daniel Vassallo
Building a Portfolio of Small Bets
Episode Notes (by minute):
-2:00: How describes the quarter-time executive work Daniel does at Gumroad. Working ~10 hours a week.
-4:00: How most people at Gumroad also work on a part-time basis, and doing your own personal work is almost encouraged when you work at Gumroad. This is big benefit because at some companies it is kind of awkward if you are working on the side.
-6:30: Why Daniel wanted to leave Amazon: didn’t want to climb the corporate ladder and was not envious of anyone above him’s lifestyle
-8:30: Why it’s important to make space to explore new things, and how Daniel learned about the Gumroad opportunity because he had the mental space and time to do so
-10:00: Why Daniel focuses on removing the downside when taking on new projects and making new small bets. The downside of going back to a full-time job.
-11:30: Why a small freelancing gig can be really helpful after you take a leap into being self-employed
-14:00: How Daniel realized it is very hard to know what product or side-hustle will work. This is why you need to have more bets.
-20:00: Why it’s helpful to have small bets that have lower operating costs
-22:00: An overview on the 5 small bets that Daniel currently has, including his course on helping you develop your own small bets
-24:00: How Daniel’s Twitter Audience Building course was a big positive surprise to him and continues to be!
-28:00: Why its important to have something that helps you attract attention (if you don’t have a big audience). This can happen a few different ways too.
-31:00: Two mental models on to build a Twitter audience: 1). make friends with people like you would in-person. If you can help someone, do that. 2). try to engage and be helpful to people with large accounts, and how there are mini-communities forming under large accounts (like Daniel’s).
(Note: these are quick notes and takeaways by David Nebinski. Please see the episode for more accurate information)
Published Date: 2/24/22