Billion dollar startup ideas
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- เผยแพร่เมื่อ 7 มิ.ย. 2024
- What makes you new, different, and unique in the world will often be the exact thing that makes you succeed. Embrace your differences, and you’ll find something amazing in there. Learn how founders like Steve Jobs, Bill Gates, Ryan Petersen of Flexport, and Jack Conte of Patreon did exactly that: learn things from unique personal experiences that put them on the right path.
And if you can do that, you avoid infinite competition. You can make something truly awesome.
Stop wasting your life: • LEARN, EARN or QUIT | ...
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What to do after raising money: • Startup Next Steps aft...
00:00 Intro
01:52 Steve Jobs on Unique Experiences
03:04 How Ryan Petersen's experiences led him to make Flexport
04:26 How Jack Conte's experiences led him to make Patreon
05:24 You don't have to be novel
06:01 Great startups start as toys
06:43 Paul Graham on startup ideas
Read How to get Startup Ideas by Paul Graham - paulgraham.com/startupideas.html
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I’m Garry Tan, venture capitalist and founder at Initialized Capital. We were earliest investors in billion dollar startups like Coinbase and Instacart, and I’m a Forbes Midas List Top 100 venture capitalist in the world. We want these videos to be about helping people build world-class teams and startups that touch a billion people. Our startups have gone on to create more than $40 billion in market value so far, and Initialized has over $770M in assets under management. I’m doing my own one man TH-cam channel with no staff or crew - we're going for raw and unfiltered, not perfect.
Please like this video and subscribe to my channel if you want to see more videos like this!
Find me on Instagram where I can answer your startup advice questions by DM - / garrytan
I'm just here for my first pin.:)
Done!
Lol. Nice. Let me piggy back off this comment. Been listening to you for about 4 months. Good stuff Garry
@@nosaiyare2151 Lol yeah, isn't Garry awesome?
@@GarryTan when are you giving a camera out
@@elkano2358 omg is that what I have to do next? I am a big fan of Potato Jet
Every few moons, youtube throws a gem like this on my recommended list.
I am definitely subscribing to this channel.
Thank you for watching!
Wow. To new folks, it's another "subscribing to this channel", but to folks that know Garry off of elsewhere - IT'S GARRY TAN! :D
Coming up with ideas is good but coming up with problem solving ideas which are better faster & cheaper is the goal.
Yes, also the idea is just a multiplier on execution!
Absolutely
there is the classic store with brick and mortar
let's call it 1.0
in this store, products almost never change
and the owner chose the products
it is boring
now, there must be a new store
let's call it 2.0
in this store, products always change
and people choose the products there will be via an app
on the app, there is a huge catalog, people choose the products that will show up in the store
the store is constantly being supplied with the products people choose
I believe you can't become a millionaire by depending on people paying you monthly to become a millionaire but by investing. I'm saying thisbecause of what I have gone through in life and my current life situation .. Becoming rich depends on your determination and hard work.
@@Minuteness1 congratulations sir. Do you mind share your success.
Not my area of expertise, but I feel like there isn't a shortage of good (and novel) ideas. However, there is a shortage of people who have the knowledge and/or capital to prototype a product and get something into peoples hands. I also think that it is less about the idea and the willingness of the founder to pivot to what the market demands not what they personally find valuable. Would love your thoughts on these two aspects Garry! Love the channel and this video. Comment is not meant to sound dissenting, hoping to just start a dialogue!
Ideas are merely a multiplier on execution as Derek Sivers says.
@@GarryTan Love that quote!
Ok where can i find these ideas ?
Not so true when comes to potentially billion dollar ideas. When you go up in moneyland, there is absolutely no shortage of people with capital, expertise and talent. However a billion dollar idea is a rarity and quality ideas only come once in awhile. If youre simply talking about the average everyday startups, then yeah ideas are not that important compared to other aspects of a business
@@michaelquecera3971 Totally fair. I am definitely coming at this from my own personal experience/ perspective haha. I have absolutely no experience with the process of building Unicorns
“History doesn’t repeat, but it rhymes”... love this, it reminds me of jobs-to-be-done theory. The other “trick” that has helped me a lot is be cognizant of “shlep blindness”, another great frame from PG.
PG essays are a treasure!
But sometimes it rhymes with the same words.
Hey Garry, I rarely ever comment on TH-cam videos but your channel has inspired me a lot over this past week and I wanted to let you know. I appreciate your passion and genuineness, it really shines through! So glad I stumbled across your channel and I’m excited to see what you release in the future.
I just clicked on the video, and I got inspired so much and scribed, after 31 years of working in five different big companies and loved what I achieved. Now I am 48 years and got out the corporations, made them a lot of Millions of dollars. and I learned very few things for them. So now I am thinking and planning to be my employer. So I plan to start my business at the beginning of 2022.
I will be traveling around the world for the next 12 months, starting December 01, 2020, to find ideas and learning more about what I need to do. Thanks for this video and for sharing your love with all of us. 🙏🏻🙏🏻👌
"Work on hard problems" - Agree. Everyone wants an easy solution. No one wants to bother with math or science. When you work on hard problems, you'll get 10x less competition. Simply because people are lazy and math is scary for most people. Come up with an uncommon idea and you'll succeed. Something that is not travel or cryptocurrency related, for example, logistics or data analytics. Instant win.
yep
Most of the time, that is not something a single person startup can pull off
Guys we should all start a discord where we can discuss and connect. Would be epic! Here is the link to our discord!
discord.gg/4xfqdqyH
that is an amazing idea!!
Lets make it Erick. Lets connect on twitter I am at @souvision
Look up Gen Z Mafia!
How about a whatsapp group
Count me in
I think billion dollars startup idea is weird, crazy and seems impossible to executive!
But passionate people never give up, they make it possible.
6:58 - "work on hard problems, driven mainly by curiosity....taking note of gaps and anomalies" This is both a great insight and encouragement to my otherwise very little progress work on a project. I am trying to unwind something that has become a commodity and provide the values the. creators duly deserved. Thank you.
Loved this! Especially the last comment about focusing on your skillsets and the world's needs - super inspiring
I can't tell you enough how much this video means to me! Watched it 3 times in a row.
Thanks for everything, Garry!
Thanks for watching!
Love it as always thanks Gary 🙏🏻
Condensed learnings & sharp messages, totally makes your videos a great resource on any topic. Thanks again for this video Garry. :)
Thank you for watching! Trying to make it short and sweet and weekly.
Thanks for the good advice and the share of Paul Graham's article on generating startup ideas. Really helpful!
Most people advise others toward specialization and a narrowing of experience. It's refreshing to hear arguments supporting going wide on unique experiences as they will serve you (and others) later in life. I was fortunate to have people in my life encouraging me to choose adventure and experience over specialization in my 20's and early 30's. Many of my friends took the other path and out-earned me in terms of dollars but I was out-earning them in experiences, which have opened up a world of possibilities to me now. No regrets on that.
One of my favorite quotes from the Paul Graham article, "Live in the future, then build what's missing."
Cheers
Saved! Will come back and watch this when I face too many rejections and brick wall hits while trying to advance
Fact
Another incredible video. Thanks Garry!
While I believe there is definitely an X factor involved in building a billion-dollar startup; I think having a vision and a passion to bring the vision to reality is the foundation. Vision allows you to see the whole picture. Passion keeps you going in spite of challenges. Yet another masterclass from Garry. Thanks.
Thank you for deciding to share your ideas with us!
Ideas can be copied , execution is more important
Yes ideas are just a multiplier on execution, as Derek Sivers says.
Fantastic! Thank you
An eye opener thank you garry for creating this, can't believe such type of information is free to access.
Thanks! The Internet is awesome.
Thanks you for sharing.
Thanks Gary, you are so real.
Garry Tan is amazing. Genuinely nice, giving value out of interest and love for his work as opposed to status. His advice is second to none.
First time viewer here - really impressed with the quality of this video. Subscribed!
Incredible video! Thank you!
Love this channel! Can't believe i haven't watched these before
Welcome Nour!
Hello Nour
I was so encouraged by this!
Insightful, I'm always anticipating for your videos... 👊👊👊
Gary, this is another great one, as usual! Makes me think about Steven Johnson's "Where good ideas come from".
The best video I seen this week. Thank you
Thanks for watching!
Thanks for sharing Garry!
Fantastic channel man. Tkx
Another great video, your ability to hone in on practical advice is so insightful. This video speaks to me and it gives me chills!
Thank you!!
You are amazing. Thanks
This is the kind of gem you stumble upon that makes you awed about the TH-cam recommendation algorithm. Amazing content Gary.
Great listen. Appreciated!
Amazing knowledge and content!
Thanks Gary
I love this channel. Thanks for sharing Garry Tan
Great content as always. Thanks for bringing them on.
Glad you like them!
Thanks for creating!
My pleasure!
These are fantastic, thanks Garry!
Thanks Daniel!
Loved this video Garry... Thanks for the thoughts and posting it.
Your videos are so good and inspiring than it brings tears in my eye. Thank you for your effort. Respect from India.
What a great piece of content I found in TH-cam. Keep doing (and improving) this type of content ;)
Thanks your video is to the point ❤
Great ideas! Love this!
„History doesn’t repeat, but it rhymes“ - is literally my fav quote from now on! Just think about it for a Second: Every company runs on the same very basic of principles of solving a real problem, finding the right words for what you are trying to say, creating value and so on. Yet, from the outside, it sometimes looks like as if they would have no common ground at all - but the metrics of success were the same in every case.
Also thanks for the great content, keep it up Garry! To be honest I have a million startup ideas just in my head, getting new ones all the time - usually about AI, future of human transport/ Infrastructure and educational system, sometimes crazy space stuff. Mostly they feel to big to achieve. If you would take a few mins, I’d pitch you my top three! If not, one day or another we’ll meet at Silicon Valley 🤘
Greets from Berlin!
That's a super thoughtful comment Philipp, I agree, the history quote is very true, everything rhymes.
Love your channel!
Hey Garry. This is truly amazing. This is truly the most amazing content. I will definitely revisit these ideas regularly.
Thanks for watching. Don't forget to sub and click the bell.
Love you man, Thanks for your knowledge.
Great stuff Garry!
Thank you for this video.
This never fails: "Keep working on your creator skills, on your builder skills. Being a great engineer, being a great product manager, becoming a better leader, becoming more consistent, more conscientious, and a better communicator."
This is a true north star, thank you!
Thank you so much for the videos
That's so useful . Thanks
Great job Gary... Thank you
Thank you!
Love your work
Gives me hope and guidance to keep going!
Thanks, Garry. That just felt right.
Thanks for watching!
I dont know how but your videos give me confidence for making a startup ty
Love your point on experiences. I find it easy to regret all the time I've "wasted" not having started something yet. But who knows where I would be without my past experience. I think all that time has lead me to come up with some great ideas and made me who I am today. No regrets!
So true!
Subscribed , Great content. Thank you
Superb content
I've been looking for a channel like this. Thanks for the great content. Hitting like and subscribe!
Thank you very much for making these videos!
Thanks for watching!
@Garry: I have been watching your videos and getting awesome answers to my queries from you. Thanks a lot for being a torch bearer.
Just subscribed to this channel. Thanks for the wonderful advice.
Love u bro thanks for everything ❤️👊🏾
Garry, I would recommended adding 1-2 lines showing your credibility/background at the beginning of the video. So many people talk about start up ideas - but most lack the experience you have. The juicy part of the video (and your credibility) didn't come until 3 minutes into the video.
Appreciate that! Thank you
Venture city your recent video on AMAZON ROBOTS was great keep it up waiting for more...
Really great message!
Eye opening Thanks Garry for this one..
Thank you Slim Squid!
Such a great, eye-opening video. I've been brainstorming myself on what to create for a while now, and I'm glad I clicked this. Thank you!
Glad it was helpful!
great way to show quotes with subtle animated backgrounds. nice
Glad you liked it!
Great video Garry. Love your content so far and look forward to more.
Glad to hear it
Amazing man!
"becoming a better leader, working on your creator skills" I really like your message at the end.
Great video Garry! I like the idea of improving your skills while you keep your eyes open for opportunities
Thanks 👍
I appreciate your channel , gary...
Greetings from Malaysia
Can’t stop listening , wait more content 😀
Thanks for watching!
short but specific ..Thanks
Glad it helped
nice thank you so much for the info
Thank You Garryy!! :)))
You made my day Garry, thank you from Monterrey in Mexico. Hope one day be part of YC to see you there:D
Thanks Carlos!
Omg that's pure gold
Wow 44k subs! Channel is popping off! Congrats :)
Thanks! 😃
Thank you Garry Tan. I love this video
Amazing man.
Impressed. Thanks.
Glad you liked it!
Obsessed with your content.
Thanks for watching!
Your intro is amazing ❤️
Apple ad..
Thank you for this. Thank you for raising awareness.
Thanks for watching
Loved how you talked about the importance of the diversity of lived experiences in solving new problems. Is it possible for you to create a video about the importance of diversity and give advice to / empower people of underrepresented backgrounds?
Amazing advice.
Thanks Thanks Thanks...👏🏼🙏🏼👍🏻 Such a great content
Thanks, Garry, I really appreciate this. I can't wait to have a conversation with you someday.
Good content Gary, liked before watching
Glad you enjoyed it