Growth5 Blog

Thursday, September 29, 2011

4 Lessons Learned

Chris Dixon was asked to speak at Google's Zeitgeist Conference, here are the four things he shared:
1. If you aren’t getting rejected on a daily basis, your goals aren’t ambitious enough
"One of the great things about looking for a job is that your payoff is almost entirely a max function – the best of all outcomes – not an average. This is also generally true for lots of activities startups do: raising money, creating partnerships, hiring, marketing and so on.
2. Don’t climb the wrong hill
"The lesson from computer science is: meander some in your walk (especially early on), randomly drop yourself into new parts of the terrain, and when you find the highest hill, don’t waste any more time on the current hill no matter how much better the next step up might appear."
3. The next big thing will start out looking like a toy
"This is one of the main insights of Clay Christensen’s “disruptive technology” theory, which has been widely studied but I think is still rarely applied because it is so counter-intuitive to conventional management practices."
4. Predicting the future of the Internet is easy: anything it hasn’t yet dramatically transformed, it will.
"I personally encounter this bias all the time when I go to college campuses to recruit for startups. We need to convince the upcoming generation to innovate and take risks in sectors that have a direct impact on the quality of peoples’ lives."


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