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Which business would Alex Hormozi start today? #shorts

2023-01-10 · Short · Alex Hormozi · recording, 0:53 · watch on YouTube

Topic: Business and entrepreneurship · mode: Explanation and tutorial

In a clip from Ali's podcast, Alex Hormozi says everyone has unique depth of knowledge, notes that Y Combinator looks for industry experience, and suggests choosing a business by asking where your parents' work, past jobs or current interests let you help someone do a thing better.

What is said

The parts of the video and what is said in each (★ — how much it matters to the video).

00:00:00 — Which business to start: unique knowledge, Y Combinator's experience criterion, three buckets

  • ★★ Alex Hormozi says everyone has unique depth of knowledge in certain areas simply from being alive and taking in inputs. — 00:00:00
  • ★★ Alex Hormozi says Y Combinator, one of Silicon Valley's most successful startup investors, counts past experience in the industry among its most important criteria, even for very young founders. — 00:00:00

  • ★★ Alex Hormozi says knowing nothing about an industry leaves a lot of "ignorance debt" to pay down, while the child of a mechanic knows much about cars by osmosis. — 00:00:00

    “so much ignorance debt that you have to pay down”

  • ★★★ Alex Hormozi: To choose a business, Alex Hormozi looks at three buckets, your parents' work, your past jobs and your current interests, and asks in which of them you could help someone do a thing better. — 00:00:30

Threads in this video

  • restate · How do you find a business idea? — To choose a business, Alex Hormozi looks at three buckets, your parents' work, your past jobs and your current interests, and asks in which of them you could help someone do a thing better. (00:00:30)

Mentioned

Central: Alex Hormozi

Also: Silicon Valley · Y Combinator

Also centred on Alex Hormozi: I Asked 15 Experts For Life Advice. Here's What I Learned. · $100m CEO Alex Hormozi's advice for entrepreneurs #shorts · I Asked 5 Millionaires for Their Best Financial Advice · 7 Life Lessons School Didn’t Teach You

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