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

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

The Surprising Power of The Long Game - Farnam Street

In a world where most people play the short game, playing the long game offers a huge advantage. The most successful people in any field all play the long game. But what exactly sets them apart? Let's explore the common points and unique insights from Michael Seibel's perspective on top founders and Farnam Street's take on the power of the long game.

One of the key factors that differentiate the top 10% of founders, according to Michael Seibel, is their execution and formidability. These founders are never stuck with execution. They have the ability to adapt, pivot, and overcome obstacles along the way. They understand that success is not guaranteed, and they are willing to put in the effort to make things happen.

Clear communication is another trait that top founders possess. They can explain what their business does in just one to two sentences. This skill is essential in attracting investors, customers, and employees. Being able to articulate the value proposition of their business concisely sets them apart from the rest.

Internal motivation also plays a significant role in the success of top founders. When things go wrong, they don't get too discouraged. They understand that setbacks are part of the journey and use them as learning opportunities. This resilience and determination to keep pushing forward differentiates them from those who give up easily.

Now, let's shift our focus to the power of the long game, as highlighted by Farnam Street. Choosing the long game, especially for things that compound, such as knowledge, relationships, and finances, can lead to tremendous benefits. Playing the long game may not attract immediate attention or seem exciting from the outside, but it allows for the accumulation of tiny advantages that eventually lead to significant success.

The compound effect is a crucial aspect of the long game. Just like compounding interest, the longer you play, the better the rewards. It's all about consistently taking small steps towards your goals, even when the progress seems insignificant. These small daily habits and actions add up over time, leading to exponential growth and success.

However, playing the long game requires sacrifice and delayed gratification. The first step is always the hardest. To reap the benefits in the future, you must be willing to endure some hardships today. This is why only a few people choose to play the long game. Many are enticed by quick wins and immediate results, failing to see the long-term advantages.

If you want to start playing the long game, a good place to begin is with things that compound. Invest in continuous learning, build meaningful relationships, and make smart financial decisions. These are areas where small efforts today can lead to significant gains in the future.

In conclusion, the top 10% of founders and those who play the long game share common traits and principles. Both emphasize the importance of execution, clear communication, and internal motivation. They understand that success requires consistent effort and resilience. By choosing the long game and focusing on areas that compound, anyone can increase their chances of achieving long-term success. So, take the first step, embrace the long game, and enjoy the compounding rewards that await you.