There is one positive to corporatism: it leads to lots of people quitting and starting great companies! 🤣 - Awesome video as always. Huge fan of Office Space and Mike Judge!
Leadership is more important than management. Great people don't need to be managed, all they need is a clear vision and roadmap then get out of their way.
Thanks Garry, I am one of your very early followers. Every video in this channel is a MASTERCLASS for aspiring entrepreneurs. You are full of knowledge, experience, and expertise when it comes to building and investing in a startup. I wish more founders/investers come forward and share their knowledge the way you are doing.
Yeah I think such video will be very helpful. I hit 40 this year and wanted to shift to startup as well but due to family commitment , I’m not sure if it’s a good idea.
I love the fundamentals explained in this video. This video goes super well with some recent videos of Justin Khan's channel. Please keep spreading the word on how the real business world works. It's so hard to find content like this. I'm not nearly as knowledgeable as you, but I 've been trying to explain concepts like these to people for a while, but most people just give me a blank stare and look at me like I'm crazy, so I stopped talking about these concepts.
Really happy to see new founder educational content from you Garry! Extremely applicable for me given of my corporate background. Took me 2 years of startup life to get rid of it.
@@GarryTan I have never read or viewed anyone who really gives advice on picking your venture partner that rang true with me or my friends. Course most startups are exceptionally lucky just to get a single firm willing to fund them :
Great video, resonates strongly. One correction though - Uber had to use their internal thing because when they initially considered Slack, it could legit not handle their scale. Maybe it was a symptom of having too many managers passing around slack equivalent of your red folder, but there were reasons (from what I hear) that went beyond basic NIH issues.
Garry, this had me jumping out of bed. Points 3 and 4 (covering your ass and take credit) I resonate with so deeply because it’s always left me with a bad taste as an employee and as a CEO, but as someone who never learned how to be a managed or a CEO, this was very reassuring. Thank you.
As always - great video. Thanks for all the knowledge. I've been working on a kickstarter project for almost 2 years and launching November 2nd - you've been an enormous amount of help. Thank you!
Thank you, Garry, as of now, I'm just an intrapreneur, and studying; some day, I'll found something and grow it big and real; your videos are invaluable! Holy fuck, how valuable this video is.
Gary, words of wisdom, this helps out a lot with my current visionary (IP) iconic initiatives and ventures. Awesome, inspiring vlogs as always Gary, Blessings from Australia 🦘🐨🙏🏽👍🏾
These points are correct, but there's at least one killing problem not covered here: Hired "smart" employees only focus on gaming the system. Oh, I remember there was an official announcement about why Uber had to build Uber chat with a justification that the evaluated that Slack can't handle lots of users in one big organization as Uber.
I’m not sure about other countries but in Asia, those who never get promoted usually are those who are working hard to solve problems while those promoted are usually people who taken the credits but dint do the actual job. Lol
Thank you for making these videos! It really helps to get knowledge and advice from as many sources as possible and from experienced people. Right now we are starting as a company and we are taking an important step as we have been accepted to an acceleration programme. I am the CEO and will sacrifice job opportunities that would boost my professional career for this but I have noticed a lot of the issues that you talk about in my co-founders and am figuring out how to deal with them as it is a recurring problem... And they don't seem to be informing themselves and studying how to make the company happen. What could I do?
Thank you Garry. Really appreciate these videos. I lead a team of innovators solving the largest issues facing all of us. Right now we are fixing global food production These large format outdoor commercial systems are going to change the world they're going to completely upend the industry anyways for sure they're orders of magnitude less expensive orders of magnitude more efficient and will lower the operational overhead by orders of magnitude while increasing the yield tenfold just by area all well being zero disturbance on the soil once installed Which will allow for the soil microbiome with a little prep work to see the biodiversity return and the return of the mycelial cultures our current ag practices are destroying which that mycelial Network is the primary source of water abatement and retention in the soil like it's the the whole glue that holds the entire ecosystem together and it's a keystone ecosystem That's why we're seeing the propagation of droughts which is leading to the wildfires going crazy cuz the forests are dry as a dust fart. And it keeps getting worse 100 years ago we had dust bowls and the Great depression and we learned to cycle our crops well we still hadn't fixed the problem we're just spreading out longer. tilling kills a very important ecosystem and our insistence on monoculture has led to the decline of natural predator populations which leading to the extinction of our pollinators because the super mites that are causing colony collapse and the wing deformity would have been eaten by the natural predator population of a healthy biodiverse soil microbiome And no water wastage which is a cool thing you don't get dead spots in the ocean from fertilizer runoff because it's all localized no algae blooms these are all good things We even figured out how to economically incentivize it for every participant every step of the way and the banks are behind it It's a stable loan program we got to go to the table and figure out the LTV based on the square footage of the land that there's equipment will take it up but between the value of the equipment and the land is sitting on and the fact that that's a revenue generating area we should be able to have everything pre-approved based on a lien agreement on for the actual land that we convert over so it's you know economically incentivized for the farmers so it's an old brainer for them no approval process you know just sign and deliver. the banks make off like a bandit they're going to make trillions we cover our manufacturing cost no long-term capital commitments that's the first thing we're going to market with
I have a startup which is about designing Autonomous Vehicles for Air, Water and Land applications a Design House ... FYI I am not a "Qualified" Engineer (neve rmind that 😊) From the outset I am developing what I call DYNAMIC LEADERSHIP and NO SENIORITY. My dreams are big and ambitious .. I believe if from the outset you do not have the future included then the future will never happen!!
I woudl disagree as a guy who spend 7 years in big corps (PG for example). Imagine you have a huge corp selling 1BN a year, a grow for 1% of these sales is actually create a huge amount of profit - more than many startups do in 5 years. But there are like 10000 guys trying to launch the same big projects - and big companies are trying to build some kind of investment decisions which guy we will give money to get that grow or not. And this is a huge problem - first of all you willwork with tons of data that company has from previous launches (starups don't have it), you grow is small and can be connected to other reasons (for starups the grow is always about just better marketing/sales/product), and finally to push anything thrue big organisations - you change how thousands people work (startups don't have this problem at all). so all of this three elements lead to something wich may look useless and counter productive - but it is for startups. for big organisations - it is totally different - they just cant work as startups - they need to make investment decisions, they need to gather much more data, they need to change a way people work at scale and etc.
Hey Garry, do you have any advice for nontechnical founders who want to get skilled up so they can take on more complex problems (ie. space industry, web 3, and biotech)? I'm 25 and have specialized in customer acquisition and growth for the last 6-7 years. I'm also currently (very early on) learning how to code and building projects in my spare time. My goal is to start a MicroSaaS that can cover my tuition + cost of living so I can go back to school for an engineering/science degree. I wanted to know how you would approach this problem?
Garry can you please tell how to value an idea. Actually the point that you said "love with ones idea" I think I'm suffering from that. I currently don't know how to really evaluate my idea. Actually the idea is to apply the biological principals to the cyber world in order to ensure a higher security and to transfer larger amount of data to different device in a lower time and using lower bandwidth.
@@thejatomis This would solve the problem of virus, ransom ware and other malicious code from running in your device and will also promote security in the digital space.
@@thejatomis I am not here for the money. It way cool to put in use the 4.543 billion years of research to solve a problem that the humanity is facing right now and it seems to intensify over the years as the governments around the world decide to depend on more digital solutions.
managing is doing, this should be stop badly managing. PS That office space guy could've simply said customer support, but corporatism makes more sense, but then again that doesn't sound good or probably wouldn't get enough clicks/views. Good video overall though as usual
Great input sir , however I have a question for you , in your career / passion Till now , what is the most common and most strange new business / startup idea within Fintech you have ever heard of ? And If you have any guidance going forward relating to the future of Fintech , don't hesitate to share it with us pls thanks
“Once you get to a startup after a stint of taking credit for other people's work for years, it's bewildering to work really freaking hard at some thing and have no results to show for it.” Mic drop. 🎤
Hi Garry where can I get in touch with you? Want to send you a 1 page executive brief and see if you’d be interested in our pitch. We’re doing a series A on a company around gaming, creator economies & media IP’s. I’ve tried reaching out to you on linkedin.
There is one positive to corporatism: it leads to lots of people quitting and starting great companies! 🤣 - Awesome video as always. Huge fan of Office Space and Mike Judge!
Lol, right?!? That’s exactly what I did! 2.5 years in and loving it. 😁
Great video. Keep it up!
I would love to learn the secret behind forex trading
You can learn the secret behind forex trading from Lewis Aron Coach Trading Community
I will make research about his trading community and reach out to him to learn. i know the forex markets is highly profitable
Leadership is more important than management. Great people don't need to be managed, all they need is a clear vision and roadmap then get out of their way.
Thanks Garry, I am one of your very early followers. Every video in this channel is a MASTERCLASS for aspiring entrepreneurs. You are full of knowledge, experience, and expertise when it comes to building and investing in a startup. I wish more founders/investers come forward and share their knowledge the way you are doing.
Garry, you should do a video on how an average 20-30 something with a 9-5 job can make a shift to startups and build their own company.
Yeah I think such video will be very helpful. I hit 40 this year and wanted to shift to startup as well but due to family commitment , I’m not sure if it’s a good idea.
This channel is getting better and better. Thank you, Garry!
I love the fundamentals explained in this video. This video goes super well with some recent videos of Justin Khan's channel. Please keep spreading the word on how the real business world works. It's so hard to find content like this. I'm not nearly as knowledgeable as you, but I 've been trying to explain concepts like these to people for a while, but most people just give me a blank stare and look at me like I'm crazy, so I stopped talking about these concepts.
Really happy to see new founder educational content from you Garry! Extremely applicable for me given of my corporate background. Took me 2 years of startup life to get rid of it.
Thanks Gary, you’re the straight talking, Jordan Peterson for start-ups, the business Dad we never had.
Don't insult Gary with that comparison
What kills startups is VC's micromanagement.
This is true, I should do a video about this
@@GarryTan Yes you should, definitely, and thank you in advance.
@@GarryTan
I have never read or viewed anyone who really gives advice on picking your venture partner that rang true with me or my friends. Course most startups are exceptionally lucky just to get a single firm willing to fund them :
Great video, resonates strongly.
One correction though - Uber had to use their internal thing because when they initially considered Slack, it could legit not handle their scale. Maybe it was a symptom of having too many managers passing around slack equivalent of your red folder, but there were reasons (from what I hear) that went beyond basic NIH issues.
Garry, this had me jumping out of bed. Points 3 and 4 (covering your ass and take credit) I resonate with so deeply because it’s always left me with a bad taste as an employee and as a CEO, but as someone who never learned how to be a managed or a CEO, this was very reassuring. Thank you.
As always - great video. Thanks for all the knowledge. I've been working on a kickstarter project for almost 2 years and launching November 2nd - you've been an enormous amount of help. Thank you!
I wish you luck!!
@@tan6660 thank you so much - it has been the most challenging yet rewarding thing I've ever done. thank you again for your kid words
Thank you, Garry, as of now, I'm just an intrapreneur, and studying; some day, I'll found something and grow it big and real; your videos are invaluable! Holy fuck, how valuable this video is.
Gary, words of wisdom, this helps out a lot with my current visionary (IP) iconic initiatives and ventures.
Awesome, inspiring vlogs as always Gary,
Blessings from Australia 🦘🐨🙏🏽👍🏾
I am someone starting out. And listening to you make me inspired.
This is my favorite video from gary so far lol I have seen two sides of this issue in start ups Ive worked for. WE NEED DECISIVE SOLUTIONS FAST!
These points are correct, but there's at least one killing problem not covered here: Hired "smart" employees only focus on gaming the system. Oh, I remember there was an official announcement about why Uber had to build Uber chat with a justification that the evaluated that Slack can't handle lots of users in one big organization as Uber.
Thankyou specifically for this video, Gary! Thanks for the hint! 👍🏿
I’m not sure about other countries but in Asia, those who never get promoted usually are those who are working hard to solve problems while those promoted are usually people who taken the credits but dint do the actual job. Lol
Thank you for making these videos! It really helps to get knowledge and advice from as many sources as possible and from experienced people. Right now we are starting as a company and we are taking an important step as we have been accepted to an acceleration programme. I am the CEO and will sacrifice job opportunities that would boost my professional career for this but I have noticed a lot of the issues that you talk about in my co-founders and am figuring out how to deal with them as it is a recurring problem... And they don't seem to be informing themselves and studying how to make the company happen. What could I do?
great audio production, really pleasant to listen to.
Thank you Garry. Really appreciate these videos. I lead a team of innovators solving the largest issues facing all of us. Right now we are fixing global food production These large format outdoor commercial systems are going to change the world they're going to completely upend the industry anyways for sure they're orders of magnitude less expensive orders of magnitude more efficient and will lower the operational overhead by orders of magnitude while increasing the yield tenfold just by area all well being zero disturbance on the soil once installed
Which will allow for the soil microbiome with a little prep work to see the biodiversity return and the return of the mycelial cultures our current ag practices are destroying which that mycelial Network is the primary source of water abatement and retention in the soil like it's the the whole glue that holds the entire ecosystem together and it's a keystone ecosystem That's why we're seeing the propagation of droughts which is leading to the wildfires going crazy cuz the forests are dry as a dust fart.
And it keeps getting worse 100 years ago we had dust bowls and the Great depression and we learned to cycle our crops well we still hadn't fixed the problem we're just spreading out longer. tilling kills a very important ecosystem and our insistence on monoculture has led to the decline of natural predator populations which leading to the extinction of our pollinators because the super mites that are causing colony collapse and the wing deformity would have been eaten by the natural predator population of a healthy biodiverse soil microbiome
And no water wastage which is a cool thing you don't get dead spots in the ocean from fertilizer runoff because it's all localized no algae blooms these are all good things
We even figured out how to economically incentivize it for every participant every step of the way and the banks are behind it
It's a stable loan program we got to go to the table and figure out the LTV based on the square footage of the land that there's equipment will take it up but between the value of the equipment and the land is sitting on and the fact that that's a revenue generating area we should be able to have everything pre-approved based on a lien agreement on for the actual land that we convert over so it's you know economically incentivized for the farmers so it's an old brainer for them no approval process you know just sign and deliver. the banks make off like a bandit they're going to make trillions we cover our manufacturing cost no long-term capital commitments that's the first thing we're going to market with
Let's chat if that's OK with you. Please share your contact details. We are into sustainable agriculture
Gary Tan is the 🐐
I have a startup which is about designing Autonomous Vehicles for Air, Water and Land applications a Design House ... FYI I am not a "Qualified" Engineer (neve rmind that 😊) From the outset I am developing what I call DYNAMIC LEADERSHIP and NO SENIORITY. My dreams are big and ambitious .. I believe if from the outset you do not have the future included then the future will never happen!!
Massive value in this video
Talk about the epidemic of founders abusing non-founder employees with long working hours and laughable bonuses when compared to the founders'.
have you experience this?
@@ryanburdeaux yes, as have many of my friends who worked on startups.
@@Fanaro that is unfortunate, sounds like some rotten founders
You are a legend Garry!
Thank you again for the motivation and huge teaching points!
Very interesting, another great video. Wish my teachers at OSU talked about these things
Nice one Garry! Thanks! 😄
Awesome video as always, thanks!
I woudl disagree as a guy who spend 7 years in big corps (PG for example). Imagine you have a huge corp selling 1BN a year, a grow for 1% of these sales is actually create a huge amount of profit - more than many startups do in 5 years. But there are like 10000 guys trying to launch the same big projects - and big companies are trying to build some kind of investment decisions which guy we will give money to get that grow or not. And this is a huge problem - first of all you willwork with tons of data that company has from previous launches (starups don't have it), you grow is small and can be connected to other reasons (for starups the grow is always about just better marketing/sales/product), and finally to push anything thrue big organisations - you change how thousands people work (startups don't have this problem at all). so all of this three elements lead to something wich may look useless and counter productive - but it is for startups. for big organisations - it is totally different - they just cant work as startups - they need to make investment decisions, they need to gather much more data, they need to change a way people work at scale and etc.
I have an idea to build a company opposite to google how should i make a better company and good decision to survive to beat the competition
this is amazing
so glad i found this channel
Hey Garry, do you have any advice for nontechnical founders who want to get skilled up so they can take on more complex problems (ie. space industry, web 3, and biotech)? I'm 25 and have specialized in customer acquisition and growth for the last 6-7 years. I'm also currently (very early on) learning how to code and building projects in my spare time. My goal is to start a MicroSaaS that can cover my tuition + cost of living so I can go back to school for an engineering/science degree. I wanted to know how you would approach this problem?
This can be also relevant for the corona virus. We’re not going to beat it by committee.
Not-Invented-Here Syndrome is sooo on point
Love this episode Garry.
Very personally relatable
*Thanks for the feedback~~~I have something big I'd love to introduce you to feel free to chat me immediately for more enlightenment.
📥⑧⑦②②⑦①⑦⑤②⑧
What type of companies do all of those things that you mentioned at the end of your video? It seems like they’re a diamond in the rough.
This was awesomely made.
Thank you, GARRY!
what do you think to incorporate AI in to Company as Manager ?
I was waiting till when you got to the big automative companies!
Thank you internet, thank you Gary
amazing video. as always. At this point I'll have to give you equity for all the advice received lol
Ya... Everyone want to be the manager and no one are doing the actual works. Only gather the people can do the actual work by themselves.
Is there anyway to get a startup to recognize that they're heading down this path? (Or if you're asking this question is it too late?)
Great video! BTW which movie are the cutscenes from?
Office Space is a classic.
Garry can you please tell how to value an idea. Actually the point that you said "love with ones idea" I think I'm suffering from that. I currently don't know how to really evaluate my idea. Actually the idea is to apply the biological principals to the cyber world in order to ensure a higher security and to transfer larger amount of data to different device in a lower time and using lower bandwidth.
@@thejatomis This would solve the problem of virus, ransom ware and other malicious code from running in your device and will also promote security in the digital space.
@@thejatomis I am not here for the money. It way cool to put in use the 4.543 billion years of research to solve a problem that the humanity is facing right now and it seems to intensify over the years as the governments around the world decide to depend on more digital solutions.
Wow learned a lot!
amazing content
Can you help?...I'm a co-founder and need help with a "Hard Tech/Moonshot" problem. Thanks for all the content as well!
How can I structure my startup for investors?
11:18 No links in the description.
Sell everything to big companies except your time. They do not value it
managing is doing, this should be stop badly managing. PS That office space guy could've simply said customer support, but corporatism makes more sense, but then again that doesn't sound good or probably wouldn't get enough clicks/views.
Good video overall though as usual
Great input sir , however I have a question for you , in your career / passion Till now , what is the most common and most strange new business / startup idea within Fintech you have ever heard of ? And If you have any guidance going forward relating to the future of Fintech , don't hesitate to share it with us pls thanks
You are awesome
Please add subtitles so that it is helpful for thant who aren't fluent in English.
Nice video oooooo
Wow
“Once you get to a startup after a stint of taking credit for other people's work for years, it's bewildering to work really freaking hard at some thing and have no results to show for it.”
Mic drop. 🎤
*Thanks for the feedback~~~I have something big I'd love to introduce you to feel free to chat me immediately for more enlightenment.
📥⑧⑦②②⑦①⑦⑤②⑧
1st one. Hehe
2nd
Hi Garry where can I get in touch with you? Want to send you a 1 page executive brief and see if you’d be interested in our pitch. We’re doing a series A on a company around gaming, creator economies & media IP’s. I’ve tried reaching out to you on linkedin.