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Sachin Kansal is chief product officer at Uber, where he oversees the Rider, Driver, Delivery, Grocery, and New Verticals product lines used for 33 million daily trips worldwide. He's been in product for over 25 years (at Google, Palm, Flywheel, and now Uber). He is known for his “extreme dogfooding” ethos—personally completing almost a thousand Uber driving and delivery trips to sharpen his product insight and user empathy—and his “ship, ship, ship” mantra, which drives rapid iteration across Uber's global teams.What you will learn:1. Dogfooding at scale2. “Ship, ship, ship” as a cultural mantra3. Obsession with inputs over outputs4. Uber's hybrid marketplace vision for autonomy5. How Uber changed its culture to focus on profitability6. What to do when data says “no” but your gut says “yes”7. Career advice: maximize cycles8. AI as a research assistant, not an oracle9. Uber rider etiquette tips—Brought to you by:• Paragon—Ship every SaaS integration your customers want• Stripe—Financial infrastructure to grow your revenue• Coda—The all-in-one collaborative workspace—Where to find Sachin Kansal:• LinkedIn: https://www.linkedin.com/in/sachinkansal/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Sachin's background(05:00) Dogfooding in practice(11:24) Empathy and understanding drivers(20:18) Balancing metrics and user experience(22:04) Operationalizing dogfooding(24:26) Challenges and solutions in dogfooding(29:49) The motto: “ship, ship, ship”(36:37) Product announcements and live demos(40:49) Career advice for product managers(43:51) The evolution of product management with AI(46:55) Collaboration between engineers and product managers(49:36) Uber's vision for self-driving cars(55:59) Uber's path to profitability(01:01:58) Balancing data and gut decisions(01:07:21) AI tools in product management(01:10:14) Failure corner(01:13:48) Lightning round and final thoughts—Referenced:• Uber: https://www.uber.com/• Oracle: https://www.oracle.com/• Snowflake: https://www.snowflake.com/en/• Fivetran: https://go.fivetran.com/• Uber for Business: https://www.uber.com/us/en/business• McDonald's: https://www.mcdonalds.com/• Domino's: https://www.dominos.com• PalmPilot: https://en.wikipedia.org/wiki/PalmPilot• Praveen Neppalli Naga on LinkedIn: https://www.linkedin.com/in/pneppalli/• May Mobility: https://maymobility.com/• Uber strikes deal with May Mobility to deploy ‘thousands' of robotaxis: https://www.theverge.com/news/659563/uber-may-mobility-autonomous-ridehail-partnership• Waymo: https://waymo.com/• WeRide: https://www.weride.ai/• Uber and Avride Announce Autonomous Delivery and Mobility Partnership: https://investor.uber.com/news-events/news/press-release-details/2024/Uber-and-Avride-Announce-Autonomous-Delivery-and-Mobility-Partnership/default.aspx• Dara Khosrowshahi on X: https://x.com/dkhos• Uber Elevate: https://www.uber.com/us/en/elevate/vision/• Uber AV: https://www.uber.com/us/en/autonomous/• Uber Reserve: https://www.uber.com/us/en/ride/how-it-works/reserve/• Uber for teens: https://www.uber.com/us/en/ride/teens/• Flywheel: https://www.flywheel.com/• ChatGPT: https://chatgpt.com/• Gemini: https://gemini.google.com/app• NotebookLM: https://notebooklm.google/• Behind the product: NotebookLM | Raiza Martin (Senior Product Manager, AI @ Google Labs): https://www.lennysnewsletter.com/p/googles-notebooklm-raiza-martin• BlackBerry: https://en.wikipedia.org/wiki/BlackBerry• Peaky Blinders on Netflix: https://www.netflix.com/title/80002479• Deep research: https://openai.com/index/introducing-deep-research/—Recommended books:• Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies: https://www.amazon.com/Blitzscaling-Lightning-Fast-Building-Massively-Companies/dp/1524761419• Nobody Wants to Read Your Sh*t: Why That Is And What You Can Do About It: https://www.amazon.com/Nobody-Wants-Read-Your-Sh-ebook/dp/B01GZ1TJBI• Steve Jobs: https://www.amazon.com/Steve-Jobs-Walter-Isaacson/dp/1451648537• Elon Musk: https://www.amazon.com/Elon-Musk-Walter-Isaacson/dp/1982181281• The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers―Straight Talk on the Challenges of Entrepreneurship: https://www.amazon.com/Hard-Thing-About-Things-Building/dp/0062273205—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.lennysnewsletter.com/subscribe
Despite having a strong product idea, Reid Hoffman's first startup collapsed, forcing him to return investors' capital. This tough experience reshaped his approach to entrepreneurship. By embracing failure, iterating quickly, and adapting relentlessly, he went on to become a leader at PayPal and later, the co-founder of LinkedIn. In this episode, Reid shares the concept of blitzscaling, which prioritizes speed over perfection, smart strategies for taking risks, and insights on achieving rapid market dominance. In this episode, Hala and Reid will discuss: (00:00) Introduction (01:32) Building Impact-Driven Businesses (02:56) Why We Need More Entrepreneurs (04:31) The Vision Behind LinkedIn's Success (06:43) Lessons from a Failed Startup (09:26) Making Quick, Intense Decisions at PayPal (12:39) Blitzscaling: Prioritizing Speed Over Efficiency (18:10) Maintaining Company Culture While Scaling (21:20) The Power of Early Market Dominance (25:01) The Five Stages of Company Growth (28:54) Strategies for Taking Intelligent Risks (31:44) Why Product Perfection Delays Success (33:25) Pivoting Early to Seize New Opportunities (36:18) Entrepreneurship as a Team Sport Reid Hoffman is an entrepreneur, investor, partner at Greylock, and co-founder of LinkedIn and Inflection AI. He was an executive at PayPal and a founding investor in several companies, including OpenAI. Reid actively supports various non-profits and has received numerous accolades, including an honorary CBE from the Queen of England and the Salute to Greatness Award from the Martin Luther King Jr. Center for his philanthropic efforts. Connect with Reid: Website: reidhoffman.org/ LinkedIn: linkedin.com/in/reidhoffman/ Twitter: x.com/reidhoffman Instagram: instagram.com/reidhoffman/ YouTube: youtube.com/@reidhoffman Sponsored By: OpenPhone - Get 20% off 6 months at openphone.com/PROFITING Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Resources Mentioned: Reid's Book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies: amzn.to/4jnQkfQ More About Young and Profiting Download Transcripts - youngandprofiting.com/episodes-new Get Sponsorship Deals - youngandprofiting.com/deals Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Twitter - twitter.com/yapwithhala Learn more about YAP Media's Services - yapmedia.com
If you're looking for a new role, or you're responsible for Recruitment in the organisation you work for, this episode of HR Coffee Time is here to help. You'll get to hear from Tansel Omer, the CEO and Founder of a new Recruitment platform - Presentus. Tansel joins Career Coach, Fay Wallis on the show to talk through how Presentus is a unique solution to your recruitment challenges.Key Resources Mentioned in This EpisodeThe special HR Coffee Time link to visit the Presentus website and register as a candidate (if you're looking for a new role).The special HR Coffee Time link to visit the Presentus website to learn more and register as an organisation (if you're interested in using Presentus to fill your vacancy/vacancies).Connect With Fay & TanselConnect with Fay on LinkedInConnect with Tansel on LinkedInFay's website: Bright Sky Career CoachingTansel's Book Recommendations(Disclosure: these book links are affiliate links, which means Fay will receive a small commission from Amazon if you make a purchase through it).Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies, by Reid Hoffman & Chris YehThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, by Eric RiesRate and Review the PodcastIf you found this episode of HR Coffee Time helpful, please can you rate and review it on Apple Podcasts or Spotify? If you're kind enough to leave a review, please do let Fay know so she can say thank you. You can always reach her at: fay@brightskycareercoaching.co.uk. Enjoyed This Episode? Don't Miss the Next One!Be notified each time a new episode of HR Coffee Time is released and get access to other free career tips, tools and resources, by signing up to receive the free weekly HR Coffee Time email.How Fay & Bright Sky Career Coaching Can Help YouIf you've been enjoying the podcast & would like some support from Fay or her colleagues at Bright Sky, they can help you through:1:1 coaching to overcome your career challengesGroup coaching – build your confidence, credibility & influence in 6 weeks through Fay's signature programme, Inspiring HRInterview coaching to succeed in your next...
In this week of Digible Dudes, David and Reid chat about some major changes that have happened in the company, how they are adapting, some interesting books about building a company, along with an insight on what is on the horizon for Digible's growth and future. Starting the conversation, David and Reid share how Digible focused on hitting profitability this year and interesting movements they had on the client's side also. David shares his attitude about Fiona Calls; saying that it plays a huge part in the company's future. They dive into Digible's 30% growth in the past six months, the incremental hiring, and the challenges of navigating rapid growth. David then talks about a couple of employee turnovers in Digible saying that the next phase of the career is important to people and it's understandable in their perspective to seek new opportunities out there. Reid and David then moved on to talk about the five stages of the decline of a business from the book, "How the Mighty Fall: And Why Some Companies Never Give in" by Jim Collins reveals that by starting to think about how a company falls, you can identify what to do and what not to do and also what stage your business is at currently. David mentions a book by Simon Sinek called "The Infinite Game" and shares that according to the book, doing a business is an infinite game; there are no winners or losers. He explains the importance of focusing on short-term wins instead of long-term wins by illustrating a great example between Apple versus Microsoft based on the book. Entering the final phase of the conversation, David and Reid share what they are most concerned about at the company and also they share that they do not only consider profitability or growth but the balance between them. [05.06] Profitability- David and Reid share how Digible focused on hitting profitability but stayed on track this year. [08.01] Fiona Calls- The software logs and monitors your calls using artificial intelligence, giving you insights into your most beneficial client interactions. [13.51] Growth- 30% growth just in six months and how Digible is adapting to the situation. [16.21] Employee Turnover- The act of replacing an existing employee with a new employee. [16.21] Blitzscaling: The Lightning‑Fast Path to Building Massively- A book by Chris Yeh and Reid Hoffman about the science of rapidly building out a company to serve a global market. [23.35] How the Mighty Fall- A book by Jim Collins about the five stages of the decline of a business. [27.37] The Infinite Game- A book by Simon Sinek revealing a bold framework for leadership in the present changing world. [37.28] Hiring- David shares hiring and investment as his main concerns for the company. [39.29] Fair Housing- Reid shares Fair housing as his major concern for the company because it is becoming more and more real with a large number of properties. [42.10] The Balance- David and Reid talk about balancing both the profitability and growth in Digible.
ร้บชมทาง YouTube ท่ามกลางความผันผวนของเศรษฐกิจโลก ธุรกิจเริ่มชะลอตัวลงและระมัดระวังมากขึ้น หลายคนจึงตั้งคำถามว่า Blitzscaling แนวคิดที่เน้นโตอย่างรวดเร็วเพื่อเป็นเจ้าตลาด ยังเป็นคำตอบที่ใช่อยู่หรือไม่ในโลกที่เปลี่ยนแปลงแทบทุกเสี้ยววินาที เคน นครินทร์ พูดคุยกับ คริส เยห์ ผู้ร่วมเขียนหนังสือ Best Seller ชื่อดัง Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies ถึงกลยุทธ์ ความสำคัญ และความเสี่ยงของแนวคิดโตไวแบบสายฟ้าฟาด และมุมมองต่ออนาคตของอุตสาหกรรมเทคโนโลยี ว่าโลกกำลังมุ่งไปในทิศทางใด
In today's episode, Jim and Tyson chat with one another about the need for speed. They dive into the journey of how fast things are moving these days. If you've been looking for a way to speed up things in your firm, check out this episode.2:47 mastermind prompt5:24 automated contract9:16 lawsuits13:51 speed and processes17:14 the opposition21:42 doing the essential tasks25:05 that's how you winJim's Hack: Check out the book, Blitzscaling: The Lightning-Fast Path to Building Massivelyit's all about moving fast. Tyson's Tip: Joey Vitale offers Trademarks for entrepreneurs; they are his jam! If you have something you need to be trademarked, check out his website.Watch the podcast here.Join the Guild: www.maxlawguild.comMaxLawCon tickets are on sale now! Grab your ticket today at www.MaxLawCon2022.com
Topics: Managing poor performance PIPs (Performance Improvement Plans) Firing - Letting go. Layoffs Show Notes: The five keys to a successful Google team (Psychological safety): https://rework.withgoogle.com/blog/five-keys-to-a-successful-google-team/ Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies: https://www.amazon.com/dp/B0791239V7/
Chris Yeh is an entrepreneur, investor and author of several books, including two with the founder of LinkedIn, Reid Hoffman, the most recent of which is called "Blitzscaling." Today we cover the fascinating topic of blitzscaling - how to scale a business in record time, how to take advantage of significant market opportunities that are in front of you, how to focus on distribution, and leverage network effects. Whether you're a founder, a CEO, an investor in early stage companies, a developer, or leading a business unit or a function in a large organisation which might be at risk of going ex-growth, you'll learn valuable lessons from a lifelong learner such as Chris Yeh. What is Covered: - The definition of blitzscaling: prioritising speed over efficiency in the environment of uncertainty - What kind of companies can blitzscale and in what kind of markets - Key growth factors and key growth limiters in blitzscaling - The counterintuitive rules of blitzscaling and what kind of CEO it requires - Examples of the companies which successfully blitzscaled Key Learnings and Takeaways: - A company would decide to blitzscale if it is facing a winner take most market that could be worth billions or trillions of dollars, and the company's objective should be to win that market. - In blitzscaling, product market fit is necessary but insufficient; necessary, because without product market fit, you can't have sustainable success, but insufficient, because other things like the winner take most market and the distribution are ultimately more important. - The reason to raise the money is not to spend it, but to give you that ability to adapt, and then ultimately to move faster when the time comes. - The main danger for entrepreneurs is getting caught up in a local market that is not large enough to give them a stable position within the overall global economy. Links and Resources Mentioned in This Episode: - “Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies” by Reid Hoffman and Chris Yeh https://www.blitzscaling.com/ - “The Alliance: Managing Talent in the Networked Age” by Reid Hoffman, Ben Casnocha and Chris Yeh https://www.amazon.com/Alliance-Managing-Talent-Networked-Age/dp/1625275773 - “The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses” by Eric Ries https://www.amazon.com/The-Lean-Startup-Eric-Ries-audiobook/dp/B005MM7HY8/ - Blitzscaling Ventures https://www.blitzscalingvc.com/ - Blitzscaling Academy https://www.blitzscalingacademy.com/ - Chris Yeh Podcast https://anchor.fm/chris-yeh-podcast - Chris Yeh Website https://chrisyeh.com/ - Greylock Partners https://greylock.com/ - Greymatter Podcast https://podcasts.apple.com/us/podcast/greymatter/id1089013200 - Sahar Hashemi OBE: Anyone Can Do It - Sahar's Remarkable Entrepreneurial Journey on OutsideVoices https://outsidelens.com/anyone-can-do-it-sahars-remarkable-entrepreneurial-journey/ - Safi Bachall: Loonshots - Innovation Through the Lens of a Physicist on OutsideVoices https://outsidelens.com/safi-bachall-loonshots-innovation-though-the-lens-of-a-physicist/ Connect with Mark Bidwell: - LinkedIn https://www.linkedin.com/in/markbidwell/ - Twitter https://twitter.com/markehb
Conventional wisdom is that you should get a physical exam every year with your doctor. Should you really? This episode begins by exploring who should and maybe who should not get an annual check-up and why. http://www.shape.com/lifestyle/mind-and-body/theres-no-evidence-you-need-annual-physical-exam-say-doctors Your unconscious mind affects your thoughts and behaviors in ways you can’t imagine - because that part of your mind is unconscious. That is the message from John Bargh, Yale professor of psychology and author of the book Before You Know It: The Unconscious Reasons We Do What We Do (https://amzn.to/2JLKN2b). For example, feeling physically warm actually makes you more socially warm; feeling fear makes you think more politically conservative – it really is fascinating. Listen as professor Bargh takes you on a tour of your unconscious mind. Kitchens get messy from lingering cooking smells to fruit flies and a million other things. Listen as I reveal some great ways to solve common kitchen problems you probably haven’t heard before. http://food52.com/blog/14173-7-kitchen-cleaning-tricks-that-really-work How did Facebook, Amazon, Google and other big companies get so big so fast? The answer is “blitzscaling.” It is a recent phenomenon in business that was named and identified by LinkedIn founder Reid Hoffman and entrepreneur Chris Yeh in their new book Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies (https://amzn.to/2D4HW33). Chris Yeh joins me to explain how blitzscaling works and others in business can use the same principles. PLEASE SUPPORT OUR SPONSORS! We really enjoy The Jordan Harbinger Show and we think you will as well! There’s just SO much here. Check out https://jordanharbinger.com/start for some episode recommendations, OR search for The Jordan Harbinger Show on Apple Podcasts, Spotify or wherever you listen to podcasts. With Grove, making the switch to natural products has never been easier! Go to https://grove.co/SOMETHING and choose a free gift with your 1st order of $30 or more! Discover matches all the cash back you earn on your credit card at the end of your first year automatically and is accepted at 99% of places in the U.S. that take credit cards! Learn more at https://discover.com/yes Over the last 6 years, donations made at Walgreens in support of Red Nose Day have helped positively impact over 25 million kids. You can join in helping to change the lives of kids facing poverty. To help Walgreens support even more kids, donate today at checkout or at https://Walgreens.com/RedNoseDay. Download Best Fiends FREE today on the Apple App Store or Google Play. https://bestfiends.com https://www.geico.com Bundle your policies and save! It's Geico easy! If the signals are on, the train is on its way. And you...just need to remember one thing...Stop. Trains can’t! Paid for by NHTSA Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, writer, investor and entrepreneur Chris Yeh talks about Blitzscaling: The Lightning Fast Path to Building Massively Valuable Companies, a book he wrote with Linkedin CEO Reid Hoffman, which explains how companies like Amazon, AirBNB, and Uber use a very specific set of offensive, competitive strategies that prioritize speed over profitability to achieve… The post Blitzscaling, Bigotry, and Bezos with Chris Yeh appeared first on Eric Schwartzman.
Chris Yeh is the Co-founder of the Global Scaling Academy which teaches individuals and organizations how to plan for and execute hyper growth in their business. He is also the co-founder of Blitzscaling Ventures which invests in the world's fastest growing startups. He has founded, advised, and invested in over 100 high tech startups since 1995, including nine-figure companies like Ustream and UserTesting. Chris also co-authored the books Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies which he wrote with Reid Hoffman, and the New York Bestseller, The Alliance: Managing Talent in the Networked Age which he wrote with Ben Casnocha and Reid Hoffman. He has degrees from Stanford University with distinction and an MBA from Harvard Business School. In this episode of the Smart Business Revolution Podcast, John Corcoran interviews Chris Yeh, the Co-founder of the Global Scaling Academy, about building key relationships and scaling a business during a pandemic. Chris also shares his experience studying at Stanford and the relationships he built there, how he met and got to co-author a book with Reid Hoffman, and what they do at Global Scaling Academy. The post Chris Yeh | Blitzscaling, Scaling in a Pandemic, and How to Friend a Billionaire appeared first on Smart Business Revolution.
Chris Yeh is the Co-founder of the Global Scaling Academy which teaches individuals and organizations how to plan for and execute hyper growth in their business. He is also the co-founder of Blitzscaling Ventures which invests in the world's fastest growing startups. He has founded, advised, and invested in over 100 high tech startups since 1995, including nine-figure companies like Ustream and UserTesting. Chris also co-authored the books Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies which he wrote with Reid Hoffman, and the New York Bestseller, The Alliance: Managing Talent in the Networked Age which he wrote with Ben Casnocha and Reid Hoffman. He has degrees from Stanford University with distinction and an MBA from Harvard Business School. In this episode of the Smart Business Revolution Podcast, John Corcoran interviews Chris Yeh, the Co-founder of the Global Scaling Academy, about building key relationships and scaling a business during a pandemic. Chris also shares his experience studying at Stanford and the relationships he built there, how he met and got to co-author a book with Reid Hoffman, and what they do at Global Scaling Academy. The post Chris Yeh | Blitzscaling, Scaling in a Pandemic, and How to Friend a Billionaire appeared first on Smart Business Revolution.
Real estate investors are always looking for ways to increase their rents and improve their cash flow on their multifamily properties (and single-family rentals, too). But what’s left to optimize and/or add value after the hard services, the flooring, paint, and common areas are already outfitted? My guest, Jim Monk, not only found this overlooked amenity but has built a business around it! As any good real estate investor knows, maximizing space and providing amenities will strengthen tenant occupancy, as well as give you the ability to charge higher rents. One area that some overlook is the closet. Yes, the closet! After 20 years in the multifamily renovation space, Jim Monk saw a massive opportunity in which the closet was being dramatically undervalued. The multifamily closet has not changed in the last 50 years. For decades, the closet was a bland, uninspired space that was functional (at best). Thanks to poor, haphazard construction, most closets offered less than 42% of their potential storage capacity. Over the past two decades, consumer demographics have shifted dramatically. Millennial and baby boomer renters today are not satisfied with a place to live; they want a unique residential experience enhanced by resort-style amenities (this is becoming increasingly important to renters since COVID). They seek attention to detail that promotes an exceptional quality of life. They want to know they’ll have enough space for their stuff without renting storage or living in a cluttered, claustrophobic environment. On today’s episode, Jim will talk about how you can increase your rents 2% to 5% per unit, which is a healthy increase, even if you have a smaller portfolio. For those renting out single-family homes, this episode will show you how and why optimizing your closets will increase your NOI. Key Takeaways From a financial services career to creating Clozzits How Jim started his company Increasing multifamily NOI with closet upgrades In this ultra-competitive real estate environment finding an edge to maximize the rent and the NOI is crucial and can separate you from your competition How Jim is attacking the 95% of existing multifamily inventory Listening to the marketplace enabled him to make the strongest product play How Clozzits drive the cost down for their products How companies are adopting Clozzits to increase their NOI How they work with property owners and the numbers behind it. The difference in working with A-Class and B-Class properties B class property owners are looking for something additional that will allow them to differentiate themselves from other properties What real estate markets are doing well right now How much space can be optimized with Clozzits vs. other systems Utilizing cost segregation If you’re able to add another line item to your cost segregation schedule, adding bonus depreciation for the closet space is a brilliant strategy. Working with student housing, senior housing, and condo property owners Why the competition is calling him The beginning stages of building his company and how they had to pivot for profit What Jim Would Tell His Younger Self: Focus on finance more. Start saving now and be creative on how you do it. What His Biggest Risk Taught Him: It’s important to know and listen to your team. Jim's Book Recommendations: https://www.amazon.com/Blitzscaling-Lightning-Fast-Building-Massively-Companies/dp/1524761419/ref=sr_1_2?dchild=1&keywords=blitzscaling&qid=1606073683&sr=8-2 (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies ) (Reid Hoffman and Chris Yeh) Contact Jim: Social Handle: @jimmonk https://clozzits.com/ (Clozzits)
I talk this episode with Jabez Lebret, entrepreneur and new CEO of Applejax. https://www.applejax.com Jabez has started and runs multiple companies from video production to branding to education. Jabez shares his proudest moment in his entrepreneurial journey to date, a story about a trunk, and his favorite business books. Jabez’s all-time favorite business book is Influence: The Psychology of Persuasion by Robert Cialdini which explains how people make decisions. He finds this applies in all interactions and relationships at work, at home, and in your personal life. Quite a foundational read! And he just finished Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies by Reid Hoffman & Chris Yeh about how to build “bajillion dollar companies”. Watch for Jabez’s insights. I hope you enjoy my conversation with Jabez.
Summary: Bob Hutchins, Brad Ayres, and Ken Ott are talking about how to innovate, grow and serve fast-growing clients in an agency world that is both ever-changing and also static. Hyper-growth is idealized, but the truth is scale isn’t always good. You need healthy scale. How do you help businesses see the forest through the trees? How do you inspire some to think bigger? How do you get clients who are moving too fast to slow down and pay attention to what will create healthy growth? There is a delicate balance to establishing a strong, influential role with a client, regardless of the type of business they are in. Resources Mentioned: Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://www.anthemrepublic.com/- Brad’s Ad Agency https://metacake.com/- Ken’s Ecommerce Agency Metacake’s Ecommerce Growth YouTube Channel Top 3 Curtain Pulls in this episode: Serving fast-moving, viral clients means providing advice and guidance for them, creating an alignment with their leadership and encouraging healthy scale and growth from an “advisor” role. This takes slowing down and creating systems and processes, which takes experience. When serving older, larger clients it is important to focus on innovating and making sure they understand that innovation is a requirement for growth. Growth in your agency means those same things: innovation, systems, and processes. About The Guys: Bob Hutchins: Founder of BuzzPlant, a digital agency that he ran from from 2000 -2017. He is also the author of 3 books. More on Bob: Bob on LinkedIn twitter.com/BobHutchins instagram.com/bwhutchins Bob on Facebook Brad Ayres: Founder of Anthem Republic, an award-winning ad agency. Brad’s knowledge has led some of the biggest brands in the world. Originally from Detroit, Brad is an OG in the ad agency world and has the wisdom and scars to prove it. Currently that knowledge is being applied to his boutique agency. More on Brad: Brad on LinkedIn Anthem Republic twitter.com/bradayres instagram.com/therealbradayres facebook.com/Bradayres Ken Ott: Co-Founder and Chief Growth Rebel of Metacake, an Ecommerce Growth Team for some of the world’s most influential brands with a mission to Grow Brands That Matter. Ken is also an author, speaker, and was nominated for an Emmy for his acting on the Metacake Youtube Channel (not really). More on Ken: Ken on LinkedIn Metacake - An Ecommerce Growth Team Growth Rebel TV twitter.com/iamKenOtt instagram.com/iamKenOtt facebook.com/iamKenOtt Show Notes: [1:26] Bob asks: "There's this new business model of failing fast and scaling quick and getting stuff out. It seems like the fastest wins. What does that mean for agencies who try to lead that charge?" [1:56] Brad: “we do have clients that are over a hundred years old… they built such a strong legacy, but they can’t move as fast as they need to.” Technology makes it hard for larger, older companies to keep up and pivot appropriately. [2:49] “So they’re looking at acquiring companies who could scale faster.” [3:17] “We can talk more about how, as an agency, how you can prepare your infrastructure, and your processes to move that quickly and to understand that things pivot. And sometimes that’s really hard.” [3:39] Bob asks Ken: How have quick pivots and “failing fast” impacted Metacake and their clients? [4:05] Ken: “We preach innovation to our clients because ultimately, that is something that is never urgent and always important.... Innovation needs to happen whether you’re a big company or a small company.” “As an agency, you have to innovate and innovate quickly, and maybe even in the agency world more so than some of your clients because you’re in a world that is typically stagnant. There’s not a lot of innovation happening in that world.” [5:34] Ken: “Just because other people are doing it [innovating] doesn’t mean you should be doing it NOW, but you should be doing it, you just have to figure out when.” [6:46] “Just like people have personalities, agencies and businesses have personalities. Knowing what your strength is is important.” “Are you good at coming behind a founder of a company that has a really giant vision and you’re really good at helping them get there?” [7:30] Brad: “We have companies that we lead, and companies that we serve. The fear with companies that we serve is that we become a commodity… if we’re not leading and innovating they won’t work with us… and sometimes they’re just not a good fit. [8:45] “Even those companies that don’t give you a seat at the table… maybe you can still add table value by indirectly giving them suggestions and helping them to ‘see the beach’.” [9:05] Ken: “Even in a role of service… the way you avoid becoming a commodity is by being a really great advisor to them… We work with viral entrepreneurs as well as global brands. With those global brands they need to be led with innovation, with those viral entrepreneurs we want to advise wisely.” [10:13] Brad speaks on having a strong understanding of your client and being aligned with them and an extension of their leadership. [12:10] “How as an agency do you follow the culture of a client when they are averse to pivoting, change?” [12:45] Ken “Even an industry that your agency doesn't have experience in, the reason that you’re brought on it because you do have a speciality in some other area… if you don’t have that, maybe you shouldn’t be there… but you should be able to use your specialty to push that innovation.” [13:27] Bob: “I think a good agency… gets over those humps is with data.” This day and age allows instant results and data that you can lead with. And if a decision maker chooses to not respect the data, there’s not much else you can do. [14:30] Ken: “that implies that you’re investing in acquiring data… could mean getting experience outside of client work. Being in eCommerce, we have several product companies that we run the stores of and so we can learn from them.” If you’re only always working in your speciality for someone else and don’t do things that let you test, then you don’t have that data to present that gives you an edge. [15:56] Brad: “You’ve got to be open to agile testing…. You've got to be able to think outside of the box and [28:00] Brad: “... one of our clients… only works his business plan 3 months out. That’s it. And what he told me is that he’s going to pivot if he has to… either you’re with him and you are running right beside that pivot, or you’re going to get left behind.” [29:05] “In this case, this individual knows exactly where his business is going… and how does an agency support somebody like him that is running that fast?” [30:15] Brad: “Some clients want to make money TODAY, and some… care about their market share and they want to be leaders in their market… they’ll have a technology that noone else has.” [30:40] Bob: “How do you get your staff to see and to develop that mindset [of quick pivots and change] when they might be people who are creatives or they’re perfectionsists… that you need to function well.” [31:45] Ken: “In this type of example where companies are moving fast and you as a founder may not even realize what their full vision is.” In this case, when this is happening and they start failing fast, that can burn your team out. It de-motivates them. So your job as the leader is to become the thermostat- regardless of how hot it gets on the outside, inside the temperature is all the same. [34:50] Brad: “For us, #1, I think constantly talking about business practices with your team...allows them to go Okay there’s multiple ways to get a business off the ground.” And #2, “If something does pivot where three months of your employees work goes out the door, it’s still being aware that for us, that’s still a win. Maybe not for the client, but for us, it’s a win. “Showing them that our client now has made a jump and that somehow we were a part of that is always beneficial because that that work isn’t for nothing. That’s companies being successful.” [36:00] So even if we do pivot, it’s all about communicating… that our goal is not just to serve a customer, it’s to see that customer’s objective met and their business objective met… trying to bring value to that leadership and have a seat at that table.” [37:00] Bob asks: What do you guys feel like the value is for Agencies moving forward in the near future, in the next five years, 10 years? Because I think what we’re talking about is everybody's moving at the speed of light. [37:43] Ken: “I think it’s experience and driving results… if you look at the trajectory, you’ve got agencies that were hired in to do everything and they were responsible for figuring out how to do this thing. Everything from strategy to implementation.” Bringing those things in-house is becoming a better and better option for companies. “I think that if your strategy is purely implementation then your value is going to be challenged… the biggest benefit to having an outside agency is experience that you don’t have as a company.” “The thing that no one else can rip off is your experience… so if that is valuable to somebody, that is the biggest barrier to entry.” [41:00] Brad: “For us, learning to balance the bent towards perfectionism is a challenge… we want really high-end success and I think that’s why we’ve kept a lot of clients.” But balancing the slow down that perfectionism brings with the speed necessary for quick pivots is the biggest challenge we try to manage. [42:50] Bob reflects: “In the past, it was a liability (putting out a less-than-perfect product)... so now if you release something that is a little bit imperfect just to get it out there, you have more room to improve and shift the focus later on.” The guys talk about the new Tesla truck and Elon Musk’s presentation. The idea of him testing the glass and it breaking during the presentation actually shows that he is human and that his ideas aren’t perfect. Everyone is aware of this, but he gets a pass because that is the standard he has set for himself. Quick but imperfect delivery. Companies like Apple do not get a pass like this because they have already set the standards so high for themselves. They have a glitch during a presentation and suddenly it’s “Apple’s going downhill, they’re gonna fail.” They don’t get a pass for imperfect products at this point. So the lesson here is if you’re gonna fail, fail fast, and be transparent about it. [45:37] Brad: “What Elon Musk has done is he’s created a culture, not only with his company, but the brand and his loyalists that say ‘I’m going to be first, but you’re going to have to give a little time. Forgive me, cause we’re not going to hit it. You’re not going to hit a home run every time, but I’m going to get you on third base and then we’ll sneak in into homebase and we’ll get it fixed.” [54:03] Ken: “Don’t blitz scale or innovate or feel like you have to be a high risk taker just for the sake of doing it because these other companies do it. What you really need to figure out is what is the why behind where they need to go and where you need to go.” [55:50] Brad “Sometimes educating your client on the lifetimes values of your customers so that we’re no here just to make a dollar today, but we’re actually looking at the future of your lifetime value and going okay we’ll spend money right now to acquire a customer because we know that the lifetime value is X, and you’re going to make that up in a year from now.” [57:40] Brad: “The customer needs to know that you’re running with them and you’re right next to or right beside them. Otherwise you don't’ have a seat at their table. And if you can’t get a seat at their table, it’s really hard to convince your clients to do anything.”
Greylock Partner Reid Hoffman and Blitzscaling co-author Chris Yeh on defining and developing a competitive strategy. Blitzscaling is how startups become enduring, category-defining businesses at lightning-fast speed. This strategy utilizes a set of techniques to grow, raise financing, and quickly scale to a dominant position in a global market. Greylock partner Reid Hoffman and entrepreneur Chris Yeh share their advice for clarifying goals to create a competitive strategy, how to develop an aptitude for strategy, and examples of actionable strategies from today's leading tech leaders. This episode of Greymatter is the first in a new series dedicated to blitzscaling. The podcast themes draw on the lessons from Reid and Chris' new book Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies, and go deeper into the practical details of how entrepreneurs and leaders can blitzscale their organizations.
Reid Hoffman (@reidhoffman) is a cofounder of LinkedIn, investor at Greylock Partners, host of the podcast Masters of Scale, and coauthor of Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies and The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career. This is part two of a two-part episode. Check out part one here! What We Discuss with Reid Hoffman: Why surviving a horrible childhood isn't a prerequisite for developing grit -- and what you can do to learn resilience. What it takes to gather the data points necessary for unpacking the secret subtext of indirect feedback. How we can steer into good crises to strengthen relationships and better our circumstances. What running Dungeons & Dragons and RuneQuest campaigns taught Reid about complex human motivations and the power of heroic collaboration. Aligning goals between employers and employees of any generation with Star Wars-inspired rotational, transformational, and foundational tours of duty. And much more... Full show notes and resources can be found here: https://jordanharbinger.com/208 Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course! Does your business have an Internet presence? Save up to a whopping 62% on new webhosting packages with HostGator at hostgator.com/jordan! Take breakfast back with Just Crack An Egg breakfast bowls. Simpy crack a fresh egg over tasty ingredients for a hot, fluffy scrambled egg breakfast. Find out more here! The Hartford Insurance Group knows there's nothing small in small business, and it's been protecting customers for over 200 years. Learn what it can do for you and your business at thehartford.com/smallbusiness! Have you ever thought about the fact that where you choose to live directly affects the "you" you become? Apartments.com has the most listings, which means you have the most apartments, townhomes, condos, and houses to choose from. Change your apartment, change the world at Apartments.com here! In the Big Questions podcast, Cal Fussman uncovers the heart, head, and soul of his...
Reid Hoffman (@reidhoffman) is a cofounder of LinkedIn, investor at Greylock Partners, host of the podcast Masters of Scale, and coauthor of Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. What We Discuss with Reid Hoffman: Why creating the best products and services on the market won't mean squat if you don't have the network to get the word out about them. Reid's flexible planning framework that adjusts navigation to suit the unexpected path rather than the imagined destination. How to know when you're informing your intuition with the best available data or just procrastinating to avoid making important decisions. Why "never give up" is terrible advice, and how to separate your winning instincts from your losing ideas. Why an honest partner is almost always your best source of ideas -- and a reminder of where the road paved with the best intentions usually leads. And much more... Full show notes and resources can be found here: https://jordanharbinger.com/207 Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course! Get two months of Skillshare -- unlimited access to over 18,000 classes in design, business, technology, photography, entrepreneurship, film, writing, and more -- for free at skillshare.com/harbinger! Great protection. Fair prices. Easy to use. SimpliSafe is the right way to protect your home at half the size and double the range -- go to SimpliSafe.com/jordan to learn more! Explore Blue Diamond for all your almond product needs. From delicious almond nut snacks to gift baskets, they've got you covered at a store near you or at bluediamond.com! Rocket Mortgage by Quicken Loans. Apply simply. Understand fully. Mortgage confidently. To get started, go to RocketMortgage.com/JORDAN! Brother INKvestment Tank all-in-one inkjet printers keep your business running by delivering up to one year of printing without the need to replace ink cartridges! Until June 15th, get up to $50 off select INKvestment Tank models by going to inksaleradio.com! Disgraceland is a true crime podcast about musicians getting away with murder. If you love true crime and you love music, get ready to love Disgraceland here! Like this show? Please leave us a review here -- even one sentence helps! Consider including your Twitter handle so we can thank you personally!
In Silicon Valley, investors don't expect their portfolio companies to be profitable. “Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies,” a bible for founders, instead calls for heavy spending on growth to scale in an Amazon -like fashion. As for Wall Street, it's shown an affinity for stock in Jeff Bezos' business, despite the many years it spent navigating a path to profitability, as well as other money-losing endeavors.
「閃電擴張」(blitzscaling)是一種競爭策略,有時甚至是不可避免的策略。然而當所有新創瘋狂追逐規模,反而遺失了企業存在的真正意義。
W dzisiejszym odcinku rozmawiamy o komunikacji w startupie. Poruszamy też tematy związane z motywacją pracowników oraz przyśpieszeniu rozwoju firmy. Lista linków:Greg Albrecht podcast https://gregalbrecht.io/pl/podcast/Data Ventures http://www.dataventures.io/Sundose https://pl.sundose.io/Na hasło “startupfonika” otrzymasz 50 pln rabatu na start. Admonks https://admonks.io Książki:Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies – Reid Hoffman, Chris Yeh –> linkZaczynaj od DLACZEGO. … Czytaj dalej Komunikacja w startupie.
Do you really need to get a physical exam every year? We begin this episode by exploring who should and maybe who should not get an annual check-up and why. http://www.shape.com/lifestyle/mind-and-body/theres-no-evidence-you-need-annual-physical-exam-say-doctorsYour unconscious mind affects your thoughts and behaviors in ways you can’t imagine. That is the message from John Bargh, Yale professor of psychology and author of the book Before You Know It: The Unconscious Reasons We Do What We Do (https://amzn.to/2JLKN2b). For example, feeling physically warm actually makes you more socially warm; feeling fear makes you think more politically conservative – it’s just amazing. Listen as professor Bargh takes you on a tour of your unconscious mind. A lot of things can get messy in your kitchen – from lingering cooking smells to fruit flies and a million other things. Listen as I reveal some great ways to solve common kitchen problems you probably haven’t heard before. http://food52.com/blog/14173-7-kitchen-cleaning-tricks-that-really-workHow did Facebook, Amazon, Google and other big companies get so big so fast? The answer is “blitzscaling.” It is a recent phenomenon in business that was named and identified by LinkedIn founder Reid Hoffman and entrepreneur Chris Yeh in their new book Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies (https://amzn.to/2D4HW33). Chris Yeh joins me to explain how blitzscaling works and others in business can use the same principles. This Week's SponsorsCare/Of Vitamins. For 25% off your first month of personalized care/of vitamins go to www.TakeCareOf.com and use the promo code SOMETHING Home Chef. Go to www.HomeChef.com/something to get $30 off your first order. Madison Reed. For 10% off plus free shipping on your first order go to www.Madison-Reed.com/somethingJet.com. For a great online shopping experience go to www.Jet.com The Lodge at Woodloch. $50 resort credit off any 2-night stay at The Lodge at Woodloch when mentioning promo code SOMETHING by calling 800-966-3562, Option 2, then Option 1 for reservations.
This year we’ve had some pretty impressive CEOs and entrepreneurs on the show. It continues today with Reid Hoffman. If you don’t know the name, you definitely know some of the products he was behind. How about PayPal or LinkedIn? Today we’re joined by Hoffman and Chris Yeh, co-authors of the new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or Airbnb? Yet those who actually manage to do so are exceedingly rare. So what separates the startups that get disrupted and disappear from the ones that grow to become global giants? The secret is blitzscaling: a set of techniques for scaling up at a dizzying pace that blows competitors out of the water. The objective of blitzscaling is not to go from zero to one, but from one to one billion, as quickly as possible. When growing at a breakneck pace, getting to the next level can require very different strategies from those that got you to where you are today. In a book inspired by their popular class at Stanford Business School, Hoffman and Yeh reveal how to navigate the necessary shifts and weather the unique challenges that arise at each stage of a company’s life cycle, such as: How to design business models for igniting and sustaining relentless growthStrategies for hiring and managingHow the role of the founder and company culture must evolve as the business matures If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Blitzscaling is often associated with high-tech companies in Silicon Valley, but the principles can be applied to organizations of any size, and at any stage. Incumbents can adopt strategies to outdistance their competition and create strong, lasting competitive advantages. Greylock partners Reid Hoffman, Sarah Guo and Blitzscaling co-author Chris Yeh share advice for established companies looking to apply blitzscaling techniques, defense strategies for leaders facing blitzscaling competitors (such as startups), and steps to responsibly blitzscale. This episode of Greymatter is the fifth in a five-part series on “blitzscaling” where general partners from Greylock discuss their experience building tech companies from startup to scaleup. The themes of these episodes are covered in Chris and Reid's new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. You can listen to the other episodes in the series, here.
Join us as we turn the tables on our frequent LinkedIn Speaker Series interviewer, Reid Hoffman, and interview HIM about his new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. Reid’s new book comes out at the beginning of October, so don’t miss this “hot off the press” chance to hear directly from him about the lessons he has learned. Shannon Brayton, LinkedIn CMO, will host a fascinating fireside chat to understand what “blitzscaling” means and what separates the startups that get disrupted and disappear from the ones who grow to become global giants.
The dot-com era saw the failure of numerous startup companies due in part to the strategy of copying and pasting existing business models, created for the offline world, to the Internet. To achieve market dominance and beat out incumbents, companies need to create an innovative business model that is designed to scale alongside your company. Greylock PartnerJerry Chen and entrepreneurChris Yeh share advice on how to avoid growth limiters, target the right customer and build defensible moats. This episode of Greymatter is the second in a five-part series on “blitzscaling” where general partners from Greylock discuss their experience building tech companies from startup to scaleup. The themes of these episodes are covered in Chris Yeh and Reid Hoffman's new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.
Entrepreneur Chris Yeh and Greylock Partners Reid Hoffman and Sarah Guo on what it takes to scale to global dominance. Blitzscaling is the secret by which Silicon Valley and China have built startups into global, category-defining businesses at lightning fast rates. This strategy utilizes a set of techniques to grow a customer base, revenue, financing and ultimately create a dominant global position in a market at speeds which were not possible before. Greylock Partner Sarah Guo moderates a discussion between Greylock Partner Reid Hoffman and entrepreneur Chris Yeh about the basics of blitzscaling, decision making and how startups can become dominant companies in Silicon Valley and beyond. This episode of Greymatter is the first in a five-part series where we host several Greylock investment Partners to discuss their experience building tech companies from startup to scaleup. The episodes are in partnership with Chris and Reid to discuss the stories and lessons from their new book Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.