Founder of New Projects Tackling Top Problems
@tags:: #litâ/đ°ď¸article/highlights
@links::
@ref:: Founder of New Projects Tackling Top Problems
@author:: Benjamin Todd
=this.file.name
Reference
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Notes
(highlight:: Successful founders are typically obsessed with their idea, and find it hard to imagine working on anything else. This level of motivation is often necessary to see an idea through, and stick with it for the 5â10 years required to get something off the ground.
That said, great startup ideas often emerge out of fun projects that werenât expected to turn into organisations, but become obsessions over time. If you tend to have slightly intense side projects, thatâs a good sign for your fit for this path.)
- View Highlight
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Many founders who seem formidable today did not seem impressive when they first started. So you shouldnât give up if you donât feel like a CEO today. But you can look for small-scale signs of potential, such as whether you can convince one or two people to support the idea, and whether you often have lots of ideas for ways to make things better.
- View Highlight
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Founders tend to be generalists â running a startup requires juggling more duties than one can really learn how to do âthe right way.â It crucially relies on the ability and willingness to handle many things âjust well enoughâ (usually with very little training or guidance), and focus oneâs energy on the few things that are worth doing âreasonably well.â
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Nonprofit ideas often lack good feedback mechanisms (such as revenue), which means that the leaderâs judgement about what the biggest priorities are is much more important. Itâs easy to focus on the wrong thing and lose most of what matters.
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- [note::Great point. This underscores the importance of MEL.]
Pick one very small and simple version of your idea as the test. A common mistake among founders is to try to do way too much at once. Most great startups have an idea that can be simply explained even at scale, and when youâre just getting started, itâs even more important to start small. People underestimate how hard it is just to do one thing well â but doing something well on a small scale is the best way to build trust with funders, and unlock more resources to expand your idea to the next stage.
- View Highlight
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try to design a test that can resolve one of your key uncertainties about the project. Ask yourself, âWhatâs the minimum amount of validation I need to justify the next level of funding?â Then do that. If it works out, go to the next level of scale.
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(highlight:: There are also many other organisations that can help you outside of the effective altruism ecosystem. For example:
⢠80,000 Hours got a lot out of Y Combinatorâs nonprofit programme.
⢠Fast Forward is an incubator for tech nonprofits.
⢠Skoll helps social entrepreneurs.
⢠And there are other nonprofit accelerators worth exploring)
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Thereâs also a lot of scepticism about whether someone can be âhandedâ an idea from someone else â the thought is that if you donât come up with the idea yourself, youâre unlikely to be obsessed with it enough to make it work. This, however, seems to be somewhat less true in the nonprofit world. We think it can be worth entertaining other peopleâs ideas, and seeing if they catch your motivation. If you have the flexibility, you could consider taking 3â12 months off from your normal work to learn about and test ideas.
- View Highlight
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(highlight:: To give you a flavour of what exists, here are some of the best public lists weâre aware of:
⢠Big biosecurity projects by Andrew Snyder-Beattie and Ethan Alley on the EA Forum
⢠Charity Entrepreneurshipâs top meta charity ideas and ideas in global health, animal welfare, and mental health
⢠Alternative protein project ideas by the Good Food Institute (and you may also want to listen to our podcast with the founder, Bruce Friedrich))
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dg-publish: true
created: 2024-07-01
modified: 2024-07-01
title: Founder of New Projects Tackling Top Problems
source: reader
@tags:: #litâ/đ°ď¸article/highlights
@links::
@ref:: Founder of New Projects Tackling Top Problems
@author:: Benjamin Todd
=this.file.name
Reference
=this.ref
Notes
(highlight:: Successful founders are typically obsessed with their idea, and find it hard to imagine working on anything else. This level of motivation is often necessary to see an idea through, and stick with it for the 5â10 years required to get something off the ground.
That said, great startup ideas often emerge out of fun projects that werenât expected to turn into organisations, but become obsessions over time. If you tend to have slightly intense side projects, thatâs a good sign for your fit for this path.)
- View Highlight
-
Many founders who seem formidable today did not seem impressive when they first started. So you shouldnât give up if you donât feel like a CEO today. But you can look for small-scale signs of potential, such as whether you can convince one or two people to support the idea, and whether you often have lots of ideas for ways to make things better.
- View Highlight
-
Founders tend to be generalists â running a startup requires juggling more duties than one can really learn how to do âthe right way.â It crucially relies on the ability and willingness to handle many things âjust well enoughâ (usually with very little training or guidance), and focus oneâs energy on the few things that are worth doing âreasonably well.â
- View Highlight
-
Nonprofit ideas often lack good feedback mechanisms (such as revenue), which means that the leaderâs judgement about what the biggest priorities are is much more important. Itâs easy to focus on the wrong thing and lose most of what matters.
- View Highlight
-
- [note::Great point. This underscores the importance of MEL.]
Pick one very small and simple version of your idea as the test. A common mistake among founders is to try to do way too much at once. Most great startups have an idea that can be simply explained even at scale, and when youâre just getting started, itâs even more important to start small. People underestimate how hard it is just to do one thing well â but doing something well on a small scale is the best way to build trust with funders, and unlock more resources to expand your idea to the next stage.
- View Highlight
-
try to design a test that can resolve one of your key uncertainties about the project. Ask yourself, âWhatâs the minimum amount of validation I need to justify the next level of funding?â Then do that. If it works out, go to the next level of scale.
- View Highlight
-
(highlight:: There are also many other organisations that can help you outside of the effective altruism ecosystem. For example:
⢠80,000 Hours got a lot out of Y Combinatorâs nonprofit programme.
⢠Fast Forward is an incubator for tech nonprofits.
⢠Skoll helps social entrepreneurs.
⢠And there are other nonprofit accelerators worth exploring)
- View Highlight
-
Thereâs also a lot of scepticism about whether someone can be âhandedâ an idea from someone else â the thought is that if you donât come up with the idea yourself, youâre unlikely to be obsessed with it enough to make it work. This, however, seems to be somewhat less true in the nonprofit world. We think it can be worth entertaining other peopleâs ideas, and seeing if they catch your motivation. If you have the flexibility, you could consider taking 3â12 months off from your normal work to learn about and test ideas.
- View Highlight
-
(highlight:: To give you a flavour of what exists, here are some of the best public lists weâre aware of:
⢠Big biosecurity projects by Andrew Snyder-Beattie and Ethan Alley on the EA Forum
⢠Charity Entrepreneurshipâs top meta charity ideas and ideas in global health, animal welfare, and mental health
⢠Alternative protein project ideas by the Good Food Institute (and you may also want to listen to our podcast with the founder, Bruce Friedrich))
- View Highlight
-