Lance Sun

Almost all startups fail. Having backed 3,500 of them, Y Combinator knows why. Here's where founders make the biggest mistakes: (avoid them at all costs)

Working on something exciting, will come back to share. Stay tuned 🚀

@JTorreCoaching I've always asked more questions than most people care to answer. I was not an easy child to raise 😂

@TheLanceSun This is so important! I learned this with a doctor recommendation. “Oh, okay, turns out we value completely different things here. I’m looking for the opposite of that.” Now I ask questions.

The most important thing when getting advice: Know the context. Make sure you understand their: — Financial situation — Demographics — Values & beliefs — Personality — Goals Then decide if it applies to you.

@nickbussola Great example Nick. Very different strategies for different situations.

@TheLanceSun So true. having similar businesses doesn't mean you should religiously implement the same practices. Twitter is a good example. Often what works for big accounts doesn't for small ones, despite operating in the same niche.

@TaylorLagace Love the detailed breakdown Taylor! I always learn something new from you 🙏🏼

We’ve figured out a way to put an extra $400k in Bomba’s pockets every month while spending the same amount of $$ on paid media. Here’s the playbook for free: (Can be applied to any ecom store)

@HarrisFanaroff Ha yup! Cheap advice is the most expensive to take.

@TheLanceSun Don't take advice from people in the cheap seats

@BenGrant49 No silver bullets!

@TheLanceSun yep exactly. lot of advice out there. only one you.

@liammotivado Completely agree.

@TheLanceSun Possibly even more so when it's high ticket.

B2B sales tip: More story and empathy, less pitch and hustle.

@sama Works fine for me. How often does it drop?

should we crowdfund apple to hire an engineer to make personal hotspot work reliably?

@liammotivado That's amazing. Takes massive courage to drop Super Bowl money for something like that.

@liammotivado Well said Liam! To your point, the advice is more likely to be good if they ask more questions to know your situation.

@TheLanceSun Which is why most advice is poor. Very few people: - know where you've been - know where you are - know where you want to go - have done this before If you find someone that's covered point 4 and will cover the first 3 points, that is gold dust to embrace.

@eugenecheang Exactly Eugene. There's usually no stakes for the advice giver, so they have nothing to lose if things go wrong.

@TheLanceSun Most advice is anecdotal. Be discerning with it.

@VineetSinha The more context, the better!

@TheLanceSun Absolutely, feedback becomes infinitely more useful when the whole picture is taken into account.

@theoohene In fact, most of it's pretty bad or taken way out of context (which makes it bad).

@TheLanceSun Not all advice is good advice

@singhcredible Absolutely. It's a bit of an art to develop a good filter.

@TheLanceSun Welcome feedback/advice, but be discerning with what you do with it.

@IAmClintMurphy Absolutely Clint. Bad advice is very expensive. Make sure to vet your sources.

@TheLanceSun If they haven't done it, they likely can't teach you. Then again, if they've failed miserably, maybe they can teach you what not to do.

@IAmClintMurphy Peter Lynch breaks down investing so simply. Great read for just about anyone.

If you're a Man in your 20s, You need to read these 21 books, To be ahead of 98% of Men in your 30s:

@HarrisFanaroff So simple to get the key answers. Just ask.

The questions that will help retain your employees: - What brought you here? - What will keep you here? - What motivates you? - What is the best praise you've ever received? You get these answers and you'll have the blueprint for success with that new hire.

@theoohene Wow I've used a lot of these phrases without realizing they were entire books. Great list.

12 books to master marketing (that will make you unstoppable):

@singhcredible You really got that full benefit!

15 hours in on my 75 mile race, my mind had quit. I complained: • out loud • to no one • in the dark that I wanted to stop. I didn’t use strategies: • the cookie jar • chasing down Goggins I just complained. While I relentlessly kept moving forward. Actions > words