Understanding Chesterton’s Fence: Don’t Change What You Don’t Understand
In 1985, McDonald’s decided to make a bold move – they introduced a new burger (🍔) in brand new packaging. They believed the new…
Second-Order Thinking: The Importance of Considering Ripple Effects
In 1960, a small hygiene campaign started by the Chinese government ended up contributing to the Great Chinese Famine that killed millions of people.…
Diderot Effect: How IKEA Encourages You to Buy More
Have you ever walked into IKEA planning to buy just one item and walked out with a cart full? Welcome to the world of…
The Regret Minimization Framework: Jeff Bezos’ Key to Life-Changing Decisions
Ever found yourself at a crossroads, heart pounding, as you ponder over a decision that could redefine your life? Picture this: a young Jeff…
Lessons from Steal Like An Artist by Austin Kleon
This is the book summary for Austin Kleon’s Steal Like An Artist. These are my notes from the Notion database as it is. My…
Lessons from Show Your Work by Austin Kleon
This is the book summary for Austin Kleon’s Show Your Work. These are my notes from the Notion database as it is. 🕐 Book…
The Knowledge Pipeline – How to Create Knowledge, the Smart Way?
Amidst the constant smothering of content, we are a mashup of what we choose to let into our lives. The Knowledge Pipeline helps you…
STRONG OPINIONS, LOOSELY HELD – A FRAMEWORK TO MAKE DECISIONS
You should take the approach that you’re wrong. Your goal is to be less wrong. Elon Musk This quote perfectly sums up the concept…
SMALLEST VIABLE MARKET – GO SMALL OR GO HOME
The smallest viable market is the focus that, ironically and delightfully, leads to your growth. Seth Godin How do you start a business, launch…
HOW TO CREATE NETWORK EFFECTS AND PERSONAL APPLICATIONS | PART 4
We have learned a lot of things about Network Effects. So it’s time to understand how to start creating them. We already know –…
WHY SHOULD YOU NEVER SPLIT THE DIFFERENCE?
We don’t compromise because it’s right; we compromise because it is easy and because it saves face. We compromise in order to say that…
TYPES OF NETWORK EFFECTS AND VALUING FACEBOOK USING THE CONCEPT | PART 3
Facebook is a beast when you consider the business and revenue it generates. But, Facebook also beautifully integrates various types of Network Effects and…
HOW DO YOU VALUE NETWORK EFFECTS AND THE LAWS OF NETWORK VALUATION | PART 2
Why did Facebook pay $19 billion for Whatsapp? Facebook’s valuation of Whatsapp (and it’s Network Effects) must be that high. As discussed in the…