Huber: Advice from successful people is risky for new entrepreneurs
Nick Huber · Nick Huber: Biggest Lies of Silicon Valley; Lost Art of Delegation; How to Grow Your Network | E1051 · 20VC with Harry Stebbings · Aug 21, 2023 · at 52:08
Nick Huber, serial entrepreneur and founder of Bolt Storage, explains why listening to established entrepreneurs can misguide beginner founders.
0:00 / 0:43exact quote · 43.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And also is that everybody who gives advice is a successful person because, you know, you got to have a resume to make your advice weighted, so all the people who have the most, you know, Clout and, you know, status on Twitter, they're all successful people, and getting advice from successful people is very risky, because successful people look at the world totally different than you do, and that I do, and that we did when we were young and not successful yet. So what you have is a lot of people who are not successful yet, getting advice from successful people, and they're, the successful people are, they feel totally different about wealth and risk, because they already have it, and they're trying to protect it. They're not, they don't have it. It's not like that they don't have it, and they're trying to get it. You see what I'm saying? They're in different phases of life and what worked for them might not work for you.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Nick Huber
Huber: Wealth redistribution would revert to 80/20 inequality within five years
“You could take all the money in the United States right now. You take all the money and you could divide it equally among everybody. Take all the money and divide it equally. And in five, 10, 15 years, you could argue about the timeframe. In five years, at lea…”
Huber: Poorest Americans today live better than wealthiest Americans 50 years ago
“Today the poorest people in America have a better life than the wealthiest people in America 50 years ago. They have better access to healthcare. They have better living situations. They have more amenities. They have better food. It trickles down massively, a…”
Huber: Prevailing victim culture gives accountable families a competitive advantage
“I think this woke mindset and virus is a tremendous advantage for me and my family. The people who buy into it, Our victims, the people who buy into it are blaming other people, the people who buy into it are focusing on things that are totally outside of thei…”
Huber: Refusing to leave an inheritance is a parenting cop-out
“A lot of entrepreneurs kind of brag about the fact that they're not going to give anything to their kids. They say it like I am going, I'm going to give all my money away and my kids will find, will get their own cash or opportunity or whatever it is. I think …”