Scott’s Career Advice: Imposter Syndrome, Startups & Networking

AI transcript
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0:00:43 welcome to office hours with property today we’re kicking off a special two
0:00:46 part series all about careers navigating them advancing them maybe even
0:00:52 surviving them I’ll be sharing my best advice which may not be very good no
0:00:56 corporate speak no bullshit I am going to tell you exactly what I’m thinking and
0:00:59 might offend you and I might upset you and guess what we’re both going to be
0:01:04 fine let’s bust right into it first question
0:01:11 hey prof G my name is Hank and I’m an American that’s been living in Stockholm
0:01:16 Sweden for the last eight years and I’ve really loved your at office hours
0:01:20 advice listening to your opinion on things and what I thought that would be
0:01:26 very helpful to get your thoughts on is dealing with imposter syndrome all the
0:01:30 time I feel like when I’m working that I don’t know maybe I’m not good enough
0:01:36 even though from all my previous jobs all the feedbacks been great and now I’m
0:01:40 about to move on to a CMO role which I think it’s kind of way out of my league
0:01:46 even though all the interactions with the CEO and all the interview processes
0:01:49 weren’t really well so I don’t feel like I should have those feelings but again
0:01:53 they’re still there just wondering if you’ve ever faced this in your life and
0:01:58 do you have any strategies to kind of get over this anyway looking forward to
0:02:02 your thoughts and thank you so much for everything Hank from Sweden the data says
0:02:06 with imposter syndrome that you’re supposed to practice self-compassion
0:02:10 be kind to yourself acknowledge and accept your feelings challenge negative
0:02:15 thoughts say well the market and other people who are smart think I’m in the
0:02:19 right position so maybe there’s something to their views I find that talking
0:02:23 stuff out really helps like telling people Jesus I feel like I’m in over my
0:02:28 head or I don’t deserve it I just feel like you know getting those thoughts out
0:02:33 help address them and hearing yourself talk you start to solve that type of
0:02:38 thing being positive I mean eating eating well being a good shape and I
0:02:41 think you just start to feel more confident across all areas of your life
0:02:44 like I’m strong and I’m healthy which means I’d be really good at anything
0:02:49 including my job so it’s imposter syndrome is a form of intellectual self-doubt
0:02:54 that can affect anyone regardless of their job people with imposter syndrome
0:02:58 often feel like they could have done better even when things go well I think
0:03:01 if you don’t have a little bit of imposter syndrome it probably means
0:03:07 you’re a bit of a sociopath or arrogant because the whole point of the reason
0:03:12 we’re so competitive is that it’s good for the species right I want to do better
0:03:16 than the gyrogal next to me which creates better performance which results in a
0:03:20 better society and onward and onward and things get better so this competitive
0:03:24 spirit is important constantly referencing and comparing yourself to
0:03:28 others is natural and that’s part of that competitive instinct but it can result
0:03:35 in a lot of self-doubt and I just think well first off a lot of people have this
0:03:39 I just said on a previous office hours that I’ve never felt like it was
0:03:43 qualified to do anything I did and then I realized when I showed up that
0:03:46 everyone else is an imposter too and everyone else feels as if they’re an
0:03:50 imposter so it sounds like you’re doing really well acknowledge everyone around
0:03:54 you that they might be smarter than you think and it picked you for a lot of good
0:03:58 reasons I would say be kind to yourself try and engage in things that make you
0:04:02 feel positive I think working out and eating well make you feel talented and
0:04:05 healthy and that you would be good at almost anything because you’re the
0:04:11 strong healthy person but recognize everyone feels a little bit of that and
0:04:14 again go back to the notion that the market may be smarter than you think
0:04:19 and you deserve to be where you are thanks for the question question number
0:04:24 two hi prof G my name is Nicholas and I’m a huge fan of your podcasts special
0:04:29 shout out to Ed for having to laugh at your dig chokes anyway I’m 36 Canadian
0:04:33 and have about 10 years of experience as a business generalist I started as an
0:04:38 engineer got a top MBA and then spent about five years in Luxembourg at
0:04:42 McKinsey and Amazon tired of corporate I moved to the south of France to join my
0:04:46 in-laws family business only to confirm your thoughts about that region great
0:04:51 place to spend but not to earn so my wife to kids and I have moved to Toronto for
0:04:55 better opportunities now I think my best move would be to join an early-stage
0:05:00 startup as a COO or chief of staff to build a company and some wealth along
0:05:04 the way which sounds super interesting and challenging my question to you is
0:05:09 this knowing the high failure rate of early-stage companies what advice do
0:05:13 you have for picking a winner how can I assess which startup is worth betting
0:05:16 this next chapter of my career on thanks and keep doing what you’re doing
0:05:20 thanks very much Nicholas from Canada what an interesting life you’ve led and
0:05:25 how it’s kind of good to be you okay so it sounds like you want to go to a
0:05:32 startup so first up nobody knows and you there’s hints what I’ve always done is
0:05:36 I’ve always picked people not companies and that is if you have the opportunity
0:05:40 interview with small firms you want to go where you think the people are most
0:05:42 impressive because a lot of times the small companies they end up doing
0:05:46 something that they hadn’t originally anticipated but if the people are super
0:05:51 smart they can more often than not figure it out so I think you want to go
0:05:53 somewhere where you think the person I’m going to report into I’m going to learn
0:05:59 a lot and these people just seem really together now hopefully if it’s just a
0:06:02 stupid idea then fine there might have been a lot of smart people with that dog
0:06:08 walking app back by soft bank but that was just a stupid idea but you basically
0:06:11 want to go into battle with people that you want to go to you know you would
0:06:16 want to go into battle with and then also I think the where the company is in
0:06:20 the life cycle sort of interesting my general experience is that joining a
0:06:25 company with zero to ten employees is it the risk-reward ratio isn’t there now
0:06:28 if the if the company works those people make a shit ton of money but those are
0:06:31 the people we read about in the newspaper we don’t read about the six out of
0:06:34 seven companies and end up with a zero even worse than that sometimes they go
0:06:38 three five ten twenty years and then end up with nothing that happened to me at
0:06:42 run envelope I was there ten years to work my ass off invested three million
0:06:46 dollars in my own capital to end up with nothing that story doesn’t get told a
0:06:53 lot although I tell it a lot but the zero to ten is huge upside but I would
0:06:56 argue like if you’re not the founder and you’re not going to get 20 or 30% of the
0:07:00 company I’m not sure the risk-reward is there at the same time when you join a
0:07:04 company that’s already had a couple thousand people unless it’s a moonshot
0:07:08 like a Google or a Salesforce you’ll make good money but you’ll never make super
0:07:13 super huge money I find that the sweet spot from a risk-reward standpoint is
0:07:19 kind of 20 to 200 employees and that is you’re still early enough to get
0:07:24 significant equity but if they’re at that point it means that they have
0:07:29 probably some level of product market fit so I find that sort of the sweet
0:07:34 spot of risk-reward especially given that you have you have a family in
0:07:38 addition there’s other signals who are the people who have back the company how
0:07:43 much capital have they raised how much press have they received there’s you
0:07:47 know not all of these are you know it’s sort of a good housekeeping stamp of
0:07:51 approval which by the way approves talcum powder which ended up giving people
0:07:56 all sorts of cancer so it’s not a guarantee but when there’s good people
0:08:02 and VCs or customers involved there’s signals you should be able to discern
0:08:07 around how the company is doing but again I like the sweet spot of kind of
0:08:12 there’s product there’s some limited evidence of product market fit and but
0:08:17 at the same time if I show up I’m still gonna get quote-unquote real significant
0:08:20 equity but again this is a good problem and also you got to let the market
0:08:24 decide you got to get the job first so your first objective is to get one
0:08:28 ideally two offers so you can play them against each other but let me finish
0:08:35 where I started with your background living in Toronto and a family just it’s
0:08:40 just good to be Nicholas thanks for the question we have one quick break before
0:08:43 our final question stay with us
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0:09:48 turns and conditions apply hiring indeed is all you need we’re taking box media
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0:10:41 sxsw welcome back question number three hi Scott my name is Sasha I’m a big fan
0:10:45 of your podcast and I’m a sophomore in college in Boston and I find your career
0:10:49 fascinating with that I need help understanding networking as a student
0:10:52 interested in a career in consulting there’s a lot of pressure to quote-unquote
0:10:56 network how can I do this authentically and I’m lucky to already have
0:10:59 connections at MBV but what can I ask those connections to really do for me
0:11:05 thank you for your wisdom and considering my question I think Sasha so
0:11:13 say yes a lot a bit the business school and college are fantastic ways you get
0:11:17 invited to all this crazy shit either you get to go see I remember I know this
0:11:21 popped into my mind I went saw Don Valentine speak at an event at Hawes and
0:11:25 UK as a student can go up to Don Valentine and say hi I’m Scott Galloway and I
0:11:29 found out he ran this firm called Sequoia and I don’t think I’d leverage that
0:11:32 content but I eventually ended up raising a lot of money from Sequoia but
0:11:36 you can kind of call on anybody from a professional standpoint and they’ll meet
0:11:40 with you have coffee with us when students call me and I’m not suggesting you do
0:11:43 this and say I want to have coffee I’m much more inclined to have coffee with
0:11:49 them than even at this point like a CEO of some company right now you just have
0:11:53 currency to meet people and I would take advantage of that both professionally or
0:11:57 kind of networking at these sort of corporate events but also a different
0:12:01 type of networking is just to try to make as many friends as possible and have
0:12:05 fun say yes go to football games with people or whatever it is they do at your
0:12:10 college go out for a drink also and invest in relationships send people nice
0:12:15 notes be happy to see them there’s this great study that looked at who are the
0:12:18 most popular kids in high school and was it the athletes was it the best looking
0:12:23 kids no you know what it was it was the kids who liked the most people not
0:12:27 the kids who had the most people who like them but the easiest way to get
0:12:30 someone like you is to like them the kids that were friendliness waved at other
0:12:34 people in the hall were confident those kids were the most popular I thought that
0:12:38 was so obvious but fascinating so what do you want to do you want to go to as
0:12:42 many of these kind of networking events as is you know doesn’t get in the way
0:12:46 your studies say yes to stuff with your friends be nice to people be friendly
0:12:50 like as many people as you can and take advantage of the fact that people want
0:12:54 to meet with you and you have access to all this incredible stuff and more than
0:12:58 anything try not to be in your dorm room or your fraternity where you’re
0:13:03 wherever you’re living more than eight or ten hours a day be out be out in the
0:13:08 wild be out in the jungle meeting people running into unusual opportunities
0:13:12 that’s what I worry about with most young men is there’s too many temptations
0:13:16 to sit at home and believe you can have a reasonable facsimile of life with a
0:13:19 computer and an algorithm no get out of the house go on campus go to these
0:13:25 events another trick I do I did this whenever I walked into a room whether
0:13:30 it was a networking event or a corporate event at business school or a bar I
0:13:34 would I would demand that within ten seconds I’d lock eye contact with
0:13:39 someone and I’d walk up and introduce myself I’d break the seal because it’s
0:13:41 easy to sort of walk into a room and you don’t know anybody and you just kind of
0:13:44 sit there and you look at your phone to pretend you’re doing something and
0:13:48 before you know it you’re just sort of you know sequestered and you’re getting
0:13:53 too used to not talking to people right away you roll into you roll into a
0:13:57 situation you’re gonna go up to a group of people or to someone introduce
0:14:02 yourself just break the seal right away anyway Sasha from Boston thanks for the
0:14:07 question that’s all for this episode if you’d like to submit a question please
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0:14:24 this episode was produced by Jennifer Sanchez our intern is Dan Chalon
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Today, we’re kicking off a special two-part series all about careers—navigating them, advancing them, maybe even surviving them. 

In this episode, Scott talks about navigating imposter syndrome, how to know if working for a startup is worthwhile, and shares his best networking advice.

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