Founder's Journal

Episode 122: Lulu Meservey is the former Chief Communications Officer of Activision Blizzard and Substack. This episode, I read her recent manifesto, which details the importance of founders crafting their narrative, learning how to communicate, and going direct to their audiences via social media.

Original essay: https://www.rostra.co/

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Episode 121: Writer, Columbia Business School grad, and college athlete Jack Raines' essay, "The Opportunity Cost of Everything," forces readers to ask themselves the only question that really matters: If I was nearing the end of my life, would I be happy with how I am currently spending my time? It is a question that any human being must ask themselves periodically, but I find that it is especially relevant for entrepreneurs. There are many external forces that can push you down the path of making ego-driven decisions, and I believe this article is an important counterbalance to ground you.

Original Essay: https://www.youngmoney.co/p/opportunity-cost-everything

Jack’s X URL: https://twitter.com/Jack_Raines

Jack’s Linkedin URL: https://www.linkedin.com/in/jackraines/

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Episode 120: Andrew Wilkinson is the co-founder and CEO of Tiny, a publicly traded holding company trying to be Berkshire Hathaway but for internet companies. In 2007, Andrew started a Canada-based design agency called MetaLab, which grew to $40-50 million in revenue & $20 million in profit. After trying and failing to launch other businesses, Andrew pivoted to buying businesses to grow his holding company. I’m going to read a story by Andrew about one of the businesses he tried to launch after MetaLab and his lessons from its spectacular failure. 

Original Story: https://twitter.com/awilkinson/status/1376985854229504007

Andrew’s X Account: https://twitter.com/awilkinson

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Episode 119: LTV, or lifetime value, has become the gold standard for startups, specifically how they measure the effectiveness of their various marketing channels. LTV does have merit, and it is a helpful proxy to prioritize marketing and understand the economics of each customer you acquire, but if relied on entirely, it can be misleading at best and harmful to your business at worst. I’ve found what I believe to be one of the best pieces on the internet about the challenges of this methodology, a 12-year-old essay by investing legend Bill Gurley that is as relevant today as it was then.

The Dangerous Seduction of the Lifetime Value (LTV) Formula: https://abovethecrowd.com/2012/09/04/the-dangerous-seduction-of-the-lifetime-value-ltv-formula/

DTC Metrics, Explained: https://www.nasdaq.com/articles/dtc-metrics-explained-2020-02-12

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Episode 118: Million Dollar Weekend, by Noah Kagan, the founder & CEO of AppSumo, walks you through the step-by-step process for building a 7-figure business in 48 hours. I know it sounds too good to be true, and no, you’re not going to make $1 million in 2 days, but after reading the book, I can promise you that you will have a repeatable process for going from business idea to revenue in 48 hours and understanding if it has the potential to get to 7-figures. In today’s episode, I break down the Million Dollar Weekend method as efficiently as possible, and if you want to learn more, you should 100% buy Kagan's book.

Link to the book: https://www.amazon.com/Million-Dollar-Weekend-Surprisingly-7-Figure/dp/059353977X

Link to the site: https://noahkagan.com/mdwbook/

Link to Noah’s YouTube Channel: https://www.youtube.com/@noahkagan

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Episode 117: Just under 13 years ago, Marc Andreessen proclaimed that software would transform every industry. He couldn’t have been more right; software did eat the world. 7 of the 10 largest companies in the world today are technology or software businesses, and Andreessen Horowitz, the investment firm Marc founded in 2009, grew to become the largest VC in the world. Today, we’re going to be reading Andreessen’s 2011 essay to understand the rationale behind his future predictions, and how the patterns he spotted could be applied to today’s business landscape with the growth of AI.   

Original essay: https://a16z.com/why-software-is-eating-the-world/

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Episode 116: I found one of the best resources on hiring by one of the most well-respected founders and early-stage investors, Elad Gil. In this episode, I'll be reading highlights from the Hiring chapter of Elad’s startup book, High Growth Handbook, and cover job descriptions, interview questions, candidate scoring, work projects, building a diverse team, and more.

Original essay: https://growth.eladgil.com/book/recruiting/recruiting-best-practices/

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Episode 115: Today’s essay breaks down one of the best business strategy books I’ve ever read.

Startup founder Abi Tunggal breaks down 7 Powers by Hamilton Helmer, which is a book about the seven proven business strategies that lead to sustained competitive advantage for companies. By the end of this episode, you’ll understand each of these strategies, why they created powerful moats, and examples of companies (like Apple, Netflix, Costco, and Tiffany & Co) that have won their market by executing on one or several of the seven powers.

Original essay: https://tyastunggal.com/p/7-powers-the-foundations-of-business

7 Powers Book: https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319/ref=as_l[…]gal-20&linkId=82f016ff542db6be87d160217d3bbad3&language=en_US

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Episode 114: Yesterday, Snowflake announced that its CEO, Frank Slootman, was retiring. Slootman, former CEO of Data Domain and ServiceNow, is such a successful and well-respected CEO that Snowflake's stock was down 24.5% or $17 billion. In honor of Slootman’s amazing leadership, defined by high standards and high intensity, I’m reading an article he wrote in 2018 about how he runs his companies.

Original essay: https://www.linkedin.com/pulse/amp-up-frank-slootman/

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Episode 113: Today’s read is by one of my favorite startup creators, Lenny Rachitsky. The essay, How To Kickstart & Scale a Consumer Business, breaks down the seven proven strategies to acquire your first 1,000 users as a B2C startup. I’m going to read through each of the strategies, share some examples that Lenny provides, and provide some of my own thoughts on early growth.

Original essay: https://www.lennysnewsletter.com/p/consumer-business-find-first-users

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