Daniel Vassallo

Daniel Vassallo quotes on opportunity

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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1

If people pay $5 for a Starbucks, they will pay $5 to learn something from you. The main difference is that everyone knows about Starbucks but very few people know about you. That's what you need to work on. The opportunities will follow.

2

If people pay $5 for a Starbucks, they will pay $5 to learn something from you. The problem is everyone knows about Starbucks, but very few people know you exist. If you manage to make yourself known, the opportunities will follow.

3

Career success in big tech is mostly attributable to timing. Being on the right project at the right time. And the most important skill is probably the ability to recognize a lucky situation and take advantage of it.

4

Most important lesson I learned about entrepreneurship: You can’t predict the future. You can’t predict what will work. You can’t predict what will last. So the only viable strategy in all this uncertainty is to survive long enough to stumble on good opportunities.

5

Recognizing an opportunity you aren't expecting requires plenty of idle time, wandering about, tinkering, trial and error, long walks, randomized attention, and other "inefficiencies" of that sort.

6

People thinking about opportunity cost in terms of earning potential are missing the point. If you're enduring an existence you dislike, you're missing out on the opportunity to live a lifestyle that better matches your preferences. That's the real opportunity cost.

7

Failure is a very expensive way to learn. But exposure to failure is enough to learn the same lessons. You don’t need to actually fail. Don’t let the narrative of failure is a good teacher influence you. Study your opportunities carefully, and then go for the low hanging fruit.

8

When hard work stretches you to your limit, you try to eliminate all idle time. But that idle time is actually slack in your system. And by removing all slack from your system, you also eliminate the capacity to immediately explore and pounce on opportunities when they happen.

9

Nothing that I’m doing right now was predictable a year ago. If I was focused on one goal, I would have likely failed to recognize all the opportunities that came in front of me.

10

If you have high running costs, time is your enemy. Every day adds new obligations. Your profits must always beat time. If you have negligible running costs, time is your friend. Every day adds new opportunity. You almost cannot fail. Worst case scenario is a slow success.

11

Having lots to do should feel like a long list of options, not a long list of obligations.

12

If you’re working from home in a creative profession, here’s a little secret your boss will never tell you: Results are decoupled from effort in your profession. You have to opportunity to work a lot less than 8 hours a day, and not upset anyone.

13

Enduring a boring existence is an opportunity cost too. If your high-paying job is preventing you from designing a lifestyle that better matches your preferences, it is costing you a huge opportunity. The alternative doesn’t need to pay as much to be worth taking.

14

I rarely get what I want by pursuing what I think I want. More by knowing what I don't want, by exposing myself to chance encounters, by waiting for opportunities to arise, and by pouncing on any great opportunity. Many times I don't know what I want until I see it.

15

Not every itch is worth scratching. Not every opportunity is worth taking. If you want to stack the odds in your favor, you're better off avoiding low probability bets. You only have one lifetime, and there's a limit on how many attempts you can try.

16

I don't keep a list of ideas. Inspiration and opportunity are perishable, and when those two meet, I start immediately.

17

- You can’t predict what will work. - You can’t predict what will last. - You can’t predict the next crisis. Best way to navigate this is to survive long enough to stumble on good opportunities.

18

Creating idle time is an investment in yourself. Opportunity is perishable, and when one emerges you can’t just put it on the shelf.

19

If you don't look forward to check your phone notifications every morning, you're not yet positioned to benefit from luck. You need to find a way to make random opportunities find you. And lots of them. Go build some exposure to good fortune. Make yourself known.

20

Opportunity is perishable. If you can’t afford to stop and think, you’re going to miss your opportunities. And to benefit from luck, you must first recognize luck. When an opportunity emerges, you can’t just put it on the shelf. Be ready to abandon the plan, and adjust course.

21

An investment risk that's rarely considered is that you never know when you'd need the money. There's always a loss of optionality. Sure, you invest with a 20yr horizon, but an opportunity comes up next year, and now your money is tied up or the market is down 40%.

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