Step 5: Take The Third Door (Ch. 25-35) Flashcards
what did Larry King & Cal Fussman say of how to interview?
the secret is, there is no secret. be yourself, the same way you are with us (friends)
after devouring Bill Gates books, what stride out the most to Alex?
his ability to do the hard, uncomfortable aspect that made it all possible
Gates said “the best way to blast through skepticism is…
…to overwhelm them with expertise”
when making a business deal, the best outcome is
strategic positioning for future relationships and investments
by figuring out what people fear i can…
leverage it for their benefit and mine.
it’s critical to do what of the person being dealt with?
become an expert on their background
the best negotiating tactic is…
genuine, trusting relationships. if they aren’t invested in me, why would they invest in what i’m bringing to the table.
pg. 470 (Elliot talking to Alex about the Gates interview)
“You idiot. You asked that stupid question when we first met and I told you there is
no tipping point. It’s all just little steps.”
pg. 470 (Elliot talking to Alex about the Gates interview)
“A tipping point only appears in hindsight,” Elliott added. “You don’t feel it when you’re in
the trenches. Being an entrepreneur is about pushing, not tipping.”
pg. 471 (Elliot on the importance of pipeline)
“Dude, that’s the story of my life. They’re called bullshit no’s. I get them a thousand times a week.
You just have to build a pipeline so when you get a bullshit no from one person, there’s still thirty others to work on.”
pg. 471 (Elliot on the importance of pipeline)
“You want to know why a pipeline works?” Elliott went on. “A year and a half ago, when you first cold-emailed me asking for advice, you didn’t know that a month earlier
I’d made it my New Year’s resolution to find someone to mentor.”
“could’ve known that. My point is that I’m sure I wasn’t the first person you emailed for advice. You asked dozens of people, and because of an external factor you couldn’t have predicted, one of those things worked. You have no way of knowing what’s going on in the lives of the people in your pipeline. You can’t anticipate their mood or how generous they’re feeling. All you can do is control your effort.”
pg. 472 (Elliot on non-refundable offers)
“can’t give you all the answers, but I’ll give you an example. For the Summit conference we organized in Washington, D.C., we couldn’t get a single person to give the main keynote. People were busy. Blake Mycoskie from TOMS said he couldn’t come. It was just a disaster. So we had to think bigger: Bill Clinton. And we had to think differently: we hosted a fundraiser for his foundation so he had to come. Once he was in, we called Russell Simmons—who had already said no—and we asked him if he could give the opening remarks for Bill Clinton, so now he said yes. Then we planned the event to coincide with Ted Turner’s travel schedule in D.C. Doing that, plus having Clinton confirmed, led to Ted Turner saying yes. Blake Mycoskie still told us he had other commitments, so we changed the request and asked him to moderate a Q and A with his hero, who we knew was Ted Turner. Boom. Now Blake was in.
You just have to give people an offer they can’t refuse.”
pg. 473 (Elliot talking to Alex)
“An idea was coming to me. “I wonder if—”
“Yes.”
“I was going to say, I wonder if—”
“Yes. Yes, yes, yes. Whenever you wonder, the answer is yes.
People don’t want to do small shit. You need to think bigger and think differently. Don’t ‘I wonder’ through life. Just make it happen.”
pg. 489 (Wozniak speaking to Alex)
“Most people do things because that’s what society tells them they should do. But if you stop and do the math—if you actually think for yourself—you’ll realize
there’s a better way to do things.”
“I’m happy because I do what I want every day.”
pg. 496 (Pitbull speaking to Alex)
“He soon told me that ever since he was a kid, he loved looking for new challenges.
“A true hustler is always looking for the next one,” he said. “It’s like playing a video game—let’s say Mario Bros. Okay, you beat the first level, now you got to beat the second level, now you got to beat the third level. Once you beat
the game, you’re like, ‘Whoa, whoa. Where’s the next game? Where it at?’ ”