527 passages, newest first · 361 ms
`1:13:16`
Don't spend anything on anything, basically, except the tool you use. Let's say, it's your laptop or whatever you're going to use. Get a good one. They don't cost much anymore. 1,500 bucks or something like that, you can get a really nice MacBook Air or whatever. You need an internet…
`1:14:02`
I think Brian Chesky had a really good bit on this, I think, on your podcast about how companies get complicated. And I loved that. When I was hearing it, I kept hearing this unfolding, this complex shape that you almost can't fold back. It's so complicated now that you don't even see where…
`1:14:49`
What's the worst that can happen? You got to be at peace with the worst that can happen. Just role- play that and go, "What's the worst?" For example, we're doing these new ONCE products. What's the worst that can happen? Well, the ONCE model is totally different. It's not SaaS. It…
`1:15:40`
what's going to happen if it doesn't work out. I want to touch on Linear. One, it's interesting that you guys have a lot of similar philosophies. What is it about project management, task management software that creates this sort of approach to business? That's maybe one question, if there's something there…
`1:16:26`
them and it sounds like they have some similar points of view. Where those came from, I don't know. Maybe they materialized out of nowhere. Maybe they picked them up from someone else. Maybe they came up with them themselves. Lots of different ways to work. It's nice to hear that other people are trying…
`1:17:16`
"Let's hire some more people. Whatever, we can afford to. In fact, they need us to spend the money, by the way. They didn't give us the money to save it and earn 6% interest." Which would be great now. Three years ago, 0% interest. "They didn't give us the money to sit in…
`1:18:05`
at it they're going to get. I used the guitar metaphor a bit earlier, I'll use it again. If you're playing guitar, if I give you a guitar and ask you to go up on stage and play guitar, you're going to suck. It's going to be horribly embarrassing and you're…
`1:18:50`
They get better and better and better at the fundamental skill you need to have ultimately to run a successful business, which is to make money. If you don't have to do that from the start, you're just not practicing that. You're practicing spending money. Getting good at spending money is not a valuable…
`1:19:38`
You need constraints. When you have just loads of money, you basically have very few constraints. That's what tends to lead to slop. Versus like, "Hey, if we don't figure this out, we can't make payroll next week or next month." You just start to figure things out. One of the best stories I…
`1:20:23`
Go, sell." Versus all the things you could possibly do. "Go sell some bars." It's just such great advice and it just cuts through all the crap. I like that scrappiness, and you don't get scrappiness from having large S. You just don't. It's just too easy not to have to do anything…
`1:21:11`
Money's harder to find, it's harder to get. Even companies who've raised money, investors are not necessarily putting in additional rounds. There's deep cuts happening, layoffs, pain and suffering. It's hard to switch from having a lot to not having enough, and then having to work as if you know what to…
`1:21:56`
If you don't have the experience, how are you going to know? I'm the same way with the newsletter and the podcast. There's no way I can grow this thing with money, really. I've tried a bunch of little experiments and nothing really does anything. It actually comes back to, let me find…
`1:22:42`
It's not, aim for an exit. It's not, be on the cover of whatever. It's not many of those things. Maybe it's the Midwesterness in me, growing up in Chicago. I don't know. It's just that. The best business advice I ever got, I got from my dad. It's just…
`1:23:28`
And then, I think you guys are announcing the actual first product within this umbrella? Yeah. The idea behind ONCE is, David and I feel like, we're probably a bit early here, but we feel like there's going to be a bit of a turn back towards the way things were. Pendulums always swing. And…
`1:24:13`
So that's new. I'm paying for new weekly or monthly, okay, that makes sense. I mean, I know there's new stuff that comes out in software products but let's face it, the core of the thing that you're using, 90% of the time is the thing you've been paying for four…
`1:25:02`
And so we're going to launch the first one shortly here and then we plan on doing, hopefully, maybe three more next year. And the beauty of these things is that what we're basically doing is we're going out in the market and looking at it, although we already know it because we've…
`1:25:49`
So we're out there looking for commodities that are still charging luxury prices that we can create really beautifully tight, simple, essential generics of very high quality that don't do everything that the other products do, but get the core of it right, the 80-20, we get that right at a high degree of…
`1:26:36`
Yeah, sure. The first product we're going to be launching is basically an old product that we made way, way, way back when. So years and years and years ago, 2006, we launched a product called Campfire, which was- Oh, of course.... a group chat tool. How could you not remember Campfire? Well, some people are…
`1:27:22`
There are a million ways to chat with people now, and in the business realm, they're all still quite expensive and they're all month to month to month. You got Slack, you got Teams, and you've got a few others and it's like, you know what... And there are some open-source alternatives…
`1:28:07`
just get to this alternative point of view, is that these don't necessarily need to replace things. They can be in addition to. You might still run Slack at your company but you want to back up for when Slack goes down, or you want a special air-gapped chat for your executive team that cannot…