What Makes The Top 10% Of Founders Different? - Michael Seibel

What Makes The Top 10% Of Founders Different? - Michael Seibel

Introducing Substack Notes: Driving Discovery and Engagement

In the world of entrepreneurship, there is a clear distinction between the top 10% of founders and the rest. These exceptional individuals possess certain qualities and characteristics that set them apart from the crowd. According to Michael Seibel, a renowned entrepreneur and investor, there are three key factors that differentiate these top performers.

Firstly, the top 10% of founders excel in execution and formidability. They never get stuck with execution and are always willing to adapt and pivot when necessary. This flexibility and willingness to take risks is what allows them to stay ahead of the game and navigate through the ever-changing business landscape. These founders have a relentless drive to succeed and are not easily discouraged by setbacks. They view obstacles as opportunities for growth and are always looking for ways to overcome challenges.

Secondly, clear communication is another defining characteristic of the top 10% of founders. These individuals possess the ability to explain what their business does in just one to two sentences. This concise and effective communication is crucial in attracting investors, customers, and partners. By clearly articulating their value proposition, these founders are able to generate interest and build strong relationships with key stakeholders. This skill also extends to internal communication within their teams, ensuring that everyone is aligned and working towards a common goal.

Lastly, internal motivation is a key factor that sets the top 10% of founders apart. These individuals possess a deep sense of intrinsic motivation and passion for what they do. They are driven by a genuine desire to make a difference and create something meaningful. This internal motivation allows them to stay focused and persevere even in the face of adversity. They do not let failure or setbacks define them but rather use them as learning experiences and opportunities for growth.

Now, let's shift our focus to Substack, a platform that is revolutionizing the world of writing and content creation. With over 35 million active subscriptions and more than 2 million paid subscriptions, Substack has become a powerhouse in the industry. Recently, they introduced a new feature called Substack Notes, which allows writers to post short-form content and share ideas with each other and their readers.

This interesting approach by Substack makes sense, as it provides a space for writers to engage with their audience on a more personal level. Similar to the Medium highlighter feature, Substack Notes aims to drive discovery and encourage meaningful discussions among readers and writers. By facilitating the exchange of ideas, Substack hopes to convert casual readers into paying subscribers.

The ultimate goal of Substack is not to create a perfectly sanitized information environment, but rather to set the conditions for constructive discussion. They believe that a healthy balance of common ground and tension is necessary for great art and new ideas to flourish. By providing a platform that encourages open dialogue and diverse perspectives, Substack aims to foster a community of engaged readers and writers.

So, what can we learn from the top 10% of founders and Substack's approach to driving discovery and engagement? Here are three actionable pieces of advice:

1. Embrace adaptability and formidability: Just like the top 10% of founders, be willing to adapt and pivot when necessary. The business landscape is constantly evolving, and it's essential to stay nimble and open to change.

2. Master the art of clear communication: Take a page from the top 10% of founders and learn to explain your business or ideas concisely. This skill will not only attract investors and customers but also ensure effective internal communication within your team.

3. Cultivate internal motivation: Like the top 10% of founders, find your internal motivation and passion for what you do. This will fuel your drive to succeed and help you stay focused even when faced with challenges.

In conclusion, the top 10% of founders possess certain qualities and characteristics that set them apart. From their ability to execute and adapt, to their skill in clear communication, and their internal motivation, these individuals are true trailblazers in the entrepreneurial world. Similarly, Substack's innovative approach to driving discovery and engagement provides valuable insights into building a thriving community of readers and writers. By incorporating the actionable advice mentioned above, you too can strive for greatness and make a lasting impact in your chosen field.