In 1994, Jeff Bezos famously spotted a stat that made him leave his high-paying PE job to start Amazon:
💡 The Internet was growing 2300% per year.
What are the generation-defining stats of today?
I'll post a few to kick things off...
My yoga teacher always starts class with this line:
"Congrats. The hardest part is over. You showed up."
I feel like that mindset applies to most other things.
Worrying about a task often is far worse than the task itself. Starting is the hardest part.
A huge mistake not to spend some time in Japan while the yen is the lowest in 30+ years.
This cost less than $5 and some of the freshest fish I’ve ever had.
3000 BCE: Imagine a hot shower...
1000: Wouldn't a hot shower be nice
1200: Wouldn't a hot shower be nice
1400: Wouldn't a hot shower be nice
1600: Wouldn't a hot shower be nice
1800: Wouldn't a hot shower be nice
2000: Ah, nice hot showers for all 🚿
2020: How about a cold shower?!
The 40 hour workweek was established over a century ago.
Since then, we've invented 5G networks, automation, 3D printing, AR/VR, and a computer that can fit in your pocket.
Nearly all of the tools have changed, yet somehow ppl still think the way we work needs to stay the same.
• In 1984, the average 3D printer cost ~$300k
• In 2000, it was ~$150k
• In 2010, it was ~$50k
The 3D printer used for this video (now with >1m views) cost $199. That's less than a pair of AirPods Pros!
That's the power of technology. 📈
💡 Here's one that I can't believe it took folks a pandemic to realize:
As of 2020, Americans saved over 60m commute hours per day with remote work.
Per day!
Assuming 5-day weeks, that's ~16.3B (billion!) hours saved per year, equivalent to:
• 1.9m years
• 23k lifetimes
💡 The cost of mapping a genome has fallen ~100,000% over the last 15 years.
If that doesn't speak to you, we're talking about $100m down to <$1k – faster than Moore's law.
One of the best decisions I've ever made was learning to code.
It took me 300 hours. 300 hours to change my life!
With new tools like Copilot and Ghostwriter, how quickly do you think ppl can learn today?
$500 online course? Can’t afford!
$500 phone upgrade? Can’t resist!
$20 productivity app? Too pricey!
$20 cocktail? Too easy!
Daily exercise: No time!
Daily Netflix: No prob!
Invest in your brain, your body, and your community. Not much else matters at the end of the day.
What is stopping you from:
1. Screen recording your processes
2. AI-generating an SOP with Loom
3. Asking GPT-o1 what can be automated
4. Using Cursor to automate those pieces
Every company with 30+ employees should have a CAO — a chief automation officer.
Someone who’s sole job is to improve everyone else’s job.
Their goal would be to improve others’ workflows w automation (code/no code), delegation (VAs), or elimination (remove unnecessary work).
💡 The percentage of men under 30 not having sex has tripled in the last ~decade.
I'm not sure what percentage of those men are now having sex in the "metaverse".
💡 The @nytimes estimates that there will be a shortage of 300k semiconductor workers by 2025.
Most emerging tech depends on semiconductors, whether we're talking EVs, AI, gaming...
And making chips is highly complex – taking up to 1500 individual steps and up to 6 mos.
💡 In 1942, 8 hours of sleep was the norm. Today, people get an average of 6.8.
New research and the $411B toll this costs the US each year has people finally "waking up" to its importance.
Think the meditation industry is big?
Try a TAM of literally every person on earth.
💡 Cyber insurance loss ratios have increased for years, despite exponentially growing rates.
Loss ratio = (costs + claim payments)/premiums
In other words, cyber security is becoming an exponential issue.
💡 The electronics system was 5% of car costs in 1970.
It's expected to be 50% by 2030.
Self-driving is not going to be the only advancement when it comes to "car computers"...
Exhibit A: The Ford F-150 has 150m lines of code!
Look out for car malware, app stores, etc
Can’t believe I get to share this news, but…
I’m joining @a16z and the @future team as the new host of the a16z podcast!
Plus, we’ll be building a network of shows.
More on my next chapter and why I couldn’t be more excited.
Too often I see ppl saying, I’m building the next [Uber, Airbnb, FB, etc], thinking they’re up against the tech.
What they’re rly up against is years of marketing, habits, and network effects.
Uber could hand you their codebase and you wouldn’t touch a % of their market share.
9 times out of 10, your product doesn't need...
• A new logo
• More features
• 30 dashboards
• A faster tech stack
• Better PM software
• Ivy league graduates
• Millions in VC funding
It just needs some marketing.
Remote work doesn't create issues. It reveals them.
It reveals bad culture.
It reveals poor strategy.
It reveals low performers.
It reveals uninspiring work.
It reveals useless meetings.
It reveals outdated processes.
These issues existed IRL. Now, there's just nowhere to hide.
I wrote something new. This one was therapeutic to think through, as I've been frustrated with my progress.
Instead of focusing on local minima/maxima, achieving a global maximum requires consistency. In being consistent over time, you become the outlier
blog.stephsmith.io/how-to-be…
Neat little Google hack 🔎
Find public spreadsheets by searching:
site:docs.google.com/spreadsheets intitle:"query"
For example, try replacing query with:
- Startup tools
- VC
- Salaries
- Influencers
You'll find all types of gold. Give it a shot yourself!
H/t @RomainTORRES_
The idea that you likely need to work harder than the average person to be more successful than the average person (in whatever domain — business, exercise, etc) should not be controversial.
Just had our locks changed, which cost $185.
Guy did it in literally 15 minutes.
We asked him how many he fixed a day and he said 8-10.
If he does that 5 days a week, we're talking $385-$480k per year.
Not bad!
💡 A new solar plant is now 3x cheaper than a new coal plant.
Lower costs + increased capacity = a sunny, economically viable future
☀️☀️☀️☀️☀️
h/t to @azeem@ExponentialView@ramez@OurWorldInData@tsungxu for their excellent coverage on this topic
The real levels of wealth:
$ Keeps all sauce packs
$$ Has own Netflix account
$$$ Always adds guac
$$$$ Stops flying Spirit
$$$$$ Buys non-IKEA furniture
$$$$$$ Pays more for nonstop flights
$$$$$$$ Holds laptop w one hand
$$$$$$$$ Gets off parents phone plan
🔥 Post-economic
Lots of great comments! Will comb through them and share the best soon.
Gotta catch 🌅 first.
In the meantime, if you like this stuff...
1. Bookmark this 🧵. I'll add to it!
2. Give my podcast @sydlis a listen. You'll like this ep on tech ppl feared:
keeplearning.buzzsprout.com/…
You didn't think I'd get through this entire thread w/o crypto, did you?
The maximalists must be sweating. 😅
💡 Crypto adoption closely mirrors internet adoption minus a few decades. This trajectory predicts 1B users by 2027.
Others peg as soon as 2023.
h/t @AzazelAyers
Today is my first day at @a16z, as their new podcast host!
My job: to cover the top people, businesses, and industries shaping the future.
If I do my job right, we should all have a clearer picture of what's coming and how we can get involved.
Who should we definitely have on?
Doing Content Right just hit $100k in sales!
To celebrate, here are 20 of the most important lessons I've learned from years of creating online.
These won’t get you to $100k overnight, but they may keep you sane along the way.
Buckle up 🧵
Olympics coverage is down 55% (vs 2018)
Disney channel is down 88% (vs 2014)
Nickelodeon is down 75% (vs 2014)
You know what's not down..? Gaming.
💡 Esports viewership outpaces some major sports leagues, while prize money grew 4000x since 1998.
What’s the term for someone who forever studies, yet never does the thing?
Studies coding yet never codes
Studies writing yet never writes
Studies business yet never builds
Studies marketing yet never markets
Studies productivity yet never produces
💡 The OG lab-grown burger costed $330k in 2013.
Now, 1lb of lab-grown chicken costs $7.70, down from $18 mid-2021.
And 1 kg of lab-grown shrimp?
• 2019: $7398
• 2021: $739
• 2022: $37
• 2026-28: $4
Yet another trend that's challenging Moore's law.
Yet another example of exponential innovation.
In 2500, people will look back and think it's crazy that we bred and killed animals the way that we do today.
Anyone else constantly oscillate between complete conviction that they can and should make a dent in the world, but also the realization that we are but a speck of dust in the universe
Someone recently asked how I built my audience.
I don't think they expected my response:
"Taught myself to code, coded 6 projects, wrote a successful blog, then a book, then a course, built/scaled Trends, created a pod, spoke on 50+ pods..."
Nothing worth having comes easy.
Today, Jeff Bezos stepped down as Amazon CEO.
Jeff gets a lot of flack for being one of the richest people on earth, but it's pretty incredible to see what you can build in 27 years.
When is the last time you worked on something consistently for more than one year? Try 27.
It's socially unacceptable to say how much money you have.
If you disagree, I challenge you to put your net worth in your Twitter profile.
Yet it's not only acceptable, but cool to signal it through one layer of abstraction (ie: NFTs, expensive cars, etc)
Humans are wacky.
💡 Get this: the fastest growing 10-yo company isn't in software. It's a lithium-ion battery company: CATL.
Like semiconductors, batteries are a fundamental layer to many other technologies.
And yep, you guessed it: prices have decreased exponentially.
*Narrative violation ahead*
Think of the fastest growing ten year old companies ever at scale. Which come to mind? Probably a tech company. Maybe Google, Facebook or Amazon.
Nope. It's the leading lithium-ion battery manufacturer.
#battery#catl#energytransition#cleantech
A friendly reminder that no company is too big to fail.
Innovation is an equalizer, since it's so hard to do:
1. At scale
3. Consistently
3. With longevity
Of the world's 20 biggest companies in 1989, 0 are on the list of the 20 biggest companies today.
Honestly, this is WILD.
Mentioned my latest project at the end of a 1-hour long pod. Nowhere else.
Within 72 hours, $50k in pre-sales. 10% page to purchase conversion rate!
God I love the Internet.
Now, time for the hard work... pressure's on!
💡 Global fertility has halved in ~50 years.
This might not sound meaningful until you realize that 10k baby boomers turn 65 every day in the US alone.
We can only hope that all these robots we're building will lend a "hand".
h/t to @heykahn@healthwealthgen for calling out
I made a list of tech buzzwords, so you don't have to:
creator economy
unbundling
web3.0
Uber for ______
permissionless
thread
future of ______
SPAC
content creation
democratize
Tesla of ______
product-led growth
metaverse
What's missing?
I'm back with more on solar, lab-grown meat, crypto, eldercare... but first:
💡 The stat everyone knows, but not everyone FEELS (yet!)
19 of the hottest years on record were in the last 20.
A concrete example? The # of days 70⁰F+ in NYC:
• 2000: 111
• 2020: 141
• 2050: 184
I'll end (for now) with a stat shared by @JustinQuda:
We pick up our phones 58x per day. 58!!!
Here's your reminder to:
| ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄|
Get some sunshine today
|______________|
\ (•◡•) /
\ /
Friendly reminder that you can see how many third-party sites FB is tracking you through, by going to:
facebook.com/off_facebook_ac…
You can not only delete the history, but turn it off moving forward.
Goodbye to 1236 trackers (for me)...👋👋👋
This is actually pretty wild.
If we assume 1 bag per passenger, you'd expect 76,000 items to be lost at Kansai, in 2023 alone.
And they lost 0 bags in 30 years!
True excellence is often so far removed from the average that it's hard to even imagine.
Social media is no longer social — it is interest media.
While you might still follow friends, most of the content you consume is from complete strangers.
And in some cases, those strangers with strong interest-alignment become friends, resetting your social graph entirely.