My First Million #119 with Josh Elman - How To Get The Benefits of Entrepreneurship Without Starting a Company
Oct 14, 2020
Josh Elman, a tech veteran from LinkedIn, Twitter, Facebook, and Robinhood, shares his insights on navigating Silicon Valley's growth landscape. He debates whether to start your own venture or ascend the ranks at a startup. Elman discusses emerging technologies with 10x potential, the concept of the 'meta-verse', and how AI will influence our social interactions. He also reflects on the impact of the show Black Mirror and shares personal stories from his early days in the tech world, highlighting the power of intelligent communities.
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Accidental Career Path
- Josh Elman's career path wasn't intentional, but he was drawn to companies with growth potential.
- He aimed for companies where he could significantly impact growth and the world.
Evaluating Growth Potential
- Look for companies with 10x growth potential in users, revenue, or market cap, with a shot at 100x.
- Consider the potential growth over three to four years when evaluating a company.
Facebook's Potential
- When Josh Elman joined Facebook in 2008, it was already valued at $15 billion.
- He believed it could 10x to a $150 billion market cap and become the dominant platform.