22 korrents from this recording
Every claim below is a statement made in this recording, quoted word for word and linked to the second it was said, so you can hear it rather than take our word for it. The wording comes from the transcript published alongside the recording; the sentence above each quote is our reading of the claim, not their wording.
0:04:29 · watch on youtube.com↗
Their wordswe have these instincts like in our gut, these human level instincts that are pretty much always right. And then we put these ideas on top of the instincts that are usually wrong. And my rule of thumb is your instincts are right 95% of the time.
0:08:17 · watch on youtube.com↗
Their wordsAnd I like to say we we don't we haven't earned the right to innovate on the camera until we are the world's leading PhD on the best mobile cameras that already exist.
0:10:10 · watch on youtube.com↗
Their wordsAnd we have to accept that that new idea is probably going to fail. It's a reason to try it for people, but it's probably going to fail.
0:15:27 · watch on youtube.com↗
Their wordsin the Peter Teal sense it's almost a moral arbitrage because there's something in our gut as a product you you became a founder an entrepreneur because you wanted to go be an innovator and so it can feel like a beatdown that your path to innovation starts with copying other people's work
0:16:17 · watch on youtube.com↗
Their wordsif you're truly ambitious, burn your resume. If you and if you define your ambition in the eyes of your consumer, not your peers, you're not trying to win awards and respect from your peers.
0:17:04 · watch on youtube.com↗
Their wordsBut if you took something that she loves and you make it one inch better, she might love that more than if you showed her something she's never seen before and didn't wake up knowing that she wanted.
0:18:48 · watch on youtube.com↗
Their wordswe feel this sense of ownership of products that we rely on every day. And we're angry when they change. Even if they change for the better, we're like angry because we go through life faster because of pattern recognition.
0:24:25 · watch on youtube.com↗
Their wordsif if we're if we're too ambitious and we're at the outset and too ambitious and visionary about the product we want to build, then we will probably miss product market fit because we won't start at a small enough humble enough place
0:27:46 · watch on youtube.com↗
Their wordsit almost gives a new founder an advantage over a multi-time successful founder because we have too much rope to hang ourselves. It's too easy to raise money and recruit teams against a big vision before we've gotten to product market fit.
0:33:46 · watch on youtube.com↗
Their wordsthere's a difference between belief and hope. Hope is confidence without basis. Hope is just, you know, it's it's a prayer, but it's but it's it's not it's not founded in anything that your your lived experience.
0:35:04 · watch on youtube.com↗
Their wordsMinimum viable. that the viable is the the word we got to kill along with hope because viable is where hope comes from, right? If it's viable, it might make it, right?
0:39:45 · watch on youtube.com↗
Their wordsthe way we should be using AI is as a testing machine, a failure machine, and a way to vibe code, cloud code, but but build build the, you know, the the lowest possible cycled version of your product that you can get signal back on.
0:44:19 · watch on youtube.com↗
Their wordsI believe that the most valuable companies in the world, well, statistically this is true. They have the highest day 365 retention.
0:45:30 · watch on youtube.com↗
Their wordsI like to say viral-based companies, and there's been many, you know, be real, there's, right, we've seen these, they're sinking speedboats. They're trying to drive faster than they're sinking, right?
0:52:06 · watch on youtube.com↗
Their wordsI believe that we have beyond a latent demand for social we are being social right online. We are on Snapchat and Instagram and and Tik Tok, but I believe it's it's lost the adrenaline.
0:58:07 · watch on youtube.com↗
Their wordsIf you're asking whether or not your product is an A, it's not an A. And you're you're full of hope.
1:02:08 · watch on youtube.com↗
Their wordsthere there's a one question we got to back up and really explore which is is AI a new platform and I would argue that it is not yet a new platform. It is an important technology.
1:05:34 · watch on youtube.com↗
Their wordsDistribution has to be part of your product and part of baked into the strategy deeply and and proven from the beginning. And if you're just building this product and hoping they will come, hoping it'll spread virally or word of mouth, you know, that's hope strategy, you know, not a belief strategy.
1:19:48 · watch on youtube.com↗
Their wordsAnd I believe the best product CEOs are in the minutia of the details. you know, all the stories about Steve Jobs. I was so impressed when I heard that he insisted on picking out the carpeting in the conference rooms, you know, and and I tried to have that same mentality of micromanaging the really small pixel level details that matter.
1:25:15 · watch on youtube.com↗
Their wordsif if I got to pick one if I get to pick one thing that you do as CEO, I'm going to pick that you're right. So even if you don't, you know, even if you don't operate the ship or the factory that well, I'd rather that you picked the right product, the right strategy than you were phenomenal at execution or inspiring people or managing because, you know, being in the right body of water matters more than the right boat.
1:31:25 · watch on youtube.com↗
Their wordsmy kids are in this educational system that is trying to prep them to get into a good college and to be a knowledge worker and I know that game is over
1:36:18 · watch on youtube.com↗
Their wordsit's to build an internet treasure which is a service we can't remember life before or imagine life without. And I believe as product makers that that's the greatest ambition and the greatest thing that we can offer the world.