I think running a start up with kids gives you focus and makes you work smarter not harder. If I founded a company at 20 when I had no family there is no way I'd be as committed as I am now. Also Keith is 🤯 I'd love to talk to him instead of just reading his tweets.

@JohnCooganPlus

3 жыл бұрын

Yeah, for sure. I always hear stories about people putting of kids in favor of their career, but that never made sense to me because you still work when you have kids. In fact, most people become more reliable (i.e. more employable and more successful), after they are parents. There's no evidence that having kids hurts career prospects. Very silly. I definitely need to do a full video on Keith, he's such an interesting character.

It's such a milestone for you John. You've got 401K subsribers at the moment. I hope you take a moment to appreciate the moment. Ta

Congrats on the dadding. I took 10 weeks of paternity leave with kid #1 - and watched all of 24. I took 10 weeks of paternity leave with kid #2 - and built a business during napping hours. As they both get older, I am looking to keep the "building work" focused, but always be learning. In other words, less "random experimenting" and more focused effort on specific problems.

@JohnCooganPlus

3 жыл бұрын

Thanks! Yeah, that seems like the right move. It’s the classic Explore / Exploit (Bandit Problem). While you’re young, it’s best to explore lots of things, once you find things that work particularly well for you, you shift to exploiting. There’s an amazing book called “Algorithms to Live By” that covers this. Highly enjoyable read if you haven’t seen it before.

@queuebit

3 жыл бұрын

@@JohnCooganPlus Will check it out. Thanks!

This channel is underratted!

@JohnCooganPlus

2 жыл бұрын

thank you based god

@michaelyementalmodels5706

2 жыл бұрын

hi based zeus why are you here lol

I imagine it’s horses for courses. We don’t all have to be a Jeff Bezos. Why is the end goal always have to be profit margins. Why can’t we live in a world where charities are viewed like start ups. Where building new systems for caring is considered way cooler then systems for making more money? I may be too idealistic… loved the video! I’m a subscriber my friend :)

Your video quality is very good . Loving it great learning channel ❤❤

Congrats starting a fam!

Amen! I say managing the expectations of others while meticulously allocating your creative energy is key to a good work-life balance.

This is best channel on KZread focusing honestly on tech.

Great video! Totally agree with your view about work - life balance.

Congrats on the kid John! :)

@JohnCooganPlus

3 жыл бұрын

Thanks a lot Zaurbek!

I absolutely loved this video

Great topic as ever 😄

@JohnCooganPlus

3 жыл бұрын

Glad you liked it!

Amazing video! I'm often at crossroads about which approach is right. DHH is also in favor of work-life balance and says he's always had a good 8 hours of sleep, especially in the early days of starting his company. But I agree if you're enjoying the process it's fine. I'm inclined to believe it effects the body more badly if you're doing the kind of work that is boring, repetitive or you simply don't enjoy. I'm curious whether the researches done and studies conducted take this into effect. More often that is the case for employees not entrepreneurs. Like many people working on excel sheets at an investment banking firm. Goldman Sachs was recently in news for the long 13 hour days. I think money tends to be a poor motivator for working long hours for many people. Sure, you're somehow able to pull it off but you don't enjoy the process. Also, congrats on becoming a father.

@JohnCooganPlus

3 жыл бұрын

Yeah, the dirtiest secret in finance is that all the super successful people are actually entrepreneurs. They just started their own firms, hedge funds, or banks. Grinding for 100s of hours at a massive firm is extremely unlikely to work out. The firms are structured as partnerships and there just aren’t enough partner positions for all the analysts who are burning out on the lower rungs trying to climb the ladder. On the body issue, I don’t think you have to loose much sleep actually. There are 168 hours in a week. If you sleep 8 hours a night, that’s just 56 hours, leaving you 112 to do what you please. If you’re really enjoying what you’re doing, things will blend together. Social events like dinners and parties wind up having business value because you’re meeting interesting people. The books you read in your “free time” will also relate to your work. So, everything will be work and nothing will be work. I’ve had plenty of weeks where I had less than 10 hours of meetings, only a few hours of busy work, but still spent lots of time working and learning.

Congrats on becoming a dad!

@JohnCooganPlus

3 жыл бұрын

Thanks!

that’s all cool and all but… you forgot to mention risk and survivor bias… no matter how you smart you are or how hard you work there are simply too many variables out of one’s control at play in building venture scale businesses… building a “measly” USD 30 million a year company can be safer and life changing for most people… that’s more like poker (where skill is more important than luck) whereas venture scale businesses are more like playing the lottery (and thus the dismal hit rates we see in that industry)

@funkymonkey7202

Жыл бұрын

You can play both games. Start with startups and gamble it all while your young and have nothing to lose. Then if you don't make it you now have the work ethic and foundational knowledeg/skills to build a 7-9 figure business.

@marionogueiraramos9488

Жыл бұрын

@@funkymonkey7202 you're not wrong... having said that, I'd invert that sequence: build safe first and then gamble (without betting the farm though)

@funkymonkey7202

Жыл бұрын

@@marionogueiraramos9488 too much sunk cost + inexperience founders don't know whats wrong so it's actually better.

Survivorship bias. We don’t hear about the ones who fail despite working just as hard as Rabois

Congratulations, but stop lying about having a child. You're a child.