How to Ask Good Questions, Succeeding as a First-Time Entrepreneur, The 'Great Regret', The Stocktwits Story, Legendary Investor Bill Gurley & More
Social Leverage Letter | Issue #76
Get smarter faster with our curated list of thought-provoking content for founders and investors:
3 articles, 2 podcasts, and 1 video.
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Learn the different types of questions that can be used to uncover the truth, including Story-eliciting Questions, Chunking Questions, and Calibrated Questions. Discover how each type of question can be used to elicit information, persuade, assess knowledge, or establish a relationship, and how the context and purpose of the conversation affects the effectiveness of the questions.
Despite the economic uncertainty caused by the pandemic, the number of new businesses being formed has increased drastically. To succeed as a first-time entrepreneur, you should embrace economic uncertainty, prepare to fail, lean into your strengths, create a strong support system, avoid perfection, solve a problem, know your audience, start with a narrow focus, be ready to adapt and pivot, and do something you truly love.
The 'Great Resignation' of 2021 saw a record number of people quitting their jobs in search of better pay and work-life balance, but analysis by Paychex revealed that 80% of those who left regretted the move. Gen Z and those who switched industries were particularly likely to miss their old roles, with many citing missing colleagues, salary, bonus scheme, and health insurance as reasons for wanting to return.
Why is a car video in a newsletter for founders and investors? Because Doug DeMuro is a masterclass in persistence; a solo creator who started from nothing but a kindle book and a dream back in 2013. Today, he's driving his dream car; a Porsche Carrera GT worth north of $1.6 million.
Howard and friends are back with their second video! This week, they review the State of the Market, seasonality, habits of great investors, teaching your kids the language of markets, sports week in Phoenix, life-span vs. health-span, and more:
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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.