7 lessons learnt from Tweetstorming

A while back Marc Andreessen started tweetstorming (10 to 20 consecutive tweets about a single subject) Personally, I don’t like following tweetstormers because it clogs my feed. So I ignored. But then I thought, Marc’s not a stupid guy, lets try it out and seen what happens. Long story short, I’m now a fan of the…

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How to raise money for your startup

  1/17 Three criteria for raising money: 1. Raise it before you need it. 2. Have a working product. 3. Have a business model from day one. 2/17 How much should you raise? The rule of thumb is to multiply your estimated cost by 4. 3/17 Calculate cost of development/manufacture, ie: R250. Double it for…

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How to eat like a Hero

(advice from my wife on eating healthily)Heroes know they need to function at maximum capacity, they don’t have time to be sick and they cannot afford to suffer from mid-afternoon fatigue.Eating like a hero is like a game where you earn supernatural powers for gobbling nutrients. Nutrients lurk in fresh fruit and vegetables, and come…

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4 factors when making a decision

Intuition (gut) (system 1 thinking according to Kahneman) Rational thought (brain) (system 2 thinking according to Kahneman) Selfishness (what do I want?) Peer pressure (what do other people want me to do?) When operating within your circle of competence, intuition is most important. The “10,000 Hour” rule says that once you have enough experience in…

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Entrepreneurs stay away from overheads

Overheads in the form of recurring monthly expenses are the same as debt.Best case you hand in notice and pay-up for another month.Worst case you discover you must pay 12 months termination fee.Either way, it requires cash and it slows you down.When you’re in a small business, survival is all about cash and speed.Stay away from…

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