Chapter
Over-Optimizing vs Just Doing It
1:05:03 - 1:11:49 (06:46)
The difference between over-analyzing and over-optimizing versus just doing the thing, as told by a first-time startup founder and their encounter with a second-time founder in the crypto space.
Clips
The speaker categorizes founders into three phases based on their level of knowledge and experience, from the beginner who is unaware of the complexities, to the second time founder who is overly focused on optimizing the cap table, to the "idiot genius" visionary who is not afraid to dream big.
1:05:03 - 1:06:23 (01:19)
Summary
The speaker categorizes founders into three phases based on their level of knowledge and experience, from the beginner who is unaware of the complexities, to the second time founder who is overly focused on optimizing the cap table, to the "idiot genius" visionary who is not afraid to dream big.
ChapterOver-Optimizing vs Just Doing It
Episode3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith
PodcastMy First Million
The "idiot genius" principle applies to startups as well- where one shouldn't overthink things and jump on opportunities they find interesting, without worrying about being an expert.
1:06:23 - 1:07:32 (01:08)
Summary
The "idiot genius" principle applies to startups as well- where one shouldn't overthink things and jump on opportunities they find interesting, without worrying about being an expert.
ChapterOver-Optimizing vs Just Doing It
Episode3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith
PodcastMy First Million
The guest talks about the NFT hype and how he took a chance on investing in crypto projects, including a picture of a "not right-click save as" sold for $50,000, and multiple "apes" bought 18 months ago for $1,000 each.
1:07:32 - 1:08:54 (01:22)
Summary
The guest talks about the NFT hype and how he took a chance on investing in crypto projects, including a picture of a "not right-click save as" sold for $50,000, and multiple "apes" bought 18 months ago for $1,000 each.
ChapterOver-Optimizing vs Just Doing It
Episode3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith
PodcastMy First Million
The key to success lies in simply starting and not getting bogged down by over-analyzing.
1:08:54 - 1:11:49 (02:54)
Summary
The key to success lies in simply starting and not getting bogged down by over-analyzing. By taking the first step, unexpected opportunities may arise that wouldn't have been noticed otherwise.