Many tech companies begin with a personal pain point. A frustration that compels someone to act.
For Drew Houston, this moment came on a bus trip from Boston to New York. The young entrepreneur forgot his memory stick, erasing any hopes the 4-hour commute would be productive.
As he put it:
“I was so frustrated — really with myself, because this kept happening. And I’m like, my God, I never want to have this problem again. And I opened up the editor and started writing some code.”
This was the starting point for the file hosting site Dropbox.
Quibi announced its intention to shut down on October 21.
The streaming platform tried to differentiate itself by producing mini-episodes that ran 4–10 minutes in length. Though the content may have been short, the line of backers was long.
Quibi raised over $1.75 billion from notable VCs and competitors. Additionally, Will Smith, Jennifer Lopez, and Steven Spielberg all signed on to develop programming. Further buoying its chances, former Disney Studios chair Jeffrey Katzenberg and previous HP chief Meg Whitman helmed the promising venture.
From the outside looking in, Quibi had all the ingredients for success: capital, content, and expertise. …
“80% of the effects come from 20% of the causes.”
Vilfredo Pareto put forward this idea in 1906. The Italian economist had just completed a review of his country’s land ownership. The takeaway point that has immortalised him since, was that 80% of Italy’s land was owned by 20% of its residents.
The Pareto Principle centres on the belief that outcomes are not evenly distributed. Equal inputs do not lead to equal outputs. His original insight has become a placeholder for lopsided returns — good and bad.
A century later, and in a vastly different world, Pareto’s revelation holds true.
The second most bullet holes / square foot is in the fuselage at 1.73.
This was the information given to Abraham Wald in 1943.
Wald was working with the Statistical Research Group (SRG) during WWII. The SRG was a collection of prominent statisticians tasked with analysing data to assist in the war effort.
The assignment was to review fighter bomber damage and determine where extra armour could be placed.
Interviews are about having the right answers. Responding confidently to a variety of questions is vital to success.
Clever answers are only part of the hiring equation, however.
Understanding a candidate is not done, solely, from repeating past stories.
It is best captured in how they apply their frameworks and mental models looking forward.
To understand how a recruit may handle new challenges, candidates need to think ahead — which can be assessed with proactive questions.
Regardless of format, most interviews end by asking the candidate if they have any questions about the role, department, or company.
Many candidate fail…
Curious about product management, startups, & VC. Could be wrong, often am.