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is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written 6 books on investing. His latest book is . You can follow him.
I'm writing this white sitting in a hotel room. To my left is the Pacific Ocean and all the magical San Francisco fog stuff people kept whispering to me about. About 12 floors downstairs Claudia is doing yoga in the gym.
About four feet directly behind me is a woman that is a complete stranger to me who is having an unbelievably long orgasm. There's a wall between us. Hold on a second while I take a glass and listen against the wall.
If there was no wall there then this whole thing would probably have been pretty awkward. I probably would not have been able to keep staring at the computer screen, for instance.
Sex is like driving. In polls, nine out of ten people think they are “above average”. Let's say for a second that “average equals median” (I don't want to get into basic math arguments in the comments). Clearly, then, it's impossible for nine out ten people to be above average.
It's also like sales or negotiating or poker or being “a good judge of people”. Nine out of ten think they are above average.
Most people have overinflated views of their performance in a variety of areas.
Let's go back to Malcolm Gladwell's book, “Outliers” for a second. To guarantee being among the best in the world at something you pretty much need 10,000 hours of practice as per his “10,000 hour rule”. He cites the Beatles as an example. They were basically average, then they put in their 10,000 hours by playing 24 hours a day for a few years in German strip clubs and then they became the best band in history. You can argue Bobby Fischer was a fairly average chess player until he put in his 10,000 hours. Then he was the best in history. My friend Ylon made nothing in poker for ten years then suddenly made $3 million and was among the best in the world. He put in his 10,000 hours. (See,
You don't have to be the best in history to be above average. But most things that are worth doing (being an entrepreneur, amassing a good amount of money as a result) have a very steep learning curve and then it flattens out. So maybe 1000 hours gets you better than most people (above average) and then the next
hours gets you to be the best in your circle of colleagues (i.e. good enough to make a great living at it) and then from
hours is the subtle refinements that are needed to be the best in the world.
They require 5000 hours precisely because they are unobvious and subtle.
But that's ok. Who cares about the other 5000 hours. It's the first
hours that are the most important. We need to feed our families and then be able to enjoy life. Not everyone needs to be the Beatles (who, its unclear if they were ever truly happy) or Steve Jobs (who was screaming on the phone at Eric Schmidt months before his death about how much he was going to sue Google for stealing the Android operating system). (See also, “
Based on my own experience being an entrepreneur and talking to hundreds of other entrepreneurs,
hours experience is what's needed to be a successful entrepreneur. Successful enough to build a product people want, get revenues, sell the business.
It's nice to have the
hours in your passion or field of interest and then spend the next 10,000 hours focusing on how to be happy and healthy. This is my recommendation at least.
What do you do during those 5000 hours. How do you get better at something? If you are doing any of the below then you have my permission to clock in on the 5000 hours, but I think the below have to be done with balance. You can't do one without the others:
Experience. The Beatles would never have gotten good if they just read books about music. Tiger Woods started swinging the club (i'm being literal) when he was three, etc. If you want to be an entrepreneur, start coming up with ideas now, ideas that are doable with limited resources. Start doing them, start selling them to customers, investors, acquirers. Just start.
Self-analysis. Thinking about what you are doing and coming to logical conclusions about how to be better. For instance, in poker, reviewing the hands you played that day and thinking of ways you could've played them differently.
Tutor/Mentor. Every great chess player has had a teacher. I don't really think there are any exceptions to this. That probably goes for most games, sports, or anything that's difficult to get good at (race car driving, etc). Most entrepreneurs I know have had mentors. For myself, I worked at a big corporation before I was an entrepreneur. The corporation: HBO / TIme Warner, is one of the best-run mega-corporations out there. The corporation itself was my business mentor (“corporations are people, my friend” – Mitt Romney). I've also spent a lot of time with one of the
History. The Beatles clearly studied the music of Elvis. They probably also studied jazz from the 20s. My guess is they also studied the art of the fugue from Bach. Bobby Fischer once disappeared for a year (as a 13 year old) and studied every game played in the 1800s. When he resurfaced he had subtle improvements on obscure chess openings (the Latvian Gambit, for instance) that were last seen at high-level play in the 1800s. A great example of his knowledge of the history of chess is how he secured a draw in the last game of the Fischer-Spassky match when he transposed a complicated very modern Sicilian Defense into an old, drawish Scotch Gambit to secure the draw and win the match.
Talking. Associating with not just tutors but other serious students of the field you are interested in is a good way to exchange ideas, synthesize the ideas you have about the field you are in with the ideas you have, mate them, and come up with new ideas that neither of you would've thought on your own. The collaboration between Lennon and McCartney being a great example of this. The collaboration between Brin and Page being a modern entrepreneurial version of this. (See, )
Failure. Learning from your accidents (“I will no longer drive through a Stop sign”) catapults you through the learning curve very quickly. My kids often give up instantly when they lose at something. That's ok. They just aren't interested. But once you find something where you pick yourself up and you say, “I have to do better next time.” Then you know you are onto something – a passion, a dream, the field where you can become a grandmaster, the field where you can become an entrepreneur. It's a secret you learn about yourself and you can be privately proud that at last you have found the area where very few people will be able to compete. 99% of people give up after a failure in a field. It's the best filter that will tell you that you will eventually succeed. Then, once you fail and want to learn from it – go to #2 above – Self-Analysis, and begin anew.
Explore. How do you get to be a great computer scientist? Study biology. How do you get to be a great investor? Study music. Ideas mate with each other and then evolution will get rid of the deformed offspring and keep the offspring that quickly adapt to the new generation of trials. The only way to have those offspring in your hands is to fully explore brand new fields and make the connections, correlations, causations between the field of your interest and the new field you are studying. I would like to get good at meditation, for instance. What I have found recently is that studying quantum mechanics provides unbelievable insights that I would not have dreamed of. Or being a good daily blogger – I found that studying
Balance - In the post, the ,
I list nine things that could get in the way of success for entrepreneurs but it really applies to any endeavor. Avoiding the nine obstacles of: sickness, doubt, vacillating, etc
Then the question is: why do I need to be great at anything. Can't I just get by? Sure, but then you probably won't have as much fun in life as the woman with the forty five minute orgasm who is presumably sleeping blissfully just four feet from me.
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Join 100,009 other followers未完成孙陶然、王峰教你创业：如何成为商界未来之星
【编者按】日，《中国企业家》杂志社社长何振红与蓝港在线创始人、董事长兼CEO王峰，拉卡拉支付有限公司创始人、董事长兼总裁，代表&&群体做客新浪微访谈，与您共享他们创业途中的思索、成就、困惑。
【如何创业】
孙陶然：创业就是做买卖，寻找刚需
创业就是做买卖，找到用户需求，做出用户愿意买的产品，找到办法持续地产品卖出去。所以开始创业要从找到用户需求和做出用户愿意买的产品开始。时代好坏都有好公司也有坏公司，关键是能不能找到用户的刚性需求和能不能做出能够显性满足这个刚需的产品。传统行业也好新经济也罢，创业的核心都是一样：做买卖，做出有人愿意买的产品，找到持续卖出去的方法。王峰：创业首先要专注，然后要找到好产品、好服务、好口碑
创业找准自己的市场卡位，做这个细分市场的第一位。说白了，就是专注。这两个字说起来容易，做到很难。再者，&好产品就是好生意，好服务就起好营销，好口碑就是好品牌。&例如，王者之剑大火，确实满足了智能手机时代重口味玩家的需求，打造过程很艰苦，也充满乐趣，简单说就是尊重玩家、复合式创新者。
【创业者应该具备哪些素质】
孙陶然：创业者要自我进化
对用户、团队、投资人的责任和不甘人后的好胜心是支撑我不断自我进化的源动力。
王峰：创业团队中老兵、新人一个都不能少
我个人的看法是，老兵、新人两者同样重要。如果没合作过，磨合期的时间成本很高，蓝港的高管几乎都是自身培养出来的。但如果一味都是老人，没有新鲜血液补充，企业的治理就很难提升档次。所以，老兵、新人一个都不能少。王者之剑团队的具体架构请恕暂时保密。
【创业过程中的坚持与转型】
孙陶然：创业要分清坚持与维持，创业者卖掉自己的项目或者IPO都没什么错
创业路上坚持是必须的，但是维持是没有意义的，创业者要分清楚自己是在坚持还是在维持，是坚持就坚持，是维持就果断关停并转。
对于创业者而言，创办一个企业最终卖掉或者持续自己经营下去，都是正常的选择，都是不错的选择，我此前创办的企业也有卖掉的，但拉卡拉不会卖，我们会独立上市。
王峰：转型就一句话：心够决
我不喜欢故弄玄虚，老实说王者之剑iOS下载前三、360等主要安卓平台下载第一，有进入时期早、产品体验好、游戏题材的原因，但主要因为这是蓝港转型手游的第一款大作，整个公司都扑上去，这就是专注的力量。转型手游没什么秘诀，就一句话：心够决。
【创业的力量】
何振红：近距离观察创业者，首先是感动，他们对于梦想的执着，非常动人。那些创业成功的人，往往是对梦想坚持下来的人，他们在创业的过程中遇到过各种各样的困难，但都坚持了下去，那些坚持到最后的人，就是成功的人。很多人创业失败，其实就是对于原创梦想的放弃。
孙陶然：梦想是创业的唯一理由，只有为了梦想的创业才能支持创业者克服千难万阻不断前进。
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