I am a Taiwanese English teacher who has been bootstrapping for my brand. I must admit that I can't understand many parts of the video due to language barrier; however, this is indeed a wonderful and informative video to watch. Thank you
32:35 in the initial stages of a fast startup, you need to hire people who can hit the ground running. As you scale, you can slightly reduce this, and by thinking on longer timescales, you can consider some training to get people up to speed
41:30 try to give people chances to try leadership roles, but if the learning curve is too large, know when to hire someone else who already has been past that curve
I have finished watching this video completely. (我看完這部影片了) I am a Taiwanese who cares about the global affairs. (我是一個關心全球事務的台灣人) And, sadly, most of my fellow Taiwanese don't really care about the world. (但是，很不幸地，我大部分的台灣同胞不那麼在意世界。) Hopefully Taiwan can become increasingly globally-aware and globally-competitive. (希望台灣可以越來越有全球意識與全球競爭力。) God bless Taiwan. (天佑台灣。)
Based on current valuation they gave 1 billion dollars or more to each of the first 10 employees (soon might be worth 2-3b each). Based on Forbes list with 490 new billionaires this year, they compensation plan has created over 2% of the new billionaires globally.
On the culture of risk that is worshiped in a startup project: it is a culture that only privileged people can afford. One can only afford to dream and invest in something that has so many chances to not work out if they are already pretty cushioned in life. In this way, startups are populated by the well-off kids who will lead technological revolution. And the cycle goes on.
I basically agree with you that all children of the affluent get more opportunities . Definitely not rich. Basically self taught Read hundreds of books and developed their skills in multiple domains. Growing up poor has one advantage The hunger... I wish you the best of your journey
@@jeffharrington8883 See, I'm not bashing anyone here, I do recognise that they put tremendous effort in what they achieved. Yet, the access to hundreds of books, the hunger, even the notion of having to 'develop one's skills', these things come with a certain background. If you are coming from a very broken family, without time to be just a regular kid, without support through your teenage years of angst and insecurities, living in a small place without access to stimuli, or to friends who will introduce you to anything other than booze and pot, with debt upon debt...this is the reality of a vast majority of people. And the start-up culture makes this all sound like 'make the effort and you get the results'. This is a harmful approach because it only works to a small minority of people who have the conditions, environment, support to be able to even find out what they want to do in the first place....it is a lot more difficult than the simplistic approach shown in the video. And i hope those who don't have that kind of luck, that they also find their way, and do not feel bad about themselves for trying so hard and still not seeing results. That is what I wanted to say. Hard work sometimes is not enough if one doesn't have the environment and the direction. And the majority of people don't..unfortunately. Not trying to disqualify or shame the guys in the video. Well done for them, and their effort. But I do think we need to address the contexts that make that kind of dream and effort to be rewarded.
Interesting perspective and well said. I believe our circumstances and the resources we have access are out of our control but resourceful is not. You can learn almost any profession for free online if you have want to. I 100% agree with you circumstances make extraordinary more difficult for many people where we differ is the degree to which an individual can change their circumstances. Thanks for sharing your perspective. I grew up poor and so did all friends ( electricity turned off, no food fu stuff .. lol) how about yourself?
