Muktabh Mayank’s Post

"Sir, some of us don't assign grades to our friends." That's what a user replied after CRED CEO Kunal Shah commented that mediocre people hang out with other mediocre individuals because A+ folks avoid them. In a recent post on X (formerly Twitter), Shah said, "Mediocre people often have a clear tell: you'll often see them hanging out with other mediocre people, probably because A+ folks avoid them." The post, which now has over 1.2 million views, garnered widespread attention. People were unhappy with his remarks and criticized him in the comments section. "Calling all A+ folks! This man is lonely and sad and needs help," a user wrote. "Lol, who grades their friends? Do you maintain an Excel sheet with grades for people you know?" another asked. "You don’t know if someone is mediocre or A+ until you see their character during wartime. Everything else is just superficial judgment and utterly useless," a third commented. "'A+' and 'mediocre' are definitions suited for corporate or organizations and best left there. There is no need to generalize and apply them to the entire population," a fourth remarked. #people #friends #founder #entrepreneur #startup #socialmedia #Indianstartupnews

What is ZIRP, and how did it impact the startup world? If you’ve spent any time on the startup side of Twitter, you’ve probably seen the word “ZIRP” thrown around. Usually not in a positive way; often as a jab. But what is ZIRP? ZIRP stands for “Zero Interest Rate Policy,” and it refers to a stretch of time — most recently throughout the pandemic — in which the Federal Reserve sets interest rates around 0% and commercial banks are able to borrow money for next-to-nothing. These banks want to find somewhere for this money to go — so it can, in turn, make them more money. For a few recent years, that meant a lot of new cash rushing into VC and startups. A rush of money for startups might sound like a good thing, but it’s never that simple. Handled incorrectly, too much money can be poison. In this episode, Dalton Caldwell and Michael Seibel talk about some of the downstream side effects we saw during this stretch: an explosion of unicorns, a surge of new investors, and the impact it had on the way founders think. Tune in 👉🏽 https://lnkd.in/gA4rx6Ga

Only when an expert is capable of answering a question with "I'm not entirely sure" or even "I don't know" I truly trust their expertise. This comes from a Twitter thread about **default rules for life**. I don't do much on Twitter, but get a weekly newsletter from Colby Kultgen called 1% Better, which is always an inspiring read (I recommend it), and this was in it. Some that stand out: ✔ "Pee before you leave." ✔ "Don’t trust anything about how you feel about your life after 9:00 pm." ✔ "Judge people by how they treat staff like waiters and Uber drivers, not by how their boss talks about them." And I like some of Colby's own rules: ✔ Never sacrifice sleep for work. ✔ If you wouldn't say it to a friend, don't say it to yourself. I would also add: ✔ Give credit where credit is due. ✔ Floss regularly. ✔ Move your body. Are you sometimes unsure about something you're an expert in? #entrepreneurship #expertise #smallbusiness

I love this clip of Jack Dorsey discussing his biggest challenge in Twitter's formative years: the absence of reliable data and intuitive dashboards posed a significant obstacle. This knowledge gap sparked speculation, fueling internal unnecessary debates and conflicts that hindered the team's progress. A crucial reminder that data-driven decision making, and clear visualization, is essential for effective collaboration and scaling success. https://lnkd.in/gVT9rCep This is why the 5th Tenet in the 18 Tenets of Awesome Data Teams states: Your job is to build consensus and put everyone on the same page. Find all 18 Tenets here: https://lnkd.in/gTiRpeAc

Founders: Do not give up. Fight for yourself. Failure is not an end, it is the beginning to a new chance to win. Lift each other up. Today I read a thread on Twitter about founders taking their own life. Founders face immense pressure and sacrifice everything to take a chance on a dream. I was saddened to read about different founders who shared similar stories. I am not a stranger to failure and profound sadness from my journey as a founder. But we have to be there for each other and fight for life of our fellow founders. Now more than ever we need to reach out to people in our community who are withdrawing. If we can be persistent with a VC who ghosts, we can absolutely be persistent with people who are closing themselves out. We are all warriors. We are made, we create outselves. And we are made when we rise after every failure. Remember that, and remember to lift your founder friends too. We’re all going to make it.

In 2005, the first sketch of what would become X (Former Twitter) was born, showcasing a simple design concept centered around status updates. At the time, the idea of sharing short, real-time thoughts seemed novel, but it quickly evolved into one of the most influential social platforms. Twitter launched in 2006 and grew rapidly, reaching 100 million users by 2011. This basic sketch laid the groundwork for a global communication network where people now send 500 million tweets per day. What started as a status-sharing tool soon became a key player in shaping news, culture, and public discourse. From a hand-drawn idea to a platform with over 368 million monthly active users by 2023, Twitter’s journey is a testament to how simple concepts can evolve into world-changing technologies. This early sketch highlights the power of innovation and perseverance. #creativity #productivity #futurism #technology #motivation #inspiration #innovation #entrepreneurship #personaldevelopment

In our last Twitter space, Solafunmi Sosanya shared some valuable insights on financial strategies for tough times. Here are some of the key takeaways: ~In this present economy, you need to cut your coat according to your material. Spend within your budget. ~Build multiple streams of income for yourself. Now is not a good time to take on debts. ~The need to belong to an investment community of likeminded-investors like the newly launched Trove Social Community cannot be over-emphasized. #FinancialStrategies #BudgetingTips #MultipleStreamsOfIncome 5. #DebtManagement #Investment #TroveSocial

Jack Dorsey explains how recognizing fortunate situations led to the founding of Twitter and Square As Jack explains, one of the strongest skills you can cultivate as an entrepreneur is the ability to recognize fortunate situations when they’re occurring. When Jack was working at the failed podcasting startup Odeo, he could’ve kept the idea for Twitter to himself: “I could’ve taken that idea, not told Ev [Williams], not told Biz [Stone], not told Noah [Glass] and all my other coworkers at Odeo and tried to start my own company with that idea. But the fortunate situation was that I was working with some really amazing people, and we had a great team. So of course it makes sense to start there.” The fortunate situation that led to Square was when Jack’s old boss Jim McKelvey called Jack about a sale he lost for his glass-blowing business because he couldn’t accept credit cards: “Here he was talking on his iPhone—this general purpose computer, and he couldn’t accept $2,000 from someone who wanted to pay him. Why is that? So we decided to answer that question. We did a bunch of research, and I started writing some server code. We hired a guy to write some iPhone code, Jim built some hardware, and in a month we had a device that plugged into the audio jack of your phone that could swipe a card and take a payment… It really just comes down to recognizing that fortunate situation and recognizing the people around you that could help.” Most people have a hard time getting past the idea stage, but Jack recommends making that idea tangible as soon as you can: “The hardest thing is to get started, and I think the most important thing that I’ve learned is that you have to get the idea out of your head as soon as you have it. Get it on paper and then take it one step further and just show someone… There’s two really good outcomes from that moment: you decide I’m either going to put more resources into this thing, or I’m going to put it on the shelf for a later day—and that’s perfectly admirable. Build a thousand things and then put them on a shelf—you’ll use them.” For example, Jack first had the idea for Twitter in 2000, but it wasn’t until 2006 that he found himself in the fortunate situation of being part of a talented team at Odeo that could help him build it. Video Source: Kevin Rose

This isn’t about hustle-porn. This is about growth. 🌱 Growth doesn’t stop when you have an exit. I confess: after selling our startup to Twitter 3 years into starting-off, I felt lost.  It wasn’t founder-depression as much as it was «dreamer depression ». I suffered from a deep lack of inspiration. Like I got a fast-track priority-boarding to a very private club, where a lot of members had given-up growing. Given-up listening. And just signed-up to tell people how it’s done. Was that all that was left for me to do with the rest of my life? 😶 Luckily, I didn’t stop at my first impressions. I soon discovered I was caught in a classic reality-distortion trap. The 20/80 rule. 20% of people telling me how to live my life taking-up 80% of my feed. 🧹I cleaned-up my thread and feel so much better for it. I want to shine a light on people I feel inspired by, on the topic of personal growth: - Rachel Delacour. Entrepreneur. Climate Activist. Mum of 2. - ⁠Andrew Nutter. Entrepreneur. Investor. Wine maker. Dad of 2. Star gazer. - ⁠Martha Lane Fox: Entrepreneur. Survivor. Fighter. Mum of 2. Diversity advocate. I’ve only met two of the people on this list.  A good reminder that you do not need to know people personally to feel inspired by them 🙏🤩 And you, who are your role models and why❓

Task batching and day theming 📋 Jack Dorsey, who made Twitter, created the idea of day theming. It's like having special days for different tasks, like emails or meetings. Wednesday is my in-person meeting day. It feels great to focus on one thing!🪄✨ But...Task batching has its upsides and downsides. 🔄 On the bright side, it helps dodge switching costs by maintaining work consistency. These tiny delays when switching tasks can affect productivity. However, it can also lead to repetition-induced fatigue and dissatisfaction from doing the same thing for too long. 😴 What is your take on this? #Startup