A Quote by Taavet Hinrikus
At TransferWise, we started out as - and continue as - idealists. We start with what we can do to make things better and how we can solve problems, focusing on what people need. It turns out you can focus on building the best service and be successful as business.
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If you want to know how to solve society's problems, you start out with better public education.
Let's try and bring out the best in all of us and a positive vision of working together to solve big problems, to recognize that, yes, all is not right, things need to be fixed. We're better off solving things by working together than by pointing fingers at other people.
Many [business] people focus on what is static, black and white. Yet great algorithms can be rewritten. A business process can be defined better. A business model can be copied. But the speed of execution is dynamic within you and can never be copied. When you have an idea, figure out the pieces you need quickly, go to market, believe in it, and continue to iterate.
I think it's fascinating to note that some of the most successful organizations of our time got there by focusing obsessively on service, viewing compensation as an afterthought or a side effect. As marketing gets more and more expensive, it turns out that caring for people is a useful shortcut to trust, which leads to all the other things that a growing organization seeks.
A successful business must have a sound knowledge of its market and work on how its product or service will be different, stand out and improve people's lives. If you can ensure it responds to a real need in the market place, your business can punch well above its weight.
Lacking an external focus, the mind turns inward on itself and creates problems to solve, even if the problems are undefined or unimportant. If you find a focus, an ambitious goal that seems impossible and forces you to grow, these doubts disappear.
But it doesn't have to be this way. We can do things better. We need to stop doing business as usual and start focusing on end-to-end quality. Security needs to be built in from the start - not slapped on after the fact.
Most people will solve the problems they know how to solve. Roughly speaking they will solve B+ problems instead of A+ problems. A+ problems are high impact problems for your company but they're difficult problems.
You want to go out and do the best you can do - then you're successful, no matter how it all turns out.
This music business can suck all the love out of you, all the compassion for people - you can start to think you're better than them. But I want to continue to let people know that I'm no better and no worse, I'm just like you.
There are lots of people building the next TransferWise, not in a sense of competing with us but in a sense of building large, successful companies that are doing something important. I just enjoy helping these founders navigate the journey.
The primary goal of IoT is to solve business problems, not to deliver a cool project or new technology. Focus on a business-relevant problem, and work with your customer to solve it.
When everybody else is in a down market is focusing on what they're doing wrong, instead focus on what you should be doing differently, it may be that what you did in the past was perfectly right. It is possible to do all the right things in business and still have a business crisis because of what's happening in the external environment. And if you start focusing on mistakes only, you're going to miss opportunities.
If I had criteria, it would just be that I want to play active people who can solve problems, not people who have things thrust in their lap and need somebody to solve their problems for them.
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