Net Workers

This episode features James and Marcelo taking on business as usual, with some practical advice for early stage entrepreneurs especially at the idea stage, and they also comment on Neuralink's recent livestream with successful brain implants in pigs.

Jack Butcher on Twitter: "Observation: Most people insist on applying lessons from literal trillion dollar companies to trying to make a few hundred thousand bucks on the internet. What's true for them is not true for you."

• https://twitter.com/jackbutcher/status/1300552186678697985
• Things that work on large scale vs small scale
• Distribution
• TAM

Sharing ideas & NDAs

• You've got a great idea, will someone steal it?
• Ideas vs execution

Neuralink: Elon Musk unveils pig with chip in its brain 

• https://www.bbc.com/news/world-us-canada-53956683

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This episode features James and Marcelo discussing different approaches to business, product and customer development, with several recommendations about the lean start-up approach.

Tool Thinking vs Problem Thinking

• https://twitter.com/Harris_Bryan/status/1296782480746438656
• "Two ways to think of your business: 1. Tool Thinking 2. Problem Thinking Tool Thinking is dangerous and backwards. Short term. Doesn't endure. Ex: "I want to start a paid newsletter"

James Clear 5-step process for almost anything

1. Explore widely
2. Test cheaply and quickly
3. Edit ruthlessly
4. Repeat what works, don't quit
5. GoTo 1

• https://twitter.com/JamesClear/status/1296089705839243272

Chris Bakke's thoughts on Customer Development

• https://twitter.com/ChrisJBakke/status/1297624160789606400

Further information from us:

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This episode features James and Marcelo talking about Apple's impressive $2 trillion valuation, the new Amazon's Kuiper satellite constellation ambitions and some business models that are more down-to-earth.

Apple $2 Trillion market cap

• Quantitative Easing - printing money
• Luxury at commodity scale
• Market capitalisation $190B in 2010

Amazon Kuiper

• https://www.inverse.com/innovation/amazon-kuiper
• Amazon committed to spend $10 Billion
• Federal Communications Commission license 3,236 satellites
• Must launch half of the satellites within 6 years

Business ideas:

• Take something that works in one country and do it somewhere else
• Samwer brothers, Rocket Internet

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This episode features James and Marcelo covering a wide range of topics beyond business, but tapping into the trend of people leaving cities, the battle between Epic Games (Fortnite) and Apple, and how to choose to build new features for your product.

Will cities survive the crisis?

• SF and NY 'seem' to be hollowing out
• People escaping crowds
• Remote work - co's going permanent remote
• Young people + meeting people?

Fortnite: Apple ban sparks court action from Epic Games

• https://www.bbc.com/news/technology-53773715?intlink_from_url=https://www.bbc.com/news/topics/c770w988ye6t/fortnite&link_location=live-reporting-story
• They also sued Google
• Who is right? What's the end game?

Ben Bradbury on Twitter: 

• https://twitter.com/benbradbury_/status/1295377426000773131
• If you want fluffy products, ask customers what feature they want next.
• If you want useful products, ask customers about their biggest pain points.
• Future features = Speculative.
• Present pain points = Reality.

Tyler Tringas on Twitter: 

• https://twitter.com/tylertringas/status/1295416896519577603
• "All my customers are asking me for Feature X!" Should you build Feature X?
• Listen to your metrics, is not having Feature X affecting:
• 1/ Retention: are customers *cancelling*?
• 2/ Growth: are customers *not signing up*?
• 3/ ARPU: would existing customers *pay more*?

Further information from us:

• Web: https://networkers.co/
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This episode features James and Marcelo diving deeper into classic entrepreneurial issues such as build a specific solution and then go general, validating before building, and our view on the current state of crypto:

• things built general from start tend to fail, those that land and expand are more likely to succeed https://twitter.com/amasad/status/1289379421015511040
• building is learning, but so is validating before building. Do both for maximum effect. Learn twice. https://twitter.com/arvidkahl/status/1288219811605086208
• With $16bn in cryptocurrency, Ripple attempts a reset https://www.ft.com/content/7d9c934f-3840-4285-96a7-4bdf7fee9286

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This episode features James and Marcelo diving deeper into classic entrepreneurial issues such as prioritisation, starting a business and creating a brand.

• James Clear on Twitter: "Be "selectively ignorant." https://twitter.com/JamesClear/status/1265836919902154752
• Jay Vasantharajah on Twitter: "A hill I'm willing to die on: If you're starting your first business and have ~$0, you should start a service business. https://twitter.com/jayvasdigital/status/1291721228051451906
  • Few customers, high ticket price
  • Build a cash foundation Invest into lower ticket, broader base products
• What's in a name? Choosing a business name
  • Memorable
  • Uniqueness
  • SEO / search Branding
  • 'Does what it says on the tin'

Further information from us:

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This episode features James and Marcelo discussing about the copy cat product that Instagram is launching for TikTok, how to spend your quarantine time watching Netflix series for entrepreneurs, and how to deal with inefficient software.

• Instagram Reels is a copy of TikTok
  • Not the first time IG has done this eg Stories vs Snapchat
  • Snapchat itself was accused of being a clone of the Shots app
  • https://twitter.com/amlewis4/status/1291049231080464384
  • https://twitter.com/shreya_sud/status/1291204186646802432
• Series / movies for entrepreneurs
  • Shark Tank
  • Billions
  • The big short
  • Money Heist
  • Ozark
  • Breaking bad
  • Wolf of Wall St
• What's the worst software you use daily in your job that's ripe for a start-up to solve?
  • Salesforce
  • Slack
  • https://twitter.com/ChrisJBakke/status/1290791893538754560
  • https://news.ycombinator.com/item?id=23803539

Further information from us:

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Welcome to the Daily Dose podcast - the podcast where we pick out things from the news and social media that's interesting to us as Entrepreneurs, and business nerds.

This episode features James and Marcelo discussing:

• Loneliness as a solo-founder: https://twitter.com/schlaf/status/1287501089454149634
• Are Entrepreneurs born or made?
• How to generate start-up ideas: https://twitter.com/gregisenberg/status/1290064372505563138

Further information from us:

• Web: https://networkers.co/
• Facebook: https://www.facebook.com/NetworkersEN
• YouTube: https://www.youtube.com/channel/UCBhSdmXJvPr0dfedinGXmTg

Welcome to the Daily Dose podcast - the podcast where we pick out things from the news and social media that's interesting to us as Entrepreneurs, and business nerds.

This episode features James and Marcelo discussing:

• taking advantage of the current low media rates to build your own audience and media - email lists, podcast subscribers and the like: https://twitter.com/Jaffer22915438/status/1288082144246595584
• antitrust hearings with Google, Amazon, Apple, and Microsoft - should they/will they be broken up? What will be lost and gained if that happens? https://twitter.com/levie/status/1288640233408360449

Further information from us:

• Web: https://networkers.co/
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This episode features James and Marcelo covering:

• the traits of successful entrepreneurs and how to maintain your momentum: https://twitter.com/Julian/status/1285960405160869888 https://twitter.com/Suhail/status/1285820258247303170
• they also discuss how to deal with uncertainty and a bunch of other interesting nuances of personal development as an entrepreneur.

Further information from us:

• Web: https://networkers.co/
• Facebook: https://www.facebook.com/NetworkersEN