Chapter
The Challenges of Operating a Company
2:42:41 - 2:48:51 (06:09)
Operating a company is one of the hardest things on Earth and requires hard work and honesty among partners. Many people have convinced themselves that they work hard, but ultimately end up not working hard enough to succeed.
Clips
The absence of truth tellers in an environment can lead to poor decision making, especially in entrepreneurship where the stakes are high.
2:42:41 - 2:44:36 (01:54)
Summary
The absence of truth tellers in an environment can lead to poor decision making, especially in entrepreneurship where the stakes are high. Having partners can create a reality check system and prevent irrational decision making.
ChapterThe Challenges of Operating a Company
Episode#243 – Kevin Systrom: Instagram
PodcastLex Fridman Podcast
The idea of working hard in operating roles compared to other business-involved roles can be misleading, as many convince themselves of their work despite the extreme difficulties of operating.
2:44:36 - 2:46:57 (02:21)
Summary
The idea of working hard in operating roles compared to other business-involved roles can be misleading, as many convince themselves of their work despite the extreme difficulties of operating.
ChapterThe Challenges of Operating a Company
Episode#243 – Kevin Systrom: Instagram
PodcastLex Fridman Podcast
The co-founders of Instagram, Kevin Systrom and Mike Krieger, credit their successful partnership as a key factor in the creation of the popular social media platform.
2:46:57 - 2:48:51 (01:53)
Summary
The co-founders of Instagram, Kevin Systrom and Mike Krieger, credit their successful partnership as a key factor in the creation of the popular social media platform. Their understanding of each other and support helped them push through the challenges of building a better product together.