Daniel Vassallo

Daniel Vassallo

Building a portfolio of small bets. Quarter-time with Gumroad. Building userbase.com. Creator on dvassallo.gumroad.com. Ask me anything at daniel@hey.com.

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#networking

The weekend is a good time to take stock of your means: your skills, your connections, your free time, your experience, your location, your perspective, your interests, your strengths, etc. Then try to use what you have to design a lifestyle that better matches your preferences.

#psychology of being an entrepreneur

Serial entrepreneurs like to create businesses. Portfolio entrepreneurs like to run businesses. (Creating them is a means to an end.) You get a huge advantage in business if you learn what you really like doing.

#leverage

You won’t know if a great idea is really great until it survives the impact with reality.

#data

Overrated: data Underrated: gut feel

#helping others

If you want to help (both yourself and others), do something where people will voluntarily exchange their hard earned money for it (and not regret it).

#opinion

You don’t get an open mind by trying to acquire all the information, but by delaying the formation of your opinions. Problem is that opinions are sticky. Once we generate a theory, we are unlikely to change our mind, and find it very hard interpreting conflicting information.

#personal finance

Probably the best way to build resiliency right now is to imagine ways you can get an income while locked inside for a year or two. Ideally not from a single point of failure (one employer).

#startup advice

People will always prefer to business with people they like. You know who’s hard to like? A big faceless company with a board of directors and an army of lawyers. If you’re a small business, the playing field is tipped in your favor. Let people know you, and some will like you.

#gratification

One of the traps of demotivation is the expectation of linear progress. You may work for a month and go nowhere, but then something comes to you in a flash. That’s unless you get disheartened by the empty results and give up before the reward.

#confidence

Confidence comes from having nothing important to lose. Repeated success doesn't necessarily lead to confidence because our subconscious knows that it might have just been luck. So, choose carefully what's really important, and protect it aggressively. Then, confidence comes.

#repitition

Confidence comes from having nothing important to lose. Repeated success doesn't necessarily lead to confidence because our subconscious knows that it might have just been luck. So, choose carefully what's really important, and protect it aggressively. Then, confidence comes.

#complexity

As you start thinking about new year resolutions, make sure you’re designing your own lifestyle and not following one constructed by others. Whatever you think you want, you might not really want. Don’t unnecessarily complicate your life just because it’s what your neighbors do.

#growth

If you sell something for $45/month and you manage to add just ONE new customer every day, by the 5th year you’ll have a $1,000,000/year business.

#passion

Starting a business because of an all-burning passion for the domain is like getting high on your own supply. It will likely cloud your judgment, and lead you to imprudent risks. You need to enjoy doing the work, but you probably shouldn't pursue it with desperation.

#distinction / unique

Very big difference between choosing to work for yourself vs trying to realize an idea at all costs.