My First Million

The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket - Jason Fried

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Mar 20, 2024
Guest
Jason Fried
In this engaging discussion, Jason Fried, the founder of 37signals and Basecamp, shares his unconventional business philosophy focused on self-funding and employee well-being. He introduces his 6-Week Sprint playbook, emphasizing adaptability over strict goals. Jason reflects on having Jeff Bezos as an investor and critiques the traditional subscription model in favor of user ownership. He also explores innovative product design and cautious investment strategies, inviting listeners to rethink success and financial risks in business.
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ADVICE

Anti-Long Planning

  • Focus on doing what you currently think is best, not what you thought in the past.
  • Avoid long-term planning because it's based on outdated thinking.
INSIGHT

Goal Setting

  • Set goals for your future self, not your current self.
  • The only goal at 37signals is annual profitability.
ADVICE

High-Margin Business

  • Maintain low costs, a large customer base, and high revenue for a comfortable business.
  • Don't obsess over minor points; focus on the overall aesthetic of a high-margin business.
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