The Wisdom Wall
13 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“telling other entrepreneurs, like, don't just take anyone's money, or be really careful who you take money from. Um, that's all well and good when you've got cash in the bank. When you don't, um, it's really unhelpful advice, because it's true, you really want to make sure who you take money from, but you also just…”
“we don't disclose it, and it's so funny because, um, I, I think there's a real, there's a real dark side to talking about how much money you've raised, and I think what happens often in startup culture is that, that is what you become known for.”
“telling other entrepreneurs, like, don't just take anyone's money, or be really careful who you take money from. Um, that's all well and good when you've got cash in the bank. When you don't, um, it's really unhelpful advice, because it's true, you really want to make sure who you take money from, but You also just…”
“I got to hold on to a lot more of my company because we couldn't raise for a while, but the result was, um, you know, we were, I think, in a position where we could better absorb those financial resources, so there wasn't risk of other investors coming on and saying, like, wait a minute, wait a minute, like, you gotta…”
“the way she's dressing when she's 27 is not all that different from how she's dressing when she's 47.”
“I think it's really, really hard to have a single product, um, a fairly niche single product thrive on direct-to-consumer, but I think you would kill it at a lot of outdoor stores, and I think you would kill it with the camp crowd, like Guy said.”
“women always They're not looking to fashion magazines to tell them what to wear to work. They're turning to each other. They're asking each other, where'd you get that? Where'd you, where'd you shop for that?”
“Luxury brands can afford to do three or four fittings to really perfect the fit, whereas lower priced brands, they might be fitting it once, or maybe never. They might just go straight to production.”
“Most factories are not willing to work with a no-name because, uh, I mean, small designers come and go, and so I, I didn't realize, like, I was like, well, I'm willing to pay you money, and they were like, it doesn't matter if you're willing to pay us money, like, we need sustainable businesses, so. If you're not going…”
“And I think one thing I didn't quite realize, you know, women, they're not looking to fashion magazines to, to Tell them what to wear to work. They're turning to each other. They're asking each other, where'd you get that? Where'd you, where'd you shop for that?”
“one phrase that I developed, which I started using in all of my emails, is, if you or anyone you know might be interested, please let me know. I think the you or anyone else you know gave the other person an elegant out if they weren't interested.”
“And I think what Bento did, in many ways, is it took that decision paralysis away, because we were getting our products into our customers' hands, and only once they, they tried it on were they really understanding why these pants cost a 195 dollars”
“And one phrase that I developed, which I started using in all of my emails, is, if you or anyone you know might be interested, please let me know. I think the you or anyone else you know gave the other person an elegant out if they weren't interested.”