Using a Quit Criteria to Advance Your Ultimate Goal

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Stuart Butterfield who founded Slack also founded Flickr. He launched a game called Glitch and Glitch got really popular, but it was very niche. So he shut it down because he made an expected value calculation. When you're making these decisions to quit, like you'd be like, make it, make a calculation at this point. If I continue, what is my choice continuing down this path? What is the value of that? Right?

The NIA boys discuss the power of quitting, the Visualize Value origin story, the law of compounding, and decision-making frameworks.

Timestamps:

(00:00:00) - Intro
(00:00:36) - Checks Update
(00:03:30) - Meme of the Week
(00:06:06) - Teasing Grit vs Quit
(00:07:02) - Jack’s Water Filter Story
(00:12:31) - This is Pointless Breakdown and The Power of Compounding
(00:28:28) - Visualize Value Origin Story
(00:34:24) - Trung on why he quit pursuing screenwriting
(00:44:05) - Knowing When to Walkaway
(00:49:11) - The Kill Criteria
(00:54:26) - The Monkey and the Pedestal Framework
(00:59:54) - Slack’s Iconic Pivot Story
(01:03:40) - Bilal shares why he shutdown Arsenal Blog
(01:06:26) - Jack’s explains his decision to kill his Podcast Production Agency
(01:12:13) - What F**k You Money really is
(01:12:45) - Trung’s Scotia Bank Story
(01:15:01) - The Influence of Social Capital

What Is Not Investment Advice? Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.

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