How To Build The Next Billion Dollar Startup | Forbes 

If you fail to plan, you to plan to fail

the grass is green

@@satoshinakamoto7253 Sky is blue

George Patton had a plan. The "puppet masters" didn't let him complete it. They made a big mistake. He was correct in his evaluation of the situation.

Even if the plan fails, you can always learn from it.

Survivorship bias

it's not about "thinking" about some ide but it's about executing and improving upon it for years and years without stopping until it becomes something or is at least profitable and self-sustained. Or even better, taking an existing successful idea and making it simpler, more useful and more intuitive which of course is going to take you months if not years of ruthless execution. It's never about the best idea, it's almost always about the best strategy and execution.

@@mehdigharib4710 exactly

Mehdi Gharib i don’t understand how that’s survivor bias can you explain

@@farhadkarimi not all companies with ideas "that make so much sense" make it. Most good ideas get killed by bad timing or bad execution or bad luck. You only see those who made it or survived, therefore survivership bias

Totally! Most of this startup tech ceo/innovative only had an accessible opportunity. Also, financial advice is crucial before getting into a sector with little or no knowledge. The opinion of an expert cannot be overestimated.

@@admillerrr Interesting stand and yes i do concur. Matter of fact, i think financial advice should be top priority especially with beginners. Also, consider myself, having faced my fair share of the bad side of the market, I was able to realize how important capital, time and vision mattered with every trade entry. Fortunately, I have been able to build up a $138k portfolio with an average of about a 9.3% roi following - Yvonne Annettes Lively guide. The market is an ocean and not a lake

@@Ryanjcanfield the finpreneur from the fin week podcast? where she talked about debt being the fuel to the economy? Interesting. Isn't she sorta priced for 11% monthly roi? I mean Yvonne Anette Lively

@@hueymorello5115 it's actually a 9.4% I ooked her up earlier. Pretty detailed records on there

easy excuse

Well in mho the idea of passion is being able to take the idea you love and pivot it.

Did you sell sand?

@@usedtissue1073 sand is actually valuable for concrete. He probably sold rock.

@@usedtissue1073 I tried to sell music. It's even worse..

@@terrythompson7535 You tried right, why did you stop? keep selling all day everyday, learn more repeat until it works out

I am agree with you, and I think you have to check his book 0 to 1

for introvet genius, who wants to change the world and always was better than everybody else around him, otherwise these advices are harmful

K

+Bryan Wheelock Hes the best team builder in the world. Everyone that was in the PayPal mafia went on to become billionaires. Elon musk became a billionaire, the linked in cofounder , the guys that made RU-vid etc. Everyone on Peter Thiel's paypal team went on to make millions and change the world. People dont even know that.

+Void Lotfi I feel that his advice not to create the next big "Facebook, or Google" etc is kind of bad. There won't be competition if people don't try that. Most hedge funds are also startups.

+Bryan Wheelock you will never beat google with a search engine. You will never beat facebook with a social network (unless you make it really different, like instagram or twitter did). So the thing is, you have to do something that hasn't been done.

Jhok Twenty investment partnerships have already been done and they are enormously profitable.

Bryan Wheelock what does that have to do with anything i said? we are talking about start ups, not investing in other people's companies or startups.

*Recommend*

It *really* is.

Albastroiu Radu recommend**

Command it

@@Intraday_Trading_Call_Options 🤣🤣🤣

What's your start-up about?

how's the progress?

@@testing6753 bro forgor 💀

@@testing6753 Yeah, I came to ask the same thing.😎👍

did you even started yet ?

Volcanos spit out more C02 than the entirety of all human civilization. So try to figure out how to stop volcanos from erupting.

They weren't simpler, they all had features or functions that other companies didn't have at the time. Zuckerburg thought of making the site a type of phone book for the internet with people's information displayed for others. The whole starting with colleges and making it exclusive was important in it's beginning, but that's not what the product was all about. It was just a catalyst. It was a way for people to look up others online and find out information about them. It wasn't just about connecting with friends like Myspace and Friendster. Zuck wanted to build a directory. The world's largest one. Myspace wanted to build a hangout. Google created the concept of Pagerank, which separated it from other search engines and made searches more relevant. Before Google, no search engines thought "Hey, what if we ranked websites based on how other websites vouch for them. If a site has many links going to it, it ranks higher because other sites are vouching for it". This was MAJOR. These types of functions are the product, not the "social network" or "search engine" wording that might tell you what the site is. Yes, lots of sites have that wording and are called these things, but these sites operate so extremely differently that they can be in a product class all their own.

@@crispinhandly6159 sorry but that's your opinion, not an objective fact.

@@brandonreed09 No you're just not familiar enough with these websites or their histories so when presented with objective facts you view them as opinions. You come to Facebook and you don't see as many bells and whistles as Myspace. You see Google is just a white page with a single box. You ASSUME this means they are simpler and cheaper. All you know about these sites, clearly, is what you see when you look at their homepage. THAT is not objective. Things I mentioned such as Pagerank and Exclusivity and Zuck wanting a directory are in the documentaries, the movies, the interviews from the founders, etc. It's all well-documented. You think I just came up with Pagerank as opinion? I just came up with that concept out of thin air? Obviously this has such an extremely long Wikipedia page and millions of results in Google discussing it because of it's significance to Google.

I think the conclusion is that the idea of connecting people online already existed but Facebook did something different. In that sense I think it’s not zero to one but more like 0.5 to 1

12:40 timestamp

@@cellocovers3982 thanks

Bruce upbin

@@DheerajBhaskar peter thiel

Thanks

+C. Lincoln Corruption. You have to figure out how to solve that. The politicians of that country, would they allow you to succeed? India rejected facebook's free internet.

+Braintem I'm Indian , there are many reason why our government has rejected facebook's free internet. Number 1 is he had an alliance with reliance company where you can use facebook free internet only if you make use of reliance sim or any reliance services. This is basically against net neutrality . Do not try to fool us dear americans.

+Braintem It wasn't the politicians that rejected free basics, the people did. The controlling agency opened up a poll for a month for people to put forward their thoughts and most of them said no.

Sounds so easy. Why didn’t you do that ?

Most people are too scared to start a company lol

Yes ..We Are ...✌️

@@xhorizon1976 Most people don’t have the funds to start a company and support their family.

@@klppdc Most people have good excuses when it comes about starting a risky project

@@SantoshLLC You're right. And as a matter of fact if we deeply follow his advice our chances of starting a billion dollar business exponentially increases.

@TheBlondie NightLife / night entertainment

Don't rush your idea because of this reason. Usually something your idea is about already exists but maybe in an other shape or form. Dive into your idea, make a business plan on how you want your business to really be. Quality over quantity. Patience is one of the most important characteristics that most young entrepeneurs like me, are struggling with. Focus on the small first, and only then you'll be able to grow.

Right, because he saw the growth statistics and knew it would be worth more later.

+ParaParagon Not sure about that -- Found him interesting the first time, but after listening to more than 1 talk there seemed to be an inordinate amount of repetition.

+blanket X yeah.. maybe if I cross-out the word "always" then my sentence would have more validity.

Why cant we be on the 0.00002% side? Think ppsitive bro

"I AM"... Use them and speak it into existence.

@TheBlondie There isn't just one tech hub in the world.Cities like Bangalore in India,Berlin in Germany and Shanghai in China have created numerable breakthrough tech companies.The fact is that, not all cities or countries have the same level of demand of technological advancement.If you try to sell a Software at tribal area of Ghana,will they be interested in it? No!!! So,the point is that,you should sell your products to those who want it,who need it and who can use your product in their day to day work.

Hello I have a business proposal for you

Brandon Stevens im

Hello I have a business proposal for you

They r essentially the same person on the inside

Pablo Rages This is ten percent luck Twenty percent skill Fifteen percent concentrated power of will Five percent pleasure Fifty percent pain And a hundred percent reason to remember the name

@@mikesorokin5550 my man! 😎

mashallah alhumidllah inshallah better

true

I think the principle still applies. The example he mostly uses (and that most people imagine) is essentially creating a new market. Since you created the market, there is no competition and you can truly dominate the market. But the principle can also apply to pre-existing markets. You can still compete in an existing market, whilst doing things nobody else is doing. Cheaper prices being an example (afaik Walmart and Amazon). Tesla could probably also be an example, since at the end of the day it's still a car company. But it did something nobody else was doing, electric cars. Also I think Standard Oil used some methods to create their monopoly that would today be illegal (like predatory pricing).

Copying business model is always safer however you also have to compete and succeed. But if the pie is big enough, multiple players can dominate the market and succeed at the same time. Boeing and airbus come to mind.

It was explained in Ch 5 of Zero to One. Last mover advantage. The examples that you write fall under that Ch 5 explanation.

@@venmis137 lol universities have predatory pricing

That’s wrong, people with high iq’s are better at everything that is complicated, and social interaction/reading people definitely falls into that category. The people you are referring to are systematizers, and not empathizers, which tends to make them awkward. However, a systematizer with an iq of 145 would have better social skills than an individual who is as much of a systematizer with an iq of 100. This means that what you said is the opposite of the truth

It's just driven by angry politics, pay no attention.

It's why there are few winners... and most people in even great societies are "non-winners."

Sour grapes syndrome

whats your business

@@kasdimfer5156 community service app.

@@zombiemillionaire6397 name?

@@kasdimfer5156 Not up yet. Hiring Filipinos to aquire and Input information at the moment.

@@kasdimfer5156 From my wording in the above comment, I hope you did not take that as "Were making 20 Million a Month" I was just saying that it's not a Billion Dollar a month business but could be a $20 Million a month business.

Beat me to it!

um

Fuck i'm gonna get distracted by that now that you mentioned it! Thanks

I think you'll get more drunk in the same game with Elon Musk speaking

HIMYM

Apple did the same.

didn't he back the winner?

If by “weird” you mean “not batshit crazy liberal” then you’d be right...

Sultan Alrefaie Palantir. Big-Data.

I have a 10 billion dollar idea if you are crazy to do sth connect with me I'll guide you

Guilherme Lourenço zero to one, it is amazing book it changed my life

Very important message about up to newer and people that invest

Hi Juanita Mcferrin, good night, beautiful Thought Vedio..Thank you.. My dear darling..

Its nothing wrong with technology to learn more things about our Internet thank you