Success, Simple, System, Micro 💪

Oct 6, 2020

👋 Welcome!

We kick off with a great thread by The Hustle on Paul Graham, co-founder of Y-Combinator. YC has launched over 2,000 companies since 2005 and Paul believes that there are three things a startup needs to be successful. Firstly there are people. “What matters is not ideas, but people who have them. Good people can fix bad ideas, but good ideas can’t save bad people.” Secondly, you need to understand what customers want and “the only way to make something customers want is to get a prototype in front of them and refine it based on their reactions.” Finally, don’t spend money to fast, but “get big slow.” If you want “to make something users love, you have to understand them. And the bigger you are, the harder that is.” He concludes that “there is no magically difficult step that requires brilliance to solve.” Read the full thread.

The Hustle @TheHustle

Paul Graham (@paulg) co-founded Y-Combinator in 2005. YC has been used to launch over 2,000 companies, including Stripe, Airbnb, Dropbox, Twitch, and Reddit. According to Paul, these are the 3 things you need to build a successful startup.

🚀 Maker News

Simple

Pete from No CS Degree has just published a thread summarising key learnings from his interview with Scott Keyes, founder of Scott’s Cheap Flights. The company makes millions from sending cheap flight deals to email subscribers. Users can subscribe to either the free or the paid premium tier. As Pete rightly states, “it's a brilliantly simple business model.” Read the full thread.

Pete from No CS Degree @petecodes

Very excited to be chatting to @smkeyes , the founder of @scottsflights in an hour!! THREAD ✈️

System

Ayomide Ofulue recently spoke with Packy McCormick, founder of the highly sucessful Not Boring Newsletter. They discuss Packy’s system of writing, the power of conistency and compounding growth, building a personal monopoly, marketing and the future of newsletters. Read the full thread to learn more.

Ayomide Ofulue @AyomideOfulue

Last week, I had a conversation with @packyM of the 'Not boring club' We discussed his writing system for his 6000-word weekly essays, the internet leverage plus the future of the newsletter economy and much more! A thread 💡 ayomideofulue.substack.com/p/spotlighting…

Spotlighting Packy McCormickOn Internet Leverage, Building an online audience and differentiation.ayomideofulue.substack.com

Micro

As usualy, Dru Riley provides another stellar Trends Report, this time on micor-marketplaces such as RemoteOK by Maker @levelsio or MicroAcquire by Andrew Gazdecki. As always, he lists his predicitons and the opportunities for this trend as well as links for further reading. Read the free report or buy the Pro report on Gumroad for a more in-depth analysis.

tdbryant.com @tdbryant2

Trends #0034 — Micro-Marketplaces by @DruRly

Trends #0034 — Micro-Marketplaces🔍 Problem General marketplatrends.vc

BrainPint

If you’re a maker or creator and haven’t read BrainPint by my good friend Janel, I highly recommend you take a look. BrainPint is a curated weekly newsletter for the curious with interesting reads, tools & learning resources to help you grow. Learn more.

💭 Afterthought

To finish the day, some useful advice from bootstrapper Arvid Kahl. You need to solve “critical problems for an audience that will pay for a solution to their issues.” Take care and see you tomorrow!

Arvid Kahl @arvidkahl

Successful businesses are built by solving critical problems for an audience that will pay for a solution to their issues. Not every problem is critical. Not every critical problem is interesting. Not every interesting problem is critical.

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