Sahil Lavingia

Sahil Lavingia quotes on tips to founders

Founder Gumroad, funder @ shl.vc

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1

If you want less competition, pick a harder problem.

2

Build things you wish people built for you.

3

Falling sick reminds you that the largest competitive advantage you can have is being healthy.

4

As a founder, your primary product is clarity.

5

You can guarantee yourself the ability to start a startup: Buy a domain. Learn to code so you won't need to pay for engineers. Learn a bit of design so you won't need any designers. There you go. Now you can launch anything.

6

Simple rule for founders: don't take money from people you wouldn't hire. Simple rule for investors: don't give money to people you wouldn't work for.

7

How to be a better engineer: work with great engineers. How to be a better founder: spend time with great founders. How to be happier: surround yourself with happy people.

8

Being a founder is great for personal growth, because if you don’t grow your business dies.

9

Build many things to find the one you should have been building all along.

10

It takes building a business to learn how to build a business.

11

Make a product people love, and make it super easy for them to delete their accounts. Build a company people want to work for, and make it super easy for them to leave. Anything else delays the inevitable.

12

Great customer support will get you: - A cult following - A better product through customer feedback - A humbled team It might be more important than having a great product!

13

Pro tip: If you're bootstrapping, you can still take advantage of venture capital by using all the VC-subsidized software available on the market.

14

Chaos Monkey your organization. Get rid of all meetings, deadlines, and goals. Let everyone work on whatever they want. See what happens.

15

"Make something people want" includes making a company people want to work for.

16

It's a great time to implement: - No meetings - No deadlines - No goals - No "core" working hours - No expectations on response times

17

Do not improve your product based on the feedback of those who do not use your product. Improve your product by talking to the people who already use your product, but aren't in love with it. Reward early adopters, who in turn will reward you with more users.

18

Number one tip for new leaders, managers, and CEOs: spend a few minutes every day complimenting the people around you on their awesome work. Easy to forget, and your words mean more than you think.

19

Don't hire someone who needs to hire someone to do their job.

20

Pick a problem you'll love working on, not because it'll make you buckets of money. Because when years pass and there's still no money in sight, the love for the problem will keep you going.

21

Don't focus on how great or terrible the things you're making today are, but on how much better they will be if you keep going. The best thing you could write, paint, or build today will pale in comparison to the worst thing you could write, paint, or build in ten years.

22

Learn to communicate. If you're a designer, you communicate a lot. If you're an engineer, you communicate. If you're a founder, you communicate. If you're a VC, a lawyer, a painter, a podcaster, an accountant, a comedian… you communicate. Learn to communicate!

23

Most investors want to invest in companies that would succeed without them. Most employees want to work on products and teams that would succeed without them. The best way to get help is to get yourself to a place where you don't need help.

24

If you don't think you're ready to start a company, don't worry, no one is.

25

"I have a billion-dollar idea but I need a technical co-founder…" "Everything is ready to go, I just need your help meeting investors…" If you believe in your idea, don't let other people stop you from making progress.

26

If building a business is scary, build an app. If building an app is scary, build a toy.

27

The less you need something, the easier it is to get: raising money, hiring great people, customers, and more.

28

If you really want something to exist, but it seems like no one else does, make it anyways. I promise you a thousand other people were thinking exactly what you just were, and did what you *almost* did: nothing.

29

Many systems require you to learn a game that many people don't want to play. Raising money, making a movie, getting promoted, getting signed. You might not like the game, but the best way to change it is to win it first.

30

You learn more at the fringe than you do at the center.

31

Ask for help, not permission.

32

Simple heuristic for founders: If it doesn't show up somewhere on your PL, it's a vanity metric.

33

If you’re a CEO who has done crappy things in the past, apologize before there’s a PR reason to!

34

The minute you're tired of pitching your startup over and over again is the same minute you've gotten really good at it.

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