This never fails: "Keep working on your creator skills, on your builder skills. Being a great engineer, being a great product manager, becoming a better leader, becoming more consistent, more conscientious, and a better communicator." This is a true north star, thank you!
there is the classic store with brick and mortar let's call it 1.0 in this store, products almost never change and the owner chose the products it is boring now, there must be a new store let's call it 2.0 in this store, products always change and people choose the products there will be via an app on the app, there is a huge catalog, people choose the products that will show up in the store the store is constantly being supplied with the products people choose
I believe you can't become a millionaire by depending on people paying you monthly to become a millionaire but by investing. I'm saying thisbecause of what I have gone through in life and my current life situation .. Becoming rich depends on your determination and hard work.
“History doesn’t repeat, but it rhymes”... love this, it reminds me of jobs-to-be-done theory. The other “trick” that has helped me a lot is be cognizant of “shlep blindness”, another great frame from PG.
6:58 - "work on hard problems, driven mainly by curiosity....taking note of gaps and anomalies" This is both a great insight and encouragement to my otherwise very little progress work on a project. I am trying to unwind something that has become a commodity and provide the values the. creators duly deserved. Thank you.
Not my area of expertise, but I feel like there isn't a shortage of good (and novel) ideas. However, there is a shortage of people who have the knowledge and/or capital to prototype a product and get something into peoples hands. I also think that it is less about the idea and the willingness of the founder to pivot to what the market demands not what they personally find valuable. Would love your thoughts on these two aspects Garry! Love the channel and this video. Comment is not meant to sound dissenting, hoping to just start a dialogue!
Not so true when comes to potentially billion dollar ideas. When you go up in moneyland, there is absolutely no shortage of people with capital, expertise and talent. However a billion dollar idea is a rarity and quality ideas only come once in awhile. If youre simply talking about the average everyday startups, then yeah ideas are not that important compared to other aspects of a business
@@michaelquecera3971 Totally fair. I am definitely coming at this from my own personal experience/ perspective haha. I have absolutely no experience with the process of building Unicorns
"Work on hard problems" - Agree. Everyone wants an easy solution. No one wants to bother with math or science. When you work on hard problems, you'll get 10x less competition. Simply because people are lazy and math is scary for most people. Come up with an uncommon idea and you'll succeed. Something that is not travel or cryptocurrency related, for example, logistics or data analytics. Instant win.
I just clicked on the video, and I got inspired so much and scribed, after 31 years of working in five different big companies and loved what I achieved. Now I am 48 years and got out the corporations, made them a lot of Millions of dollars. and I learned very few things for them. So now I am thinking and planning to be my employer. So I plan to start my business at the beginning of 2022. I will be traveling around the world for the next 12 months, starting December 01, 2020, to find ideas and learning more about what I need to do. Thanks for this video and for sharing your love with all of us. 🙏🏻🙏🏻👌
„History doesn’t repeat, but it rhymes“ - is literally my fav quote from now on! Just think about it for a Second: Every company runs on the same very basic of principles of solving a real problem, finding the right words for what you are trying to say, creating value and so on. Yet, from the outside, it sometimes looks like as if they would have no common ground at all - but the metrics of success were the same in every case. Also thanks for the great content, keep it up Garry! To be honest I have a million startup ideas just in my head, getting new ones all the time - usually about AI, future of human transport/ Infrastructure and educational system, sometimes crazy space stuff. Mostly they feel to big to achieve. If you would take a few mins, I’d pitch you my top three! If not, one day or another we’ll meet at Silicon Valley 🤘 Greets from Berlin!
While I believe there is definitely an X factor involved in building a billion-dollar startup; I think having a vision and a passion to bring the vision to reality is the foundation. Vision allows you to see the whole picture. Passion keeps you going in spite of challenges. Yet another masterclass from Garry. Thanks.
Love your point on experiences. I find it easy to regret all the time I've "wasted" not having started something yet. But who knows where I would be without my past experience. I think all that time has lead me to come up with some great ideas and made me who I am today. No regrets!
Garry, I would recommended adding 1-2 lines showing your credibility/background at the beginning of the video. So many people talk about start up ideas - but most lack the experience you have. The juicy part of the video (and your credibility) didn't come until 3 minutes into the video.
Thanks for the good advice and the share of Paul Graham's article on generating startup ideas. Really helpful! Most people advise others toward specialization and a narrowing of experience. It's refreshing to hear arguments supporting going wide on unique experiences as they will serve you (and others) later in life. I was fortunate to have people in my life encouraging me to choose adventure and experience over specialization in my 20's and early 30's. Many of my friends took the other path and out-earned me in terms of dollars but I was out-earning them in experiences, which have opened up a world of possibilities to me now. No regrets on that. One of my favorite quotes from the Paul Graham article, "Live in the future, then build what's missing." Cheers
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app.
Hey Garry, I rarely ever comment on UA-cam videos but your channel has inspired me a lot over this past week and I wanted to let you know. I appreciate your passion and genuineness, it really shines through! So glad I stumbled across your channel and I’m excited to see what you release in the future.
In that essay, PG also mentions that the best ideas tend to be organic. This means that they naturally pop into the mind of the founder. Usually it's something they need but there is no existing solution yet. The more interviews I watch with founders, the more I see this. It doesn't have to be a native need. It can be a need of a business owner that you interviewed. Doordash started this way. In the essay, it's also written that there is a way to generate ideas by brainstorming. These tend to be bad ideas because they don't usually stem from needs. It's still a good way to dive deep into your past and identify moments you needed something but there was no solution for it.
*Key learning points:* - The greatest ideas seems like toys when they initially start - What makes you unique and weird in this world will be the exact thing that will help you succeed (be orignal and don't try to copy others) - History doesn't repeat but it rhymes, so try not to copy but that didn't mean you shouldn't learn from the past experiences of others - Best meetings for investors are where they actually get to learn something new (heard this advice from many different investors too) - You don't have to be novel - Also the most important, subscribe to Garry ❤️
Been following u for a while now. I really like ur content Garry. Always something crisp and thought-provoking. 💯 I'll definitely go through THE Essay and do some brainstorming. Keep creating.
Tan Sir You Are Just Amazing Yes As An Entrepreneur I'm Facing Alots Of Backlash Hard Time Because We're Solving Actually Real Life Problem But Our Start up Is Too Tiny And Today's Your Video Motivated And Guides Me Alot Thank You.
Loved how you talked about the importance of the diversity of lived experiences in solving new problems. Is it possible for you to create a video about the importance of diversity and give advice to / empower people of underrepresented backgrounds?
It depends on what you want... if it’s making money on the short term, I think they’ll probably be equally successful at it. If it’s impact on the society, especially on the long term, then definitely the excellent idea with avg execution
Excellent idea with average execution = Twitter Mediocre idea with excellent execution = bootstrapped profitable business (note: THIS IS STILL AN AMAZING OUTCOME)
I normally do not write comments on videos but your videos are awesome. Thanks for your time, effort, and great advice! P.S. One day we will meet and work together.
I have a startup idea that I believe will save our environment and resources. But I have been told I shouldn't pursue the idea because don't have an engineering/product background (I am UI/brand designer). I also ran into tons of questions while I was thinking through the product, and it really diminishes my passion for this idea. It is a hard problem. I have been questioning if I am qualified to even try. This video gives me hope again. Thank you so much for such an inspiring video!
I DO have a solid beginning for a innovative start up, so I guess I am headed in the right direction. This video just confirmed it. Thanks Garry this video was for me alone. 👍
Hey Garry. I'm 19 years old from a Pakistani village close to Afghanistan's border. I've been watching your videos since the age of 15. I've come up with an excellent idea that's better, cheaper, faster than its competition. It provides customers with a more convenient and hyper personalized experience. Want your feedback on the idea
Working on my pitch for YC and I didn't expect to tear up listening to this video. Being different is tough, whether getting bullied as a kid, or trying to integrate with society and stay in a career like all my friends. At this same time, this was inspirational, hopefully being different pays off. Thanks Garry.
![[UA] NAVI проти G2 Esports | Blast Premier Fall Final](http://i.ytimg.com/vi/QWlIm4FGESQ/mqdefault.jpg)
I'm just here for my first pin.:)
Done!
@Nosa Iyare Lol yeah, isn't Garry awesome?
@@GarryTan when are you giving a camera out
@@elkano2358 omg is that what I have to do next? I am a big fan of Potato Jet
@@GarryTan *Does moon walk* Awesome content as always. Keep it up.
This never fails: "Keep working on your creator skills, on your builder skills. Being a great engineer, being a great product manager, becoming a better leader, becoming more consistent, more conscientious, and a better communicator."
This is a true north star, thank you!
Every few moons, youtube throws a gem like this on my recommended list.
I am definitely subscribing to this channel.
Thank you for watching!
Wow. To new folks, it's another "subscribing to this channel", but to folks that know Garry off of elsewhere - IT'S GARRY TAN! :D
Coming up with ideas is good but coming up with problem solving ideas which are better faster & cheaper is the goal.
Yes, also the idea is just a multiplier on execution!
Absolutely
there is the classic store with brick and mortar
let's call it 1.0
in this store, products almost never change
and the owner chose the products
it is boring
now, there must be a new store
let's call it 2.0
in this store, products always change
and people choose the products there will be via an app
on the app, there is a huge catalog, people choose the products that will show up in the store
the store is constantly being supplied with the products people choose
I believe you can't become a millionaire by depending on people paying you monthly to become a millionaire but by investing. I'm saying thisbecause of what I have gone through in life and my current life situation .. Becoming rich depends on your determination and hard work.
@@Minuteness1 congratulations sir. Do you mind share your success.
“History doesn’t repeat, but it rhymes”... love this, it reminds me of jobs-to-be-done theory. The other “trick” that has helped me a lot is be cognizant of “shlep blindness”, another great frame from PG.
PG essays are a treasure!
But sometimes it rhymes with the same words.
6:58 - "work on hard problems, driven mainly by curiosity....taking note of gaps and anomalies" This is both a great insight and encouragement to my otherwise very little progress work on a project. I am trying to unwind something that has become a commodity and provide the values the. creators duly deserved. Thank you.
Not my area of expertise, but I feel like there isn't a shortage of good (and novel) ideas. However, there is a shortage of people who have the knowledge and/or capital to prototype a product and get something into peoples hands. I also think that it is less about the idea and the willingness of the founder to pivot to what the market demands not what they personally find valuable. Would love your thoughts on these two aspects Garry! Love the channel and this video. Comment is not meant to sound dissenting, hoping to just start a dialogue!
Ideas are merely a multiplier on execution as Derek Sivers says.
@@GarryTan Love that quote!
Ok where can i find these ideas ?
Not so true when comes to potentially billion dollar ideas. When you go up in moneyland, there is absolutely no shortage of people with capital, expertise and talent. However a billion dollar idea is a rarity and quality ideas only come once in awhile. If youre simply talking about the average everyday startups, then yeah ideas are not that important compared to other aspects of a business
@@michaelquecera3971 Totally fair. I am definitely coming at this from my own personal experience/ perspective haha. I have absolutely no experience with the process of building Unicorns
"Work on hard problems" - Agree. Everyone wants an easy solution. No one wants to bother with math or science. When you work on hard problems, you'll get 10x less competition. Simply because people are lazy and math is scary for most people. Come up with an uncommon idea and you'll succeed. Something that is not travel or cryptocurrency related, for example, logistics or data analytics. Instant win.
yep
Most of the time, that is not something a single person startup can pull off
I just clicked on the video, and I got inspired so much and scribed, after 31 years of working in five different big companies and loved what I achieved. Now I am 48 years and got out the corporations, made them a lot of Millions of dollars. and I learned very few things for them. So now I am thinking and planning to be my employer. So I plan to start my business at the beginning of 2022.
I will be traveling around the world for the next 12 months, starting December 01, 2020, to find ideas and learning more about what I need to do. Thanks for this video and for sharing your love with all of us. 🙏🏻🙏🏻👌
Saved! Will come back and watch this when I face too many rejections and brick wall hits while trying to advance
Fact
An eye opener thank you garry for creating this, can't believe such type of information is free to access.
Thanks! The Internet is awesome.
I think billion dollars startup idea is weird, crazy and seems impossible to executive!
But passionate people never give up, they make it possible.
Love this channel! Can't believe i haven't watched these before
Welcome Nour!
Hello Nour
„History doesn’t repeat, but it rhymes“ - is literally my fav quote from now on! Just think about it for a Second: Every company runs on the same very basic of principles of solving a real problem, finding the right words for what you are trying to say, creating value and so on. Yet, from the outside, it sometimes looks like as if they would have no common ground at all - but the metrics of success were the same in every case.
Also thanks for the great content, keep it up Garry! To be honest I have a million startup ideas just in my head, getting new ones all the time - usually about AI, future of human transport/ Infrastructure and educational system, sometimes crazy space stuff. Mostly they feel to big to achieve. If you would take a few mins, I’d pitch you my top three! If not, one day or another we’ll meet at Silicon Valley 🤘
Greets from Berlin!
That's a super thoughtful comment Philipp, I agree, the history quote is very true, everything rhymes.
While I believe there is definitely an X factor involved in building a billion-dollar startup; I think having a vision and a passion to bring the vision to reality is the foundation. Vision allows you to see the whole picture. Passion keeps you going in spite of challenges. Yet another masterclass from Garry. Thanks.
Love your point on experiences. I find it easy to regret all the time I've "wasted" not having started something yet. But who knows where I would be without my past experience. I think all that time has lead me to come up with some great ideas and made me who I am today. No regrets!
So true!
Garry Tan is amazing. Genuinely nice, giving value out of interest and love for his work as opposed to status. His advice is second to none.
Thanks, Garry. That just felt right.
Thanks for watching!
It’s cool that the advert was placed at the end. It shows that it’s not all about the money.
Haha I don’t even get paid. I’m trying to help our portfolio co.
Thank you for deciding to share your ideas with us!
great way to show quotes with subtle animated backgrounds. nice
Glad you liked it!
Excellent video Garry, the timing of me finding this video was perfect.
Can’t stop listening , wait more content 😀
Thanks for watching!
Condensed learnings & sharp messages, totally makes your videos a great resource on any topic. Thanks again for this video Garry. :)
Thank you for watching! Trying to make it short and sweet and weekly.
Loved this! Especially the last comment about focusing on your skillsets and the world's needs - super inspiring
Your intro is amazing ❤️
Apple ad..
Guys we should all start a discord where we can discuss and connect. Would be epic! Here is the link to our discord!
discord.gg/4xfqdqyH
that is an amazing idea!!
Lets make it Erick. Lets connect on twitter I am at @souvision
Look up Gen Z Mafia!
How about a whatsapp group
Count me in
These are fantastic, thanks Garry!
Thanks Daniel!
Great job Gary... Thank you
Thank you!
Garry always comes through with great content💥💯
Yeah
Haha thanks! Just trying to help weekly.
Another incredible video. Thanks Garry!
Garry, I would recommended adding 1-2 lines showing your credibility/background at the beginning of the video. So many people talk about start up ideas - but most lack the experience you have. The juicy part of the video (and your credibility) didn't come until 3 minutes into the video.
Appreciate that! Thank you
Venture city your recent video on AMAZON ROBOTS was great keep it up waiting for more...
The best video I seen this week. Thank you
Thanks for watching!
Another great video, your ability to hone in on practical advice is so insightful. This video speaks to me and it gives me chills!
Thank you!!
This is the kind of gem you stumble upon that makes you awed about the UA-cam recommendation algorithm. Amazing content Gary.
I have many...business ideas , some will change the world but I don't have capital and the right people , now that's what's hard.
Watch this ua-cam.com/video/r8hhvw-1b-M/v-deo.html
Great content as always. Thanks for bringing them on.
Glad you like them!
Garry your videos are life-changing and am going to be living proof!
Glad to try to help!
Thanks for the good advice and the share of Paul Graham's article on generating startup ideas. Really helpful!
Most people advise others toward specialization and a narrowing of experience. It's refreshing to hear arguments supporting going wide on unique experiences as they will serve you (and others) later in life. I was fortunate to have people in my life encouraging me to choose adventure and experience over specialization in my 20's and early 30's. Many of my friends took the other path and out-earned me in terms of dollars but I was out-earning them in experiences, which have opened up a world of possibilities to me now. No regrets on that.
One of my favorite quotes from the Paul Graham article, "Live in the future, then build what's missing."
Cheers
Love it as always thanks Gary 🙏🏻
The world needs more billion dollar startups and UA-cam needs more UA-cam channels like this. Thanks Garry!
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
Amazing knowledge and content!
Hey Garry, I rarely ever comment on UA-cam videos but your channel has inspired me a lot over this past week and I wanted to let you know. I appreciate your passion and genuineness, it really shines through! So glad I stumbled across your channel and I’m excited to see what you release in the future.
Great video Garry! I like the idea of improving your skills while you keep your eyes open for opportunities
Thanks 👍
Thanks for a good video and content. South Africa.
Thank you!
Gary, this is another great one, as usual! Makes me think about Steven Johnson's "Where good ideas come from".
"becoming a better leader, working on your creator skills" I really like your message at the end.
You made my day Garry, thank you from Monterrey in Mexico. Hope one day be part of YC to see you there:D
Thanks Carlos!
In that essay, PG also mentions that the best ideas tend to be organic. This means that they naturally pop into the mind of the founder. Usually it's something they need but there is no existing solution yet. The more interviews I watch with founders, the more I see this. It doesn't have to be a native need. It can be a need of a business owner that you interviewed. Doordash started this way.
In the essay, it's also written that there is a way to generate ideas by brainstorming. These tend to be bad ideas because they don't usually stem from needs. It's still a good way to dive deep into your past and identify moments you needed something but there was no solution for it.
Shine Bright Always
Thanks your video is to the point ❤
Another awesome video, thanks Mr Garry Tan. Now I am going to read the essay 😁
Excellent!
*Key learning points:*
- The greatest ideas seems like toys when they initially start
- What makes you unique and weird in this world will be the exact thing that will help you succeed (be orignal and don't try to copy others)
- History doesn't repeat but it rhymes, so try not to copy but that didn't mean you shouldn't learn from the past experiences of others
- Best meetings for investors are where they actually get to learn something new (heard this advice from many different investors too)
- You don't have to be novel
- Also the most important, subscribe to Garry ❤️
Amazing Startup Ideas ua-cam.com/video/og4oAYH0euI/v-deo.html
History doesn't repeat, but it rhymes. 🔥🔥🔥🔥
Been following u for a while now. I really like ur content Garry. Always something crisp and thought-provoking. 💯
I'll definitely go through THE Essay and do some brainstorming. Keep creating.
Thank you for your kind note!
Tan Sir You Are Just Amazing Yes As An Entrepreneur I'm Facing Alots Of Backlash Hard Time Because We're Solving Actually Real Life Problem But Our Start up Is Too Tiny And Today's Your Video Motivated And Guides Me Alot Thank You.
You're most welcome
Thanks for creating!
My pleasure!
I dont know how but your videos give me confidence for making a startup ty
short but specific ..Thanks
Glad it helped
Great listen. Appreciated!
awesome content as always!
Thanks Jenny!
Hello Jenny
Your videos are so good and inspiring than it brings tears in my eye. Thank you for your effort. Respect from India.
Investor: “Is it novel?”
Founder: “It’s an ebook”
That's a bad joke..so bad, I laughed.
Thanks for sharing Garry!
One day I hope to meet you Garry! Thank you for your content.
Thanks for watching!
The World Needs More Startups, Good Startups. -Garry Tan
Great video Garry. Love your content so far and look forward to more.
Glad to hear it
Fantastic! Thank you
Thanks Gary, you are so real.
I was so encouraged by this!
First time viewer here - really impressed with the quality of this video. Subscribed!
Best words: 8:18 - 8:34. #thumbsup
Insightful, I'm always anticipating for your videos... 👊👊👊
Loved how you talked about the importance of the diversity of lived experiences in solving new problems. Is it possible for you to create a video about the importance of diversity and give advice to / empower people of underrepresented backgrounds?
Medicore idea with *EXCELLENT execution* or
Excellent idea with *AVERAGE execution* 👇👇
It depends on what you want... if it’s making money on the short term, I think they’ll probably be equally successful at it. If it’s impact on the society, especially on the long term, then definitely the excellent idea with avg execution
Excellent idea with average execution = Twitter
Mediocre idea with excellent execution = bootstrapped profitable business (note: THIS IS STILL AN AMAZING OUTCOME)
@@GarryTan that is true! There’s no losers in those scenarios 🙌🏾
The key word here is Execution!
Such a great, eye-opening video. I've been brainstorming myself on what to create for a while now, and I'm glad I clicked this. Thank you!
Glad it was helpful!
You are amazing. Thanks
I normally do not write comments on videos but your videos are awesome. Thanks for your time, effort, and great advice!
P.S. One day we will meet and work together.
Glad you like them!
Thank you very much for making these videos!
Thanks for watching!
Thanks, Garry, I really appreciate this. I can't wait to have a conversation with you someday.
Wow 44k subs! Channel is popping off! Congrats :)
Thanks! 😃
Eye opening Thanks Garry for this one..
Thank you Slim Squid!
I have a startup idea that I believe will save our environment and resources. But I have been told I shouldn't pursue the idea because don't have an engineering/product background (I am UI/brand designer). I also ran into tons of questions while I was thinking through the product, and it really diminishes my passion for this idea. It is a hard problem. I have been questioning if I am qualified to even try. This video gives me hope again. Thank you so much for such an inspiring video!
You should try to learn enough to be able to hire people and make the first version, and maybe attract a cofounder.
Steve Jobs sounds/is so eloquent.
Hey Garry. This is truly amazing. This is truly the most amazing content. I will definitely revisit these ideas regularly.
Thanks for watching. Don't forget to sub and click the bell.
Loved this video Garry... Thanks for the thoughts and posting it.
Thank you for this. Thank you for raising awareness.
Thanks for watching
I DO have a solid beginning for a innovative start up, so I guess I am headed in the right direction. This video just confirmed it. Thanks Garry this video was for me alone. 👍
yeah.. what's the update?
Ideas can be copied , execution is more important
Yes ideas are just a multiplier on execution, as Derek Sivers says.
That's so useful . Thanks
Incredible video! Thank you!
Good content Gary, liked before watching
Glad you enjoyed it
Obsessed with your content.
Thanks for watching!
Great ideas! Love this!
Thanks, Garry for these amazing pieces of advice.
Thank you peng!
Hello Peng
Great stuff Garry!
Hey Garry. I'm 19 years old from a Pakistani village close to Afghanistan's border. I've been watching your videos since the age of 15. I've come up with an excellent idea that's better, cheaper, faster than its competition. It provides customers with a more convenient and hyper personalized experience. Want your feedback on the idea
Bro, just go for it
Working on my pitch for YC and I didn't expect to tear up listening to this video. Being different is tough, whether getting bullied as a kid, or trying to integrate with society and stay in a career like all my friends. At this same time, this was inspirational, hopefully being different pays off.
Thanks Garry.
Hi Lee. Hope your pitch is going good, just wanted to say don't ever give up and if you ever need a helping hand text me.
Thank You Garryy!! :)))
This Human is Amazing!