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Daniel Priestley

๐Ÿ‘ค Speaker
4387 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And then a small 5% of people are willing to pay $20 a month.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

The numbers are just astronomically out of balance.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

There's not a 0% chance that the financial model around what we've launched with AI is catastrophic.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

It's a huge financial problem that very few people are talking about.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

It's the entrepreneurial skill set that is the most important skill set.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

It is essentially the skills of identifying an opportunity, prototyping fast and cheap experiments to see if you've got something that people want.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

taking it to market, making your initial sales, scaling up to your addressable market, and then exiting and then coming up with a new idea.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Because even if you're in a big corporate, they're going to want to prototype things.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

They're going to want to spin out new products.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

They're going to want to come up with new initiatives.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And we need to step through that process of, is this a good idea or not?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Can we validate it?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Can we scale it?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And you want to go through that process as fast and as cheap as possible the way an entrepreneur would.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Yeah, this is a step that entrepreneurs call validation.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And the rookie entrepreneurs that fail, they don't do this step very well, right?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

So they don't do market validation.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

They don't do product validation.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

They simply get excited about an idea and then they go all in on the idea.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And what really experienced entrepreneurs do is that we come up with ways to do fast, cheap experiments.