Chris and Yaniv have seen the three key things that lead to success in startups: momentum, hustle, and an understanding of opportunity cost. In this episode, they’re diving deep into all three of them.
Chris and Yaniv discuss why momentum, hustle and opportunity cost are the critical concepts to operationalise not just in your business but life in general. There are some long-awaited rants on bureaucracy in start-ups, and great practical advice for anyone working at a startup right now drawn straight from both of their early-career experiences.
Timestamps:
1:45 Why momentum is critical to startup success
4:12 Defining momentum
7:00 Why it’s important to compare your momentum to the global benchmark
8:40 How to know if you have the momentum you need to succeed
9:23 Why you need to be both patient and impatient
9:42 What hustle really means
12:55 Why you need to understand opportunity cost
19:23 How to use opportunity cost and impatience to drive momentum
21:50 Why replicating big company processes at a start-up is bad business
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Edu: Opportunity Cost - How Much Are You Really Paying? | The Startup Podcast - Listen or read transcript on Metacast
