Subscribe to get more book digests: https://acacess.substack.com/subscribe
🚀 The Book in 3 Sentences
☘️ How the Book Changed Me
✍️ Top Quotes From the Book
- We don’t see the failed Innovation Stacks because they are never completed.
- Like tattoos, the word entrepreneur has lost its shock value through sheer overuse.
- A perfect problem has a solution, but not a solution that exists yet.
- If a particular problem is one that you can solve, then it is a perfect problem for you.
- I hired three people to work under Jack’s direction, all without telling them that their new boss wasn’t old enough to vote.
- I recall sitting outside one day in the Central West End of St. Louis when Jack was telling me about an idea that six years later would become Twitter.
- When I asked him about the credit card industry, his advice was simple and direct: “Only believe half of what people tell you, and always follow the money.”
- Their profit margin from small businesses was forty-five times higher than from billion-dollar corporations.
- Venture capital is for expansion, not exploration. Half the VCs I know won’t “venture” more than an hour’s drive from Sand Hill Road.
- Jack and I were that foolish, and we had found our perfect problem. We wanted to build something more inclusive and fair. We began on Wednesday, February 11, 2009, and had absolutely no idea what we were doing.
- the moment when you say, “So that’s why no one’s done this before.” This is the entrepreneurial moment when you first realize that you are attempting to do something new and are now outside the walls of the city. There is always a reason no one has done it, and the reason is rarely that they just aren’t as smart as you.
- Connecting our software with the financial system was like sewing Kevlar to toilet paper.
- The audio software developer’s kit was part of the standard iPhone libraries, which meant that we could write some code without having to ask anyone at Apple for permission.