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The Learning Leader Show With Ryan Hawk

210: Noah Kagan - How To Start A Business

The Learning Leader Show With Ryan Hawk

Ryan Hawk

Business, Careers, Management

4.91.4K Ratings

🗓️ 18 June 2017

⏱️ 81 minutes

🧾️ Download transcript

Summary

Episode 210: Noah Kagan - How To Start A Business

Noah Kagan was the #30 employee at Facebook (started there in 2005), and the #4 employee at Mint.com.  He came up with the idea of real-time updates and executed with one engineer (Mark Slee) at Facebook.  He is now the Chief Sumo at Sumo.com (A domain in which he paid $1.5m to own.  We discussed why on this episode).

This episode is different than most in that it was more conversational, and less interview.  There was real-time coaching, and off the cuff conversation about how I should progress The Learning Leader.  If you are uncomfortable with creative use of the English Language (re: use of curse words), then skip this episode.  If not, I think you'll really like it.

"You shouldn't get a job... You should get a career."

Show Notes:

  • Sustained Excellence = Getting feedback from professionals
    • Noah hired pros from NPR to review his interview transcripts.
    • "Most of the time we have too much.  Need to edit it down."
  • How to create a narrative -- The NPA producer changed his life
  • Employees -- "They are not my people. They are people I work with. I don't like the word employee."
  • How do you hold others accountable? -- Autonomy, coaching, help when needed.  Hire correctly.
  • "What I'm great at is starting..."
  • How the quest to India changed Noah's life
  • "You'll almost always push hard on the last lap."
  • The impact Mark Zuckerberg had on him when he worked for him at Facebook
  • "When I was at Facebook, there was a singular focus: Growth."
  • "You shouldn't get a job, get a career." -- "I was a cubicle monkey at Intel"
  • Using a journal to plan your day/week/month
  • "Here is a story I've never shared before..."
  • Why you should always ask yourself..."What's exciting for me?"
  • Why you should go on walks with your spouse/significant other
  • Instead of building something in a month, why not build it by Monday? -- Do it quicker than you think possible
    • You need to constantly try and test it out... Don't overthink it.  Will people pay me for this?  Keep evolving
  • Keys to building your audience
  • "Art of The Deal" is a helpful book
  • Noah's salary?  Low 6 figures
  • "Good people don't work for cheap rates"
  • The two ways to scale a business
    • Technology
    • People
  • What Noah learned about vision --
    • Initially didn't believe in it... But he has matured and fully believes in it. "As I've gotten older..."
    • "It's much easier to get what you want when you know what you want."
  • The impact of Noah's Dad dying had on him
    • "I'm much more protective of my time"

"Good people don't ask for cheap rates."

Social Media:

More Learning:

Episode 078: Kat Cole – From Hooters Waitress To President of Cinnabon

Episode 071: NateBoyer - Green Beret, Texas Football, The NFL

Episode 179: How To Sustain Excellence - The Best Answers From 178 Questions

Episode 107: Simon Sinek – Leadership: It Starts With Why 

Episode edited by the great J Scott Donnell

The Learning Leader Show is supported by Rhone.  Use the code "Hawk" for 15% off.  Rhone... premium activewear engineered with principle, performance and progress for the modern man.  Rhone builds clothing around 3 main tenants: Cutting-edge Performance, Premium Comfort, and Simplistic Style.

 

Transcript

Click on a timestamp to play from that location

0:00.0

And when I was at Facebook to the original point, Mark was very, he's very, he's not a normal person.

0:06.0

And it's not really a surprise that they've created that, if you get a chance to hang out with them.

0:11.0

But the thing that he did very well

0:13.9

was that he had a very singular focus when we were there,

0:15.9

which was growth.

0:16.7

And it was at all expense.

0:18.2

It was like nothing else mattered if it didn't help us grow.

0:21.0

And so with sumo.com, which is our, you know, marketing software to grow your email list or

0:25.0

App Sum, which is our Group on for Geek, we've always done well where we've had yearly singular

0:29.0

goals.

0:30.0

Hey everyone, thank you so much for being here. I really appreciate it here on the

0:36.4

Learning Leaders Show. This episode however is is different than normal when I reached out originally to ask Noah Kagan to be my

0:45.2

guest I knew he'd bring something unique different to my show and I wanted that I think it's good to try new things to have different styles

0:56.0

and what you will hear is is no a guy who was the number 30 employee at

1:01.3

Facebook number four employee at Facebook, Facebook, now the chief sumo at sumo.com

1:07.0

is just an unbelievably interesting guy

1:10.0

who is willing to challenge you and push you and make things uncomfortable also uses a lot of

1:16.8

language that some people might not like. If that is not your thing, I would skip this episode, I'd delete it and just move on.

1:24.7

However, if you're okay with that, then I would forge on.

1:29.0

And so we got into so many topics.

1:32.0

It became like a mentoring, coaching session for me.

1:36.0

And Noah did a good job of helping me understand

...

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