Entrepreneurship

I was talking to a friend today and he said he disagrees on luck being necessary to be successful in business.

I disagree with his disagreement :D

Joking aside, I think everybody successful in business was lucky. Context, the right people, there’s a lot of things that you were lucky to get.

Of course, you can be the luckiest person ever, if you don’t take advantage of the opportunities, luck doesn’t matter. But to say it’s not there…

So, if luck matters, why even try starting a business? Because you can put yourself in the best position for the moment luck will hit. You can build a great team, you can optimize costs…

Sometimes, the luck comes too late, of course, but that doesn’t mean you shouldn’t prepare for that moment.

I don’t like living in big cities anymore. I like visiting and spending some time there, but I love living in a 100k+ population city. And while I moved here before the pandemic, I was so happy I made the move when it started.

And I’m not the only one. There’s now a name for the cities/towns that allow people to work remotely while balancing a good life close to nature: Zoom towns.

Rumore bets there’s a good chance many Zoom towners will remain in their new homes, too, particularly as towns evolve alongside their latest residents.

“Once they reach this tipping point where they’re a pretty cool town with a nice coffee shop and cool bars and good restaurants – when they get over the hump and become a place – people want to stay,” she says. “So, what’s interesting about this flood of amenity migration is that it probably tipped a lot of these communities over that hump.”

Sherlin, the remote worker who traded Los Angeles for Northwest Arkansas, says she feels like she landed in the right place at the right time. “So far, I absolutely love it,” she says. “I don’t see myself leaving, but I’m going to complete the year and figure it out from there.” 

No one knows whether companies will keep remote-work policies forever, so it’s hard to predict the future of these nature-adjacent Zoom towns or the workers who’ve flocked to them. At the moment, however, for outdoors-loving workers who are able to pick up and leave, many Zoom towns have rolled out their welcome mats. Step on in.

From here: The ‘Zoom towns’ luring remote workers to rural enclaves – BBC Worklife.

Seeing the flurry of IPOs and acquisitions in the tech space I didn’t somehow expected StackOverflow to be sold to Naspers/Prosus. I actually think it’s the best outcome, since the buyers will probably want to increase the value of the asset and Naspers has a history of doing this successfully and not selling assets after fluffing them up a little bit.

Today we’re pleased to announce that Stack Overflow is joining Prosus. Prosus is an investment and holding company, which means that the most important part of this announcement is that Stack Overflow will continue to operate independently, with the exact same team in place that has been operating it, according to the exact same plan and the exact same business practices. Don’t expect to see major changes or awkward “synergies”. The business of Stack Overflow will continue to focus on Reach and Relevance, and Stack Overflow for Teams. The entire company is staying in place: we just have different owners now.

This is, in some ways, the best possible outcome. Stack Overflow stays independent. The company has plenty of cash on hand to expand and deliver more features and fix the old broken ones. Right now, the biggest gating factor to how fast we can do this is just how fast we can hire excellent people.

From Joel on Software

Also, the press release from Prosus:

With expertise in scaling communities in high-growth markets globally, Prosus can help accelerate Stack Overflow’s growth ambitions, with a particular focus on reaching a wider international community, while also further scaling the company’s Teams product to position Stack Overflow at the center of product and technology development within major enterprises globally.

Prosus has built a significant presence on the enterprise side with a focus on the future of workplace learning. Prosus will reach 90% of the Fortune 100 across its corporate learning companies including Stack Overflow, Skillsoft, Udemy and Codecademy.

I genuinely don’t know if this interview with Marc Andreessen is a parody or the real thing (apparently it is the real thing), but you should read it nevertheless.

Henrich describes in his book how some people (us) are culturally WEIRD — Western, Educated, Industrialized, Rich, and Democratic — but most people in the world aren’t. Yet.

[…]

I find this thesis enormously compelling and largely optimistic. I predict that we — the West — are going to WEIRDify the entire world, within the next 50 years, the next two generations. We will do this not by converting non-WEIRD people to WEIRD, but by getting their kids. Their kids, and their kids’ kids, are going to grow up on the Internet at least as much as they grow up in the real world, and the pull of WEIRD culture will overwhelm all existing non-WEIRD cultures. I realize this is a very strong claim, but this process is already underway; at this point I think it’s inevitable. The cost of this will be a collapse of global cultural diversity exactly as you and Rozin predict.

From here: The Dubrovnik Interviews: Marc Andreessen – Interviewed by a Retard – Fisted by Foucault.

via Marginal Revolution

When friends ask me about raising money, this is one of the first articles I ask them to read. It’s a sales deck, but a lot of that transfers into raising money, so it’s worth going through it and understand the fundamentals.

A few months ago, my friend Tim took a new sales job at a Series C tech company that had raised over $60 million from A-list investors. He’s one of the best salespeople I know, but soon after starting, he emailed me to say he was struggling.

“I’ve landed a few small accounts,” Tim said. “But my pitch falls flat at big enterprises.”

As I’ve written before, I love helping teams craft the high-level strategic story that powers sales, marketing, fundraising — everything. So Tim and I met for lunch at the Amber India restaurant off San Francisco’s Market Street to review his deck.

After loading up on the all-you-can-eat buffet, I asked Tim, “At what point do prospects tune out?”

“Usually a few slides in,” he said.

Intent on maximizing dining ROI, Tim went back to the buffet for seconds. When he returned, I pulled out my laptop and launched into a Powerpoint presentation.

“What’s this?” Tim asked.

“This,” I said, “is the greatest sales deck I have ever seen.”

From here: The Greatest Sales Deck I’ve Ever Seen | by Andy Raskin.