“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
Kevin Systrom (@kevin) is an entrepreneur and the co-founder (with Mike Krieger) 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.
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Want to hear an episode with someone else who lives by strong principles? — Listen to my conversation with Ray Dalio. We discuss how Ray thinks about investment decisions, the three books he would give to every graduating high school or college senior, how he might assess cryptocurrency, and much, much more (stream below or right-click here to download):
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QUESTION(S) OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments.
Scroll below for links and show notes…
SELECTED LINKS FROM THE EPISODE
- Connect with Kevin Systrom:
- Principles: Life and Work by Ray Dalio
- Ray Dalio, The Steve Jobs of Investing, The Tim Ferriss Show #264
- The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
- South by Southwest
- Instagram Was First Called ‘Burbn’ by Megan Garber, The Atlantic
- What is a Greenfield? by Vangie Beal, Webopedia
- The 10 Most Used Instagram Filters (According to Iconosquare Study) by Olga Rabo, Iconosquare
- Mayfield Fellows Program
- Harvard Business School
- The Golden Personality Profiler
- Myers-Briggs Personality Test
- What is an API? (Application Programming Interface) by Vangie Beal, Webopedia
- How to Read a Book: The Classic Guide to Intelligent Reading by Mortimer J. Adler and Charles Van Doren
- The Mathematics of Politics by E. Arthur Robinson and Daniel H. Ullman
- Getting Things Done: The Art of Stress-Free Productivity by David Allen
- Internet Archive: Wayback Machine
- YouTube (Circa 2005)
- Everything to Know about Facemash, the Site Zuckerberg Created in College to Rank ‘hot’ Women by Sam Brodsky, Metro.us
- Post-it Notes Were Invented by Accident by Daven Hiskey, Today I Found Out
- Viagra Turns 20: The History of the “Little Blue Pill” by Lisa Beebe, Roman Health
- Modern Family
- Blade Runner
- The Sunk Cost Fallacy by David McRaney, You Are Not So Smart
- King Midas and the Golden Touch by Amy Friedman and Meredith Johnson, uexpress
- How Did Mario Mendoza Become a Shorthand for Batting Futility? by Chris Landers, MLB.com
- The Science of the Resting Bitch Face and How to Prevent It by Vanessa Van Edwards, Science of People
- What Is a 360 Review in the Workplace? by Susan M. Heathfield, The Balance Careers
- How to Tell Someone They Have Something in Their Teeth by Susan Sherwood, How Stuff Works
- Kyle Maynard: How to Live Without Limits, The Tim Ferriss Show #251
- Why Small Biz Owners Should Hope for 4-star Reviews over 5 on Yelp and Google by Michael Grothaus, Fast Company
- Shaun White and the Magic of “Who Cares?” The Tim Ferriss Show #140
- Instagram: Here’s Why We Just Sold For $1 Billion by Alyson Shontell, Business Insider
- Why Instagram Is Becoming Facebook’s Next Facebook by Farhad Manjoo, The New York Times
- The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt and Jeff Cox
- Where is Your Herbie? by Wayne Chaneski, Modern Machine Shop
- The Lessons of History by Will Durant and Ariel Durant
- Genghis Khan and the Making of the Modern World by Jack Weatherford
- The Wright Brothers by David McCullough
- Consumer Packaged Goods (CPG), Investopedia
- The Complete Story of Civilization by Will Durant and Ariel Durant
- Cliffs Notes
- The New York Times Best Sellers
- How to Write a Bestselling Book This Year — The Definitive Resource List and How-To Guide by Tim Ferriss
- How to Tell When Someone Is Talking BS about AI by Lisa Lacy, The Drum
- “Blockchain Technology” Is a Buzzword With Little Meaning. Here’s What Matters. by Peter Van Valkenburgh, Coin Center
- The book Kevin has been gifting most frequently. [04:34]
- Another book that helped Kevin in his early days of entrepreneurship that drove home the importance of doing the simple thing first. [06:31]
- How has Kevin implemented the idea of doing the simple thing first in his own operations, and why is it so important? [08:03]
- Instagram’s origin story as a check-in app called Burbn, and how Kevin and his co-founder Mike kept things simple even when it became clear they’d have to pivot their business model into something else. [11:56]
- In the transition from Burbn to what would become Instagram, how did Kevin and Mike decide which features to keep and which ones to eliminate? [15:41]
- How filters became part of Instagram’s big picture. [17:19]
- What is Stanford’s Mayfield Fellows Program, what was the deciding factor that granted Kevin access to this exclusive curriculum, and what were the most important lessons he learned from the experience? [19:28]
- What Kevin confirmed about his learning style from the Golden Personality Test that Ray Dalio has people take at Bridgewater. [22:07]
- How Mortimer Adler recommends reading nonfiction books most effectively. [24:29]
- A sampling of the kind of books currently occupying Kevin’s nightstand. [26:38]
- What was Odeo, and what did Kevin learn during his internship there? [27:27]
- From the time they worked together at Odeo, what does Kevin see as Evan Williams’ superpowers? [29:31]
- An examination of some of the most successful pivots in recent history and why some entrepreneurs handle the process better than others. [32:44]
- Is the ability to make the right call between pivoting or stopping a project altogether intrinsic, or something that can be trained? [36:50]
- Someone needs to write a 10-volume set about the bad ideas of amazing people. It could be called There Is No Midas Touch. [38:10]
- Approaches for getting honest feedback when it’s time to stress test — especially when people are wired to avoid conflict and might not want to hurt your feelings. [40:21]
- Some honest — but difficult to acquire — feedback Kevin was grateful to get during his early days of stage presentation that helped him improve. [42:56]
- Learning how to take honest feedback non-defensively may be the key to giving honest feedback without fear. [44:37]
- What is a 360 interview, and what can it teach us? [45:12]
- Disallowing seven on a one-to-10 scale when soliciting feedback is a good way to prompt honesty. [47:59]
- Tough times Kevin has experienced on his entrepreneurial journey and how he’s bounced back. [49:16]
- Selling Instagram for a billion dollars should have felt like winning, but Kevin explains why it was bittersweet at the time and how he responded to it all. [53:48]
- The power of understanding your own motivators and what gets you out of bed in the morning, and how Kevin discovered he’s not actually as competitive as he’d always assumed. [57:42]
- How did Kevin learn to manage, and why does he strongly support the idea of hiring up? [58:44]
- Mr. Systrom elaborates on the meetings he and Mike would have specifically to get through decision-making bottlenecks and how this was inspired by Herbie from The Goal. [1:02:17]
- How does Kevin choose the books he’s going to read? [1:07:42]
- What Kevin gets most out of reading history books. [1:09:46]
- Some of my recommended biographies and histories. [1:12:12]
- Advice Kevin gives to entrepreneurs (and I give to aspiring authors) — that very few actually take. [1:13:41]
- Other mistakes Kevin sees entrepreneurs and creators making often. [1:18:01]
- What would Kevin’s billboard say? [1:20:29]
- Parting thoughts. [1:22:43]
- Mike Krieger
- Nicole Systrom
- Freya Systrom
- Ray Dalio
- Eric Ries
- Diane Systrom
- Douglas Systrom
- Mortimer Adler
- Evan Williams
- Noah Glass
- Jack Dorsey
- David Allen
- Steve Jobs
- Mario Mendoza
- Joe Gebbia
- Kyle Maynard
- Shaun White
- Eliyahu M. Goldratt
- David McCullough
- Naval Ravikant
Posted on: April 25, 2019.
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