210 karma · joined June 8, 2016
Drop me a line - bspiering@gmail.com
I saw right away that it would take years to build up a two-sided marketplace, and we did not have enough money for that runway. I created a skunk works that did product-based consulting. That generated meaningful cash flow but was not respected as strategic by the board.
The company became a zombie for a long time. In the end, it was forced to be acquired to make the initial VC money whole.
My advice is to build fast to get to a critical level. Then be prepared to drip-feed it for a long time to see if it becomes self-sustaining.
The local climbing community chose to take care of this quietly without media or internet drama.
One of the best things I have done is sign up for DMAchoice and optoutprescreen.com which has completely stopped junk mail for me.
I try to temper my tendency to believe the Halo effect with Warren Buffett's notion of the Circle of Competence; there is often a very narrow domain where any person can be significantly knowledgeable.
“Hurdling trenches, crawling over shell craters, and walking through forests unhalted by intense gunfire, the tanks cannot be stopped by anything less than a direct hit from shells of considerable caliber,” reports The Ogden Standard of October 21, 1916, 4 p.m. City Edition https://guides.loc.gov/chronicling-america-wwi-tanks
They are organized by category with a focus on fundamentals.
1. Workout journal - I write down want I did and what was the effect. Often trends physical trends emerge after weeks, months, or years.
2. Summary of the day journal - Whenever I can, I write a short summary of the day/week. I look back to help my memory.
3. Problem journal - If I have a specific, important problem, I dump everything into a single spot. It reduces rumination, slows down my thought process, provides perspective by seeing it externally, and often solutions organically emerge.
Many students would turn in low-quality work to get feedback, then make very minor incremental changes. This process would be repeated many times. The result was a higher than typical grading load for the instructor (sometimes it felt like I was spending more time on the assignment than the student).
Students would wait until the end to complete the work. The result was students spread out through the content. As an instructor, you could not expect students to know the fundamentals necessary for more advanced material later in the term. The procrastinating students then would expect a lot of rapid feedback at the end of the term. Again, increasing the grading load.