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Jesse Zhang

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
968 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And you get down to it and you're like, okay, great.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Now we have these use cases.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

how much would you pay for it?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And that kind of forces them to think, because most people are not thinking about that as they're talking about ideas.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

They're just like, oh yeah, this would be cool.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

As soon as you force them to think about how much you pay for something, it kind of is a forcing function for finding some order of magnitude, some level of scale.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And so then they're like, okay, well, yeah, you have five people doing this full time.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

If the AI agent could do this well, maybe we'd be able to get rid of one of them, assign one other one.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And then as a result, I'd pay you like 20K a year or something like that.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And then in your head, you're like, okay, cool.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So now at least you have a general order of magnitude.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

20K, of course, isn't amazing.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

But if it's like, I could quickly churn out a ton of these, like maybe that's interesting.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

But most of the time, that's not the case because there's not that many good ideas out there, honestly.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Most of the time at the end of this exercise, you're like, okay, great.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

I'm glad I didn't pursue this further, you know, because like that would have been a waste of time.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And at the end, it's like people are paying you like $100 subscription per month.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And it's like a big company.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So you just do this exercise.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

And the nice thing about this exercise as well is that it puts the customer in the same frame of mind as you.