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In bay area, for example, housing costs create pressure on people to jump ship pretty fast, switching companies every year. It is a rational economic strategy to maximize individual's gains, given startup uncertainty, but it is not great for startups.

To build a long-lasting conglomerate like Amazon, able to take on any new challenge, you need people who stay with the company, stay energized, and look forward to building the next chapter.

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Single people may not realize it now, but they have four times the amount of time compared to someone who has three kids. You don’t realize how much free time you have until your time is controlled by kids.

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It is hard to have someone living in the house with you all the time, and even if you spend a long time selecting the right person, you might find out they are really not a great match in the long run.

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Wealth is the thing you should really want to acquire. Wealth is a set of assets that earn while you sleep, such as businesses, products, media, robots and computer applications, investments, and land. Wealth does not need you to create more money. Wealth buys you freedom to do what you desire.

Money is how we transfer wealth; it’s the social credits systems which enables you to buy other people's time, and which rewards you, at least in theory, for your effort doing something that our society needs to be done. Money isn’t going to solve all problems, but it’s going to solve the problems which can be solved with money.

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Establish good habits because good habits enable productivity and help to alleviate anxiety.

As the list of important and urgent tasks start to grow, it is imperative to intentionally focus on the essentials.

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Luis is originally from Guatemala, a very poor country where rich people are able to afford the best education, while poor struggle to get any. As a result, the rich continue to be rich, and the poor are poor.

Luis wanted to give everyone equal access to education.

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If you can afford it, buy the fastest devices available. Time spent waiting for booting up, loading, etc. is time wasted. Compounded over the course of a year, it's a lot of hours you could be doing something else.

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Reverse engineer them.

Look at your competitors: what are they doing well, what are they failing at? Pick ideas from that. Then look at sites that are doing great at content in general, see what they are doing well, and try some of that.

Don't be a genius, just get results.

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Tony needed to kickstart his pizza business, so in order to secure cash upfront, he was able to give Alfred a discount, in exchange for an annual commitment.

In tern, Alfred realized that he could arbitrage his margins by simply selling this pizza to lazy roommates who were not interested in making a trip to the grill downstairs.

As as result, Alfred ended up making easy money in short amount of time, while Tony had to do all the restaurant work and then some.

This is when Alfred realized that even if you have a boring commodity business, you can make it interesting and worthwhile.

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0. Setup a war room. Make sure that your board and executives meet on regular basis. Communicate extensively. Then, focus on the following:

1. Be decisive. 2. Preserve cash. 3. Act with all stakeholders in mind. 4. Emerge on the right side of history. 5. Play to win the next season 6. Don't trade in the future, think long-term.

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Employment is a form of slavery, and at the end of the day no human likes to be controlled. If you want your employees to work with you, invest time and energy to influence them in the right direction.

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Yes. You do not have to respond to their every desire. It builds resilience. Think about it - do people jump and respond to your every need as adult? No. Maybe it is good to condition your kids to not expect that either.

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A major problem in the world today is how we look at the outbreaks in developing countries as something that we need to go and stop. Instead, we should want to see a world where every country can do its best to stop its own outbreaks.

What we've done is invested in many mechanisms globally, which can provide support to other countries to go and help stop outbreaks, but we have not yet invested enough and helping countries develop their core capacity and public health to do that.

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If you compared high-school to someone's day job, you'd realize that the workload is pretty easy, it's not really demanding on your time, and you might even be able to do other things while doing your school work.

"If you have to be in prison, at least learn to be a good chess player." - PG.

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Hiten suggests that over time startup founders learn to put away their own personality and instead take on a business one, which they use to communicate with the outside world. As a result, their own personality is put aside, and with it, their feelings.

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The textbook definition of a fever is 100.4 Fahrenheit and 38 Celcius. This number is created by sampling a bunch of people who are considered not sick and using their average temperature as a "norm."

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As a leader, you have to be honest with yourself. Most often, if you have created an argument for the sake of argument, you already know it, and it is on you as a leader to avoid it. People do not like to be criticized. Set up your company in a way that people around you are able to give you honest feedback, and you can share honestly with them; measure it. Ask your employees if their best ideas got heard, if they felt safe sharing those ideas, what happened when they were discussing those ideas...etc.

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Before even building Scoutzie, Kirill emailed to over 500 different designers, explaining what he was working on, and inviting them to join. Out of 500 emails, a few hundred said yes.

The first version of the platform did not actually have a way to upload any designs, but the newly invited sent zip files, and Kirill manually added those files to the database.

Scoutzie was a place to showcase mobile design, and at the time, although the demand for mobile was taking off, established players in the design showcase were not yet making it a priority. There was a clear gap in the market.

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A 3x5 card can be used to simply place a daily to-do list on based on the weekly accountability check-in. Write 3-5 tasks on the card and then star the most important item that needs to be completed.

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Zubovsky can’t provide a specific answer, but thinks that if you follow open AI, you will have a really good sense of what’s possible. He hopes that AI will remove mindless tasks from our lives.

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Sleep should be 8 hours a day and is the foundation of life. If one's bed and sleep habits are not optimized, it can impact a whole day. Air filters can help provide clear air/easier breathing. Try out different pillows until finding one that is suitable. A mattress topper can also add comfort.

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Because without a market, even a great relentless team with a great product cannot succeed.

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Status is your ranking in the social hierarchy, and unlike money, status is a zero-sum game. If you have an asset, like a house, you are not taking away from another person's ability to acquire a house. On the other hand, if someone's "status ranking" is #3, in order for them to move up, the #2 person has to move out of the way. Sports and politics are some examples of zero-sum games, where in order to have a winner, you have to have a loser.

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In order to have a winner, a status game must have a loser. Playing status games makes you an angry combative person, and that's no way to live a happy and fulfilling life.

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Price for the amount of time that you are saving the host. Courtland was immediately sold on Bradley's podcast editing services because it was saving him hours every day.

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(1) Implement emergency protocols that removes bureaucratic guidelines and enable widespread testing.

(2) Get test production into US start using new technologies which enable instantaneous testing.