How Future Billionaires Get Sh*t Done

Social Media

Social media can be a significant distraction for startup founders, often acting as a "black hole for time," according to Dalton Caldwell. He emphasizes the importance of establishing a healthy relationship with these platforms to avoid wasting valuable time 1. Michael Seibel shares his personal experience of overcoming a Twitter addiction by unfollowing everyone and using a Chrome app to disable most of Twitter's features 1.

Successful people recognize their weaknesses and actually reach for tools.

--- Michael Seibel

Both Dalton and Michael agree that being productive often requires "abnormal" measures to protect one's time from being stolen by social media distractions 1.

   

Mentorship

Over-reliance on mentorship and advisory boards can be a time-consuming distraction for startup founders. Michael Seibel and Dalton Caldwell discuss how collecting mentors and advisors can create a false sense of progress without actual product development 2. Dalton compares this to aspiring actors who spend years in acting lessons without ever landing a role 2.

It's a bottomless pit of time suck.

--- Dalton Caldwell

Michael stresses that the real way to de-risk a startup is by talking to customers and building and launching products, rather than relying on external validation from mentors 2.