another amazing share! love the list of what CEO needs to learn and do! 1. Get people to follow you 2. Hire and manage people 3. Fundraise 4. Drive the vision 5. Conduct the magic symphony
Hey Garry, I've been in the startup world since I left Apple in 2013 and I have to say, this is one of those rare times I've said to myself: "here's someone the community truly needs to listen to, time and time again." I've only ever had this reaction to PG & Siebel over the years. To be sure, many others have been influential, but very few are as succinct and eloquent with their advice as you are. Wonderful content, here's to your continued success!
Wow, that means a lot to me. Thank you. PG put me in the biz and gave me my shot. Michael is a good friend and does amazing work. Lucky to be a part of that.
Quiz By "YouSum Live" 00:00:18 What mistake did the speaker make during the pitch? 00:01:54 Why is having co-CEOs problematic? 00:02:40 What realization did the speaker have about being CEO? 00:04:49 What should one consider before becoming a CEO? 00:05:10 What skills are essential for a CEO? 00:05:20 Is being a CEO suitable for everyone? 00:06:00 What advice does the speaker give about self-awareness? Quiz By "YouSum Live"
Great perspective! First-time founders who are also friends will have initial problems differentiating between their friendship and business relationship. This will also make picking one CEO much harder. Having an open and sometimes uncomfortable discussion around who will fill the CEO role (and why) should be something founders do very early on.
I always envisioned myself wanting to be a ceo, but after my first startup experience I’m not so sure. There’s a million problems they get tasked with that I just don’t care about. Domain leader life for me, I want to stay closer to the product
You and your Co-founder did manage to say "both" at almost everything when starting out didn't you Gary😅? Albeit you did turn out great and one of me role models you probably don't know about.
Pleace Read I need your help 🙏😖 I live in Sri Lanka and Iam 20 I hope to learn programming (web devaloping ) so as a sri lankan is it posible to get a (remote) working job from a another country (U.S)... I cant find a job because in sri lanka degree is a thing (asiya).. I am studying for A/l exam currently Subjects --bio , phycis , chem It is my 2nd shy 1st shy my resalts was s,s,s ... I am not sure what will be the resalts this time ( there are 3shy/3 attempts for A/L in Sri lanka 500000 students are sitting for the exam each time only 1000 are qualified for university ) I have no money or a home almost Watch all your videos and love them thank you for making these videos and giving us the knowledge Can you plz give me some advice . Can i get a remote working job as a sri lankan A grate fan -- Shalitha
@@GarryTan Generally speaking the demand side. People generally are lot more open to making money than to spending money. For marketplaces where the seller makes no money, like Uber, sell a dream.
One of the sides will be the key asset that will drive growth/adoption of the other side. For Uber's case, oversupply is their core driver of growth. Having an oversupply will enable them to drive waiting time for consumer down to the lowest possible, which is one of the values that consumers are paying for. This is not awfully obvious at a glance, and it really requires a deep understanding of market dynamics to make meaningful assumptions.
Felt like you were speaking right into my soul there Garry. About once a quarter I ask myself this same question "why do you want to be CEO?". If I'm honest, it's because I like steering the ship. Even if it means that right now, I'm watching this vid, while eating dinner, and taking a break from reconciling our accounting and will likely commit some late night bug fixes. It's not all glamourous but I think you nailed it when you said it's about "agency".
It's great that RUclips suggested me this video, i was conflicted whether i should be CEO or let my partner take the position..but deeply somewhere in my heart i want to grab that position. And you made me finalise my decision....and can you make a detail video on responsibilities of CEO...
Hey Garry! I loved your video and I wasn’t sure if I heard this in the video or not, but how if more than one co-founder wants to be CEO, how would you be able to resolve that?
Hi Garry! As a startup owner, I find your channel one of the best (if not THE best) out there. The videos are short, on the point and relevant. I am currently thinking about getting VC investment. I would need about 100-300k USD for the following 12 months to scale my business. As you can see, that range is huge, and it would only cover the expenses of a year. Can you do a video about how much money you should ask for and for how long? Is this a negotiation process like in an Egyptian market, or you either get what you ask or don't? Do the financial plans in Excel and the ratios (like burn rate) matter, or not, and the founders should only focus on increasing the value? Do VCs care about profitability or only growth potential? I would have a lot more questions, but these are the ones that I feel the most important. Hope to hear from you either as an answer, or in a video. Anyway, keep up the good work with your channel Best wishes,
This is been a great videos. It will be great if you can make an video on "how to find an co-founder". How to get a best fit person, compassionate same as you.
It's just ....so true everything you are saying....I just started looking at your videos...now ...please do more...i'm a ceo of a small startup...from India..
@Garry Tan, great content! when i have conversations with potential users, stakeholders, advisors, friends about my startup, they ask me what my "secret sauce" is, and personally, I don't believe in the need of a secret sauce for as long as problem-solvers remain problem and user focused with market as context. Would love to know your views on this general advice or question raised by people.
Salesforce was one of the latest large cap companies that tried the ol' co-CEO idea. It just complicates things. Within our org, we have two co-leaders -- it has worked great for the past few years but now we're transitioning out of it as the business has different needs now.
Always love your video, I was just wondering how can Peter Thiel and Alex Karp be able to be so successful in an I.T. firm when they had different majors in their university? I was just wondering where they learn tech knowledge from...Thanks!
True! Im presently a senior in uni and Ive spent 3 years out of four as a student organization’s president for two different orgs. Most presidents only get there in their fourth and final year. Less than 1% of the student body can be a president. In my third and fourth year I ran the same org and I think I had polar opposite styles. In the first year as President of my second org, I was extremely hands on and I think I ended up micromanaging. In my second year, I became hands off and let my Vice Presidents work their magic. In the first year, I was ‘the way’ and in the second year I got out of the way. I dont know if I should be happy or sad that its like this now. On one hand, I’m freer to steer the org towards its vision but on the other hand I feel less in control. I suspect I may have a control issue but I keep it at bay because our members are getting so much more from the organization. I had to learn that no man is an island and that I have to rely on others. Glad to finally have gotten it right on my third try. Its hard to tell if you are the most frustrated when shit hits the fan when you’re surrounded by compentent people meaning that shit rarely hits the fan and when it does, its often handled before they tell you about it.
I'm glad I saw this - I'm not at this key decision point in my startup - I'm simply spending time with a potential co-founder. But I feel good knowing my instincts seemed to be point - I don't care about the limelight or being in charge, I love the design and building process - but as Garry says, you need to be able to "steer the ship." I definitely appreciate Garry is willing to share his "tough lessons" of the past. Thank you!
Hey Garry, Thanks for your work, it's really helpful. We just about to make this mistake. So much valuable information condensed in these short videos.
Your putting out absolute gold ! Its go good I want to keep it all to myself and not share this , But I am a giver and know this will help you . I EVEN HOPE I DONT HAVE TO COMPETE WITH ONE OF THE FOLKS WHO HAS SEEN YOUR VIDEOS. Thanks mate ! keep posting.
Its such a good perspective to take on it. Agency is where the magic is, its where amazing things come to life and should be encouraged in ourselves and our leaders.
I read this in Ben Horowitz's book "Hard Thing About Hard Things" where he talked that why having one CEO is important because people below you in the hierarchy need to report someone and get approval.
You have to choose your role and do what you need to do. Being CEO is very different from other roles and it isn’t for everyone. Take on the role that will best help the business and if that means being the CEO to steer the ship, so be it, even if “you don’t want it.” If you should be the CEO, be the CEO.
Hi Garry, I really hope you see this comment and respond. I have an idea which I will like to develop but the issue is I know nothing about programming, I’m thinking of giving it to a developer to create. I’d like to know your thoughts on this, do you think giving it to a developer affects the products and me not knowing a thing about programming and not in the science related field will affect taking my product to greater heights? Thank you.
You need cofounders to make something that matters. A ten year overnight success can't really happen with part timers or contractors. Granted working with a contractor to make the idea is better than doing nothing, and people have made it work, it's just quite rare and not something I recommend. Better to learn to code. Life is short but not that short. You are likely to get decades of value out of being able to code, if not only because you can hire and work with better engineers.
@@GarryTan Thanks Garry for the swift reply, this clears up so much for me and will try working on coding and see how I go. I have always seen coding to be very difficult but I guess nothing good comes easy and plus it would be a great skill throughout my life. I really appreciate your time for responding.
Another great video! Thanks Garry. I wished this video was around for my x-cofounder to see when he argued to have equal decision making at every level. It hindered the company until it eventually suffocated and died. It was a great lesson for me.
Really really great content. Do you have any in depth videos about the subject “Conduct The Magic Symphony as a CEO” ? I’m really interested in learning more about this. Thank you in advance!
Garry your last video on 'both' Platform and Network being the wrong answer. What is your opinion about Market Networks as explained in blog by NFX. www.nfx.com/post/10-years-about-market-networks/
What if I'm in a situation that I'm the CEO, developer, designer, engineer of my infant startup? I can't afford to hire people yet and I can't attract investors because it's wrong to do all myself in this stage?
As a CEO I can tell you for sure I have 2 jobs. Vision of the company and paying the bills! I ran many companies before and for the last 9 months I have been building a Tech startup. I already have my CTO, CIO, and I’m looking for a COO and CFO next. The best book 📖 on business I have ever read is The Emyth by Michael Gerber. It made me understand that building a SYSTEM that your people can operate UNDER is better than building a business that people just operate in. Watch the movie Founder about McDonalds. The McDonalds Brothers were great inventors and technicians they built the Speedy System that operated the McDonalds company however Ray Crock was the better CEO, he franchised and expanded the business. Had they just picked him to run the business the out come would have been a lot better for them. Instead of just turning over the reins to him they just sold him the franchise rights thinking it was not going to work and it was a quick way for them to make money. Had they just given him the CEO job and some equity it would have been a better outcome for them. They wanted to hold on to power and it don’t work. When Ray Crock found a person better with the numbers than him he made that person CFO. When he found a person better with the operation he immediately made them COO. He understood the value of placing the right butts in the right chairs.
2 CEOs is ONLY a better option if the one CEO isn't that great and really needs help... Otherwise, let one of them be CEO and carry out the vision. A chaotic CEO will literally ruin a business environment, so remove them or give them an equal that can offset things. You don't always have the option of just removing them.
Hi Garry! Love your videos! I just want to ask a question on searching for partners. I am currently looking for a tech partner who will share my vision and work with me to make my idea come to life in to an online platform. Do you think it is a good idea to build a prototype webpage/app via online platform like SKETCH and pitch to potential independent software engineers/developers? Many thanks for your time and attention!
Now I know that I'm not the only one who loves to write code and build the product but is doomed to be the CEO. I made that both mistake and I even did the other mistake too! This time gonna be different.
Gotta say this seems like the worst advice I've seen in a video of Garry's. In our company, we chose the CEO based on whose skills, personality, and interests most closely aligned with what we needed. The core idea of this video seems to be "do you have a huge ego? Lean into that, make yourself CEO and figure out all the other stuff later."
Can you give an example of a decision that you weren’t able to make as a result of not being the CEO? Also, how would you go about telling your partner at the time without potentially cannibalizing the company? I’m not too familiar with the day to day of all the roles, but would a split that made you the chairman of the board and your partner the CEO give you more decision making power?
Hi Garry..I am 16 years old and an aspiring entrepreneur and i am currently working on an idea that in my view have a lot of potential, I want to apply for Theil fellowship, and i don't know much apart from what's mentioned on their website and that's not a lot to go with..can you please tell me about it.. Like do's and don't..
This is a really good message. I always believe I should be a CEO because I always feel there is a better way of doing things. Just haven’t taken the leap yet to become one.
I had to have this conversation with myself as well. I did not want the title but if I did not take it. I knew the values and vision for my company would not come true. We might still be successful but lack the hole reason other than money why I wanted to start a company in the first place.
Interesting that needing agency was a criteria. However, isn’t it the case that everyone who wants to be a founder does so because they want agency? Therefore if you have more than one cofounder there is collision?
The day i realize i need to be ceo is when i found it's really me want to fix it while the others don't. Hard time but we keep progress. Hope to get a talk with you one day.
@@GarryTan Thanks for the response ; I guess It's just a matter of finding where there isn't saturation ? I know you're busy ; but if you can tell me what you hate about my app :p . apps.apple.com/us/app/ultimate-ocr-picture-to-text/id1532664424
Dude, I think if you have to ask every question with your co-CEO, then it not good. I was co-CEO of a mining operations, there was a need as one of us has to be in HQ and one of us at the mine, all critical decisions have to be debated with managers (face to face or via email) in order to have consensus with all, and minuted. But for my own startup remote loan syndication system, I am the boss. Keep up your videos.
Loved the video. It's also worth noting that being CEO of a startup, lifestyle business, major corporation are vastly different.. not that one is better than the other, but definitely a different dynamic. It would be great to hear about your experiences or advice on startups going through a pivot or are entering their.... terminal stages.... and what advice you have to navigate these waters? As always really appreciate your content!!
another amazing share! love the list of what CEO needs to learn and do!
1. Get people to follow you
2. Hire and manage people
3. Fundraise
4. Drive the vision
5. Conduct the magic symphony
Thanks for watching!
Really great video, youtube decided for a week straight that I needed to watch this video and I'm glad I did.
Thank you for watching! 🙏
helloyassine Your comments are in almost every video I watch.
The same happened with me. Glad I watched it as well and thanks for making these videos Gary
helloyassine .....bro, drop more videos on the 48 laws of power series. those episodes were amazing
you’re getting picked up by the algorithm! this was randomly recommended to me and i really enjoyed it
Wow thank you Carmelle! 🙏
To me the same 😁
Same here. Keep up the good work Gary. Thank you.
There are no coincidence.
-Master Oogway
@@Gladiator-wy5qb 11111111111¹¹😊11😊¹1¹1111¹1😊1😊¹😊
The second episode in the "both" saga!
Yes, it keeps happening to me LOL
The bad thing is that youtube have a like, otherwise i love your content.
Thanks Gary for sharing your experiences.
I appreciate that
Hey Garry, I've been in the startup world since I left Apple in 2013 and I have to say, this is one of those rare times I've said to myself: "here's someone the community truly needs to listen to, time and time again." I've only ever had this reaction to PG & Siebel over the years. To be sure, many others have been influential, but very few are as succinct and eloquent with their advice as you are. Wonderful content, here's to your continued success!
Wow, that means a lot to me. Thank you. PG put me in the biz and gave me my shot. Michael is a good friend and does amazing work. Lucky to be a part of that.
"You may not be interested in authority, but authority is interested in you."
It's true! Same for politics too.
Elon Musk: *cutting nails while listening to this*
Like Elon would ever click on a video like this :p
Quiz By "YouSum Live"
00:00:18 What mistake did the speaker make during the pitch?
00:01:54 Why is having co-CEOs problematic?
00:02:40 What realization did the speaker have about being CEO?
00:04:49 What should one consider before becoming a CEO?
00:05:10 What skills are essential for a CEO?
00:05:20 Is being a CEO suitable for everyone?
00:06:00 What advice does the speaker give about self-awareness?
Quiz By "YouSum Live"
Great perspective!
First-time founders who are also friends will have initial problems differentiating between their friendship and business relationship. This will also make picking one CEO much harder.
Having an open and sometimes uncomfortable discussion around who will fill the CEO role (and why) should be something founders do very early on.
Yep, gotta get it out there, don't just avoid the conflict.
Garry, thanks! The timing of this one is perfect, exactly what I’m dealing with for the past weeks.
Good luck Jozef, it's a tough topic to get right. It's important for you to think through what is right for you and the team.
Thank you for your reply! I never had a mentor and watching your videos feels like having one. Looking forward to more and wish you all the best:)
I always envisioned myself wanting to be a ceo, but after my first startup experience I’m not so sure. There’s a million problems they get tasked with that I just don’t care about. Domain leader life for me, I want to stay closer to the product
Know thyself!
*Why don't founders hire ceo so that they can have freedom if they want and still be in authority since they are the founder*
That does sometimes happen later.
example; ebay
Example Google
You and your Co-founder did manage to say "both" at almost everything when starting out didn't you Gary😅?
Albeit you did turn out great and one of me role models you probably don't know about.
Thanks Ben!
Pleace Read I need your help 🙏😖
I live in Sri Lanka and Iam 20
I hope to learn programming (web devaloping ) so as a sri lankan is it posible to get a (remote) working job from a another country (U.S)...
I cant find a job because in sri lanka degree is a thing (asiya)..
I am studying for A/l exam currently
Subjects --bio , phycis , chem
It is my 2nd shy 1st shy my resalts was s,s,s ...
I am not sure what will be the resalts this time
( there are 3shy/3 attempts for A/L in Sri lanka 500000 students are sitting for the exam each time only 1000 are qualified for university )
I have no money or a home almost
Watch all your videos and love them thank you for making these videos and giving us the knowledge
Can you plz give me some advice .
Can i get a remote working job as a sri lankan
A grate fan -- Shalitha
Request for Topic: "Which side of your marketplace is more important? Both is wrong."
Hm good one, will think on it!
@@GarryTan Generally speaking the demand side. People generally are lot more open to making money than to spending money. For marketplaces where the seller makes no money, like Uber, sell a dream.
That'd be a great video
One of the sides will be the key asset that will drive growth/adoption of the other side.
For Uber's case, oversupply is their core driver of growth. Having an oversupply will enable them to drive waiting time for consumer down to the lowest possible, which is one of the values that consumers are paying for.
This is not awfully obvious at a glance, and it really requires a deep understanding of market dynamics to make meaningful assumptions.
Felt like you were speaking right into my soul there Garry. About once a quarter I ask myself this same question "why do you want to be CEO?". If I'm honest, it's because I like steering the ship. Even if it means that right now, I'm watching this vid, while eating dinner, and taking a break from reconciling our accounting and will likely commit some late night bug fixes. It's not all glamourous but I think you nailed it when you said it's about "agency".
It’s important to know what you really feel.
@@GarryTan well, I can tell you that I do not feel passionate about accounting and would rather be building... but someone's gotta do it. 🙂
Keep the great content coming! Been a long time Twitter follower, really enjoying this new series.
It's great that RUclips suggested me this video, i was conflicted whether i should be CEO or let my partner take the position..but deeply somewhere in my heart i want to grab that position. And you made me finalise my decision....and can you make a detail video on responsibilities of CEO...
Glad it was helpful!
Hey Garry! I loved your video and I wasn’t sure if I heard this in the video or not, but how if more than one co-founder wants to be CEO, how would you be able to resolve that?
Once again "BOTH" :-(
Haha, yes, I keep doing that.
Hey Gary! Great to see you on RUclips :) I work here now. Excited to follow your channel
Hi Siobhan!! Great to see you here. RUclips has incredible reach in society so glad to see you there fighting the good fight.
@@GarryTan :) let me know if you need anything.
Hi Garry! As a startup owner, I find your channel one of the best (if not THE best) out there. The videos are short, on the point and relevant. I am currently thinking about getting VC investment. I would need about 100-300k USD for the following 12 months to scale my business. As you can see, that range is huge, and it would only cover the expenses of a year. Can you do a video about how much money you should ask for and for how long? Is this a negotiation process like in an Egyptian market, or you either get what you ask or don't? Do the financial plans in Excel and the ratios (like burn rate) matter, or not, and the founders should only focus on increasing the value? Do VCs care about profitability or only growth potential? I would have a lot more questions, but these are the ones that I feel the most important. Hope to hear from you either as an answer, or in a video. Anyway, keep up the good work with your channel Best wishes,
I would work backwards from the outcome that will get you to a seed investment.
On the growth VS profit question. This might help ruclips.net/video/_IftUcR74yY/видео.html
This is been a great videos. It will be great if you can make an video on "how to find an co-founder". How to get a best fit person, compassionate same as you.
BTW I loves your video's ♥️
Great suggestion! Thanks for watching.
I read this story in his book HARD THINGS ABOUT HARD THINGS
It's a great book
Yes sir, thank you to reply
It's just ....so true everything you are saying....I just started looking at your videos...now ...please do more...i'm a ceo of a small startup...from India..
Thanks for your note!
Definately the channel to come for the... Real Lessons 👍
Thanks Garry
Thanks for watching
@Garry Tan, great content!
when i have conversations with potential users, stakeholders, advisors, friends about my startup, they ask me what my "secret sauce" is, and personally, I don't believe in the need of a secret sauce for as long as problem-solvers remain problem and user focused with market as context. Would love to know your views on this general advice or question raised by people.
Salesforce was one of the latest large cap companies that tried the ol' co-CEO idea. It just complicates things. Within our org, we have two co-leaders -- it has worked great for the past few years but now we're transitioning out of it as the business has different needs now.
Yep and investors definitely generally avoid teams that can't figure it out.
@@GarryTan Honestly pretty shocked Benioff tried the arrangement for the time they did it. Just seems out of character.
Always love your video, I was just wondering how can Peter Thiel and Alex Karp be able to be so successful in an I.T. firm when they had different majors in their university? I was just wondering where they learn tech knowledge from...Thanks!
Smart people don’t need a degree or a program to learn things.
True! Im presently a senior in uni and Ive spent 3 years out of four as a student organization’s president for two different orgs. Most presidents only get there in their fourth and final year. Less than 1% of the student body can be a president. In my third and fourth year I ran the same org and I think I had polar opposite styles. In the first year as President of my second org, I was extremely hands on and I think I ended up micromanaging. In my second year, I became hands off and let my Vice Presidents work their magic. In the first year, I was ‘the way’ and in the second year I got out of the way. I dont know if I should be happy or sad that its like this now. On one hand, I’m freer to steer the org towards its vision but on the other hand I feel less in control. I suspect I may have a control issue but I keep it at bay because our members are getting so much more from the organization. I had to learn that no man is an island and that I have to rely on others. Glad to finally have gotten it right on my third try. Its hard to tell if you are the most frustrated when shit hits the fan when you’re surrounded by compentent people meaning that shit rarely hits the fan and when it does, its often handled before they tell you about it.
This is the ever present trade off.
Had a meeting with business partners and that question came up i immediately said it should be me and they all agreed 👍 💯
Nicely done!
I love your videos 👍🏻👍🏻👍🏻
Thanks Maria!
I'm glad I saw this - I'm not at this key decision point in my startup - I'm simply spending time with a potential co-founder. But I feel good knowing my instincts seemed to be point - I don't care about the limelight or being in charge, I love the design and building process - but as Garry says, you need to be able to "steer the ship."
I definitely appreciate Garry is willing to share his "tough lessons" of the past. Thank you!
There are many paths to many destinations.
Hey Garry,
Thanks for your work, it's really helpful. We just about to make this mistake.
So much valuable information condensed in these short videos.
Glad it was helpful!
Garry just continues to drop gems repeatedly, thank you again for another insightful video.
Thank you so much!
My type of quarantine netflix. Thanks for the videos again!
Glad you like them!
I really like your videos. You make me think about things in a certain way. I feel more confident to do it.
You can do it!
Your putting out absolute gold ! Its go good I want to keep it all to myself and not share this , But I am a giver and know this will help you . I EVEN HOPE I DONT HAVE TO COMPETE WITH ONE OF THE FOLKS WHO HAS SEEN YOUR VIDEOS. Thanks mate ! keep posting.
Thanks for sharing my stuff! Growth mindset!
And now he's CEO of YC, wow.
Just checking if you really do answer every comment :)
Haha, yes
Really great lessons here.
Never repeat my mistakes. Create new mistakes.
LOL hopefully
Thank you for framing it as "needing agency" rather than "power hungry." Watching other people screw it up drives me up the wall!
Well it’s the one place where the perspective matters :-)
Its such a good perspective to take on it. Agency is where the magic is, its where amazing things come to life and should be encouraged in ourselves and our leaders.
I read this in Ben Horowitz's book "Hard Thing About Hard Things" where he talked that why having one CEO is important because people below you in the hierarchy need to report someone and get approval.
Truth!
Garry - your production quality has a hockey stick graph :) Goes without saying, ideas have always been bang on ;)
Thanks Suff! Appreciate you
I had a hard time letting go of coding, I loved the feeling I’d get when getting into a zone of prolific productivity and creativity
I am afraid of losing my technical skills. It's a dilemma.
Wonderful video, congrats
You like that both answer lol keep up the great work love watching your video
Yes it seems doable but you do have to choose
This video was published at the right moment. Thank you so much!
So glad!
You’re growing so quickly, Garry! Yesterday I saw you around 19k. Great job!
Thanks! Yes RUclips algo is insane!
You have to choose your role and do what you need to do.
Being CEO is very different from other roles and it isn’t for everyone.
Take on the role that will best help the business and if that means being the CEO to steer the ship, so be it, even if “you don’t want it.”
If you should be the CEO, be the CEO.
Absolutely
That’s ducking true
You and Caya at Slidebean should do a collab!
Hi Garry, I really hope you see this comment and respond.
I have an idea which I will like to develop but the issue is I know nothing about programming, I’m thinking of giving it to a developer to create. I’d like to know your thoughts on this, do you think giving it to a developer affects the products and me not knowing a thing about programming and not in the science related field will affect taking my product to greater heights?
Thank you.
You need cofounders to make something that matters. A ten year overnight success can't really happen with part timers or contractors. Granted working with a contractor to make the idea is better than doing nothing, and people have made it work, it's just quite rare and not something I recommend.
Better to learn to code. Life is short but not that short. You are likely to get decades of value out of being able to code, if not only because you can hire and work with better engineers.
@@GarryTan Thanks Garry for the swift reply, this clears up so much for me and will try working on coding and see how I go. I have always seen coding to be very difficult but I guess nothing good comes easy and plus it would be a great skill throughout my life.
I really appreciate your time for responding.
Hi. Thanks again for an informative video. Whats your contact details for venture capital work. Thanks...Mr Kwazi Mnyandu South Africa.
I recently subscribed yo your channel and I have found myself binge watching all your episodes instead of working haha! Love the content
Another "Both" mistake 🤣..... note to self when pitching..... think 5.... nope make that 10 times before saying "Both"
dude this is really good. Thanks!
Glad you like it!
Great content 👌..... I learned a lot from you than others on RUclips.
Another great video! Thanks Garry. I wished this video was around for my x-cofounder to see when he argued to have equal decision making at every level. It hindered the company until it eventually suffocated and died. It was a great lesson for me.
Thanks for sharing. That must have been a hard experience.
This is my favorite channel now.
I love learning about others mistakes so I don't make them?
That's the best way
@@GarryTan I hope to work with you one day Gary.
Really really great content. Do you have any in depth videos about the subject “Conduct The Magic Symphony as a CEO” ? I’m really interested in learning more about this. Thank you in advance!
Garry your last video on 'both' Platform and Network being the wrong answer. What is your opinion about Market Networks as explained in blog by NFX. www.nfx.com/post/10-years-about-market-networks/
What if I'm in a situation that I'm the CEO, developer, designer, engineer of my infant startup?
I can't afford to hire people yet and I can't attract investors because it's wrong to do all myself in this stage?
As a CEO I can tell you for sure I have 2 jobs. Vision of the company and paying the bills! I ran many companies before and for the last 9 months I have been building a Tech startup. I already have my CTO, CIO, and I’m looking for a COO and CFO next. The best book 📖 on business I have ever read is The Emyth by Michael Gerber. It made me understand that building a SYSTEM that your people can operate UNDER is better than building a business that people just operate in. Watch the movie Founder about McDonalds. The McDonalds Brothers were great inventors and technicians they built the Speedy System that operated the McDonalds company however Ray Crock was the better CEO, he franchised and expanded the business. Had they just picked him to run the business the out come would have been a lot better for them. Instead of just turning over the reins to him they just sold him the franchise rights thinking it was not going to work and it was a quick way for them to make money. Had they just given him the CEO job and some equity it would have been a better outcome for them. They wanted to hold on to power and it don’t work. When Ray Crock found a person better with the numbers than him he made that person CFO. When he found a person better with the operation he immediately made them COO. He understood the value of placing the right butts in the right chairs.
I have been binge watching your videos
Thanks for watching!
SAP just tried the Co-CEO after McDermott left to go to ServiceNow....that arrangement failed after just a few short months.
Your channel is good for my soul.
Wow, thanks! I'm trying :-)
I appreciate the down to earth perspective context and realty of the content it is up there with best.
Just trying!
2 CEOs is ONLY a better option if the one CEO isn't that great and really needs help... Otherwise, let one of them be CEO and carry out the vision. A chaotic CEO will literally ruin a business environment, so remove them or give them an equal that can offset things. You don't always have the option of just removing them.
Hi Garry! Love your videos! I just want to ask a question on searching for partners. I am currently looking for a tech partner who will share my vision and work with me to make my idea come to life in to an online platform. Do you think it is a good idea to build a prototype webpage/app via online platform like SKETCH and pitch to potential independent software engineers/developers? Many thanks for your time and attention!
Now I know that I'm not the only one who loves to write code and build the product but is doomed to be the CEO. I made that both mistake and I even did the other mistake too! This time gonna be different.
You live and you learn!
Gotta say this seems like the worst advice I've seen in a video of Garry's. In our company, we chose the CEO based on whose skills, personality, and interests most closely aligned with what we needed. The core idea of this video seems to be "do you have a huge ego? Lean into that, make yourself CEO and figure out all the other stuff later."
One day you’ll help fund my cannabis business Garry. Thanks for the words they were insightful it felt like you were speaking directly to me.
Can you give an example of a decision that you weren’t able to make as a result of not being the CEO?
Also, how would you go about telling your partner at the time without potentially cannibalizing the company?
I’m not too familiar with the day to day of all the roles, but would a split that made you the chairman of the board and your partner the CEO give you more decision making power?
The "care for the audience" atmosphere in this video is amazing👌
Here to help
@@GarryTan Hello
Gary, great video. What about product? Can the CEO also be involved in product like Elon and Steve were?
Hi Garry..I am 16 years old and an aspiring entrepreneur and i am currently working on an idea that in my view have a lot of potential,
I want to apply for Theil fellowship, and i don't know much apart from what's mentioned on their website and that's not a lot to go with..can you please tell me about it.. Like do's and don't..
This is a really good message. I always believe I should be a CEO because I always feel there is a better way of doing things. Just haven’t taken the leap yet to become one.
It's a personal choice and only you can be sure!
One of the most inspiring videos I have seen! THANKYOU!
Thank you!!
I AM C.E.O
Garry Tan = most watchable RUclipsr ... period.
What a great intro. Editing is really improving. Crushing it!
Haha thanks Rob 🙏
How are you able to do everything , this guy possibly has a time machine 🕵️♂️😄
I had to have this conversation with myself as well. I did not want the title but if I did not take it. I knew the values and vision for my company would not come true. We might still be successful but lack the hole reason other than money why I wanted to start a company in the first place.
Very informative. Thanks for sharing your experience Garry!
Interesting that needing agency was a criteria. However, isn’t it the case that everyone who wants to be a founder does so because they want agency? Therefore if you have more than one cofounder there is collision?
The day i realize i need to be ceo is when i found it's really me want to fix it while the others don't. Hard time but we keep progress. Hope to get a talk with you one day.
Please how do you recruit good colleagues for your startup. Thanks❤
Is software development saturated/too competitive ?
No way, it's just getting started. Most businesses in the world use very little real software.
@@GarryTan Thanks for the response ; I guess It's just a matter of finding where there isn't saturation ? I know you're busy ; but if you can tell me what you hate about my app :p . apps.apple.com/us/app/ultimate-ocr-picture-to-text/id1532664424
I really love your channel!! :)
Thank you so much!!
These are great videos!
Thank you!
I'm glad RUclips recommended me to your channel yesterday. Really valuable content!
Glad to hear it!
May I ask what are the camera lighting and audio device you used? Thanks!
Thank you Garry. Learning so much from your videos.
We are ready to pitch!
New unique technology!
Wow, this was amazing. Awesome video Garry! I'm a product designer also in the bay area. Cool to see another youtuber here.
Dude, I think if you have to ask every question with your co-CEO, then it not good. I was co-CEO of a mining operations, there was a need as one of us has to be in HQ and one of us at the mine, all critical decisions have to be debated with managers (face to face or via email) in order to have consensus with all, and minuted. But for my own startup remote loan syndication system, I am the boss. Keep up your videos.
Thanks for sharing your experience!
Wonderful content as always. Unicorn here I come
Loved the video. It's also worth noting that being CEO of a startup, lifestyle business, major corporation are vastly different.. not that one is better than the other, but definitely a different dynamic.
It would be great to hear about your experiences or advice on startups going through a pivot or are entering their.... terminal stages.... and what advice you have to navigate these waters?
As always really appreciate your content!!
That's awesome feedback 5, hope fully he makes a video on this topic!