Building Confidence In Yourself and Your Ideas

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  • Опубликовано: 17 дек 2024

Комментарии • 130

  • @chapterme
    @chapterme 9 месяцев назад +20

    Chapters (Powered by ChapterMe) -
    00:00 - Coming Up
    00:16 - Intro: How Fast Is Too Fast?
    00:26 - Rigorous Thinking: Very Low Effort
    02:10 - Superficial Validation: LinkedIn spam no one wants
    02:52 - PM training for user research hinders sales success
    03:26 - Coming from big company: You have never solved your problem
    04:09 - People Pivot Quickly: Don't Build a Muscle of Building Conviction
    05:52 - Founder Personality Traits: Conviction
    06:57 - What Conviction Means?
    07:40 - Investors Horrible Ideas ≠ Bad Startup Idea
    08:26 - YC founders mistakes: Fear and fake information
    10:03 - Fear: False Expectations
    11:00 - Sales techniques learned in previous jobs
    12:52 - New YC Standard Deal
    13:33 - "Pivotitis": Bad Case
    14:01 - Random Walk: Not getting anywhere
    16:11 - A Useless MVP: Launch a product that help no one and then pivot
    16:49 - Definition of MVP: Someone should use your MVP
    17:36 - YC Application Tips for Developer Tools
    18:20 - Earnest point: Using your own tool and making one customer happy
    19:40 - Summary
    20:56 - Outro

    • @george_davituri
      @george_davituri 9 месяцев назад +1

      ChapterMe is backed by YC ? 🆒⭐️

    • @chapterme
      @chapterme 9 месяцев назад +1

      @@george_davituri Not yet! YC is one of our 2000+ customers 😀

    • @chapterme
      @chapterme 9 месяцев назад +2

      @@george_davituri Not yet! YC is our customer 😎

    • @george_davituri
      @george_davituri 9 месяцев назад +1

      @@chapterme it's also progress - great achievement. 👍

  • @TheUrbanFight
    @TheUrbanFight 8 месяцев назад +24

    I am a simple person. I see a Dalton+Micheal video, I click.

    • @Chibuike_D._Nze
      @Chibuike_D._Nze 6 месяцев назад

      You said that in the last video now I subscribed to you channel 😅

    • @nerdycap7513
      @nerdycap7513 6 месяцев назад

      I am simpler than you. I see YC, I click.

  • @msolomonbush
    @msolomonbush 9 месяцев назад +155

    Putting people on pedestals is a confidence killer. Assume every one knows something you dont, and that you know something that no one else does.

    • @mathewjohn5498
      @mathewjohn5498 9 месяцев назад

      Yaas👏

    • @thepumpkin1979
      @thepumpkin1979 9 месяцев назад

      This is a great advice, do you have a source so I can read further?

    • @msolomonbush
      @msolomonbush 9 месяцев назад +3

      @@thepumpkin1979 lol I don't have a source, it just came from my brain. :)

    • @wandilekhumalo7062
      @wandilekhumalo7062 9 месяцев назад

      ​@@msolomonbush I thought the same thing, would love to read more from you😮

  • @yamilletrivas8041
    @yamilletrivas8041 9 месяцев назад +43

    Right now my biggest motivation to get into YC is just to meet these two. To say that I enjoy The Dalton and Michael show is an understatement! I love it! I learn things, I laugh a LOT and I apply some of the lessons to my current work at a Non-profit! This is a treasure.

  • @ambi7
    @ambi7 9 месяцев назад +9

    Just want to say, all of these videos offer so much valuable information.
    Truly one of the best resources out there! They usually give me a good laugh as well. Cheers Dalton and Michael!

  • @marksfolly123
    @marksfolly123 9 месяцев назад +9

    I think this is prob their best vid. At least of the ones I've seen. It's pretty insightful just how relatable the SV bros are in building their startups vs everyone else. They might have more backing and better advisors, but they really are the same as the rest of us.

  • @donghokang3634
    @donghokang3634 9 месяцев назад +20

    That MVP definition part was a GOLD to me. Thanks. Serve 1 person.

  • @IsaMutlib
    @IsaMutlib 9 месяцев назад +37

    Michael's laugh in x1.5 is worth a listen haha

    • @K70-y9k
      @K70-y9k 9 месяцев назад

      Give us the timestamp

  • @Greenmanjim
    @Greenmanjim 9 месяцев назад +5

    Described me 100%. Spinning wheels instead of improving the product. On another note, this is like Weekend Update for YC. Love it.

  • @grammar_shark
    @grammar_shark 9 месяцев назад +2

    I love this episode of Dalton & Michael. Packed full of powerful insights, applicable not just to software focused start-ups, but innovative businesses of all kinds. Thanks so much for continuing to put out this amazing content.

  • @karenperezchatu8990
    @karenperezchatu8990 9 месяцев назад

    Sometimes all the information can be overwhelming, it was nice to hear those two brilliant people talking about confidence in yourself. It keeps me going!.

  • @sharath_9246
    @sharath_9246 9 месяцев назад +10

    Dalton & Michael Really Shows The Direction To Travel For Aspiring Founders By sharing Their Experience!

  • @hafizietarmizi9068
    @hafizietarmizi9068 6 месяцев назад +3

    So my key takeaway is to develop mvp that solves your own problem, then you will start solving other people problem of similar niche organically

  • @devangsinghi7828
    @devangsinghi7828 9 месяцев назад +1

    This is the best video that I've seen till now. This is what I needed right now. Thanks for making this!

  • @thatryanp
    @thatryanp 9 месяцев назад +2

    This was SPOT ON. Low conviction, to cool for school, can't see the user's reality through my own desire to build a business.
    Can I get a witness? ✋

  • @Eltonlin1998
    @Eltonlin1998 9 месяцев назад +3

    I wish they were more explicit on what a good rep is, rather than define what a bad rep is. But I’ll try to be specific so you guys can correct me:
    - A MVP that actually delivers an overall positive value (even if only in a small way), sanity check is you use it yourself - goal of MVP is it let’s you talk to a non-zero number of potential customers rather than talk to nobody
    - A sales effort that is high quality (heuristic: it’d work on you, the leads are decently qualified but diversified, volume is high (100+ views at minimum, 10000 views not ridiculous for internet/email launched, 1-10 is maybe enough to iterate at least if you already got qualified leads willing to talk to you)
    - if pivoting, having concrete invalidation facts (sometimes customer will literally explain why they don’t want it), or actual thesis and articulated theory of why people don’t want it (you observe their actions in unique scenarios due to your launches and conversations)
    - judgment not affected by irrelevant experts e.g investors who don’t engage, peers who don’t engage, anyone who doesn’t care about the details of the market

  • @TheRonellCross
    @TheRonellCross 9 месяцев назад +3

    I wish I could've gotten this advice years ago. Thanks for sharing this content. The world needs more of this.

  • @codisfy
    @codisfy 9 месяцев назад +2

    Summary
    Engaging in thorough thinking and effort. For example, speaking to 25 startups and getting rejected might make you think your idea is bad, or sending 1,000 emails without a response might lead you to the same conclusion.
    If you come from a large company, you might not have solved your own problems but rather those of others.
    Ask yourself if you are doing high-quality repetitions. Are you putting in the right effort in the correct amount?
    You need to convince yourself that it is a worthwhile problem to solve.
    If you have low conviction, you are likely not going to succeed.
    People who are "too cool for school" might just pivot until they run out of momentum.
    Fear can hold back people who are analytical and good thinkers in their jobs but not in their startups.
    "Pivotitis": pivoting without gaining knowledge, essentially doing a "Random Walk."
    Some would pivot only after launching a useless MVP that no one wants and doesn't work for even one person.
    Avoid having expectations that lead you astray.

  • @lam1736
    @lam1736 4 месяца назад

    4:42 oh my god you don't know how much i needed this right now. i just received 0 response after messaged many peoples about my business survey. i really think my business won't work. than this audio play literally i at the right timing. thanks god i listen to this video instead of sabrina carpenter songs.

  • @ghulamurtaza_
    @ghulamurtaza_ 9 месяцев назад +1

    Dalton & Michael Videos make me wonder how useful YC must be. Because literally everyone else will tell you opposite of what they're sating and so if you're not in that environment it's so easy to get off course. Hope we make it to YC for summer24.

  • @davidbellamy3522
    @davidbellamy3522 9 месяцев назад +3

    So how does one know for sure when they have Pivotitis? What if the ideas they have worked on turned out to be genuinely bad (e.g. can’t make a product much better than the incumbent). What if this happens several times in a row. Is that still Pivotitis or is that just failing fast? If one feels like they’ve understood why an idea is bad, then pivots, is that a bad rep or does that count as gaining knowledge and therefore is a good rep?

    • @ithinkwong
      @ithinkwong 9 месяцев назад

      Maybe the focus is too much into the product rather than the customer. If you built a product that doesn't solve the customer problem that doesn't mean the customer problem still doesn't exist.

  • @Somewhereiwouldrelax
    @Somewhereiwouldrelax 9 месяцев назад +9

    I feel like this conflicts with their previous advice to validate an idea before building

    • @YELuckyPictures
      @YELuckyPictures 9 месяцев назад +5

      I have listened to many of their chats it's always full of contradictions. Which leaves aspiring entrepreneurs who hangon to every words YC saysin more of a limbo that find any clarity.

    • @Tor1smo
      @Tor1smo 9 месяцев назад +4

      Hm, they criticize the approach but offer no practical next steps either. Say if you're doing B2B, you're basically limited to cold emailing, paid ads, content marketing, and social media. So you try these things and they don't work. What do you do?

    • @dontich
      @dontich 9 месяцев назад

      Their answer in the example is they don’t have the solution - the job of the founder is to think of things that would potentially work to sell to people like them. Tons of other options - email saying you are from a YC company offering cheap demo can work, finding a friend of a friend to vouch for you can work, talking to former colleagues about it can work, industry conferences can work. All just require effort and a significant amount of work.

    • @austin4855
      @austin4855 9 месяцев назад

      It doesn't. They have advised in the past to validate your idea and given many examples of what that means. Their advice in this video can be distilled to making sure you have validated an idea deeply enough before moving on, to examine criticism critically, and that if you have reasons to believe an idea will work and no proof that it won't other than the pessimism of those with clean hands, to try at least building a minimum VIABLE product.

    • @mohammadsultan935
      @mohammadsultan935 9 месяцев назад

      Not really, the point is you should be more actively validating the idea rather than testing it with a small sample of 25 people and giving up. You should be testing and experimenting with different markets, demographics, channels, business models, price points etc... and if nothing is working, then pivot. You need a high-quality, well-executed validation campaign, but that doesn't mean take 6 months to build a product without talking to a single user.

  • @yashS4201
    @yashS4201 9 месяцев назад +2

    takeaway from this video "Believe in yourself and your idea until the rational decision is to pivot"

  • @ericspecullaas2841
    @ericspecullaas2841 9 месяцев назад

    I did the "random walk" but not on pivoting. I did that on working with my mvp. I would go from mvp to pitch deck to financial planning to figuring out what my product needs. But since I'm 1 person doing it all it kinda has to be that way. When you work for yourself you have to be able to bounce back and forth all the time I know this from experience working at my dad's business.

  • @ordinarygg
    @ordinarygg 9 месяцев назад +1

    17:52 is do you use it yourself, 50% of startups failing miserably)) videos are brilliant, I really don't know why all of this is free, thank you guys! After 10 years on this market almost everything 99% is true and when you look at CEOs, C-level executives it's sometimes so funny that you want cry next)

  • @jaa928
    @jaa928 9 месяцев назад

    Thanks for the great discussion. The point about "using your own dev tool" is very straightforward and actionable.

  • @gorangagrawal
    @gorangagrawal 9 месяцев назад

    My definition of MVP - Something that fulfils the NEED of a solution for today's problem

    • @JetSoftProHQ
      @JetSoftProHQ 9 месяцев назад

      Your definition of MVP aligns well with the core concept. It indeed should fulfill the immediate need for a solution to today's problem. It's about delivering a functional solution that addresses the essential requirements, allowing for real-world testing and validation.

  • @Marko-qy5eg
    @Marko-qy5eg 9 месяцев назад

    In my experience having conviction is a bit of a curse. I wanted to innovate in transportation. I knew when I started it was going to be a 10 year journey. Trouble is that investors don’t want risk locked into long term investment. I can’t give up on my idea because the numbers are too good.
    Ever since I’ve done a random walk to get something on the scoreboard.
    It’s really hard to do anything that’s not software without $250k in capital. It all comes back to getting over that hurdle.

  • @jasoncheung8407
    @jasoncheung8407 9 месяцев назад

    One way to know if your product is on the right track is to have solved the problem you’re trying to solve and then have been able to replicate that same outcome for someone else using the methods you used to solve your chosen problem.
    Keep repeating this replication process and you’ll have scaled a solution (perhaps without code but by teaching your users how to solve their problem), which can then help you understand how to build the right product.

  • @jks9x
    @jks9x 9 месяцев назад

    Refreshing and well timed perspective. One of your best

  • @reindertvetter
    @reindertvetter 9 месяцев назад

    This is the best Y Combinator video!

  • @me.account9690
    @me.account9690 9 месяцев назад

    How do we secure fund, especially for a pre-seed and seed? Because some investor they are preferring investing on startup
    1) with revenue
    2) absolute market transformer
    3) a product sample
    Etc

  • @a__f
    @a__f 9 месяцев назад +1

    Liron Shapira has a great blog post about the "help at least one customer" idea!

  • @bxny_
    @bxny_ 9 месяцев назад +1

    Mad sauce appreciate y’all💯

  • @bobseger-uj1qt
    @bobseger-uj1qt 9 месяцев назад +1

    I have a query: How to start a company where I sell ideas, my "PRODUCT" is my "IDEA/SOLUTION." Now how to start a company like this, and how to make a clientele. Any tutorial videos on this would immensely help.

    • @visheshgupta4990
      @visheshgupta4990 9 месяцев назад

      Even honestly bro I want to start a company like that I have alot of ideas , pretty good one , I can bring innovative solutions to the problems .... I also want to know if we can do something like that ....
      I think we can open a consultation services specialized in idea suggesting ...

  • @marionogueiraramos9488
    @marionogueiraramos9488 9 месяцев назад +1

    it's been while since the last actually useful video before this one

  • @thatryanp
    @thatryanp 9 месяцев назад

    Believing you are capable of finding and solving a market problem is not the same as developing conviction around a market oppty. I walked into the gym without knowing how lifting actually worked (despite watching nearly every YC vid), and seriously injured my confidence I could ever build a business.
    This work is HARD. Use your brain 🧠 before starting is all I can say

  • @niccolosenni1110
    @niccolosenni1110 9 месяцев назад

    what software do they use to show the chapters of the video on the side?

  • @carlatashkadeh5890
    @carlatashkadeh5890 9 месяцев назад

    Thank you Dalton & Michael!

  • @deoarlo
    @deoarlo 9 месяцев назад

    15:00, dont confuse movement with progress

  • @monzermasri4490
    @monzermasri4490 9 месяцев назад

    love to listen to those two smart people.

  • @hustlin_heev
    @hustlin_heev 9 месяцев назад

    I always wondered why the term pivot is used to switch to something completely different. IMO "a pivot" is trying something new in the same space/domain, or relaunching your MVP to solve a different problem for the same customer... Going from one thing to something completely and utterly different is just a "new idea"

  • @infrawiki
    @infrawiki 9 месяцев назад +3

    fear is the mind-killer

  • @biccsdev
    @biccsdev 9 месяцев назад +1

    00:06 i felt personally attacked 🤣

  • @dwrtz
    @dwrtz 9 месяцев назад

    i feel called out! love this series

  • @gsuuon3388
    @gsuuon3388 9 месяцев назад

    Where's the line between conviction and stubbornness? Great talk!

  • @sylarfx
    @sylarfx 8 месяцев назад

    nice recap! I went through all of the things mentioned here :D

  • @jamespeter1244
    @jamespeter1244 9 месяцев назад +1

    This is really amazing to watch

  • @tarek7451
    @tarek7451 9 месяцев назад

    I exactly needed this. Thank you guys!

  • @lauram14
    @lauram14 9 месяцев назад

    I really love how these two make fun of founders 😂😂 I can feel their frustrations 😂😂😂

  • @phillipchien
    @phillipchien 9 месяцев назад

    I have plenty of new ideas to implement but I need a technical founder that can actually create the product. Let me know if you're interested and we can start communicating soon. If not interested, then have a wonderful rest of your day!

  • @officialrpsgame
    @officialrpsgame 9 месяцев назад

    These videos are so helpful believe it or not thanks

  • @srslyumang
    @srslyumang 9 месяцев назад

    always love these videos

  • @startup_talks_de
    @startup_talks_de 9 месяцев назад +5

    Even though I appreciate the wisdom in these videos that give you some high level advice, they are not tangible or specific enough to get some conclusion. For eg. They told about people giving up after a mass LinkedIn outreach and laughed(common practice done by many founders) But they never gave a specific example of someone who did that > failed > talked to these guys > took YC advice > did something different > succeeded. Like that is what the viewers really need. Not the laughs.

    • @TheBoysies
      @TheBoysies 9 месяцев назад

      Yes I agree 100% with this. I wonder if they need to really hone in on this. Like who are they aiming these videos at?

    • @startup_talks_de
      @startup_talks_de 9 месяцев назад

      @@TheBoysies I think they could give 1 example which will add so much value. I assume that is a conscious top-of-funnel content strategy and like they said in their previous videos, YC founders do have an edge with access to what worked for them in the past.

  • @Friday4
    @Friday4 9 месяцев назад +1

    Thanks for these videos

  • @SeanTechStories
    @SeanTechStories 5 месяцев назад

    This is such a good video

  • @Ollerismo
    @Ollerismo 9 месяцев назад +3

    Some of the timestamps seem to be generated by random walk. They dont provide any Value relative to the conversation. I think you guys can improve on this.

  • @harrison6082
    @harrison6082 9 месяцев назад

    5:53 17:50 I agree. Good point

  • @MichaelChenAdventures
    @MichaelChenAdventures 9 месяцев назад

    super useful love this duo

  • @phasematerialsresearch9319
    @phasematerialsresearch9319 9 месяцев назад

    Working on my form!

  • @Kevin509wisdom
    @Kevin509wisdom 9 месяцев назад

    What does it mean in 'high quality reps'?

  • @purvishkumarpatel5
    @purvishkumarpatel5 9 месяцев назад

    Can somebody let me know, what do they mean when they say "rep"? What is rep?

  • @tompuijpeNL
    @tompuijpeNL 9 месяцев назад

    7:38 you have to have with or without you energy!

  • @vaibhavgeek
    @vaibhavgeek 9 месяцев назад

    This is the best video.

  • @whydiswhydat
    @whydiswhydat 16 дней назад

    So what does one do after 100s of linkedin , emails, phone calls, no one is interested?

  • @valtersilva5386
    @valtersilva5386 9 месяцев назад

    Guys, a small suggestion, instead of the timeline being vertical and taking a considerable portion of the screen, I would recommend making it horizontal, top right with the transparent background, showing the current topic being discussed and the next one. Great discussion by the way, love your synergy!

  • @vlogmoinc5597
    @vlogmoinc5597 9 месяцев назад

    i agree with the conviction part

  • @HAHA-ix9vx
    @HAHA-ix9vx 9 месяцев назад

    Wow!!! Good topic!!!

  • @Hastingsnow
    @Hastingsnow 9 месяцев назад

    Thank you for sharing

  • @quasa0
    @quasa0 6 месяцев назад

    Great video

  • @NilsWestgardh
    @NilsWestgardh 9 месяцев назад +1

    Fear is the mind killer.

  • @doodlebroSH
    @doodlebroSH 9 месяцев назад

    Impressive, let’s see Dan Gackle’s ideas.

  • @Dawn-zg2sq
    @Dawn-zg2sq 4 месяца назад

    Anyone else have a crush on Dalton?

  • @saulescala
    @saulescala 9 месяцев назад

    help one person first, even if its yourself

  • @Tor1smo
    @Tor1smo 9 месяцев назад +1

    Feels like you're just pulling stuff out of thin air now. The goal of an MVP is to test your key assumptions about the product. The product is viable if you think it will test your assumptions. You can have an MVP and not have anyone find it useful. That would still be a good lesson for a startup to learn quickly, hence it's a decent MVP.
    Also, understand that what Y Combinator talks about is aimed at a very specific kind of company where founders often get diluted a ton in the process. It's not necessarily good business advice. How come there's (generally) no mention of being more cut-throat, abusing loopholes, valuing your ownership, etc.? Reader, ask yourself if what you've seen so far in business and professionally aligns with the mellow idealistic stuff discussed here.
    I think most people should just read Lean Startup that popularized MVP, take in the immediately practical stuff, get an intuition for what an MVP is, and just start building. Out of everything I've read, this is the single highest bang for the buck you can get in terms of startup knowledge.

    • @roblake602
      @roblake602 9 месяцев назад +1

      Not necessarily, I have a patent-published MVP that treats human aging Nobody seems to want to believe it.

  • @DomGarzaSR
    @DomGarzaSR 8 месяцев назад +1

    This episode had me LMAOOO

  • @wittyroark
    @wittyroark 9 месяцев назад +2

    Please don't take it the wrong way... your insights are always masterful. But your laughter seems less funny these days..and sounds more condescending.

    • @theokrull1323
      @theokrull1323 9 месяцев назад +2

      Totally agree. Like tune down laughing at how some people make mistakes when founding a company.

  • @vouchandship
    @vouchandship 9 месяцев назад

    I applied at YC and...

  • @sabinkarki_com
    @sabinkarki_com 9 месяцев назад

    So basically pivot based on data, not anxiety.

  • @durgaprasad814
    @durgaprasad814 9 месяцев назад

    Better title "Fear is the mind killer "

  • @alimammadli6915
    @alimammadli6915 9 месяцев назад

    Wow 🤯

  • @GabrielSestrem
    @GabrielSestrem 9 месяцев назад

    In summary: Have you or anyone of your team spent at least 100hours with VSCode open building software?

  • @TheDavidlloydjones
    @TheDavidlloydjones 9 месяцев назад

    I think they mean ardvark.
    But maybe they are geniuses who know what an ardvar is when the rest of us don't.

  • @bilala5260
    @bilala5260 4 месяца назад

    Why he diss Justin Kan like that lol

  • @theokrull1323
    @theokrull1323 9 месяцев назад +2

    I personally think a bit more humbleness and less making fun of how some people make mistakes would suit you very well. Just seems off and unprofessional.

    • @noahkasakaitis7026
      @noahkasakaitis7026 9 месяцев назад

      I'd prefer it stays unprofessional. Plenty of professional advice out there already...

  • @AbhishekPatel-si7uq
    @AbhishekPatel-si7uq 9 месяцев назад

    🔥

  • @onwrdandupwrd5303
    @onwrdandupwrd5303 10 дней назад

    The white Alex Karp and the black Elon Musk

  • @TheGroundskeeper
    @TheGroundskeeper 9 месяцев назад +1

    I’m not a billionaire yet but I’m pretty sure that posting my company information here in the comments is a good start to getting YC‘a attention and make solid business relationships

    • @roblake602
      @roblake602 9 месяцев назад +1

      That's so cool. I'm thinking of posting a link to my YC application...

  • @matthawksworth
    @matthawksworth Месяц назад

    Google Maps = still not an MVP

  • @mittalshyam07
    @mittalshyam07 9 месяцев назад +4

    Anyone else found these laughs unnecessary and irritating?

    • @marksfolly123
      @marksfolly123 9 месяцев назад

      Where there is little laughter there is little success. - Andrew Carnegie

    • @theokrull1323
      @theokrull1323 9 месяцев назад

      Also found it off

  • @Oleg-rs4db
    @Oleg-rs4db 8 месяцев назад

    This is the worst video I've ever seen. No information at all. "Don't send 25 emails and then pivot when no one replies" - what to do then? How to test properly? Guys are raising good question - "What constitutes a high quality rep?" and never answer it. Stupid nodding on useless metaphors and stupid jokes. What is high quality rep? What is high conviction? When to pivot and when stay focused? How many emails? 100? 1000? When change email text or try contacting via different source or change target people? Tired of listening what not to do supported by laughter of approvement. It almost sounds like nervous laugh and distraction for audience when you are not making good job but at least have to forcefully lift a mood of video. What a waste of time to find out that getting rid of fear helps building confidence. What a deep insight!
    I understand that no one has to answer anything, don't claim then that you bring any knowledge.

  • @sauravfx
    @sauravfx 8 месяцев назад +2

    Try to not laugh this much after every sentence. It's hard to take this seriously this way and follow

  • @stojankukrika7242
    @stojankukrika7242 9 месяцев назад +1

    I am missing something... are those guys drugs? They smile like they are on some drug.

  • @stupidgameprizes
    @stupidgameprizes 9 месяцев назад

    AnonymousAardvark42: Let me show you how to shitpost on X to 100 x your revenue..