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Tim FerrissTim Ferriss

Kevin Systrom — Tactics, Books, and the Path to a Billion Users | The Tim Ferriss Show

Kevin Systrom (@kevin) is an entrepreneur and the co-founder of Instagram. While at Instagram, Kevin served as the CEO, where he oversaw the company’s vision and strategy and daily operations. Under his leadership, Instagram grew to over one billion users and launched dozens of products including video, live, direct messaging, creative tools, Stories, and IGTV. The company also grew to over 800 employees with a campus in Menlo Park, new offices in New York City, and a new headquarters in San Francisco. Prior to founding Instagram, Kevin graduated from Stanford University with a BS in management science and engineering. Kevin currently lives in San Francisco with his wife and daughter. Please enjoy! Intro [00:00] The book Kevin gifted most frequently [01:16] A book that helped Kevin in his early days [03:03] Doing the simple thing first [04:02] Instagram’s origin story [08:09] How Kevin and Mike decided which features to keep or eliminate [09:42] How filters became part of Instagram’s big picture [13:37] Important lessons from Stanford’s Mayfield Fellows Program [15:16] Insights from the Golden Personality Test [19:16] How Mortimer Adler recommends reading nonfiction books [21:00] A sampling of the kind of books currently occupying Kevin’s nightstand [23:08] The precursor to Twitter (Odeo) and what Kevin did there [23:58] Evan Williams’ superpowers [26:01] Some of the most successful pivots in recent history [28:51] Can you train to make the right call to pivot? [33:20] How to get honest feedback [36:51] Some honest feedback Kevin was grateful to get [38:44] What is a 360 interview, and what can it teach us? [41:36] Disallowing seven on a one-to-10 scale [44:29] How Kevin has bounced back from tough times [45:46] Selling Instagram for $1B—not everything you'd think it would be [51:06] The power of understanding your own motivators [53:06] How did Kevin learn to manage? [55:12] On getting through decision-making bottlenecks [58:45] How does Kevin choose the books he’s going to read? [1:04:17] What Kevin gets most out of reading history books [1:06:14] Some of my recommended biographies and histories [1:08:40] Advice Kevin gives to entrepreneurs that very few actually take [1:10:09] Other mistakes Kevin sees entrepreneurs and creators making [1:14:29] What would Kevin’s billboard say? [1:16:58] Parting thoughts [1:21:32] This podcast is brought to you by Helix Sleep. Visit Helixsleep.com/TIM and take the simple 2-3 minute sleep quiz to get started, and the team there will build a mattress you’ll love. The mattress arrives within a week, and the shipping is completely free. You can try the mattress for 100 nights, and if you’re not happy, they’ll pick it up and offer a full refund. To personalize your sleep experience, visit Helixsleep.com/TIM and you’ll receive up to $125 off your custom mattress. This podcast is brought to you by FreshBooks. FreshBooks is the #1 cloud bookkeeping software and the easiest way to send invoices, get paid, track your time, and track your clients. Right now you can get a free month of complete and unrestricted use. You do not need a credit card for the trial. To claim your free month and see how the brand new Freshbooks can change your business, go to FreshBooks.com/Tim and enter “Tim Ferriss” in the “how did you hear about us” section. SUBSCRIBE: http://bit.ly/1dSzTkW About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 300 million downloads and been selected for “Best of iTunes” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's email newsletter): https://go.tim.blog/5-bullet-friday-1/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/

Tim FerrisshostKevin Systromguest
Apr 25, 20191h 22mWatch on YouTube ↗

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At a glance

WHAT IT’S REALLY ABOUT

Kevin Systrom on Simplicity, Feedback, Pivots, Books, and Following Your Passion

  1. Systrom recommends books such as Principles, The Lean Startup, How to Read a Book, The Goal, and Lessons of History, and explains how he picks nonfiction books to learn specific skills.
  2. He champions doing the simple thing first, illustrating it with a server-sharding story and with how Instagram emerged by cutting every Burbn feature except photos and then adding filters.
  3. He argues that most successful companies are pivots and that the key is quickly recognizing failure, which depends on actively seeking honest feedback and trying to prove yourself wrong.
  4. On leadership, he describes hiring people far better than himself, managing vision rather than day-to-day tasks, and using The Goal's bottleneck idea to batch product decisions.
  5. He shares how he handled being counted out after the 2012 sale, and he advises entrepreneurs to solve a real problem, avoid going it alone, and love the outcome they are shooting for.

IDEAS WORTH REMEMBERING

5 ideas

Do the simple thing first

Systrom says Instagram spent four months on a fancy auto-sharding database before Mike wrote a simple even/odd user ID file in two hours that just worked. He sees complexity as no measure of good management.

Instagram emerged by subtraction

After Burbn stalled, they listed what exists and what sucks, cut every feature except photo sharing, and later added filters after his wife said her photos weren't good enough to share.

Most successful companies are pivots

Systrom says it is hard to know what works in advance, so entrepreneurs should fail quickly, diagnose why, and improve. Those who cling to ideas out of ego tend to do poorly.

Honest feedback must be actively sought

He notes that people are wired to avoid conflict and that the higher you rise, the less feedback you get. He suggests asking for it, thanking people rather than getting defensive, and sorting real merit from mere dislike.

Hire people better than you

Systrom hired people with far more experience than himself and managed by setting vision and direction while asking them how to get there. He says that if everyone hired up, you'd have a remarkable company.

WORDS WORTH SAVING

5 quotes

I think a big part of knowing that you're right is working as hard as you can to prove that you're wrong, and if you can't, well, there's only one option left, which is you're probably right.

— Kevin Systrom

Always do the simple thing first. And it's amazing to me how many people think the quality of their management, they think is judged based on the complexity of their decisions or the outcomes, and it turns out, actually the right thing to do is sometimes the simplest, and it's the most effective.

— Kevin Systrom

There is no Midas touch. Like, the... One of the things I hated most working in tech was the idea that there's, like, a product guy or a product girl, right? Like, that you're, like, somehow someone who just knows what's gonna work. Most of the successful people I know have tons of bad ideas, and it's about editing them out

— Kevin Systrom

if everyone hired up, you'd have like the most badass company in the world.

— Kevin Systrom

You should love what you're shooting for. 'Cause work is hard. It can be miserable at times. I mean, nothing great in this world ever came easy.

— Kevin Systrom

Books that shaped SystromDoing the simple thing firstOrigin of Instagram from BurbnPivoting and failing quicklySeeking honest feedbackHiring people better than youDecision-making bottlenecks

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