Never, Ever, Ever Accept Advice

If you share your idea with others they will give you advice. This is a part of human nature, and their advice is probably given with good intentions. However, the practical consequence is that you start doubting yourself, and even start wondering if your idea isn’t “good enough”, or that you need to “change it”, etc. The problem with that is that if you’ve got a great idea, you might have been thinking about it for years — While those giving you advice has just started thinking about it recently. This implies that purely statistically, they will give you worse advice than whatever you can give yourself.

Crowd Sourcing

Crowd sourcing has shown us it’s incredibly intelligent to find the answers to mindless questions, such as “how many yellow beans are in this bag”, etc. However, if you use crowd sourcing to help you with complex problems, the “intelligence of the masses” seems to consistently choose sub-optimal solutions.

A great example of the above was how Gary Kasparov was able to play thousands of other great chess players and actually win. Proving how crowd sourcing is useless when it comex to complex problems requiring informed decisions. And if you are en entrepreneur with a good idea, you are the domain expert, period!

ChatGPT as a Discussion Partner

However, even though you shouldn’t seek advice from humans, it actually helps to ask for advice. This is because the very act of asking, forces you to structure your thoughts and ideas, such that you can easily convey its essence.

This allows you to use ChatGPT to ask open ended questions, which results in it analysing your question, and in its answers providing you with counter arguments you will meet, allowing you to defend your idea. In addition it allows you to see your idea from different perspectives, and possibly get additional ideas that you can add to your existing idea to make it better.

Many have accused me of creating these videos of mine to attract eyeballs, and while they are right, I also have a secondary motivation, which is that by simply speaking publicly about my thoughts, I get to structure my thoughts, think about them from a different perspective, and improve my ideas.

To illustrate the point from above, realise that this video is just as much a “message to my future self” as it is a video intended to market my own products. If it somehow can also help others, that’s simply bonus for me.