mental chatter until I catch myself doing that and stop.

I used to think of these moments as fuckups that devalue the meditation session, making it worse.

Instead, it's better to think about them as exercises, like reps in the gym. Meditation is a skill of noticing mental noise, stopping it, bringing attention into presence, and holding it here.

View distractions as opportunities to practice this skill.

What are the most interesting fields to apply CS skills to?

There's a lot of value on the intersection between CS and other fields. You don't want to just learn programming, you want to learn programming + some other field, so that combining them would allow you to solve cool problems, create a lot of value, make profitable startups.

What are some examples of such fields? If you were to apply CS to another field, what are the top 3 fields that would generate the most value?

- IQ (intelligence quotient) - assessment of the mind’s raw horse power.

- RQ (rationality quotient) - assessment of how well the mind’s models map to the real world; a measure of efficiency of the IQ’s application to real problems.

- EQ (emotional quotient) - ability to recognize, label, and deal with emotions.

Brilliant people can be jerks and kooks, empathic people can have wacky ideas about reality, and effective people can have average intelligence.

A local optimum is the best solution in a neighboring set of possible solutions, a global optimum is the optimal solution among all possible solutions.

You can get stuck in local optima when you're making small incremental improvements, but can't see the whole picture. At that point, you can't get better no matter how many small steps forward you take.

If you pick suboptimal career or a startup idea, you need to be willing to backtrack and explore other options.

Idea meritocracy is an environment where the best ideas win.

3 key elements for building an idea meritocracy:

- People are free to speak their mind and say what they really believe

- Information is as transparent as posisble, everyone has access to everything

- Believability-weighted decision making - decision are made weighted by best track record of solving similar problems and have great explanations of their approach.

Apply scientific method to your marketing.

- Form a hypothesis ("changing the call to action will increase the number of signups by 40%")
- Test it (do split testing on 2 pages so you could compare the results)
- Analyze the outcome, use it to adjust hypothesis, come up with more experiments, and get better at predicting the outcomes.

This will make your progress way more strategic and effective. You can come up with multiple hypothesis, and test the most promising ones first.

One of the cool things about working at a startup is that it enables you to take on jobs you're not yet qualified for, and learn as you go - which means you'll be able to do exciting things and learn extremely quickly.

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