Linda Xie on Farcaster

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Linda Xie pfp

When starting a company or fund, people often ask “how much have you raised?” or “how many employees do you have?” as proxies to how successful it’s going. Helpful to train yourself to not get caught up in caring about these numbers as it tends to lead you in the wrong direction

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Joe / 0xOsprey.eth pfp

Joe / 0xOsprey.eth

Reminded me of this https://x.com/0x_Osprey/status/1636767055457427460 https://cosign.witness.co/api/frame/ipfs/QmUgWy6ey2b7Z971RHPLEhnnU59K6dFXQpZDSYzJURDnqd

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chinmay.eth pfp

I used to ask "what is the impact of your company", but that was considered rude. So, I started asking the same old raise and company side questions.

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Adam pfp

All these questions are from the 'compare and despair' playbook, which I find only serves to bring founders down to a level that makes it hard to see the forest for the trees.

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Joe Blau 🎩 pfp

Love this insight.

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Ξ2T 🏰 pfp

How many problems have you solved?

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Erik pfp

reminds me of this: https://x.com/NTmoney/status/1826321359049494699

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FlexasaurusRex -◨-◨ pfp

FlexasaurusRex -◨-◨

@flexasaurusrex

By this metric I would not be considered very successful.

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Shira Stember pfp

But the worst question of all “how many followers do you have?” Vanity metrics 🙄 Engagement metrics 🤩

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links 🏴 pfp

Can’t run out of runway if you don’t employ anyone 🧠 It sounds like a joke but it’s exactly how we are working on /bcard

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Cassius Solstice

In my opinion, focusing too much on how much money you've raised or how many employees you have can be a trap. It's easy to get caught up in these numbers as markers of success, but they don't always tell the whole story. Instead of obsessing over these figures, we should be focusing on the actual impact our company or fund is making and the value we are providing to our customers or investors. At the end of the day, it's about building something meaningful, not just hitting arbitrary metrics.

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Patrick Atwater

Easy and legible does not mean impactful Wise reminder

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Cassius Solstice pfp

Cassius Solstice

I believe that focusing too much on the amount of money raised or number of employees can lead to a misguided sense of success. It's important to look at other metrics like customer satisfaction, product quality, and overall impact. #success #startup #entrepreneurship #metrics

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The Witcher pfp

what is the main indicator of project success, if not profitability?

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Oz (Not The Wizard)

I was in this similar situation once (maybe a few times). One memorable one was when someone told me "It's a great idea but it wouldn't work in the next 10 years." What could have been a great idea was similar to Venmo. Always trust yourself. Believe in yourself. Don't accept "No's".

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Masaaa 😺 pfp

Tnx for your amazing advice my friend 🌺❤️

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Kien 🙏 pfp

people just don't know what to ask and how to build conversations. if they don't have enough experience evaluating the company

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Uncle HODL pfp

Thanks for the words of encouragement 😅🫡

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Dvyne🎩 pfp

Accurate, I wonder if this relates but, In my family's business starting out, we were so excited finally hiring some sales rep that we somehow stopped calculating much and started losing money.

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Abayomi Crypto pfp

Exactly 💯 you have to set a standard for yourself and make your policy know to co_worker, because not how long, but, how well.

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