YouSaid · the spoken record

Noah Kagan

lines on the record: 252
first: 2024-01-23
most recent: 2024-01-23
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Strike, another example, drive people to what they've realized can be a profitable model in the form of podcasting, YouTube. As the mimicry of TikTok has engendered a drive to video and short form video, I feel like I have fewer and fewer differentiators and advantages. And the human basis of recommendation has been replaced by in large part kind of top-down corporate directives and algo modifications. So I feel”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Is great with like email blog, especially if you're open source, like I'm based on WordPress, you effectively own your audience. You don't own your audience. You have a direct relationship with your audience. Your audience is portable. If you're on a platform, that includes almost any platform, there's some technical workarounds for these things, but you are renting your audience. And so I've seen multimillion dollar Facebook pages back in the day when that was a huge thing. Get turn off, just like PG&E might turn off your power during a rolling blackout in California. It's like one day you're on and you have employees and a big business the next day you are turned off and I've seen that over and over again. I've seen, for instance, organic reach get throttled. Now you have to pay. I think it's foolish to assume that can't happen to whatever platforms you're using today. And as we've seen a number of precipitating events, for instance, the writers.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And it's a good time to pause and reflect. And I feel like podcasting also, and I will have questions for you about YouTube because I go back and forth on my thoughts on YouTube, but when I see best practices. Merge or converge, maybe, is a better way to put it with a lot of the algorithm driven growth slash lack of growth that we see. I really want to step back and see if I am in a position where I'm uniquely different to have some type of competitive advantage. Not because I care about competition per se, but it's like, am I? In a red ocean that used to be a blue ocean? Or am I developing practices that are going to lead me to a point of not just uniformity with others, but like, are we all running towards a cliff like a bunch of lemmings in the sense that, for instance, email, I'm going all over the place, I realize, but like...”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“That none of these targets or pantas. They're kind of placeholders to keep you motivated. And I've also, if you look at patterns in my life, I tend to do things if I'm going to do something well seems to be in the five to ten year range books, startup investing predominantly I focused on from, say, 2008 to 2015, and then I published this blog post on taking a long startup vacation. stopped that categorically. I stopped doing it completely for a period of time because the game got saturated, it got more complicated, much more competitive, much riskier from a terms perspective. So I stopped. And then you have podcasting. I'm coming up on 10 years next April.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Money. It's not to diminish financial success. It's, I think, easy err for us to have these conversations because there's a degree of security and stability and comfort. So it's not to diminish any of that because I know what it feels like to be like, fuck, I'm not sure what I'm going to do about healthcare next month. I'm not sure what I'm going to do about this next month. I know what that can feel like and it's not a good feeling. Eating from Jack in the box. I remember eating so many meals from Jack in the box on shoreline across the street from my shitty apartment with my Terrible roommate who just ditched and almost got all my stuff yanked because there are all these eviction notices. Like I remember those days. I don't want to return to those days. But having caught the thing that I was chasing, I've realized.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“As I have prioritized mental health in just overall well-being, which includes physical, but at the time I was in physical prime condition. I mean, I was in very good shape. I was still competitive in sports. I would say that looking back, a lot of those adventures were formative, and I enjoyed them, but I in retrospect should have enjoyed them more for what they were, which like these seminal moments. And I think part of what you're reading in me in terms of less chasing is that I feel like, and I suspect many people feel like, you know, the dog that catches the car or the greyhound that catches the mechanical rabbit. And you're like, this is what I was chasing? That's funny. Like, that's kind of like tragic comic, but which is not to diminish.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And Yeah, totally. I think to your point of nostalgia being a liar oftentimes, right, where we have this rose-colored picture of the past, if I look at the chapters around, say, the beginning of the four-hour work week for our body, et cetera I was very hungry. I was moving very quickly. And certainly using processes and automation and so on, but there was a lot of uncertainty. And I would say that”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“That when I think back to those early chapters, I get excited. It's like I remember how unknown it all was too, right? And how fun some of the unknowns were. There were definitely hard times. There were all sorts of difficult chapters that I'm sure I've blocked out from my memory. But I wasn't frustrated earlier at all. I think it's just the juice of thinking back to those very nascent stages. That's my guess.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“When I cross my number, which is a moving goalpost, right? You cross like a million and then you cross this and then you cross this and it keeps moving.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“But the early chapters were at the time were like, you know, it's going to be great. One at some point I have X, one at some point.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“You get a chance. This is true later too, but you really get a chance to prove how resourceful and creative you can be. Because you don't have Huge bank account to play with. You don't have Tons of employees to delegate to things that oftentimes they shouldn't do in the first place, right? And for me, that is the real heart and soul of entrepreneurship. And the fun of it is making something from nothing because you are resourceful, right? You look at a set of tools or a complete lack of tools and you see something different. You see a little gap. And you're able to pursue that and manifest something in the world that otherwise doesn't exist. And the later stages are amazing. And there are people who are so good at the later stages. I'm not convinced that I'm one of them.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Okay, like I don't have anybody who's around because my friend has to work. I'll give the talk to the dog. It's like, all right, like.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“We were like, fuck, my computer broke, right? Got to fix suit. Got to figure it out. Can't fix it You know, all right, flyers like flyers. Okay, like, I'm gonna give out flyers like flyers.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“So tempting and often the case, right, when you're in the weeds and you're just like running through this jungle with a machete trying to make shit happen and it's hard and things are going wrong and you think about that as the thing you have to do to get to the other thing. But then you get to the other thing meaning like you reach some escape velocity with your business success and then you're like Okay, this is the thing I thought that I was getting through other things for, and I'm happy with where I am, but I'm making trains run on time. And that's cool, right? Like a Swiss operator on some type of transport platform. And I'm tweaking things. I'm pulling levers. I have other people doing a lot of the grunt work. But those early chapters, when I look back, that's where so much of the juice is, like so much of the excitement for me.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I just need a top of the funnel. And that led me to the blog. Very similar approach that I would take today with most things.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“That's how I found podcasts for the four hour chef. That's how I found other things for the earlier books. And that's how the four-hour chef sold whatever 100,000 plus copies in its first week was because I jumped on these new things called podcasts. That is also the impetus behind me then starting my own podcast in 2014. But you're right. I put a lot into it because first and foremost, and now I'm getting on my soapbox again, but I really, really, really, really put everything into that book. Like I did not leave anything behind. I put it all on the playing field. And based on early feedback and based on also the many feedback forms, many questions I had asked, many revisions I had made for years workshopping it in classes. I knew this stuff worked. I knew it worked. I knew, in other words,”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Number one on the New York Times for the monthly business list. And then it just stayed there for years. But to answer your question, in terms of effort, Effort isn't enough. Effort is not enough. You need a means of focusing that effort. So for me, I used this what's uncrowded, what's overvalued, what's undervalued.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“It just went ballistic. It went ballistic. And that set the conditions such that I could execute on other things. But lest people think this was this homerun international phenomenon from the get-go, that's not what happened. It did hit the extended bestseller list in its first week. But keep in mind, the publisher only printed 10,000 copies. Nobody expected it to do anything. With those copies sold the vast majority of them, but that was not enough to hit the real print bestseller list for advice how to, especially which was hyper competitive at the time. It hit the extended list. So people in the business knew that it was on the list but not in the print edition. It took an additional five or six months from doing the math correctly to get”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Today. Here are a few things you can try in the next week related to autoresponders. Send me feedback. Let me know how it went. Go on my blog. Let me know I will give you also feedback, like constructive advice.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And got up on stage. I had this entire presentation with all the visuals. Of course, what happens? Laptop dies. And so I had to improv and just do voice only, which I think ended up being a very good thing and made autoresponders available. I gave people, this was key, and this is something you do very well. I gave people real time challenges. I was like, here's something you can try today. You're going to be going to a lot of sessions at Southbai. You're going to take a lot of notes. Here's what I suggest. Everybody gets busy. Things get lost. Here are a few things you can try.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I remember practicing in his garage with his chihuahuas. You mentioned chihuahuas. He had three chihuahuas and Clearly, the Chraubs do not understand the content of my talk, but I used them as the gauge of whether I was engaging or not. If they started like wandering around, then I had to change my mode. I had to be more Tony Robbins. And I prepped, I prepped, I prepped, I prepared my ass off for this thing like it was my first and last opportunity to nail it.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I think so. Am I cross? Yes. He had very graciously given me a quote for the four-hour work week. He read a galley. And I can't remember how that came together. I owe him a debt of gratitude as well. But I printed up flyers with that quote. With a couple of other quotes based on galleys and encourage people to attend this cafeteria.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Q. To this day, I feel a debt of gratitude. So part of the reason I come back to South by every year is because I feel like it's just karmically the right thing to do. And Hugh is now running pretty much the whole show, I believe, at this point. I got a last minute cancellation in like the cafeteria, like the Adobe-sponsored cafeteria somebody backed out. I took a last minute spot. I gave a presentation on the four-hour work week. I was able to print up flyers beforehand, which I did a very last minute. And I am blanking on his name. I feel really badly about this, but it was the developer behind Firefox.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Something like that went nuts. I don't recall the exact timing that was before or after south by southwest. And south by southwest was in March. Talk about sales, right? I pitched myself to Hugh Forrest at the time who I believe was director of programming just for South by Southwest Interactive, not music, not film. At the time, it was like the red-headed stepchild. Nobody gave a shit about interactive or tech. It was just Nerdville. It was small. That was also the year that Twitter launched publicly at Southby. You could see all the tweets in the world on one big screen TV where they were scrolling through in real time.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I don't understand radio. The publisher is going to handle radio. I don't understand television. The publisher or other publicists are going to handle that. So the one area I felt where I could play and potentially leverage things was blocks. So I'm explaining all of this. Well, guess what? That woman who was checking people in turned out to be Robert Scobel's wife. And she was like, oh, you should meet Robert. And then that led to meeting Robert. I'm pretty sure I gave him, sent him a galley. And I made it absolutely zero expectations. So first of all, I was like, if it would be of interest, I can send you a galley after I describe the book for certain facets of it. And I said, what I can do also, because you're not going to probably have time to read the whole book. I'll just put in a couple of post-its for like the four or five pages that I think you'll find most interesting, most tactical. And he's like, great, send it off. That turned into a blog post he put up about what I'm reading.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And I didn't really know how to navigate the event, but I knew there would be people who were familiar with it. So I went to a lounge, and I think it was a Seagate lounge or something like that way back in the day. And there was a woman checking people in and kind of handling the inbound traffic. And I just struck up a conversation. I was like, I bet you're meeting everybody. I don't know what I'm doing. I'm working on my first book. I'm kind of lost here. And we just talked. Like all that was true, right? And we talked and we talked and we talked and I was explaining and I'm here. I laid out my whole plan. I was like, well, really, my best option is to focus on the blogs because the publisher owns a bunch of different territory. This is not their first rodeo, but it's my first rodeo. So this is kind of key. There are a bunch of things that I assumed were off limits for me.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Is going a little long, but it might be helpful for folks. Rule number one, be nice to everyone. And this isn't some feel-good snow white, you know, hummingbirds landing on your hands kind of thing. This is the right thing to do, but it's also the most practical thing to do. And I'll give a real example. I went to Blog World Expo or something. I'm hanging around, didn't go to any sessions in this particular case. A lot of folks had pointed out Robert Scobel as a power broker, hugely influential, which he certainly was. And super sweet guy as well. And at that time, I had no contact with him. He was the hottest girl at the prom, right? Everybody wanted to talk to him.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Around or with bloggers. And I spent all my time in the lounges. I spent all my time in the waiting areas. And that is where I committed my investment of time and money. Who knows if that was the right thing to do, the only thing to do? Maybe I just got lucky, but it worked incredibly well. I'll just give one more recommendation. And actually, people can find a talk I gave ages ago at South by Southwest, which was called How to Build Your Network in Record Time or some clickbaity. sounding headline, but it does deliver, it explains a lot of this and also how I use South by Southwest, similarly for the book, because Southby was where the book really broke out. But there was a bunch leading up to it.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And for whatever reason, these single author blogs move a lot of books. And not a single person I recall in publishing gave a shit about blogs. So what I decided to do, I also had a very self-imposed and also practically limited budget for the launch. So for me, it was like five to ten grand. I can't remember. I had a huge whiteboard and decided to make my target blogs. And there were many conversations that went into this, but decided to put my effort into blogs. What's the most crowded channel? So I'm not asking it just about the formats, but also the means of reaching bloggers. What's going to be most crowded? Blog comments, email, these are the most crowded. So I took my budget and allocated it to in-person travel to events where in the hallways and at after parties and so on, I could have drinks.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Nonetheless, the dominant playbook included tons and tons and tons of, say, morning TV. But almost every best-selling author I spoke to said By and large not worth the effort. They said, however, there are a few other things that have been impressive and notable. Number one is that certain radio programs like NPR and so on move a lot of books. This is, again, 2000, let's just call it six prior to the publication in 2007. And then towards the end of 2006, and I actually remember this because we're recording this at the end of December, and I remember sitting at my parents' kitchen table after Christmas and sitting down to really put together a plan for the first book. And another pattern that had emerged is people said, you know, I'm not really a tech person, but there are these things called blogs.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And the questions revolved around their most recent launches and specifically the vehicles or formats or people who seem to be diminishing in impact and those that seem to be ascending an impact. And those that were ascending an impact, I assumed, rightly at the time, and this has been true almost every time, would be uncrowded. So for instance, for the four-hour work week, it became clear even then that television and radio seemed to be television especially. Television seemed to be diminishing in its impact on sales.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Do a little begging best writing authors were very forthcoming with their time. So in a number of instances, I was able to interview best writing authors. What I mean by that is real prose masters and prolific nonfiction writers who had very, very high quality output on their writing process. So I did that prior to writing the book. Then Seeing that the end was near, and this was all on a schedule, although I faced a lot of hiccups and a lot of challenges along the way, so it wasn't a straight line.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“But I just had to reach out and ask. And if you get somebody on a good day And maybe you take your hat off, put it in your hand, and.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Launch yet. Let's see where to begin. So if I think back to the launch of that first book, I still approach my launches very similarly, believe it or not. As the tools have changed and the technology and the platforms have changed, to the general principles that I used, I still use to this day, for instance, for every launch, book or otherwise, I have looked at the landscape and interviewed people. So for the book, for instance, I interviewed and you can interview people who might seem out of reach, keeping in mind I had no platform, no nothing at the time.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Sales guy because I came in with not quite the knowledge of an engineer, but I spent all my time with the engineers. So I had technical conversations. I'd be like, oh, well, let me guess. Like you probably have this Solaris system and this and this and this and using this and this. You might have problems with this. And you can approach it in a technical way as one example with certain products. It doesn't have to be Glengarry Glen Ross. So I just wanted to mention that.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“The first is that I looked at the biggest block in the vein of the task that hinders your task is your task. And what I realized I couldn't get the deal makers on the phone. I couldn't get the CEOs and CTOs who would have to greenlight a seven-figure investment on the phone because there were so many gatekeepers. So I just did the opposite of what I saw around me, which was instead of making calls during 9 to 5, I just made calls before and after 9 to 5. And guess what? Those people who are working dogs, you know, men and women who have really gotten to the top still tend to work a lot by and large. And so they would pick up the phone. The second was I studied the tech inside and out to the extent that when we got to the point of closing a sale and sometimes they'd get handed off to accounting in the accounting department or the VP of finance would ask them, who's your sales guy? And they would say, I don't know who my sales guy is. And then eventually they'd be like, oh, wait, is Tim myself?”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“The point I want to make is I had a desk and a chair in an emergency exit. It was like shoehorned into a fire exit. Totally not up to code. But I took a lot of opposite approaches from other sales guys who had come in from bigger companies like EMC. And there were some great salespeople from EMC as an example. They had a really good training culture, really good hiring practice, generally competitive athletes or former competitive athletes. But the approach I took was two things. I'll just mention this briefly because it might alleviate some of the allergic reaction that people have to this word sales”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Which I was actually okay with because it was commission based, but didn't love the fact that I hadn't negotiated harder on the front end. But at the time, I was pretty desperate because I had gone without a job for a while and my parents were like, so you can stay here as long as you want, but what's going on?”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“There are a lot of prick billionaires a lot. But you don't have to be a prick. It's not a prerequisite. You don't have to be Gordon Gecko. You don't have to. But I would add to that is that there are many different ways to be good at sales. When I first graduated from school and when I first moved to Silicon Valley and I was selling fiber channels storage area networks and I was the lowest paid sales guy which I learned because a spreadsheet got emailed to the wrong place and one of my buddies was like bro You're gonna love this and he showed me the annual salaries and I was like you know barely above the receptionist”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Are there any takeaways from that that were either non-obvious or that have really stuck for you? Because it's easy to find every year some version of the article that is like so-and-so talked to people on their deathbed and they all said, I wish I had spent more time with my family and less time in the office. It's like, okay, fine, right? Don't neglect your health. Fine. I get it. These are all kind of predictable things you would expect. And no one on their deathbed if they don't want to be considered a miserly cunt is going to say, my family sucks. I really wish I'd spent more time in the office. They're just not going to say that as their legacy, right? So, has anything really stuck with you from those? Conversations or lines of questioning. Was it worth it if there were any regrets, things they would have done differently?”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“One of the things you have done on YouTube, I'm not sure if this is going to be fertile ground for harvesting, so we'll see. But you've asked a lot of millionaires, billionaires, versions of was it worth it? What do you regret, et cetera?”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“And what we want to achieve. There's a survivorship bias in entrepreneurship where you tend to hear about the success stories.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“The incentives you may not see in the headlines. For instance, if a founder is able to take money off the table with large rounds of financing, they're already in the black. And then for the company outcome to have a huge impact on their quality of life, they're willing and able to make enormous outsized bets with ridiculous ambitions because guess what? It's not in the news, but they already have 20 million in the bank. They're good. And this is why I think what you're saying is really important. The consistency matters. And I want to tie this because everything is related to everything in some respects. And I want to talk about YouTube briefly. We are going to talk a lot about building, but guys, these are the ingredients that allow you to build an experiment consistently. You need to develop certain attributes and frameworks. We can talk about KPIs and goals.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“You can paint yourself into a precarious corner and you can paint your team and employees into a very precarious corner in the venture-backed power law distribution of startups and venture capital There are a few things you got to realize. The first is that investors are banking on that kind of power law return within tech. So they're looking at huge possible multiples, right? So they can make a thousand X on something that breaks out. This happens and that pays for all the losses. Other invisible, I would say, invisible to the public factors include”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I would add to that This is super important. I'm glad you're bringing it up because I do like. How some of these outrageous questions break your mental models or your assumptions about what you get or can't do. So how could you achieve your 10-year goals in the next six months? Love that. Great. That's an excellent thought exercise. But if you are applying to yourself as a bootstrapped entrepreneur, 10x or bust. And if, let's just say wellbeing or happiness is. Reality minus expectations.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“You're being consistent based on feedback you've received from the team and your top three, bottom three. Is that sort of a”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“Okay, we are going to come back to saying no pretty quickly because a big part of enabling yourself to say yes to the things that matter is being able to And equipped to say no. So I do want to come back to that. Other frameworks that you would like to mention”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“But The top three, bottom three. How do people track that? How do people keep it present, right? Because it is one thing, having just come off of an off-site myself. And I actually think we did a good job with this because we sort of assigned ownership next steps and then did working sessions during the off-site. Like, okay, let's actually get these things in motion because It's great to have a bunch of meals, have some wine. Walk around, talk about big ideas. Oh, we're so excited! Let's take a team photo next to the paper on the wall and then. Like right back Status quo. How do people keep these top three bottom three present or maybe a better way to word it is? How do they keep themselves accountable?”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“More so than people who've raised a bunch of money Are aboard understandably wants to know what the hell you're long term.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT
“I think this is also very common. It's not true for everyone, but very common for people who have done a lot of bootstrapping.”
2024-01-23 · The Tim Ferriss Show · #717: Noah Kagan — How to Launch a Million-Dollar Business This Weekend · IDENTIFIED FROM THE TRANSCRIPT